BEIJING (AP) China’s November exports accelerated but import growth slumped in a sign the recovery of the world’s second-largest economy might be slowing.
Exports surged 12.7 percent over a year earlier to $202.2 billion, up from October’s 5.6 percent expansion, trade data showed Sunday.
Imports rose 5.3 percent to $168.4 billion, but that growth was down from the previous month’s 7.6 percent.
China’s economic growth rebounded in the three months ending in September to 7.8 percent after plunging to a two-decade low the previous quarter. But forecasters have warned that was likely to be temporary and growth would fall back late this year or early in 2014.
The rebound was driven by a government mini-stimulus based on higher spending on building railways and other public works.
Chinese leaders are trying to guide the economy to slower, more sustainable growth based on domestic consumption instead of exports and investment. An unexpectedly sharp decline raised the risk of politically volatile job losses and prompted them to reverse course temporarily to prop up growth.
The relative strength in November exports should help to reassure communist leaders who faced the prospect of job losses in trade-dependent industries due to weak global demand.
Slower Chinese growth and weaker demand would have global repercussions for suppliers of raw materials, technology and consumer goods.
The import slowdown caused China’s global trade surplus to widen by 73 percent to $33.8 billion over a year earlier, one of its widest trade gaps this year.
China’s trade surplus with the 27-nation European Union was $10.2 billion, while that with the United States was $22.4 billion.
General Administration of Customs of China (in Chinese): www.customs.gov.cn
By Jim Dickeson | 6 December 2013
Another great question from a loyal reader:
We ve recently been approached by a potential US customer who is a sales distributor and would like to purchase our ITAR controlled product that they will then forward to a South American country. This US sales distributor is applying for the export license and they asked us for our shipping address so that they can give it to their freight forwarder. When I clarified with them, they said they will have their freight forwarder pick up the items and ship directly to the South American country. We ve never actually done anything like this before and can t help but be cautious about what are liability is in this transaction because although they are the exporter, the items will never touch their hands. I would think that the US customer is taking a bigger risk by putting all their faith in their freight forwarder as well as us.
Any words of wisdom would be appreciated! Thank you!
So our reader is selling to a customer in the US, the distributor. That distributor is going to be the exporter, apply for the license and have their freight forwarder move it from our reader s location directly for export.
Our reader doesn t have to deliver to the distributor s location. The goods don t actually have to touch their hands. That would be impractical, more expensive, and time consuming. The distributor is to be shown as the United States Principal Party in Interest (USPPI) on the Electronic Export Information (EEI). But the freight forwarder still has to know where to pick up the cargo.
But, more importantly, US Census regulations require that the EEI shows the state where the cargo begins its journey, and this may be different from the distributor s location. This is, at least in part, because the export value that must be declared on the EEI must include the US inland freight and loading on board the exporting carrier. Essentially, regardless of a seller s terms of sale, Census wants the equivalent of FOB.
Another way to look at it is what s important to Census and the ITAR is not so much how the cargo moves or if it stops or not at the exporter s location. What s important is the financial transaction who sells to who, and who that who sells to.
Still, I can understand our reader s concern. So I would suggest that, either in the sales contract, or in a separate certificate, the distributor certify that they will be the USPPI and exporter, and take full responsibility for complying with all export compliance and licensing obligations.
And it very well may be that the distributor is taking a risk by putting their faith in their freight forwarder. But don t we all anyway? And don t we strive to use a freight forwarder that knows what they are doing? And if the distributor doesn t use a good forwarder, it s the distributor s problem, especially if our reader has that above certification from them.
The information provided on the Import Export Geeks web site is for general information about our products and should not be considered legal or professional advice. Access and use of this web site does not create, nor does it intend to create, a client-consultant relationship. Should such services be desired, please contact Import Export Geeks directly.
In the third quarter of 2013, total port cargo throughput increased by 1% compared with a year earlier to 69.9 million tonnes.Within this total, inward port cargo increased by 3% to 41.5 million tonnes, while outward port cargo decreased by 3% to 28.4 million tonnes.
For the first nine months of 2013, total port cargo throughput decreased by 1% compared with a year earlier to 201.1 million tonnes. Within this total, inward port cargo increased by 1% to 117.8 million tonnes, while outward port cargo decreased by 3% to 83.3 million tonnes.
On a seasonally adjusted quarter-to-quarter comparison, total port cargo throughput increased by 2% in the third quarter of 2013.Within this total, inward and outward port cargo increased by 3% and 1% respectively.The seasonally adjusted series enables more meaningful shorter-term comparison to be made for discerning possible variations in trends.
Within port cargo, seaborne cargo decreased by 2% compared with a year earlier to 47.6 million tonnes, while river cargo increased by 6% to 22.3 million tonnes in the third quarter of 2013.
Within inward port cargo, imports and inward transhipment increased by 6% and 1% in the third quarter of 2013 compared with a year earlier to 21.1 million tonnes and 20.4 million tonnes respectively.For outward port cargo, exports (including domestic exports and re-exports) decreased by 8% compared with a year earlier to 8.7 million tonnes, while outward transhipment recorded virtually no change at 19.7 million tonnes.
Within port cargo, seaborne cargo decreased by 5% in the first nine months of 2013 compared with a year earlier to 136.5 million tonnes, while river cargo increased by 8% to 64.5 million tonnes.
Within inward port cargo, imports increased by 4% in the first nine months of 2013 compared with a year earlier to 58.7 million tonnes, while inward transhipment decreased by 2% to 59.1 million tonnes.For outward port cargo, exports and outward transhipment decreased by 2% and 4% compared with a year earlier to 26.5 million tonnes and 56.8 million tonnes respectively.
The detailed port cargo statistics are summarised in Table 1.
The main countries/territories of loading of inward port cargo and countries/territories of discharge of outward port cargo are shown in Table 2 and Table 3 respectively.
Comparing the third quarter of 2013 with the third quarter of 2012, double-digit increases were recorded in the tonnage of inward port cargo loaded in Malaysia (+30%), the mainland of China (+15%) and Japan (+10%).On the other hand, double-digit decreases were recorded in the tonnage of inward port cargo loaded in Korea (-35%), Singapore (-18%), Vietnam (-16%), the United States of America (-11%) and Taiwan (-11%).For outward port cargo, a double-digit increase was registered in the tonnage discharged in Vietnam (+23%).On the other hand, double-digit decreases were recorded in the tonnage of outward port cargo discharged in Singapore (-22%), Taiwan (-17%) and the Philippines (-17%).
Comparing the first nine months of 2013 with the same period in 2012, double-digit decreases were recorded in the tonnage of inward port cargo loaded in Malaysia (+13%) and the mainland of China (+11%).On the other hand, double-digit decreases were recorded in the tonnage of inward port cargo loaded in Korea (-32%) and Singapore (-14%).For outward port cargo, a double-digit decrease was registered in the tonnage discharged in Singapore (-12%).
The principal commodities of inward and outward port cargo are shown in Table 4 and Table 5 respectively.
Comparing the third quarter of 2013 with the third quarter of 2012, double-digit changes were recorded in inward port cargo of stone, sand and gravel; metalliferous ores and metal scrap; and pulp and waste paper (+32%), iron and steel (-10%) and artificial resins and plastic materials (-19%).As for outward port cargo, double-digit changes were recorded for logs and timber; wood, simply worked (+44%) and artificial resins and plastic materials (-14%).
Comparing the first nine months of 2013 with the same period in 2012, double-digit changes were recorded in inward port cargo of stone, sand and gravel; metalliferous ores and metal scrap; and pulp and waste paper (+22%) and artificial resins and plastic materials (-13%).As for outward port cargo, double-digit changes were recorded for logs and timber; wood, simply worked (+24%), iron and steel (-10%) and artificial resins and plastic materials (-13%).
In the third quarter of 2013, the port of Hong Kong handled 5.8 million TEUs of containers, representing a decrease of 1% compared with a year earlier.Within this total, laden containers recorded virtually no change at 5.0 million TEUs, while empty containers dropped by 9% to 0.8 million TEUs.Among laden containers, inward containers increased by 2% to 2.5 million TEUs, while outward containers dropped by 2% to 2.5 million TEUs.
In the first nine months of 2013, the port of Hong Kong handled 16.5 million TEUs of containers, representing a decrease of 5% compared with the same period in 2012.Within this total, laden containers dropped by 4% to 14.3 million TEUs, while empty containers also decreased by 14% to 2.3 million TEUs.Among laden containers, inward containers decreased by 3% to 7.2 million TEUs, while outward containers also dropped by 5% to 7.0 million TEUs.
On a seasonally adjusted quarter-to-quarter comparison, laden container throughput increased by 2% in the third quarter of 2013.Within this total, inward laden containers increased by 5%, while outward laden containers recorded virtually no change.
Seaborne laden containers recorded virtually no change in the third quarter of 2013 compared with a year earlier at 3.7 million TEUs, while river laden containers increased by 1% to 1.3 million TEUs.
Within inward laden containers, imports and inward transhipment increased by 1% and 2% in the third quarter of 2013 compared with a year earlier to 0.7 million TEUs and 1.8 million TEUs respectively.For outward laden containers, exports decreased by 7% to 0.7 million TEUs, while outward transhipment recorded virtually no change at 1.8 million TEUs.
In the first nine months of 2013, seaborne and river laden containers decreased by 5% and 1% compared with the same period in 2012 to 10.7 million TEUs and 3.6 million TEUs respectively.
Within inward laden containers, imports and inward transhipment decreased by 3% and 2% in the first nine months of 2013 compared with a year earlier to 2.1 million TEUs and 5.2 million TEUs respectively.For outward laden containers, exports and outward transhipment decreased by 7% and 5% to 2.0 million TEUs and 5.0 million TEUs respectively.
The detailed container statistics are summarised in Table 6.
Port cargo and laden container statistics are compiled from a sample of consignments listed in the cargo manifests supplied by shipping companies and agents to the C&SD.
Comparing the third quarter of 2013 with the third quarter of 2012, the number of ocean vessel arrivals decreased by 5% to 7 290, with the total capacity increasing by 2% to 104.3 million net registered tons.The number of river vessel arrivals decreased by 2% to 39 700, with the total capacity also decreasing by 6% to 26.7 million net registered tons.
Comparing the first nine months of 2013 with the same period in 2012, the number of ocean vessel arrivals decreased by 3% to 22 220, with the total capacity recording virtually no change at 308.5 million net registered tons.The number of river vessel arrivals decreased by 3% to 116 530, with the total capacity increasing by 1% to 80.5 million net registered tons.
The statistics on vessel arrivals in Hong Kong are given in Table 7.
Vessel statistics are compiled by the Marine Department primarily from general declarations submitted by ship masters and authorised shipping agents.Pleasure vessels and fishing vessels plying exclusively within the river trade limits are excluded.
Source: HKSAR Government
News from JOC
Intermodal Shipping: Building a Better Intermodal Ride1
Maersk Line and BNSF offer day-definite intermodal delivery from Los Angeles to five inland destinations
Maersk Vows to Defend Market Share Gains4
Maersk Line will not allow its renewed focus on profitability rather than cargo volume to eat into the significant gains in market share it achieved in 2011, the carrier said on Monday.
Cosco, China Shipping Consider More Vessel Sharing Pacts5
Cosco Container Lines and China Shipping Container Lines are looking to expand their vessel sharing agreements on China coastal and intra-Asia trade lanes to other routes, said Capt. Wei Jiafu, chairman of the Cosco Group.
Truck Volume Forecast to Grow 3.9 Percent in 20126
The trucking industry will outperform the U.S. economy this year, with truck freight growing 3.9 percent, greater than overall GDP, according to FTR Associates.
Asia-Pacific Airlines’ Freight Traffic7
Asia-Pacific based airline traffic in calendar 2011 declined 4.8 percent year-over-year as freight capacity inched ahead 0.1 percent. In contrast, January 2012 traffic plunged 13.7 percent and capacity declined 5.3 percent. The calendar 2011 cargo load factor was 66.6 percent, off 3.4 percentage points year-over-year, while January’s cargo load factor was 65.3 percent, off 5.7 percentage points year-over-year.
Chinese Manufacturing Expands on Export Order Rise9
Chinese manufacturing in February expanded at the fastest pace in five months, as export orders surged after a production lull caused by Lunar New Year celebrations.
Indonesia Poised for Major Logistics Growth 10
Indonesia will see rapid growth in logistics demand this year but needs huge investment in transport infrastructure to realize its true potential, according to one leading analyst.
Saudi Airlines Cargo to Fly to Saigon11
Saudi Airlines Cargo will launch a twice-weekly B747 freighter service to Saigon, Vietnam, on March 25, linking the Southeast Asian country to the Middle East and Frankfurt, Germany.
- ^ Intermodal Shipping: Building a Better Intermodal Ride (cl.s4.exct.net)
- ^ Logistics: Helping Shippers See More Clearly (cl.s4.exct.net)
- ^ Trucking: The Road to the Ocean (cl.s4.exct.net)
- ^ Maersk Vows to Defend Market Share Gains (cl.s4.exct.net)
- ^ Cosco, China Shipping Consider More Vessel Sharing Pacts (cl.s4.exct.net)
- ^ Truck Volume Forecast to Grow 3.9 Percent in 2012 (cl.s4.exct.net)
- ^ Asia-Pacific Airlines’ Freight Traffic (cl.s4.exct.net)
- ^ UASC Seeks Second GRI on Asia-Europe Trade (cl.s4.exct.net)
- ^ Chinese Manufacturing Expands on Export Order Rise (cl.s4.exct.net)
- ^ Indonesia Poised for Major Logistics Growth (cl.s4.exct.net)
- ^ Saudi Airlines Cargo to Fly to Saigon (cl.s4.exct.net)
I m a little scared for the future of the modern jazz trio The Bad Plus. Not that there s anything wrong with them at the moment. Their last two albums were the sturdiest of their career and their live shows continue to dazzle. All three members are allowed to indulge themselves in various projects outside of the band. Drummer Dave King has two solo albums and now two albums under the name of his other band, the Dave King Trucking Company. It s this 2013 release, Adopted Highway, that threatens to bury the legacy of The Bad Plus like it s nothing. The music within this album is so weird and alluring that Ethan Iverson and Reid Anderson are really going to have to pull off a miracle with King in the studio next time to top it.
Dave King s main thing these days is welding Midwestern American roots music to jazz. Most of the band has ties to the Midwestern America, which helps make quick work of King s ambitions. The only odd man out is Chris Speed on tenor saxophone, who comes from New York. Anyone who has more than one recording featuring Speed already knows that the guy can play just about anything. Rounding out the Trucking Company are Erik Fratzke on electric guitar, Adam Linz on bass and Brandon Wozniak offering another tenor sax to give Speed the push and pull the band needs. King wrote five of the seven tracks, but you d be mistaken to believe that they are all rhythmically driven. The opening bars of Adopted Highway let you know that this is not a head-bobbing album. I Will Live Next to the Wrecking Yard right away finds King refusing a groove rather than embracing it. The meter and the downbeat shift almost constantly, yet Fratzke and Linz are right there with him the whole time. Speed and Wozniak are somehow able to play a melody over this thing.
But King also composed This Is a Non-Lecture , a song that grows into something too abstract and mysterious to sound like it came from the drummer s chair. I say this because at one point, about two minutes into the track, everything goes silent. Then Erik Fratzke begins to make an absolute racket as King gently brushes his cymbals. At times Fratzke s instrument doesn t even sound like an electric guitar. Fratzke has his own contribution at the end, Bronsonesque , an intentionally clumsy swing that hangs on two very blue notes. Adopted Highway can also play with your sense of harmony, as it does on Ice Princess . Chris Speed and Brandon Wozniak work King s theme in a particular key. Union arpeggios set the scene for a very unusual modulation to occur in the middle of a melody. And this is about hockey groupies?
But Adopted Highway is not an album that keeps listeners at a distance. There is something much more engaging going on with this music, a finger emerging from the polyrhythms and acrobatic melodies beckoning you to step inside and see what it s all about. If Dave King and his band would have made a terribly pretentious album, I wouldn t be concerned about The Bad Plus s future. But that s not what happened here.
Dave King Trucking Company — Adopted Highway
A father in Georgia was arrested, jailed and charged with theft after he plugged his electric car into an exterior outlet at his son’s school for a quick charge totaling about five cents worth of “juice.” WXIA’s Doug Richards reports.
By Daniella Silva, NBC News
A Georgia man found himself in handcuffs after charging his electric car outside a middle school where his son was playing tennis in what police alleged was unlawful theft of county power worth roughly five cents.
Kaveh Kamooneh, of Decatur, said he was attending a Saturday morning tennis practice session for his 11-year-old son on Nov. 2 when he plugged in his electric car at a power outlet outside Chamblee Middle School.
Kamooneh, 50, said he was alarmed when, soon after, he saw a police officer inspecting his Nissan LEAF.
According to a report from the Chamblee Police Department, an officer responded to a called complaint of the white Nissan LEAF left parked and charging at the school. In the police report, the officer said he could not find the vehicle s owner but found the car doors unlocked and picked up a piece of mail on the car floor showing a Decatur address.
He told me he was going to arrest me for theft, Kamooneh said, who said he charged his car for roughly 20 minutes. Clean Cities Atlanta, an electric vehicle advocacy group, says that is roughly the equivalent of a nickel’s worth of electricity, WIXA in Atlanta reported1.
On Nov. 13, Kamooneh said he was met at his door by police, who handcuffed him and took him to the DeKalb County jail, where he was held for about 15 hours.
I quickly realized it was from the events that had happened 11 days back, he said. The officer did threaten that he would do that. I guess I didn t quite believe that he would go through with it.
Kamooneh was officially charged with theft by taking what the officer said was theft of power by not seeking permission from the DeKalb County School system to charge his car there, according to the police report.
Police said, according to the report, they met with Chamblee Middle School employees, who confirmed that Kamooneh was not authorized to plug his car into any school socket.
Sgt. Ernesto Ford of the of the Chamblee Police Department declined to discuss the incident further with NBC News, but told WXIA that Kamooneh broke the law. He stole something that wasn t his.
A theft is a theft, he added.
But Kamooneh said he believes he committed no crime. He said in his experience as an electric car driver, seeking permission was often an informal exchange and that he had never encountered a problem before.
Of course I agree that theft is theft, what I don t agree with is that every taking of something without permission is theft, he said, adding that there was no one at the school to ask permission from at the time.
The DeKalb County School District said in a statement that it has cooperated with the police investigation and will continue to do so.
Ground rent vs demurrage-detention is there a difference..??
This is a question from Siddhartha
What is ground rent , is it different from demurrage and detention ?and who will collect ground rent ?
Storage could occur under below conditions :
- On import full container(s) at the port or inland terminal while it is under the custody of the shipping line before the container is released to the importer..
- On import full container(s) at a customs bonded warehouse where the importer or customs have requested it to be moved for the purpose of inspection etc..
- On empty containers at an empty depot where the shipping line is storing it for the purpose of utilisation for exports, but due to overstock, or lack of space on board the ship or lack of exports they are forced to keep the boxes under storage..
- On export full containers at the port or inland terminal while it is under the custody of the shipping line before the container is shipped on board.. This could generally happen if the exporter has already moved the container into the port, but has some documentary or other issues to sort out before it is shipped.. By contrast very less containers go into storage over exports as compared to imports..
- On transhipment containers (full or empty) at the port while it is under the custody of the shipping line awaiting a connecting vessel..
- On containers that are detained by Govt. authorities like Customs, Health, Police etc..
Storage is charged and collected by the entity that is storing the container in their facility for the shipping line or the exporter or importer..
Demurrage and detention is charged by the shipping line in accordance with the number of free days offered and as per the tariff set by the shipping line..
Storage is charged by the port, inland terminal or shipping line in accordance with the number of free days offered and as per the tariff set by them..
To summarise :
- Storage amount charged by the entity storing the container (full or empty) till it moves out of the facility
- Demurrage amount charged by the shipping line from the time of expiry of free days till it is moved out of port or terminal for unpacking
- Detention amount charged by the shipping line from the time the full container is picked up till it is returned empty to the depot nominated by the shipping line
- Once returned, till it is reused, the empty container can incur storage at the depot
So its more or less like a circle of life..
Marcus A. Kennedy filed a lawsuit Nov. 15 in Madison County Circuit Court against Dale Williams Trucking Inc. and John S. Rickett.
Kennedy was driving east on Illinois Route 140 in November 2011, according to the complaint. Kennedy says Rickett, working for Dale Williams Trucking, was driving west on Route 140 and allegedly crossed the center line.
Kennedy contends his back and neck were hurt in the crash. He accuses the trucking company and its driver of negligence and asks for more than $100,000 in damages for lost wages, medical expenses and costs of the lawsuit.
Attorney Gregory M. Tobin of East Alton represents Kennedy.
Madison County Circuit Court Case No. 13-L-1919
November 26, 2013 rudee
Despite a recent steadying in the pace of growth, China continues to be a vibrant and dynamic trading environment and is still the world s second largest economy by a significant margin. Important initiatives like the new 29 sq km Shanghai Free Trade Zone (FTZ), are expected to drive production and boost the Asian logistics market at large. The huge warehousing facility, Shanghai Pudong Air Cargo Terminal s PACTL West, is another trade-boosting initiative which has gone from strength to strength since opening for business in 2009. Vast volumes of manufactured products continue to arrive in the UK and Eurozone from China, and there s no reason to imagine this could diminish in the foreseeable future.
But large-scale freight movements from China have attracted the interest of the scammers. BIFA has recently published a warning about emails from unknown Chinese forwarders, which we quote:
On face value these emails appear to be from independent forwarding companies looking for UK partners, by way of offering cheap ocean rates. The majority may be genuine, but for some, deep down there is criminal intent. Once an agreement is in place and business starts, all appears to be normal. This is until the cargo arrives at the UK port and no-one has received the original Bill of Lading. When contacted the Chinese forwarder then demands a large ransom for the release of the original Bills of Lading. The dilemma for UK forwarders and their customers is whether to pay, knowing the pain and cost that comes with not having the original documentation. BIFA recommends diligence and advises that whilst entering into any form of agreement, with an overseas partner, just asking for a signature on an agency agreement is not good enough.
At CCL, we agree that diligence is paramount and it s part of what we do. Our job is to take care to ensure that all the necessary paperwork is produced in a timely manner to accompany your shipments. This gives you, the freight forwarder, the security of knowing that there will be no surprises when your cargo arrives in the UK.
It s a complicated world, and it s important to proceed with caution, especially when there s money or your reputation at stake. CCL can help ensure your cargo arrives properly documented, which means it can reach its final destination in good time.
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