CLARKSON Research's Container Intelligence Monthly predicts mainlane trade volumes on the Asia-Europe headhaul route will grow seven per cent to 15.6 million TEU in 2015, after the tradelane recorded eight per cent year-on-year growth in the first nine months of this year. The increase follows an uptick in volumes in the second half of 2013, with northern European imports giving the strongest performance.
HONG KONG's Orient Overseas Container Line (OOCL) has joined other shipping lines in rescinding its congestion surcharge for cargo entering North American west coast ports. "Further to our announcement released on November 25th, OOCL has decided to postpone the imposition of the Port Congestion Surcharge (PCS) on all cargo entering the United States via US west coast port or Canadian west coast Gateways," the company said.
Maersk Line will close down its Trans-Pacific 5 (TP5) US-flag service operated by its Maersk Line Ltd affiliate in January next year as part of a strategy to eliminate unprofitable Pacific services. The five ships on the route include four 4,300-TEU vessel formerly owned by Sea-Land Service and one ship chartered from Mediterranean Shipping Co (MSC).
The Noi Bai International Airport’s new international terminal will open on December 31 after a brief trial run from December 20- 25. Transport Minister Dinh La Thang said that along with the new terminal, the airport must invest in human resources so it could deliver high-quality services to international passengers.
SHIPPING lines are seeking a general freight rate hike to stick in July on the Asia-Europe trade after prices on services to northern Europe picked up steam. The latest figures from the Shanghai Containerised Freight Index show that freight rates on services from Shanghai to northern Europe increased by US$19 on a week ago to $1,202 per TEU.
Although the garment - textile industry has made a significant growth in recent years to prepare for the expected Trans-Pacific Partnership (TPP) Agreement, input production remains an unresolved issue when the vast majority of businesses are dependent on imported inputs.
With the increase in both prices and quantities as well as export markets of many key commodities, Vietnam’s export sector is attempting to accelerate to reach its target during the last months of the year.
The Vietnamese rubber industry has a glorious tradition and a long-standing history tied to the cause of fighting for, protecting and building the country. That tradition was created and nurtured by the energy, sweat, life and wisdom of thousands of people across generations.
To tackle unfair competition from dumped and subsidized imports, the Council of the EU is scheduled to debate a draft regulation at an upcoming trade minister meeting aimed at updating EU instruments, which have remained largely unchanged since 1995.
The move goes against the spirit of free trade as well as the growing bilateral economic and trade relations and the comprehensive partnership between the two countries, Binh said at a regular press conference in Hanoi on November 20. “We affirm that Vietnamese companies do not dump frozen pangasius fillets on the US market,” he stressed.