Egypt officially seized the long wheel, the first quarter of the export of hot products at a glance, the 129th Canton Fair “cloud” opened, and so on | this week’s foreign trade events

Due to the shipowner's delay in paying the compensation, Egypt formally seized the ship


On 13 April, the Egyptian Suez Canal Authority granted the court permission to formally detain the "long-given" cargo ship blocking the Suez Canal for six days, demanding that the Japanese shipowner pay about $900 million in compensation, which was sent to the captain of the ship on the same day. The ship's cargo and 25 Indian crew members will also remain stranded in the Great Lakes.Wire terminal block,MRS connector,road studs should be noted.

The court ruled that more than $900 million in compensation was calculated on the basis of losses caused by stranded freighters and other costs. Citing the provisions of the Egyptian maritime trade law, the Canal Authority held that it had the right to detain the ship before the shipowner paid the full amount of the compensation.

British Shipowners Mutual Insurance Society (UK P&I Club), the insurer of the Changzhi Container Ship, found the Suez Canal Authority's claim of $916 million unfounded and was disappointed to detain the ship.
Export hot selling products in the first quarter

According to the General Administration of Customs, the total value of China's import and export of goods in the first quarter was 8.47 trillion RMB, an increase of 29.2 percent over the same period last year. Among them, exports 4.61 trillion, an increase of 38.7 percent; in dollar terms, exports increased 49 percent year on year. That has been a year-on-year increase for three consecutive quarters since the third quarter last year. In March, renminbi-denominated exports rose 20.7 percent from a year earlier, while dollar-denominated exports rose 30.6 percent from a year earlier.

In terms of hot-selling export products, China's export of mechanical and electrical products was 2.78 trillion, an increase of 43 percent, accounting for 60.3 percent of the total export value, up 1.7 percentage points from the same period last year. Among them, the export of automatic data processing equipment and its parts, mobile phones and cars increased by 54.5 percent ,38.5 percent, and 98.9 percent respectively. During the same period, the export of epidemic prevention materials continued to grow, and the export of textiles, including masks, increased by 30.6 percent.
Canton Fair


Opening of the 129th Canton Fair April 15

April 15, the 129th Canton Fair officially opened, this is the outbreak of the third Canton Fair "Dengyun "—— the 129th Canton Fair on April 15-24 continued to be held online, the official website platform on April 15 at 9:00 officially launched.

The Canton Fair continues to set up 50 exhibition areas in accordance with 16 categories of electronic appliances, machinery, building materials, consumer goods, household ornaments, textiles and clothing, with a total of about 60,000 booths and nearly 26,000 domestic and foreign exhibitors.

The Canton Fair's Merchants team used Chinese, English, French, Spanish, Arabic, Russian, Portuguese, Italian eight languages to produce the buyer's guide video, friends in need can choose the corresponding language to forward to the buyer:
Maritime transport


APL container ships hit the ship, the ship will be delayed

Around midnight local time on April 12, the container ship "APL LE HAVRE" on the way from Singapore to India and the Indian fishing boat" Rabbal" collision accident, causing the fishing boat sank.The container ship rescued a total of five crew members, unfortunately three have no vital signs, another nine fishing boat crew members are missing.
Docked in India-Pakistan direct voyage, the ship CMA-AS1、COSCO-AS1、RCL-RNI5、ZIM-CI4、BEN LINE-AS1 a common cabin, has docked in Qingdao, Shanghai, Ningbo, Nansha, Singapore, full of Chinese goods.

Affected by the accident, the ship will be delayed in large probability.


Post time: Apr-19-2021