Korean Shipping Industry Faces Challenges: Acquisition of Mega Container Vessels Becomes Key

Korean Shipping Industry Faces Challenges: Acquisition of Mega Container Vessels Becomes Key

The South Korean shipping industry is facing immense competitive pressure, with two major shipping companies urgently needing to procure ultra-large container ships to enhance their market competitiveness. Currently, the industry is suffering from severe overcapacity, and declining freight rates are impacting the profitability of shipping firms. Furthermore, officials do not support the merger of the two companies, emphasizing the need for voluntary principles to ensure market diversity and stability.

07/21/2025 Logistics Industry Insights
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How To Fill Out The Transaction Method Column On The Export Customs Declaration

How To Fill Out The Transaction Method Column On The Export Customs Declaration

This article discusses how to fill out the transaction terms section of the export customs declaration form. According to international trade terms, the transaction methods include FOB, C&F, and CIF, specifying the requirements for reporting freight and insurance under different conditions. Accurately completing this information is crucial for smooth customs clearance. The article further explains the English expressions of related international terms to help readers deepen their understanding.

07/16/2025 Logistics Encyclopedia
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Retail Logistics Firms Cut Jobs Ahead of Peak Season

Retail Logistics Firms Cut Jobs Ahead of Peak Season

Driven by the global economic downturn, retail giants and freight forwarding companies are laying off employees ahead of the peak season. Amazon plans to cut 10,000 jobs, and C.H. Robinson has also implemented significant layoffs. PwC predicts that half of US companies may face layoffs. Cross-border e-commerce sellers should carefully select logistics partners, control costs, pay attention to market changes, and improve competitiveness to cope with industry reshuffling.

12/31/2025 Logistics Industry Insights
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Guangzhou Airport Ranks Ninth Globally in Cargo Traffic

Guangzhou Airport Ranks Ninth Globally in Cargo Traffic

In 2024, Guangzhou Baiyun International Air Cargo Airport's cargo and mail throughput surpassed 2.38 million tons, ranking ninth globally. The airport launched 18 new international routes and built an efficient logistics network, attracting numerous global logistics giants to settle in. The future looks promising.

08/04/2025 Logistics
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Milwaukee Airport Expands Nationwide Flight Connections

Milwaukee Airport Expands Nationwide Flight Connections

General Mitchell International Airport, located in Milwaukee, offers multiple runways and flights from several airlines to major cities across the country, providing travelers with convenient air travel options. It serves as a new gateway for exploring the U.S., ensuring a comfortable experience for every passenger.

09/15/2025 Airport Codes
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Madagascars Analalava Airport An Emerging Aviation Hub

Madagascars Analalava Airport An Emerging Aviation Hub

Ankralava Airport, located in Madagascar, serves as a vital air hub leading to the country's diverse ecosystems and beautiful attractions. This article explores its geographical location, history, flight services, transport accessibility, and nearby tourism resources, highlighting how this airport offers travelers a unique journey experience.

08/08/2025 Airport Codes
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Norfolk Island Airport Boosts Oceania Flight Links

Norfolk Island Airport Boosts Oceania Flight Links

Norfolk Island International Airport serves as the main aviation hub in the region, offering flights to Auckland, Brisbane, and Sydney, primarily operated by Air New Zealand. The continuous enhancements and service improvements at the airport have significantly boosted tourism and economic development on Norfolk Island.

08/08/2025 Airport Codes
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