Bangladesh's man-made fiber clothing market will be larger than cotton in the next few years
26 April 2023
Bangladeshs garment industry is the countrys main export sector and one of the largest garment producers in the world. However, a recent report by the Research and Policy Integration for Development (RAPID) indicates that in the coming years, the market for synthetic fiber clothing will continue to grow faster than the cotton market, which means that Bangladeshs garment industry must adapt to this market change. In 2021...
CMA CGM to adjust surcharges on routes from Asia to Northern Europe
April 23, 2023
Daimler recently announced that it will adjust additional charges on its Asia-Northern European routes, including overweight charges and additional charges on dangerous goods. $150 will be charged for goods shipped to Northern Europe, Scandinavia, Poland and the Baltic Sea from Northeast Asia, Southeast Asia, China and Hong Kong and Macao, if the container’s total weight is equal to or greater than 20 tons of 20 foot dry containers.
A number of shipping companies have opened the Far East—St. Petersburg route to fill the market gap
21 April 2023
Amidst global political instability, U.S. sanctions against Russia have led to the suspension of operations by numerous global shipping companies, and shipping routes from China to Russia have also been affected. Although many container shipping companies, such as Maersk, have successively withdrawn from the Russian shipping market, some shipping companies are shifting their focus to the China-Baltic route. In this situation, multiple...
Revisions to international standards for phytosanitary measures adopted
19 April 2023
On March 28, 2023, the 17th session of the Commission on Phytosanitary Measures (CPM) adopted amendments to existing international standards for phytosanitary measures. These amendments aim to strengthen the phytosanitary regulation of trade in plants and plant products to reduce the spread of pests and diseases and protect global plant health. The main contents of the amendments include revisions to some phytosanitary terms in ISPM 5...
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