Hutchison Port Holdings Group Achieves Significant Milestone with Container Throughput Exceeding 200 Million Teus

Hutchison Port Holdings Group Achieves Significant Milestone with Container Throughput Exceeding 200 Million Teus

Hutchison Port Holdings Group (HPH) recently announced that its total container throughput in Hong Kong has surpassed 200 million TEU, highlighting its industry-leading position. In the face of global economic challenges, HPH plans to invest $1.8 billion to enhance its equipment and operational standards. Although throughput data for Hong Kong's ports has fluctuated, the number of transshipment goods remains competitive. There is a need to accelerate terminal construction to meet the demands of super-sized cargo ships, ensuring the sustainable development of the industry.

07/21/2025 Logistics
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Unveiling The Calculation Method For Billing Weight In Maritime Cargo

Unveiling The Calculation Method For Billing Weight In Maritime Cargo

This article provides a detailed explanation of the calculation method for billing weight in ocean freight, highlighting the differences between containerized and LCL (Less than Container Load) shipments. It clarifies the definition of billing tonnage and its calculation method, emphasizing the impact of choosing between actual weight and volume on transportation costs. The aim is to help clients understand the transparent standards and fair principles of ocean freight pricing.

07/17/2025 Logistics Encyclopedia
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Maersk Simplifies VGM Submission Process for Shippers

Maersk Simplifies VGM Submission Process for Shippers

This article details the steps for submitting VGM (Verified Gross Mass) on the Maersk platform. It clarifies the scope of personnel authorized to submit VGM and provides relevant links for further information. The aim is to help users complete VGM submissions efficiently and accurately, ensuring the safety of cargo transportation. It covers the process, authorization, and resources available for VGM submission via Maersk.

09/28/2025 Logistics Encyclopedia
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MPC Container Ships Posts Strong Q1 2025 Amid Strategy Revamp

MPC Container Ships Posts Strong Q1 2025 Amid Strategy Revamp

MPC Container Ships delivered a strong performance in Q1 2025, supported by ample charter orders and solid profitability. The company is actively pursuing fleet renewal and sustainability strategies, including the delivery of its first dual-fuel vessel and optimization of its capital structure. Despite geopolitical and macroeconomic challenges, the container market remains resilient. MPC demonstrates its ability to navigate market fluctuations and capitalize on growth opportunities through strategic positioning and effective execution.

11/03/2025 Logistics Industry Insights
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CBP Alerts Importers to New Tariff Rules on Transshipment

CBP Alerts Importers to New Tariff Rules on Transshipment

CBP's updated policy on mother port transshipment specifies that certain goods must be shipped by specific deadlines to qualify for in-transit exemptions and a 10% countervailing duty. This change may result in higher tariffs and retroactive fees for many importers, necessitating careful handling of related declarations.

05/20/2025 Customs Knowledge
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Guide to Export Returns Procedures Docs and Tax Rules

Guide to Export Returns Procedures Docs and Tax Rules

This article details the process, required documents, and tax & foreign exchange handling for returned exported goods. It provides solutions for specific scenarios, aiming to help businesses efficiently and compliantly manage return shipments, minimize economic losses and operational risks, and ensure a smooth return process. The article covers key aspects of export returns, including documentation requirements, customs procedures, and relevant regulations, providing practical guidance for businesses navigating this complex area of international trade.

08/23/2025 Customs Knowledge
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US Importers Face Fines Without Proper ISF Filing

US Importers Face Fines Without Proper ISF Filing

Understanding the Importer Security Filing (ISF) is crucial for every importer, as it is an essential document for ensuring smooth customs clearance and avoiding hefty fines. By mastering the detailed information required for the ISF and ensuring timely submissions, your trade transactions will proceed more smoothly.

08/08/2025 Logistics Encyclopedia
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Exploring Key Elements of the New Customs Declaration: The Significance of Consignors and Production Sales Units

Exploring Key Elements of the New Customs Declaration: The Significance of Consignors and Production Sales Units

In the new customs declaration form, the definitions and reporting requirements for consignees, consignors, and production and sales units are crucial. The consignee and consignor must be legally registered entities, ensuring they are party to the foreign contract. In special cases, the contract executing entity must be specified. The production and sales unit must report the organization that actually participates in the production or sale of goods to ensure accurate information.

07/21/2025 Customs Knowledge
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