What's happening in Intra Asia

 

Intra Asia Trade Specialists

 

CASA China Limited Shenzhen

Call Anytime, Service Anywhere.
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Maxpeed Co., Ltd

Best Global Partner - Deliver your
Happiness and Dreams
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Trans Van Line Ltd.

Total Solution, Value-Added Service, Long-Term Relationship.
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Herocean Line Co., Ltd

Localized global services
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Shandong Land-Sea Int'l
Transportation Co., Ltd

Customers' satisfaction is
LAND-SEA's eternal pursuance!
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ECU-Line Hong Kong Ltd.

It's not just LCL - it's our passion
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Transfit Shipping Limited.

One Stop Logistics Services Provider
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Panda Logistics Co., Ltd.
Qingdao Branch

Ever-lasting operation & profit
sharing
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Eternal Fortune Freight
Forwarding Co Ltd.

We are the professional LCL logistics
supplier in Tianjin.
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Lailon Enterprises Ltd

We adhere to the Principle of
"Customer First" and "Service Best"
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Sinokor Hongkong Co., Ltd

Sinokor is making every effort to
provide the best services to satisfy
customers' needs.
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 Competition swells as all join intra-Asia gold rush, but where is the
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 Intra-Far East trade gives smaller ships new lease of life as demand for
   new services rise
   
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 Changing lanes: More recent action on the active intra-Asian shipping
   market  
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Reinvigorating shipping to unleash Indonesia's export potential
will awaken a sleeping giant

 


WITH costs of exports mounting in China, outsourcing focus has lately turned to India and Vietnam with a view to developing intra-Asian trade links. But perhaps deserving as much if not more attention is Indonesia where steps are being taken to enhance export potential.

In the view of Maersk Line, outlined in its latest country analysis in its "Moving Global Trade" report, suggests that Indonesia is worthy of exploration given the global macro-economic picture, which is not good. The International Monetary Fund (IMF) reduced its predictions for world GDP growth in 2015 from 3.9 per cent to 3.5 per cent and the US has suffered first quarter GDP shrinkage of .07 per cent.

Maersk's country manager, Jakob Sorensen, president director of Maersk Line in Indonesia, first looks at the background.

"Global container trade growth for the year is now expected to be in the lower end of three to five per cent," he said. "In the first quarter, we have seen an increase in export volumes to the United States, driven by the US economy and the stronger US dollar. However, exports to Europe have seen slowing growth compared to last year, as the inventory build-up has come to a stop.

"Exports to oil dependent nations such as West Africa have also fallen due to the drop in oil price," he said.

Meanwhile, Indonesia's trade balance has a surplus of US$2.43 billion for the first quarter, largely influenced by the export performance which reached $39.13 billion, compared to the import figure of $36.70 billion for the same period.

Despite a slowdown in Indonesia's key commodity exports such as palm oil and minerals, there has been increase in exports of agriculture commodities. Consumer spending which has previously supported growth in the country is having less of an impact, due to the weak Rupiah and higher prices.

"We have seen a drop in imports of raw materials to Indonesia by 17.8 per cent year-on-year," said Mr Sorensen.

One of the recent highlights with regard to Indonesia's export policy is related to fisheries. The prohibition of transshipment in the middle of the sea has contributed to a significant drop in exports of fish products.

While the intent is to stop illegal fishing, it has also resulted in a drop of 15 per cent of fish products in the first three months of 2015.

Another policy development which is expected to have a significant impact on trade volumes occurs within the automotive sector. The Ministry of Trade has announced a limit on the number of imported automotive products in the form of Completely Knocked Down (CKD) and Incompletely Knocked Down (IKD).

The number is limited to 100,000 units per year starting from 23 March 2015. In addition, it will be mandatory for automotive importers to start exporting automotive products three years down the road.

 

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