Sri Lanka’s Economic Resurgence: Inflation Dips to 4%, Opening New Avenues for Importers
Introduction In August 2023, Sri Lanka witnessed a noteworthy decline in its key inflation rate, which dropped to 4.0 percent from the previous month's 6.3 percent, as reported by the...
Proposed changes to Vietnam’s in-country export and inport rules: GDC’S latest move
The General Department of Customs (GDC) has recently taken significant steps that could reshape the landscape of in-country export and import transactions in Vietnam. On May 29, 2023, the GDC...
Hapag Lloyd increases rates from Asia to US East Coast
Hapag Lloyd has announced a new General Rate Increase (GRI) / General Rate Adjustment (GRA) from India, Sri Lanka, Pakistan and Bangladesh to the East Coast of the United States....
Maersk increases rates from Asia to North America
Maersk has announced a rate increase from Pakistan, the Middle East, and the Indian subcontinent to North America, namely the United States and Canada. In particular, the FAK rate increase...
CMA CGM announces new rates from Middle East Gulf to North Europe and Med
CMA CGM will apply new Freight All Kinds (FAK) rates from Middle East Gulf ports to all North European, West Mediterranean and North African ports from 21 August and until...
OOCL receives another 24,188 TEU mega container vessel
Orient Overseas Container Line (OOCL) strengthens its vessel fleet by adding another 24,188 TEU container ship, named OOCL Felixstowe and built at the Dalian COSCO KHI Ship Engineering, (DACKS) shipyard....