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Latest News
China Seeks Carbon Data From Ships as Trading Scheme Grows
Authorities in China have started to ask some overseas shipowners to report on their carbon emissions, highlighting greater scrutiny of the industry as the regulatory framework shifts.
Indian government intervenes to help exporters facing higher costs
Frustrated by high shipping costs, India’s exporters have won some government support – albeit a little belatedly, as supply-demand dynamics have begun to settle.
BOC and PCCI Launch ATA Carnet System in the Philippines
In a significant step for Philippine trade, the Bureau of Customs (BOC) and the Philippine Chamber of Commerce and Industry (PCCI) officially launched the ATA Carnet, also known as the “Passport for Goods,” at The Manila Hotel on July 15, 2024.
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Singapore Port Logjam Lingers as Container Ships Keep Piling In
The logjam that’s been plaguing Singapore’s container port is bringing forward this year’s peak season for the shipping sector, spelling trouble for businesses in the city-state.
The Philippines Joins ATA Carnet System Effective July 15, 2024
PHILIPPINES TO BEGIN ACCEPTING ATA CARNETS
The United States Council for International Business (USCIB) announced that the Philippines joined the ATA Carnet System and will begin accepting carnets effective July 15, 2024. The Philippines is the 91st country/territory to join the ATA Carnet system. The scope of application of the ATA Carnet procedure in the Philippines will cover exhibitions, professional equipment, commercial samples, goods in connection with a manufacturing operation, goods for educational, scientific or cultural purposes, travellers’ personal effects and goods for sports purpose, goods for humanitarian purposes, and even animals.
Containers lost at sea drop to lowest level on record
The World Shipping Council (WSC) has released its annual report on containers lost at sea, showing a significant decrease to 221 containers lost in 2023, the lowest number recorded since the survey began in 2008.
