Pacific Shipping Sees Recovery in H1 Earnings An Analysis of the Shift from Loss to Profit

Pacific Shipping Sees Recovery in H1 Earnings An Analysis of the Shift from Loss to Profit

Pacific Shipping Company reported a net profit of $30.8 million for the first half of 2023, a significant improvement from last year's losses. The company noted that the recovery of the bulk carrier market and high operational load factors contributed to the positive performance. Looking ahead, the company remains optimistic about the recovery of the shipping market and plans to continue exploring investment opportunities in second-hand vessels. Additionally, in response to the 2020 low-sulfur regulations, the company is assessing compliance strategies.

08/01/2023 Logistics Industry Insights
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Shenzhen Ports Merge Codes Amid Global Trade Expansion

Shenzhen Ports Merge Codes Amid Global Trade Expansion

This article provides a detailed analysis of the port code consolidation at Shenzhen Port and the characteristics of its major areas. Shenzhen Port consists of regions such as Yantian, Nanshan, and Baoan. The port codes for Chiwan and Shekou terminals merged this year to CNSHK, resulting in several operational changes. The article also outlines the commercial characteristics of major port areas in Shenzhen, including Yantian, Shekou, Chiwan, Mawan, Dongjiao Head, and Fuyong, offering businesses valuable references for connection and operation.

07/28/2025 Port Encyclopedia
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US Export Compliance Pricing Procedures and Key Rules

US Export Compliance Pricing Procedures and Key Rules

This article provides a detailed analysis of key aspects of US export, including current price levels, AMS filing for Puerto Rico cargo, door-to-door operation procedures, clarification on chassis split fees, and explanations of important concepts such as AMS, ISF, POA, and BOND number. It aims to offer exporters a practical operational guide, helping them mitigate risks and efficiently complete US exports. The guide covers essential steps and provides insights for smooth and compliant export processes to the United States.

08/22/2025 Logistics Encyclopedia
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Shipping Triflic Anhydride Industry Challenges and Solutions

Shipping Triflic Anhydride Industry Challenges and Solutions

This article details the operational specifications and procedures for full container sea freight export of Trifluoromethanesulfonic Anhydride, covering key aspects such as cargo characteristics, booking and pre-allocation, container loading and transportation, dangerous goods declaration and commodity inspection, customs declaration, port entry inspection, and bill of lading release. It aims to provide professional guidance for relevant practitioners to ensure the safe and compliant sea transportation of dangerous goods. The article covers the entire process from initial preparation to final delivery.

07/01/2025 Logistics Encyclopedia
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Australian Exporters Face Container Shortages Rising Costs

Australian Exporters Face Container Shortages Rising Costs

The current container export business to Australia faces multiple challenges, including booking difficulties, rising costs, and increased operational risks. Equipment shortages lead to booking problems, while rising THC (Terminal Handling Charges) increase operating costs for businesses. Inspection and storage fees are also uncertain. Companies should plan bookings in advance, avoid Bill of Lading amendment errors, and arrange cargo storage reasonably to cope with these challenges. Proactive planning and careful execution are crucial for mitigating risks and minimizing potential losses in this dynamic environment.

08/22/2025 Logistics Encyclopedia
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Yangshan Port Guide for Freight Forwarding Beginners

Yangshan Port Guide for Freight Forwarding Beginners

This article, inspired by a question from a new freight forwarder (acao1979), delves into the operational procedures and key considerations for secondary entry into Yangshan Port. It provides guidance for new freight forwarders on how to quickly develop their skills. The article details essential foundational knowledge, practical experience, communication skills, and a positive learning attitude required for success. It also recommends the Jiyun Baodian forum as a valuable platform for learning and exchanging information with other professionals in the industry.

08/22/2025 Logistics Encyclopedia
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Freight Forwarders Face Customs Challenges at Chinas Yangshan Port

Freight Forwarders Face Customs Challenges at Chinas Yangshan Port

This article addresses common questions faced by novice freight forwarders during customs clearance at Yangshan Port. It provides detailed answers and practical operational advice regarding issues such as closing time, errors in customs declaration data, and voyage information. The aim is to help freight forwarding personnel clear customs efficiently, reduce risks, and navigate the process smoothly. It serves as a helpful guide for those new to handling shipments through Yangshan Port, ensuring a smoother and more compliant customs clearance experience.

08/22/2025 Logistics Encyclopedia
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Key Freight Terms and Cargo Handling in Global Trade Explained

Key Freight Terms and Cargo Handling in Global Trade Explained

This paper delves into critical aspects of freight forwarding practice, including the significance of the Bill of Lading's declared value, the basis for cargo damage claims, the definition of non-containerized shipments, customs clearance procedures, the distinction between 'first release' and 'second release', the concepts of LCL consolidation and cooperative stuffing, and the division of responsibilities between buyers and sellers under DDU terms. It aims to provide practical guidance for professionals in the foreign trade industry, clarifying key operational procedures and liabilities.

08/22/2025 Logistics Encyclopedia
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Beijing Airport Customs Clearance Guide for Export Returns

Beijing Airport Customs Clearance Guide for Export Returns

This article focuses on the issue of export returns, using Beijing Airport as an example. It elaborates on the operational procedures and precautions of export returns from ten aspects: analysis of return reasons, timeliness management, identification of trade methods, export tax rebate processing, subsequent cargo handling, document preparation, foreign exchange management regulations, special cargo declaration, terminal and warehousing selection, and customs broker selection. The aim is to help foreign trade companies efficiently and compliantly handle return matters and minimize losses.

02/21/2025 Customs Knowledge
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Diclofenac Sodium Export Compliance and Safety Guidelines

Diclofenac Sodium Export Compliance and Safety Guidelines

This article details the requirements and operational challenges of Diclofenac Sodium sea freight export, including required documents (MSDS, dangerous goods packaging certificate, customs declaration data), and issues such as shipping company space limitations and dangerous goods packaging certificate processing. It provides corresponding suggestions to help companies safely and compliantly complete dangerous goods sea transportation. Focus is given to ensuring compliance and navigating the complexities of exporting this specific chemical substance by sea, offering practical guidance for businesses involved in this process.

05/31/2024 Logistics Encyclopedia
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