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How should one choose a bank channel for Russian remittances? Is VTB Bank reliable and secure? How to balance factors such as arrival speed and handling fee costs to find the most suitable remittance method for oneself?
Mediterranean Shipping Company (MSC) recently announced that it will adjust the port calls of the Far East - US Northwest route Chinook and the Far East - US route Santana to improve transit time and on - time performance.
In January 2023, the customs of China and Costa Rica signed the Arrangement between the General Administration of Customs of the Peoples Republic of China and the Customs Administration of the Republic of Costa Rica on the Mutual Recognition of the Enterprise Credit Management System of the Chinese Customs and the Authorized Economic Operator System of the Costa Rican Customs (hereinafter referred to as the Mutual Recognition Arrangement), and decided to officially implement it from July 1, 2023.
PIL (Pacific International Lines) recently announced the launch of a new weekly direct service KCS from China and South Korea to Southeast Asia, connecting the major ports of China, South Korea, the Strait of Malacca, and Vietnam. The new service links 9 major ports in China, South Korea, Singapore, Malaysia, and Vietnam.
The Ministry of Commerce of China and the General Administration of Customs announced that from September 15, 2024, export controls will be imposed on antimony and super - hard materials. The aim is to balance national security and the stability of the global supply chain. At the same time, it is in line with international practices and is of great significance for the short - term impact on the global industrial chain and the long - term standardized development of the industry.
Due to the rapid decline in the water level along the Rhine River, barge operators have started to levy a Low Water Surcharge (LWS). MSC took the lead in announcing that after the water level of the Rhine River dropped below 150 cm, it would pass on the LWS levied by its barge operator partners for services to and from Antwerp and Rotterdam to customers.
Global Trade Dynamics: Container shipments from Asia to the U.S. decline, European shipping routes face disruptions, and the Shanghai Shipping Exchange releases the latest Shanghai Containerized Freight Index (SCFI). After falling below 1,000 points last week, the index dropped another 45.54 points this week to 934.31, a decline of 4.64%. All four major ocean routes declined, with freight rates from the Far East to the U.S. West and East Coasts dropping by over 13%, showing significant declines.
On May 9, 2023, the U.S. Consumer Product Safety Commission (CPSC) issued a final rule notification regarding updates to the safety standards for bedside cribs. According to the new rule, CPSC will adopt the updated ASTM F2906-23 standard by the American Society for Testing and Materials as the latest mandatory safety standard for bedside cribs. The new rule is expected to take effect on August 5, 2023.
At the International Cross-Border E-Commerce Development Forum of the 40th China Langfang International Economic and Trade Fair, Lü Daliang, spokesperson of the General Administration of Customs and Director of the Department of Statistical Analysis, revealed a new milestone for Chinas cross-border e-commerce. In 2022, Chinas cross-border e-commerce import and export scale exceeded 2 trillion yuan for the first time, a 7.1% increase from 2021, injecting new momentum into Chinas foreign trade development.
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PSB Record: Shanghai No.31011502009912
