21/11
2023
As of October 2023, Vietnam's total export and import turnover is estimated to be $557.95 billion, down 9.6% year-on-year. The decline is much less than the double-digit decline in the first half of the year. After a gloomy first half, recent positive results have helped to narrow the decline in export activity.
30/10
2023
Major container carriers Maersk, Hapag-Lloyd, and CMA CGM have recently announced estimated surcharges to comply with the upcoming EU Emissions Trading System (EU ETS) starting January 2023. The EU ETS will apply a cap-and-trade system to reduce maritime emissions for ships trading with Europe.
21/08
2023
Israeli shipping line ZIM reported a net loss of $213 million in the second quarter of 2023, a steep decline from the $1.34 billion profit in the same period last year. The losses reflect the dramatic downturn in the container shipping market in 2023.