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Tag: shipping

Retail Asia06/03/2023
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Logistics

Sea shipping costs dip amid sliding demand

6min0
Sea shipping costs have plunged by over 80% from the previous peak as consumption has dropped amid inflation concerns. Tran Lam Son, CEO of wood and furniture exporter Thien Minh, said that shipping a container to Europe now costs around $1,700, down nearly 92% from the peak of $20,000 a couple of years ago. The […]
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Retail Asia16/12/2022
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Logistics

Vietnam poised for record trade

1min0
Vietnam’s foreign trade is set to exceed US$700 billion this year, the highest ever, the customs department said. It has risen steadily from $500 billion in 2020 and $600 billion last year. In the first 11 months exports rose bviy 13.4% from a year earlier to $342.2 billion, and imports were up 10% to $331.6 […]
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Retail Asia17/08/2022
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Logistics

FedEx to expand operations at Guangzhou hub

2min0
FedEx Express announced last week it has signed an agreement with Guangdong Airport Authority Logistics Company to expand and upgrade the FedEx Guangzhou Gateway by establishing a new operations center at Guangzhou Baiyun International Airport. The new ‘FedEx South China Operations Centre’ will cover an area of over 41,000 square metrers, more than double the […]
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Retail Asia03/08/2022
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Logistics

Shipping firms report double-digit growth

3min0
Shipping companies have had one of their best quarters in years with most reporting double-digit growth thanks to high rates. Vinalines, the country’s biggest shipper, saw a near doubling of its profits year-on-year to VND1.43 trillion (US$61.19 million) in the second quarter. Private player Gemadept reported an 87 percent increase in profits to VND334 billion, […]
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Retail Asia03/11/2021
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Logistics

Shipping firms post profit surge

3min0
Many shipping companies have posted a year-on-year surge in profits in Q3, driven primarily by higher freight rates. The Vietnam Maritime Corporation (VIMC) has recorded third-quarter revenues of VND4.127 trillion ($179.4 million), up 71 percent year-on-year, and profits of VND760 billion, compared to nearly VND30 billion in losses during the same period last year. The […]
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Retail Asia06/09/2021
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General

Hanoi to restrict motorbike shipper timings

1min0
Hanoi will restrict motorbike shippers’ timings to between 9 a.m. to 8 p.m. every day, starting Monday, while requiring continued compliance with all pandemic prevention and safety measures. All shippers, accordingly, will have to furnish a certificate with negative PCR or rapid antigen test results in line with health ministry regulations. The timing restrictions are […]
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Retail Asia11/07/2021
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Logistics

Foreign shipping lines impose irrational fees

5min0
Foreign shipping lines have irrationally imposed several fees and created headaches for domestic exporters, an inspection team has concluded. The Vietnam Marine Administration has reported the findings to the Transport Ministry. The inspection team studied the practices of 10 foreign shipping lines – MSC, OOCL, CMA – CGM, Hapag – Lloyd, ONE, Evergreen, HMM, Maersk […]
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Retail Asia19/07/2019
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Logistics

The Battle is on for fastest shipping worth fighting?

5min0
Consultancy firm AlixPartners has challenged whether the battle to deliver the fastest shipping is worth fighting, following Amazon’s move to free one-day shipping for Prime members from the two-day norm. The firm’s Home Delivery Shopping Survey this year found that US customers are willing to wait up to 4.3 days to receive an item if they get […]
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Retail Asia29/05/2019
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E-Tailing

EBay still dominates online shopping in Australia

3min0
Australian consumers largely prefer to use international online marketplaces, despite increasing investment by local retailers in the space, according to new data from discounts platform CupoNation. According to the data, four out of the top five most visited retail websites in Australia were dominated by international and domestic offers by US-based retailers eBay and Amazon. […]
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Retail Asia29/05/2019
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E-Tailing

EBay orders Shipped Faster

3min0
New data from Juniper Research predicts consumer interaction with chatbots in retail will reach 22 billion by 2023. The figure represents a sharp increase over an estimated 2.6 billion interactions this year. According to the new research report “AI in Retail: Segment Analysis, Vendor Positioning & Market Forecasts 2019-2023”, chatbots in retail will enable effectively automated […]
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Retail Asia25/02/2019
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E-Tailing

JD.com and Rakuten to collaborate on drone delivery

4min0
Chinese online retailer JD and Rakuten, the Japanese e-commerce firm, will collaborate on developing unmanned delivery solutions in Japan. According to a new agreement signed between JD and Rakuten, JD’s drones and autonomous delivery robots will be used in Rakuten’s unmanned delivery services, which the firm launched in 2016. The two companies will collaborate on […]
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Retail Asia19/02/2019
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Logistics

Kerry Logistics expands e-commerce fulfilment through E-Services Group JV

4min0
Hong Kong-based Kerry Logistics is expanding its e-commerce fulfillment capabilities through a joint venture with Asian e-commerce specialist E-Services Group. Their joint venture, Kerry ESG (HK) Company Limited, will combine Kerry Logistics’ global supply chain capabilities with ESG’s technology platform, global marketplace networks, and e-commerce expertise to offer etailers cost-efficient solutions internationally. ESG, founded in […]
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Retail Asia24/10/2018
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Logistics

GreyOrange installs advanced Sorters across Asia from Saudi Arabia to the Philippines ahead of world’s busiest shopping days

4min0
Robotics and warehouse automation company GreyOrange announced plans for the installation of its newest Linear Sorters in several locations across Asia; in Saudi Arabia, India and the Philippines. Equipped with advanced software, these high-speed Linear Sorters will deliver the flexibility and scalability required by retail, FMCG, e-commerce and third-party logistics(3PL) operators to manage high volumes […]
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Retail Asia17/04/2018
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Logistics

UPS announces new innovations to Marketplace Shipping solution

4min0
Earlier this week, UPS heralded the most recent additions to its Marketplace Shipping offering, which it described as a technology solution that enables merchants to view, process, and ship orders from various e-commerce marketplaces and online stores through a single online interface. UPS introduced marketplace shipping four years ago to provide customers with a simple option for getting their […]
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