Surcharge from Shipping Lines
July 4, 2008
Date: 2 July 2008
Shipping lines running the Taiwan — Hong Kong/South China trade announced that from July 1 they would levy a new surcharge of RMB400 per TEU to be collected from consignees in South China, regardless of whether the freight had already been prepaid in Taiwan.
Shipper organizations in Shenzhen, Hong Kong and Macau have called on their members to reject this. Toland Lam, executive chairman of the Shenzhen Shippers’ Association, said, ‘South China shippers are very angry with shipping lines’ action, which is totally unjust. Shippers will reject the charge.’
Hong Kong Shippers’ Council chairman Willy Lin said the emergency bunker surcharge ‘violated international shipping practices’ and would not be accepted.
The shipping lines involved comprise most of the carriers on the trade, leaving shippers with no choice of taking their business elsewhere. The annual volume on the trade is estimated to be around one million TEUs, and the shipper’s organization estimate that the lines will pocket $56 million from shippers in Hong Kong and South China.
Source: CargoNews Asia
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China Logistics Industry 2007-2008
July 4, 2008
China’s total value of logistics in 2007 reached CNY75.2282 trillion, up 26.2% year on year, boosted by continuous rapid growth in China’s economy. According to the conservative estimation by the China Federation of Logistics and Purchasing, China’s logistics industry is expected to have a compound annual growth rate of 16 percent in the forthcoming three years.
In 2007, the added value of China logistics industry was CNY1.7 trillion, up 20.3% year on year, accounting for 17.6% of the total of China service industry and 6.9% of China’s GDP.
Source: China View
In 2007, China’s total cargo transport volume was 22.53 billion tons and its turnover volume of freight transport was 10.1 trillion tons/kilometers, up 10.7% and 11.8% year on year respectively. As for the distribution by modes of transportation, water transportation occupied 67 percent of China’s turnover volume of freight transport, railway transportation 22.5 percent, road transportation 10.5% and aviation transportation 0.1 percent.
This report is based on the authoritative statistics from the China Federation of Logistics and Purchasing, the National Development and Reform Commission, the Logistics Association of China, the China Auto Logistics Association of CFIP, the General Administration of Customs, the State Information Center, and the National Bureau of Statistics. The report makes an in-depth analysis on the current situation, segmented markets and main companies of China’s logistics industry, and also makes the forecasts on the development trend of China’s logistics industry in 2008
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