As the largest third-party quality control organization globally, SGS plays a crucial role in export regulation in developing countries across Africa and Asia through its Comprehensive Inspection Before Shipment (CISS) program. By implementing thorough inspections, SGS aids companies in streamlining customs processes and promotes compliance with international trade standards.
In July 2024, China's export container transportation market showed stable improvement with an overall increase in freight rates, as the freight index for major routes generally rose. Despite ongoing challenges affecting the European and North American markets, port throughput has been trending upwards, and the ship leasing market remains active, demonstrating the resilience and potential of the container shipping market.
Recent data shows that the comprehensive export container freight rates have risen for six consecutive weeks, reaching the highest level since September 2022. At the same time, the U.S. has implemented new tariffs on certain goods from China, with increases ranging from 25% to 100%, presenting both opportunities and challenges for the export market. Companies need to respond flexibly and optimize their strategies.
