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Global Trade Trends: Decrease in Containers from Asia to the US, and European Shipping Lanes Face Transportation Disruptions

2024-08-19

Global Trade Dynamics: Container shipments from Asia to the U.S. decline, European shipping routes face disruptions, and the Shanghai Shipping Exchange releases the latest Shanghai Containerized Freight Index (SCFI). After falling below 1,000 points last week, the index dropped another 45.54 points this week to 934.31, a decline of 4.64%. All four major ocean routes declined, with freight rates from the Far East to the U.S. West and East Coasts dropping by over 13%, showing significant declines.

The United States Will Implement a New Mandatory Safety Standard for Infant Cribs

2024-08-19

On May 9, 2023, the U.S. Consumer Product Safety Commission (CPSC) issued a final rule notification regarding updates to the safety standards for bedside cribs. According to the new rule, CPSC will adopt the updated ASTM F2906-23 standard by the American Society for Testing and Materials as the latest mandatory safety standard for bedside cribs. The new rule is expected to take effect on August 5, 2023.

Chinas Cross-Border E-Commerce Imports and Exports Exceed 2 Trillion Yuan, Boosting New Developments in Global Trade

2024-08-19

At the International Cross-Border E-Commerce Development Forum of the 40th China Langfang International Economic and Trade Fair, Lü Daliang, spokesperson of the General Administration of Customs and Director of the Department of Statistical Analysis, revealed a new milestone for Chinas cross-border e-commerce. In 2022, Chinas cross-border e-commerce import and export scale exceeded 2 trillion yuan for the first time, a 7.1% increase from 2021, injecting new momentum into Chinas foreign trade development.

Panama Canal Faces Worst Drought in 70 Years, International Logistics Costs May Rise

2024-08-19

The worst drought in 70 years is affecting the Panama Canal. To cope with the continuous decline in water levels, the management has had to impose stricter restrictions on vessel draft and reduce the number of ships passing through. This situation has raised concerns among industry professionals, as international logistics costs may rise as a result.

Announcement of the Certification and Accreditation Administration on the Designation Results of Compulsory 3C Certification Laboratories for Lithium - ion Battery Products | Shanghai Import/Export Agent

2024-08-19

Vietnam, as a new global manufacturing hub, is experiencing an energy crisis triggered by the El Ni?o phenomenon. The surge in electricity demand due to high temperatures and reduced power supply has led to electricity shortages in the northern regions. Industrial parks and manufacturing plants housing major companies like Samsung, Foxconn, and Canon have been forced to implement measures such as reducing peak-hour electricity usage and rotating power outages.

Announcement on the Designation Results of Compulsory 3C Certification Laboratories for Lithium - ion Battery Products Released by the CNCA

2024-08-19

According to the Regulations of the Peoples Republic of China on Certification and Accreditation, the Measures of the Peoples Republic of China for the Administration of Compulsory Product Certification Bodies and Laboratories, and the Announcement of the Certification and Accreditation Administration of the Peoples Republic of China on Designating Implementation Bodies for Compulsory Product Certification of Lithium - ion Batteries and Other Products (No. 5, 2023), the Certification and Accreditation Administration of the Peoples Republic of China (hereinafter referred to as the CNCA) hereby announces the decision on designating laboratories for the compulsory product certification (3C certification) of lithium - ion batteries and battery packs, mobile power supplies, etc. used in electronic and electrical products.

Analysis of the Impact of the EUs Prohibitive Tariffs on Chinese Biodiesel

2024-08-19

The EU Imposes Prohibitive Tariffs on Chinese Biodiesel. This Move May Exacerbate the Tightening of Energy Supply, Affect the Energy Transition Plan, Trigger Trade Tensions, and at the Same Time Reflect the Rise of Global Trade Protectionism, Having a Profound Impact on Sino - EU Trade Relations and the Global Energy Market.

Effective from June 6, 5 types of pollutants are prohibited from import and export

2024-08-18

The Standing Committee of the National Peoples Congress of the Peoples Republic of China reviewed and approved the Amendment to the Stockholm Convention on Persistent Organic Pollutants to List Three Types of Persistent Organic Pollutants such as Polychlorinated Naphthalenes and the Amendment to the Stockholm Convention on Persistent Organic Pollutants to List Three Types of Persistent Organic Pollutants such as Short - Chain Chlorinated Paraffins (hereinafter collectively referred to as the Amendment) at its 38th meeting on December 30, 2022. The Amendment will come into force in China from June 6, 2023.

The Mediterranean Shipping Dalian - India - Malaysia route started operation at the Dalian port

2024-08-18

On June 12, Mediterranean Shipping Company (MSC)s Dalian - India - Malaysia route was officially launched and put into operation at the Dalian Port. This is another Asian regional route laid out by MSC based on the Southeast Asia route PERTIWI launched in 2022. This time, it is planned to deploy 6 container ships of 2,500 - 3,500 TEU, call at the main ports of RCEP member countries such as Indonesia and Malaysia, and provide customers with direct - sailing services from the Dalian Port to Semarang, the third - largest port in Indonesia.

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Global Trade Trends: Decrease in Containers from Asia to the US, and European Shipping Lanes Face Transportation Disruptions

The United States Will Implement a New Mandatory Safety Standard for Infant Cribs

Chinas Cross-Border E-Commerce Imports and Exports Exceed 2 Trillion Yuan, Boosting New Developments in Global Trade

Panama Canal Faces Worst Drought in 70 Years, International Logistics Costs May Rise

Announcement of the Certification and Accreditation Administration on the Designation Results of Compulsory 3C Certification Laboratories for Lithium - ion Battery Products | Shanghai Import/Export Agent

Announcement on the Designation Results of Compulsory 3C Certification Laboratories for Lithium - ion Battery Products Released by the CNCA

Analysis of the Impact of the EUs Prohibitive Tariffs on Chinese Biodiesel

Effective from June 6, 5 types of pollutants are prohibited from import and export

The Mediterranean Shipping Dalian - India - Malaysia route started operation at the Dalian port

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