Specialized news

Korea’s export decline eases in July, down 7% to $42.8 billion

Korea’s export decline eases in July, down 7% to $42.8 billion

Aug 24, 2020
The Ministry of Trade, Industry and Energy announced on August 1 that Korea’s exports in July decreased 7.0 percent to USD 42.8 billion. Imports fell 11.9 percent to $38.6 billion, resulting in a trade surplus of $4.3 billion.
Korea's auto export decline eases in July, domestic sales increase for 6 straight months

Korea's auto export decline eases in July, domestic sales increase for 6 straight months

Aug 21, 2020
The Ministry of Trade, Industry and Energy announced on August 17 that Korea’s automobile output and exports in July decreased 3.8 percent and 11.7 percent, respectively. Meanwhile, domestic sales went up 8.9 percent, increasing for the 6th consecutive month.
Air Cargo Market: Brace for big rate hikes

Air Cargo Market: Brace for big rate hikes

Aug 19, 2020
The air cargo market is building up pricing momentum towards the fourth quarter, putting all-cargo carriers and airlines with cargo-only passenger freighters in a strong position relative to shippers.
CUSTOMS ISSUES ADMINISTRATIVE RULING FOR DOMESTIC WAREHOUSES

CUSTOMS ISSUES ADMINISTRATIVE RULING FOR DOMESTIC WAREHOUSES

Aug 18, 2020
U.S Customs and Border Protection (CBP) has issued an administrative ruling relating to certain imported products delivered to domestic warehouses or fulfillment centers.
New Regulation (EU) 2020/1056 on electronic freight transport information has been published

New Regulation (EU) 2020/1056 on electronic freight transport information has been published

Aug 11, 2020
Based on a proposal from the European Commission, the European Parliament and the Council of the European Union (EU) approved the new Regulation on electronic freight transport information (eFTI), which has been published in the Official Journal of the EU.
Vietnam - dynamic trading partner for the Port of Hamburg

Vietnam - dynamic trading partner for the Port of Hamburg

Aug 11, 2020
Although the corona-related developments will also affect trade between Germany and Vietnam in the current year 2020, for the Port of Hamburg there has been very positive growth in the Vietnam shipping region in the recent past.