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EXTRANS GLOBAL - Weekly Logistics Operation Update - Week 03

๐Ÿ“ŒWeekly Logistics Highlights:

Hong Kong's Belt and Road logistics, Guangzhou's China-Europe freight surge, Shandong's port advancements, and challenges for Bangladesh's garment industry, plus a California port resurgence in the U.S. market.


๐Ÿ’™Good to know๐Ÿงก

In the world of freight forwarding, "dead freight" refers to cargo space on a vessel that remains unused or unutilized during a shipment. This term highlights the intricacies of optimizing cargo space and the financial implications for both shippers and carriers.


  Hong Kong, China

๐Ÿ”น Hong Kong E-Commerce Logistics Association (HKELA) Partnership: The Hong Kong E-Commerce Logistics Association (HKELA) proudly announces a close partnership with AlphaPort and a strategic alliance with prominent African leaders. This collaboration, which includes the African Airlines Association (AFRAA), Port Authority of Cotonou, Port of Gothenburg, and Middle East North Africa Rail, aims to drive Belt and Road logistics and foster network development.

๐Ÿ”น DHL Forwarding and DSV Collaboration via CargoWise: CargoWise has collaborated with Cathay Cargo, enabling real-time management of shipments by DHL Global Forwarding and DSV. Through an application programming interface (API) link via the CargoWise logistics platform, DHL and DSV now have visibility and access to Cathay Cargo’s schedules, capacity, and bookings.

๐Ÿ”น Red Sea-related Demand and Supply Chain Impact: While the airfreight sector has yet to witness a solid rise in demand related to the Red Sea crisis, there is a surge in customer inquiries about alternatives to sea transport. Vessel diversions due to attacks on vessels have the potential to disrupt supply chains, with implications on freight rates out of Hong Kong and Shanghai.



  Shenzhen, China

๐Ÿ”น Chinese Automakers' Export Boom: Chinese automakers, including BYD, embrace an export boom by operating their shipping fleets. The maiden voyage ceremony of "BYD EXPLORER NO.1," a vehicle carrier vessel, marks a significant step in this direction. The vessel, loaded with over 5,000 new energy vehicles, is set to sail for ports in the Netherlands and Germany. 


 Guangzhou, China

๐Ÿ”น China-Europe Freight Train Surge: Huangpu Customs in Guangdong Province reports a remarkable increase in China-Europe freight trains, with a 300% year-on-year growth. The customs authority, overseeing key manufacturing and export areas, handles 444 China-Europe freight trains in 2023, emphasizing the region's role in international trade.

๐Ÿ”น Guangdong's Opening-up Regulations for Nansha: Guangdong releases the Regulations of Nansha on Deepening Comprehensive Cooperation between Guangdong, Hong Kong, and Macao for Opening-up. Set to take effect on March 1, 2024, the regulations focus on deepening foreign financial and trade cooperation, strengthening international shipping and logistics hubs, and establishing global traceability centers in Nansha.


 Shanghai, China

๐Ÿ”น Record Cross-Border E-Commerce Exports from Shanghai's Airports: In 2023, Shanghai's airports record a significant surge in cross-border e-commerce exports. The airports receive 440 million export declaration forms, almost triple the figures from 2022, with a total export value exceeding 85 billion yuan.


 Tianjin, China

๐Ÿ”น Tianjin Port's Direct Route for Chilean Cherry Imports: Tianjin Port launches a new direct shipping route to facilitate cherry imports from Chile. This marks the first direct shipping service for Latin American cherries to the Beijing-Tianjin-Hebei region, with vessels loaded with over 2,000 tonnes of cherries arriving at the port. 


 Qingdao, China

๐Ÿ”น Shandong Province's World-Class Port Cluster Plans: Shandong Province announces plans to build a world-class ports cluster in 2023. The province aims to complete the third phase of an automated terminal at Qingdao Qianwan Port and the second phase of a 300,000-ton crude oil terminal in western Yantai Port, expanding routes of ocean shipping.



๐Ÿ”น Rapid Growth in Vietnam's Logistics Sector: Vietnam's logistics sector experiences rapid growth, outpacing the country's GDP growth rate. Fueled by factors such as e-commerce startups and the Regional Comprehensive Economic Partnership Agreement, the sector aims for an annual growth rate of 20% over the next two years.

๐Ÿ”น Vietnam-Europe Air Shipments Surge: An unseasonal surge in air cargo from Vietnam to Europe indicates a shift to more expensive air freight. The surge in cargo volumes and rates is attributed to disruptions in sea transport through the Red Sea, prompting shippers to explore alternative transportation methods.



 South Korea

๐Ÿ”น Emirates Increases Flights to Seoul: Emirates announces an increase in flights to Seoul, South Korea, with three additional flights per week effective February 19, 2024.

๐Ÿ”น E-commerce Agreement between Eland Group and Cainiao: The Eland Group and Alibaba's Cainiao sign an international logistics business agreement in Shanghai. The agreement aims to provide a more efficient solution for quality South Korean products, starting with children's clothing, to enter the Chinese e-commerce market.




๐Ÿ”น California Ports Regain Import Market Share: The ports of Los Angeles and Long Beach experience a resurgence, handling 36% of U.S. containerized imports. Improved labor relations and issues in the Panama and Suez Canals contribute to the ports' recovery.



๐Ÿ”น Tiger Logistics and Sikder Group Joint Venture: Tiger Logistics (India) signs an agreement with Bangladesh-based Sikder Group to establish a Joint Venture for global trade. The joint venture aims to strengthen connectivity between the two nations, following Bangladesh's granting of permanent access to Chattogram and Mongla Port in April 2023.

๐Ÿ”น Challenges in Bangladesh Garment Exports amid Red Sea Crisis: The garment industry in Bangladesh faces challenges due to the Red Sea crisis, impacting shipping costs and delivery timelines. Rising freight prices and thin profit margins pose difficulties for Bangladeshi garment makers, leading to potential business losses.


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