The United States recently signed a new trade agreement with Japan and the Philippines to promote economic cooperation and enhance trade fluidity. However, with the increase in trade, serious congestion in trans-Pacific shipping has emerged, necessitating measures to ensure transport efficiency and ensure mutual benefits for the three countries.
During the 60th anniversary celebration in Singapore, the International Chamber of Commerce advocated for the recovery of global trade, emphasizing the need for countries and businesses to strengthen cooperation. It called for the promotion of open markets, innovation, and sustainable development, while sharing successful experiences to address complex international challenges.
The World Customs Organization (WCO) will hold a technical conference in 2026, bringing together experts and stakeholders from the global customs sector to discuss innovations in customs technology and modernization in management. The conference aims to promote international cooperation and the sharing of experiences, fostering improvements in customs efficiency and transparency.
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.
Ping An Property & Casualty Insurance has signed a cooperation agreement with the Standard P&I Club to launch a comprehensive package for ocean-going vessel insurance, enhancing shipping security capabilities. This strategic partnership aims to provide the shipping industry with comprehensive risk protection by enriching product offerings and improving service quality.
South Africa's economy shows signs of recovery in 2026, driven by manufacturing rebound, rising commodity prices, and controlled inflation. Enhanced cooperation within the 'Global South' diversifies risks, but structural challenges persist, including government debt and state-owned enterprise reform. Sustained recovery hinges on deepening reforms, transforming positive momentum into durable development.
Côte d'Ivoire Customs is committed to environmentally compliant cross-border trade through laws, regulations, institutional cooperation, and risk management. Facing challenges such as inadequate information systems and administrative burdens, future plans include strengthening partnerships, digitalizing communication, and utilizing advance cargo information. This provides a valuable reference for other developing countries.
Cross-border e-commerce sellers should be aware of the risks associated with choosing between ocean bills of lading and forwarder bills of lading. Ocean bills of lading, issued by shipping companies, offer a simpler cargo retrieval process and stronger proof of ownership, suitable for full container load (FCL) shipments. Forwarder bills of lading, issued by freight forwarders, are appropriate for less than container load (LCL) shipments and specific trade terms but carry the risk of destination port agent issues. Selecting the wrong bill of lading can lead to cargo detention and financial loss. Consulting with professional logistics advisors is recommended.
The global supply chain crisis is intensifying, prompting President Biden to take action, signing executive orders and consulting with freight companies for solutions. This article analyzes the causes and impacts of the crisis, outlines the Biden administration's response, and explores the importance of future supply chain resilience. It also touches upon contributions individuals can make amidst this crisis. The challenges include port congestion, labor shortages, and increased demand. Biden's efforts aim to alleviate bottlenecks and improve efficiency. Building a more robust and adaptable supply chain is crucial for long-term economic stability. Simple actions like planning purchases and supporting local businesses can help.
This paper analyzes the main shipping routes from China to the US, including West Coast Express, West Coast Slow, East Coast Express, and East Coast Slow. It details key factors affecting shipping time, such as port congestion, weather conditions, vessel type, peak cargo seasons, and customs clearance efficiency. Furthermore, the paper proposes strategies to optimize shipping time, aiming to provide decision-making references for businesses and ensure goods arrive at their destination on time and safely. This analysis helps businesses navigate the complexities of China-US ocean freight and make informed decisions regarding route and timing.
