International

HML International Export Industry General Department of Customs

Container shipping alliances gradually reduce calls to Hong Kong port

The Port of Hong Kong is being phased out as a major port of call on the east-west trade by major container shipping alliances. From being the world’s busiest container port in the late 1990s, Hong Kong has dropped to 10th place by 2023, handling 14.4 million TEUs, and the decline looks set to continue.

The dominance of the ‘giants’ in maritime container transport

The growth of container shipping has been accompanied by a trend towards market concentration among a small number of super-large carriers. Container shipping plays a key role in global trade, with 163 million TEUs transported in 2022. During the period 1980-2022, the average annual growth rate was 6.1%, compared to 2.8% for maritime transport in

Improved reliability of global container shipping schedules

Container shipping schedule reliability improved in February as diversions from the Red Sea to avoid Houthi attacks began to normalize. Analysts from Sea-Intelligence report an improvement in global shipping schedule reliability for container lines in February 2024, up 1.7 percentage points from January to 53.3%. “After a few weeks of turmoil following the Red Sea

Red Sea crisis boosts profits for container shipping lines

From a net loss of $700 million in the fourth quarter of 2023, container shipping lines’ net profits improved, rising to $5.4 billion in the first three months of 2024. Despite facing many crises in recent times, the world’s container shipping has helped carriers increase profits. Carrier profits have increased sharply due to the pandemic,

SITC Shipping Line Announces New Service to Japan

SITC Shipping Company in Ho Chi Minh City has just announced the launch of a new service to Japan, aiming to improve its service provision to better serve the needs of customers. New Service VTX6: HCM – NANSHA – TOKYO – YOKOHAMA – NAGOYA. The first train from HCM will depart on Thursday, June 26.

Singapore reopens disused container terminals to ease port congestion

Previously closed container terminals in Singapore’s city centre have been temporarily reopened to ease a backlog of ships loading and unloading cargo at the world’s second-largest port. The Maritime and Port Authority of Singapore (MPA) said on May 30 that operations at the city-centre’s shuttered container terminals have been temporarily reopened to ease the backlog

Suez Canal revenue nearly halved due to Red Sea crisis

Revenue from Egypt’s Suez Canal has nearly halved this year after Houthi attacks on shipping in the Red Sea forced many ships to divert around the Cape of Good Hope. According to Egypt’s Al-Mal News, data released this week last month showed that the Suez Canal’s revenue fell 64.3% to around $337.8 million, compared to

Shippers’ concerns grow as US East Coast Port Federation threatens strike

Labor negotiations at ports on the U.S. East Coast and Gulf Coast are a potential new risk for retailers, manufacturers and shippers already grappling with longer shipping times and higher costs. The International Longshoremen’s Association (ILA) contract, which covers 45,000 stevedores at 30 ports from Maine to Texas, expires Sept. 30. If a new deal

Steel exports to the US increased by more than 400%

(HQ Online) – The United States is one of Vietnam’s leading iron and steel export markets and has achieved impressive growth rates. According to preliminary statistics from the General Department of Customs, in the first half of February (February 1-15), the country exported 377,858 tons of iron and steel of all kinds, with a turnover

Steel exports to the US increased by more than 400%

(HQ Online) – The United States is one of Vietnam’s leading iron and steel export markets and has achieved impressive growth rates. According to preliminary statistics from the General Department of Customs, in the first half of February (February 1-15), the country exported 377,858 tons of iron and steel of all kinds, with a turnover

Container Explodes on Yang Ming Ship in Ningbo Port

Yang Ming Shipping Company’s container ship had an explosion at Ningbo port, China, the initial cause was determined to be an explosion of a container containing dangerous goods. One of Yang Ming Marine Transport’s ships suffered an explosion on Friday, August 9 at around 1:40 p.m. local time while docked at Ningbo, China. Video footage

Asia-North America West Coast Ocean Freight Rates Fall on Weak Demand and Capacity Increase

Shanghai container shipping futures suggest that Asia-Europe shipping rates could fall by 2025, after appearing to have peaked at present. On August 5, the EC2408 (August contract) index closed at 5,627 points, while the EC2410 (October contract) closed at 3,585 points, down 3% and 9% respectively from July 29. The EC2504 (April 2025 contract) closed

International transport and logistics market Week 35/2024

International Container Shipping and Logistics Market Update for Asia, Europe and North America in Week 35/2024. Drewry’s composite global container freight rate index for Week 35/2024 continued to decline by 3% compared to the previous week, to USD 5,181. This freight rate index is 265% higher than the pre-pandemic average of 2019 (USD 1,420). 1.

How is Vietnam-US trade between the two Trump elections?

In the first 9 months of 2024, Vietnam – US trade reached nearly 100 billion USD, nearly 3 times higher than the same period in 2016 – the first year Mr. Donald Trump was elected President of the United States. Mr. Donald Trump has won and become the 47th President of the United States, according

Lower capacity and rising demand push up rates on the Atlantic trade

Container freight rates on the Atlantic trade route rose due to capacity shortages and rising cargo volumes, amid concerns about an impending strike at a US East Coast port and post-election trade policy uncertainty. Uncertainty is affecting the Atlantic trade as election debates heat up and we approach a deadline for workers and terminal operators

Container shipping lines’ GRI attempt fails

Hopes for a recovery in freight levels continued to wane as mainline carriers failed to implement a general rate increase (GRI) on June 1, marking their third straight unsuccessful attempt following two flops this month.

Advise

Procedures for Exporting Bamboo and Rattan

1. HS Code for Bamboo and Rattan Depending on the item and material, the HS code of bamboo and rattan products will be different. Specifically, for bamboo and rattan products, the HS code will belong to group 4602 – Bamboo and rattan products, wicker and other products made directly from plaited materials or made from

Procedures for Importing Electronic Components

1. Legal policies on importing electronic components – 100% new, unused electronic components are not on the list of prohibited imports. Therefore, the unit can carry out import procedures similar to other regular products. – For electronic products, used electronic components are on the list of prohibited imports and exports. Therefore, individuals and units cannot

PROCEDURES FOR IMPORTING GRANITE

Import and export activities are increasingly developing, imported goods are increasingly appearing and becoming more popular in the Vietnamese market. However, for some specific goods, there are always certain requirements and regulations if they want to be circulated in the market. Granite is one of the goods that need to be declared as conforming and

LIST OF EXPORTED AND IMPORTED GOODS UNDER LICENSE

I. LIST OF EXPORTED AND IMPORTED GOODS SUBJECT TO LICENSES AND CONDITIONS UNDER THE MANAGEMENT SCOPE OF THE MINISTRY OF INDUSTRY AND TRADE A Export goods Management 1 Chemicals and products containing chemicals. Comply with the provisions of the Law on Chemicals and the Decrees detailing its implementation. Table 2 chemicals, Table 3 chemicals according

IMPORT LICENSE APPLICATION PROCEDURE

1. Application for import and export license Specifically, in Clause 1, Article 9 of Decree 69/2018/ND-CP, the application for import and export license includes: – The trader’s request for a license: 1 original. – Investment certificate or business registration certificate, enterprise registration certificate: 1 copy with the trader’s stamp. – Relevant papers and documents as

PROCEDURES FOR IMPORTING GLASS USED IN CONSTRUCTION

Nowadays, glass products are widely used in life: high-rise buildings, to areas of life such as motorbike mirrors, bathroom mirrors, dining table glass, etc. In which, the demand for imported glass is increasingly popular. So what are the procedures for importing these goods? And what are the special notes? Let’s learn about the detailed import