By Nick Lung.    Photo：Eda Balcı Yalpur

Recently, Guangzhou Port Co., Ltd. issued an announcement on the establishment of a wholly-owned subsidiary to invest in the construction and operation of the international general terminal project in the Nansha Port Area of ​​Guangzhou Port. The announcement stated that in order to better serve the economic and social development of the hinterland, speed up capacity building, improve the passing capacity of general and container terminals, and accelerate the development of the main port business, Guangzhou Port Co., Ltd. (hereinafter referred to as the ;Company) plans to invest in the construction of Guangzhou Port Nansha port area international general terminal project (hereinafter referred to as the project), the project investment is estimated to be 7.472 billion yuan. Due to future construction market price changes, design deepening, government approval and other factors, the investment estimate may be adjusted. The company set up a wholly-owned subsidiary to invest in the construction and operation of the project. The registered capital of the subsidiary is RMB 1.494 billion, which will be funded by installments in currency. The registered place of the subsidiary is Nansha District, Guangzhou City. The project is located in the downstream of the third phase of Nansha Port Area. According to the Nansha Port Area Planning and Adjustment Plan approved by the Ministry of Transport in 2016, two 150,000-ton and two 100,000-ton general- purpose berths are proposed. Design and construction of berthing 200,000-ton container ships, with a designed annual passing capacity of 10 million tons; build 83,000-ton general inland river barge berths, and the hydraulic structure is designed and constructed according to berthing 5,000-ton inland river barges, with a designed annual passing capacity of 5.5 million ton; build six 3,000-ton container inland barge berths with a designed annual throughput of 500,000 TEU. The annual design passing capacity of this project is 15.5 million tons of general bulk cargo and 500,000 TEU of containers. The construction period of the project is expected to be 3 years.

After the project is completed, it will promote the coordinated development of the port business of Guangzhou Port, optimize the river-sea intermodal transportation pattern in the port area, and enhance the market competitiveness of Guangzhou

Port Co., Ltd. The world's largest shipping company enters the air freight market Mediterranean Shipping Company (MSC), the world's largest container shipping company, announced on Monday that it will launch an air cargo airline next year in partnership with cargo operator Atlas Air to develop air cargo services in the Mediterranean region MSC said the move was in response to customer demand and as a complementary service to its container shipping services. The service will go live early next year after MSC takes delivery of the first of four MSC-branded Boeing 777-200F aircraft.

Soren Toft, Chief Executive Officer of MSC, said: We are delighted to announce that MSC has begun to develop the air cargo business, which is our first step into the air freight market, and we plan to continue to explore various avenues to develop air cargo to complement our core business - Container shipping. According to Alphaliner, MSC is the worlds largest container shipping company, which controls 4.5 million TEU of container shipping capacity, accounting for 17.4% of the world's total capacity. It is worth noting that in recent years, more and more shipping companies have begun to enter the air transport market. Maersk, which operates Star Air as a contract airline for express carriers such as UPS and Royal Mail, has doubled its air cargo volumes this year. It has restructured its business into Maersk Air Cargo to focus on selling air cargo services directly to customers. In addition to this, Maersk Air Cargo has also aggressively pushed to enter the US market, purchasing three new 767-300 freighters from Boeing to operate between Asia and the US. Last year, Maersk leased three more Boeing 767-300 converted freighters and ordered two 777 long-haul freighters from Boeing. Meanwhile, French shipping giant CMA CGM launched an all-cargo airline last year and now has five Airbus A330 wide-body jets. It also ordered four 777 freighters from Boeing, two of which are scheduled for summer delivery. It ordered four A350 superjumbos from Airbus in November and formed a cargo alliance with Air France-KLM in May.

The below is the feedback from China and Southeast Asia branches in week 25,

Shenzhen

Shenzhen Shipping: The space is not tight as close to the long holiday, and the freight rate is still falling. Yantian Terminal still implements ETB-7 days to pick up the container. Due to factors such as the shipping schedule DELAY and the unstable epidemic situation, additional costs have become normalized. Shenzhen air freight: the market volume is not much, the freight rate is the same as last week.

Hongkong

Shipping: Due to the epidemic, transportation through the port is still hindered. Currently, there is a limit for vehicles in the two places, which requires ranking, and needs to be unloaded in the warehouse and then connected by vehicles. The cost is high.

Air Freight: At present, the shipments in the market are weak, so the space is abundant and available and not nervous.

Shanghai

Shanghai Shipping: Although many shipping companies have blank sailing from 10/1 to 10/14, the freight rate continues to drop. It is recommended that guests try their best to arrange shipments before the festival, otherwise the post-holiday shipping schedule will be after 10/14. Air Freight: Due to the long holiday next week, the US freight rate this week is higher than last week. Jiangsu, Zhejiang and Shanghai are not hindered for the time being.

Ningbo

US line prices continue to fall It has been affected by typhoons recently, and the sailing schedule is inaccurate. LCL warehouse entry has returned to normal Truck drivers still need a 24-hour nucleic acid report, green code plus travel code, and some areas need to report or apply for a pass one day in advance.

Xiamen

The Xiamen market continued to be very weak this week, and the market price continued to drop.

Dalian

In terms of transportation, due to the stabilization of the epidemic, drivers entering and leaving the port area have been changed to 48-hour nucleic acid reports. In terms of imports, according to the requirements of epidemic prevention and control, in addition to nucleic acid reports and wearing disposable medical masks, protective clothing is required for delivery. Imported goods need to be cleared before they can be picked up.

Qingdao

1. U.S. prices are still falling, the space is abundant, and the shipping companies

need cargo

2. Drivers still need to provide nucleic acid test certificates within 24 hours, health codes, etc.

3. The LCL warehouse implements an appointment before delivery, and the driver needs to make an appointment in the corresponding APP

4. The cause of the epidemic in Jimo District has not been lifted, and the factory is still in place to be determined.

Tianjin

Air Freight: Unlike the surge in cargo volume before the National Day holiday in previous years, the overall cargo volume did not see significant fluctuations this week. All Nippon Airways (NH)'s US line charter service will be cancelled or suspended in October.

Attached: Announcement on the prohibition of dangerous goods transport vehicles on expressways in the Beijing-Tianjin-Hebei region during the National Day in 2022: In order to ensure the safety of expressway traffic during the National Day in 2022, in accordance with the "Road Traffic Safety Law of the People&;s Republic of China and the Regulations on the Safety Management of Hazardous Chemicals, Beijing Municipal Public Security Bureau Public Security Traffic Administration, Tianjin Public Security Traffic Administration, Hebei Province The Traffic Management Bureau of the Public Security Department has decided to implement restrictions on vehicles transporting dangerous goods from 0:00 on October 1, 2022 to 24:00 on October 7, 2022. The relevant matters are hereby announced as follows:

1. Dangerous goods transport vehicles (including dangerous goods transport vehicles holding the Dangerous Chemicals Road Transport Permit and Highly Toxic Chemicals Road Transport Permit") are prohibited from running on expressways within the administrative region of Beijing.

2. Vehicles for transporting dangerous goods (including those holding the  Voucher for Report on Speed ​​of Motor Vehicles Carrying Hazardous Chemicals at Specified Time and Route", "Voucher for Speed ​​Report on Specified Time and Route of Dangerous Goods Other than the Catalogue of Hazardous Chemicals for Motor Vehicles Carrying Dangerous Chemicals Highly Toxic Chemicals Dangerous Goods Transport Vehicles with Goods Road Transport Permit) are running on expressways within the administrative area of ​​Tianjin.

3. Dangerous goods transport vehicles (including dangerous goods transport vehicles holding Highly Toxic Chemicals Road Transport Permit are prohibited from running on expressways within the administrative region of Hebei Province. announce.

Ocean: LOS ANGELES imports fell sharply, down 16.8% year-on-year and 16.7% lower than July. Los Angeles; performance stands in stark contrast to the blowout data just released by the Port of Savannah, Georgia. Savannah's August import throughput of 290,915 TEU was the highest in the port's history. Savannahs August imports rose 15.6% from July, 14.7% from the previous record in May, 20% from a year earlier, and 34% from August 2019 (pre-pandemic). Shipping prices continued to fall, and a small-scale liquidation was finally ushered in before the long holiday.

Thailand

Gradually adjusting the US policy interest rate fiercely became a pressure on regional currencies. Including the baht depreciated continuously. Monetary Policy

Committee (MPC) resolved to raise the policy rate by 0.25%. This takes immediate effect, sending the policy rate to 1 percent from 0.75% previously, to control inflation and solve the problem of the weak baht. Such factors have caused many commercial banks to announce their rate hikes deposit interest and subsequent loans on Oct.

Thailand Export movement :-

- Agricultural Products

Top 5 products – Rubber, Rice , Cassava product, Fruit & Dry fruit, processed chicken.

Top 5 Countries – China, Japan, USA, Malaysia , Iraq

- Agro-industrial products

Top 5 products – Sugar, canned and processed seafood, pet food, canned and

processed fruit, beverage

Top 5 countries – USA, Indonesia, Japan, China, Cambodia

- Industrial product

Top 5 products – Automobile equipment and components, Computers. Equipment

and components, rubber product, Gems and jewelry, plastic resin

Top 5 countries – USA, China, Japan, Vietnam , Australia

Vietnam

1/ WTO: A sharp drop in global trade raises recession risks Global trade could plummet next year due to high energy prices, rising interest rates and hostilities, thereby increasing the risk of a recession. Commodity demand spiked in late 2020 as economies recovered from Covid-19.

This causes commodity trading in 2021 to skyrocket. But for now, signs of slowing trade have emerged in Asia and Europe. Shipping costs have plummeted in recent months. The main factor behind this could be a drop in demand for the commodity.

2/ Proposing to establish a waterway container transport route from Hai Phong port to Bac Ninh The Department of Inland Waterways has proposed to choose a model container shipping route in the North from Hai Phong seaport to ICD Tan Cang Que Vo (Bac Ninh) - a major logistics center in the region. The total length of the transport route is 115 km This inland waterway transport route is proposed because the actual demand for container transport from Hai Phong to Bac Ninh and neighboring provinces is very large. This is a potential market for the development of the logistics industry, in which the transport route from Hai Phong seaport to Bac Ninh and neighboring provinces is the life-line.

3/ Việt Nam has set an objective to build up its merchant fleet to handle as much as 20 per cent of the country's exports by the year 2030. The main goals included the development of a modern fleet, improvement of efficiency and quality and greater integration into the international market. The short-term focus was to build up a fleet of container ships for the Asia-Pacific region, with an objective to gain operational experience and set the foundation for long-distance routes in the future.

4/ Việt Nam to impose temporary anti-dumping duties on Chinese tables, chairs According to the ministry, the investigated table and chair imports from China have increased significantly compared to domestic consumption and production, causing damage to domestic production. The decision also mentioned table and chair products from Malaysia, which are exempted from temporary anti-dumping duties as the volume of investigated imports is not big enough (below 3 per cent).

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