Customs General Administration And Ningbo Shipping Exchange Deepen Cooperation To Promote Global Trade Index Development

Customs General Administration And Ningbo Shipping Exchange Deepen Cooperation To Promote Global Trade Index Development

The General Administration of Customs' Global Trade Monitoring and Analysis Center has signed a memorandum of cooperation with the Ningbo Shipping Exchange to engage in in-depth collaboration in global trade research and index construction. This partnership aims to leverage big data analysis to enhance the responsiveness of trade markets and support the development of both domestic and international trade.

07/28/2025 Logistics
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Distinguishing Between Free Demurrage and Free Detention

Distinguishing Between Free Demurrage and Free Detention

The concepts of free storage period and free container period are crucial in shipping. The free storage period refers to the timeframe during which containers can be stored at the terminal or yard without charge, while the free container period is the duration that the cargo owner can use the container for free. For imports, the common total of free storage and free container periods is 14 days, while for exports, it is usually 7 days.

07/18/2025 Logistics Encyclopedia
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Air Cargo Export Procedures Guide

Air Cargo Export Procedures Guide

This article outlines key air cargo shipping steps: shipper consignment, space booking, customs clearance, and AWB completion, emphasizing seamless communication and coordination. It specifies required documents, precautions, and consolidation procedures to ensure efficient exports.

07/11/2025 Logistics Encyclopedia
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Regional Container Rates Surge Amid Europe Slowdown

Regional Container Rates Surge Amid Europe Slowdown

Latest container data shows a slowdown in freight rate increases on European routes and a decrease on Mediterranean routes, while Pacific and Asian regional routes are performing strongly. Shipping companies may adjust their route layouts, leading to increased competition on regional routes. Freight forwarding companies need to closely monitor market dynamics. The European route's price increase is becoming less significant, while the Mediterranean route is decreasing. The Pacific and Asian routes are showing strength. This shift could lead to a change in shipping company strategies and increased competition within regional routes. Freight forwarders must stay informed.

09/26/2025 Logistics
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