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ZhongShen International Trade specializes in import/export agency services, facilitating global trade for enterprises
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Chinas renewable energy capacity surpasses coal power historically
In the first half of 2023, Chinas total installed capacity of renewable energy exceeded 1.3 billion kilowatts, a year-on-year increase of 18.2%, surpassing coal power for the first time in history. Significant progress has been made in wind power, photovoltaic power generation, and new energy storage technologies. This data reflects Chinas efforts and achievements in promoting energy transition and sustainable development.
The turbulent situation in Bangladesh triggers the transfer of international brand orders
Political unrest in Bangladesh has caused international brands to worry, leading them to shift footwear and apparel orders from the country to Southeast Asian nations. This has severely impacted Bangladeshs garment and textile industry, which heavily relies on international orders, potentially reshaping the global supply chain landscape.
Dafeng Shipping announced the implementation of a new peak - season surcharge on the Asia - to - South Africa route
Recently, CMA CGM announced the implementation of a new Peak Season Surcharge (PSS) for the Asia-South Africa route and adjusted freight rates for the Asia-Northern Europe route. The new PSS will take effect from August 21, with a charge of $300 per TEU, applicable to cargo from Northeast Asia, Southeast Asia, and all regions of China to South Africa. Additionally, starting August 1, the company will increase freight rates for the Asia-Northern Europe route, with new rates set at $1,075 per 20 dry container and $1,950 per 40 dry container, high cube, or reefer container.
Yellow, a major US transportation company, announced its bankruptcy.
U.S. transportation giant Yellow Corp. announced its shutdown, ceasing operations immediately, which will result in approximately 30,000 employees losing their jobs. This marks the largest bankruptcy in the history of the U.S. trucking industry. The company has about $1.5 billion in unpaid debts and is facing a cash shortage, with some major clients having suspended cooperation. This shutdown may trigger a series of supply chain issues, further straining global supply chains.
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Guide to Application and Amendment of Export Inspection and Quarantine Certificates
This guide details the application process and amendment procedures of export inspection and quarantine certificates. It discusses different types of inspection and quarantine certificates, as well as the laws, regulations, and procedures that enterprises must follow when applying for and amending certificates. It is an indispensable reference resource for exporters and trade professionals.
What are the key elements for exporting to South Korea? How to ensure smooth customs clearance?
Exporting to South Korea
Successfully Assisting in the Import and Relocation of Electronic Factory Production Line Equipment!
ZhongShen International Trade partnered with a Wuxi-based electronics company to efficiently complete the relocation and import of thousands of high-precision semiconductor equipment, finishing the project two weeks ahead of schedule, demonstrating professional and efficient service.
The EU prohibits the intentional addition of bisphenol A and its related substances in food - contact materials
The Directorate - General for Health and Food Safety (DG Sante) of the EU announced on July 18, 2023, that it will ban the intentional addition of bisphenol A (BPA) and its related substances, including bisphenol S, bisphenol F, and 2,2 - bis(4′ - hydroxyphenyl) - 4 - methylpentane, etc. in food - contact materials. This ban is based on the latest safety assessment of BPA by the European Food Safety Authority (EFSA). The ban is expected to come into effect in the spring of 2024, with an 18 - month transition period.
Announcement on the Implementation of Export Control on UAV - related Items
To safeguard national security and interests, with the approval of the State Council and the Central Military Commission, the Peoples Republic of China has decided to implement export controls on certain unmanned aerial vehicles or unmanned airships and related items. The export controls came into effect on September 1, 2023, including the control of related equipment such as aero - engines, payload equipment, radio communication equipment, and anti - drone systems. Export operators need to go through export license procedures in accordance with relevant regulations.
Starting from August 1st, South Korea amended regulations affecting the registration and declaration of chemicals within its territory.
On July 19, 2023, the Ministry of Environment of South Korea announced the revision of the Implementation Rules of the Chemicals Registration and Evaluation Act (Implementation Rules of the K - REACH Regulations). The revision involves changes in the requirements for the transfer of chemical registration numbers in the supply chain. From August 1, 2023, when manufacturers/producers transfer substance registration - related information downstream, they need to submit relevant MSDS under KOSHA and transfer the hazard information in Document No. 26 of the K - REACH Regulations. Enterprises should ensure the compliance of their products according to the new regulatory requirements.
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