EXTRANS GLOBAL - Weekly Logistics Operation Update - Week 35

📌Weekly Logistics Highlights:

The news highlights this week include:Alibaba logistics firm Cainiao launches next-day cross-border deliveries by way of Hong Kong,Shein to build new supply chain hub in Guangzhou, Tianjin Air Cargo route links Chinese cities with Seoul,Floods bring logistics to a grinding halt in Bangladesh...

Hong Kong, China

🔹Alibaba logistics firm Cainiao launches next-day cross-border deliveries by way of Hong Kong

Cainiao Smart Logistics Network, a subsidiary of Alibaba Group, has launched an express cross-border courier service enabling next-day delivery in China for foreign parcels. Currently available to residents of Shanghai, Zhejiang, and Jiangsu, the service utilizes a Cainiao warehouse near Hong Kong International Airport, facilitating the quick transfer of goods to Zhuhai and then to Hangzhou for delivery. The company plans to optimize the service for future exports from mainland China in collaboration with airports in Hong Kong and Zhuhai.

Shenzhen, China

🔹The "Chongqing-Shenzhen Port Regular Cargo Train" Made Its First Arrival at Shenzhen Yantian Port on the 20th

On August 20, the first fully loaded "Chongqing-Shenzhen Port Regular Cargo Train" departed from Chongqing Tuanjie Village Station, carrying automotive parts and electronics, and is set to arrive at Shenzhen Yantian Port in two days. This service marks the opening of the 16th inland port at Shenzhen, enhancing the connection between the Chengdu-Chongqing area and the Guangdong-Hong Kong-Macao Greater Bay Area, while reducing transportation time from Chongqing to Yantian from five days to two. The cargo may subsequently transfer to Kwai Tsing Port in Hong Kong for international shipment to various continents.

Guangzhou, China

🔹Shein to build new supply chain hub in Guangzhou

Shein has received a total of 25 construction approvals from Guangzhou authorities for its new supply chain hub, according to an announcement published by the planning and natural resources bureau of Zengcheng district, where the hub would be located. The first phase of the project will cover a construction area of not less than 800,000 square meters with a total investment of RMB 3.69 billion, the announcement says, to support the fast fashion giant’s global sales via a one-stop logistics park that will integrate warehousing, stocking, distribution, shipping, and settlement services. Despite moving its headquarters to Singapore, Shein’s operations are still largely rooted in mainland China. The firm reportedly filed for a London IPO in June.

Shanghai, China

🔹Shanghai remains third among global shipping hubs

Shanghai has maintained its position as a leading container port, ranking third globally in the latest Xinhua-Baltic International Shipping Centre Development Index Report, released at the North Bund Shipping Service High Quality Development Conference. This marks the fifth consecutive year Shanghai has held this ranking, following Singapore and London. In 2023, the city handled 49.16 million TEU (20-foot equivalent units), a 3.6% increase from 2022, solidifying its status as the world's largest and busiest container port for the 14th year. The report attributes Shanghai's success to strong import-export activities, advanced digital integration, and a commitment to environmental sustainability, alongside ongoing expansion and upgrading of port facilities.

Tianjin, China

🔹 Tianjin Air Cargo route links Chinese cities with Seoul

A new air cargo service connecting Zhengzhou, the capital of Henan Province in central China, Wuhu in Anhui Province, and Seoul, the capital of the Republic of Korea (ROK), was inaugurated on Friday.According to Tianjin Air Cargo, a freighter loaded with essential goods and e-commerce products departed from Zhengzhou Xinzheng International Airport for Seoul, with a stop in Wuhu.This flight marks the official introduction of a new international air cargo route.Tianjin Air Cargo also reported that the domestic cargo service between Zhengzhou and Wuhu commenced on August 5, and the extension to Seoul expands the air corridor for import and export logistics between central and eastern China and the ROK, significantly enhancing cargo transportation efficiency.

Qingdao, China

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Vietnam

🔹Vietnam's economy projected to grow 6.1% this year

Many Vietnamese textile and garment enterprises are intensifying efforts to turn their production processes sustainable to adhere to buyer nations’ environmental standards and regulations concerning product origin.For the textile and garment industry, key European Union (EU) regulations include the ecodesign requirements for sustainable products, waste directives and extended producer responsibility programmes.The Vietnam National Textile and Garment Group (Vinatex) is implementing carbon reduction solutions by measuring the carbon footprint across product life cycles and developing a green, circular production strategy. The group's members have reduced electricity consumption per product unit by 2 per cent compared to 2022 so far.

South Korea

🔹T'way Airlines is pioneering the use of Sustainable Aviation Fuel (SAF) for its inaugural long-distance flight to Paris, becoming the first domestic low-cost carrier in Korea to embrace eco-friendly aviation practices

T'way Airlines will utilize Sustainable Aviation Fuel (SAF) on its inaugural flight to Paris, marking the first use of SAF by a domestic low-cost carrier (LCC) on a long-distance route. The airline plans to mix approximately 1.5% SAF, derived from crops and waste cooking oil, with conventional aviation fuel for flights between Charles de Gaulle Airport in Paris and Incheon. SAF can reduce carbon emissions by 80% compared to traditional jet fuel, though it is significantly more expensive. France has mandated a gradual increase in SAF usage, and T'way Airlines' initiative follows similar efforts by Korean Air and Asiana Airlines. The airline recently launched new flights between Incheon and Paris, becoming the first Korean LCC to operate this route after taking over from Korean Air due to EU regulatory requirements.

America

🔹Report: North America Cargo Theft Up 49% in 1H24

Cargo thefts in North America surged significantly in the first half of 2024, with a 49% increase compared to the previous year, according to Overhaul's Cargo Theft Report. California, particularly the Southern California "Red Zone," accounted for 45% of all reported thefts, while the average loss per incident rose 83% year-over-year to $115,230. Electronics were the most targeted items, representing 23% of all thefts. The report highlights a troubling trend in criminal methods, with facility thefts rising to 19% of incidents, signaling a need for improved supply chain risk management.

Bangladesh

🔹Floods bring logistics to a grinding halt in Bangladesh

Flooded roads and submerged tracks have isolated Chittagong city from the rest of the country, leading to significant cargo stockpiling at various depots, including Chattogram Port. The shortage of vehicles is causing congestion and could worsen if logistics do not improve soon. While container handling from ships is currently unaffected, concerns about potential congestion are rising due to disrupted cargo handling at outer anchorage caused by rough weather. Additionally, Private Inland Container Depots (ICDs), which manage 90% of the country's exports, are under strain, and train services will remain suspended until the floodwaters recede from affected railway tracks.

Myanmar

🔹Central Bank of Myanmar Sells $120 Million in Foreign Exchange Market

According to statistics released by the Central Bank of Myanmar, on August 19, 2024, the bank sold $89 million in the foreign exchange market at an exchange rate of 3,440 kyats per dollar, and on August 22, it sold $31 million, totaling $120 million in just one week. On August 14, 2024, the Central Bank of Myanmar announced plans to support fuel companies with $100 million in the foreign exchange market. Following this, on August 15, the bank sold $9 million at an exchange rate of 3,400 kyats per dollar, and on August 19, it sold $90 million at an exchange rate of 3,410 kyats per dollar, totaling $99 million in just two days. On August 9, 2024, the Central Bank of Myanmar sold $6 million, 5 million yuan, and 10 million baht to edible oil companies, fuel companies, and other essential goods companies through the FX Trading Platform.

🔹Deputy Minister of Foreign Affairs of Myanmar Meets Ambassador of Bangladesh to Myanmar

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