On August 10, 2025, the exchange rate of the Singapore dollar to the Chinese yuan reached 1 SGD = 5.59102 CNY, an increase of 3.46% compared to the same period last year. This fluctuation reflects the strengthening economic relations between the two countries, indicating a promising future for more robust economic cooperation.
This article introduces the definition of Non-Vessel Operating Common Carriers (NVOCC) and their crucial role in international freight transportation. It emphasizes their dual identity and cooperation with traditional Vessel Operating Common Carriers (VOCC). The article discusses the importance of NVOCC in reducing logistics costs for businesses and enhancing supply chain efficiency.
The World Customs Organization (WCO), as a professional body in the global customs field, is committed to enhancing the efficiency and security of customs management while facilitating international trade. Through extensive international cooperation and technological innovation, WCO promotes the standardization and reform of customs affairs worldwide, becoming a crucial leader in customs management.
In the context of current economic uncertainty, businesses need to deepen cooperation with third-party logistics (3PL) to address challenges such as rising customer demand, increasing costs, and sustainable development goals. By establishing strategic partnerships, companies can enhance customer experience, optimize cost management, implement environmentally friendly practices, and mitigate geopolitical risks to ensure stable growth.
The 2025 TIACA Executive Summit officially opened in Hong Kong, featuring a traditional dragon dance performance hosted by HACTL, showcasing the charm of local culture and attracting numerous industry leaders. Attendees discussed trends and innovations in the future of the logistics industry. Key topics included sustainable development, aiming to promote international cooperation and communication.
SF Express Group has signed a cooperation agreement with Jilin Tonghua International Inland Port to advance pharmaceutical logistics, cold chain delivery, and warehouse management services. The partnership aims to leverage Tonghua's geographical advantages and abundant pharmaceutical resources. Operations are expected to launch within two weeks, contributing to Tonghua's goal of becoming 'China's Pharmaceutical City'.
Ravenna Port, a key maritime gateway in Italy's Emilia-Romagna region, has become a leader in trade across the Eastern Mediterranean and the Black Sea due to its advantageous geographic location. By joining the International Port Association, the port aims to enhance its global cooperation and operational efficiency, contributing significantly to regional economic growth.
Hunnu Airlines has launched a direct flight from Ulaanbaatar, Mongolia, to Beijing Daxing International Airport, utilizing the Embraer E195-E2 aircraft for the first time. This marks a new development in the China-Mongolia air corridor. The new route aims to strengthen communication and cooperation between the two countries and promote further growth in the tourism industry.
HAFFA, the Hong Kong Air Freight Association, is a non-profit organization dedicated to promoting the standards and development of the air freight industry in Hong Kong. It offers services to its members, fosters industry standardization, protects rights and interests, provides professional training, and engages in international cooperation to enhance Hong Kong's position in global logistics.
This year, there have been 215 recorded flag changes in global shipping, exceeding the 200 projected for the entire year of 2024. This indicates that sanctioned vessels are using frequent flag changes to evade sanctions. This phenomenon poses new challenges to international trade and shipping safety, highlighting the urgent need for enhanced international cooperation to address these issues.
