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News

News

Hong Kong Officially Launches Digital Yuan Payments Pilot

17.05.2024

Hong Kong launched a pilot program enabling digital yuan payments through major Chinese banks, the first example of China’s currency project being deployed beyond the mainland.

Residents of the city can now open digital yuan wallets with Bank of China, Bank of Communications, China Construction Bank and Industrial and Commercial Bank of China to pay merchants in mainland China directly, Hong Kong’s de facto central bank said in a statement on Friday.

The wallets can be set up using only a Hong Kong mobile phone number and can be used within the Greater Bay Area as well as other pilot regions. Users can top-up the wallets using the local instant payment system known as FPS.

“We will continue to work closely with the People’s Bank of China to gradually expand the application of e-CNY, enrich the range of functionalities” and promote the acceptance of the digital yuan by more retail merchants in both Hong Kong and China, said Eddie Yue, chief executive of the Hong Kong Monetary Authority in a statement. Hong Kong is the first place outside of mainland China in which residents can set up e-CNY wallets, according to the HKMA.

Asian ports hit by Red Sea backlogs

10.05.2024

The Red Sea crisis is challenging Asian ports as congestion with “echoes of the pandemic” is seen in Asia and the Middle East with analysts warning backlogs could also spread to European facilities.

Container ship diversions avoiding the Red Sea and Suez Canal are in a continuous state of flux, changing port calls and vessel sizes as carriers adjust Asia to Europe rotations to cope with demand.

These fluctuations, along with unexpected weather events and higher volumes, and holidays, including Ramadan and Eid Al-Fitr, have created challenging conditions for port operators.

Eleanor Hadland, ports’ analyst at Drewry Shipping Consultants told Container News some congestion hotspots emerging, as vessels arrive at ports outside of their docking windows.

The markets where there has been the greatest impact have fewer mainline vessel calls – but each call is taking longer - indicating a greater cargo exchange – which occurs when carriers consolidate cargo in specific markets onto fewer routes.

“For example, whereas Asia-Middle East cargo may previously have been handled on a wayport basis (i.e. dropped off / collected at key hubs on Asia-Europe trade) this is now being consolidated onto specific Asia-Middle East routes leading to larger parcel sizes being handled at the main ports,” explained Hadland.

One of the most significant ports impacted is Jebel Ali which has seen dwell for ships larger than 12,500 TEU increase from about 1.5 days in Q4 2023 to 2.5 days by the first quarter of this year, increasing pressure on trucking and port storage facilities.

A DP World spokesperson said, “Jebel Ali Port has experienced a temporary increase in vessel arrivals due to recent severe weather and changes to regional shipping routes. We're working diligently with our partners to ensure efficient operations and minimise any effects on schedules. All major shipping lines continue their on-time arrivals at Jebel Ali Port.”

Consultancy MDS Transmodal analysed the number and size of vessels operating in the Asia to Europe trades, including direct Asia to Europe services, those with wayport calls and the Middle East, Indian Subcontinent to Asia trades in an attempt to understand the challenges being faced.

Hapag-Lloyd partners with IKEA for cleaner shipping

08.05.2024

Hapag-Lloyd and IKEA Supply Chain Operations have entered into a cooperation to decarbonise container shipments from Asia.

From March 2024 until February 2025, both companies have agreed to use Hapag-Lloyd’s highest product option for biofuels “Ship Green 100”, which relies on waste- and residue-based biofuel instead of conventional marine fuel oil. The expected result for IKEA during this period is a CO2 emission reduction of around 100,000 tonnes.

“IKEA stands as one of our valued customers, known for its unwavering commitment to sustainability. By joining forces, we are reducing CO2e emissions significantly”, said Danny Smolders, Managing Director Global Sales at Hapag-Lloyd. “Ship Green is an important aspect of our decarbonisation journey and brings us one step closer to our goal of net-zero fleet operations by 2045.”

The IKEA goal is to reduce the relative GHG emissions from their product transportation by 70% by 2030 and to only use zero-emission heavy-duty vehicles and ocean vessels by 2040.

“It’s through efforts like this one that we can reduce immediate emissions from ocean shipping in the short-term”, says Dariusz Mroczek, Category Area Transport Manager, IKEA Supply Chain Operations. “However, biofuel is not the ultimate solution and we need to continue to collaborate to make the necessary shift toward zero emission fuels and technologies.”

Hapag-Lloyd has launched the Ship Green product to offer its customers emission-reduced ocean transport solutions. Based on biofuel, Hapag-Lloyd’s customers can choose between 100%, 50% or 25% CO2e emission avoidance. Ship Green is available for all shipments, including standard, reefer, hardtop, or tank equipment.

Services

Services

Multimodal Transportation

Multimodal freight transportation with Forward is our network of reliable agents around the world. Through direct agreements with major shipping lines, we serve all routes required by our Customers. Our low prices are achieved through extensive shipment volumes, along with our specialized unit’s decade-long experience in dealing with sea, air, and land transportation.

Possible transport combinations:

  • sea freight + road freight;
  • rail freight + sea freight + road freight;
  • sea freight + rail freight;
  • air freight + road freight;
  • sea freight + air freight.

The benefits of container shipments

A sea container is a universal cargo unit with standard dimensions. A container is the most common and practical transport unit in multimodal shipments. Container goods are transported by different modes of transport from door-to door without excessive transshipment. Containers could be delivered to a Customer by sea, rail, road, or air transport, or any combination of the above. Container goods have a faster handling in transit and within transshipment that results in a lower shipment cost. And the safety of the goods is guaranteed. Strong partnerships with well-known maritime companies and container lines allow us to deliver goods of any category and complexity.

  • Sea and rail freight container shipping allows cargo to be delivered safely, regardless of weather conditions;
  • Goods are loaded into a container once at the shipper’s, and unloaded at the recipient’s warehouse;
  • The sealing of cargoes guarantees an additional layer of safety for the transported goods;
  • Our Customer manager provide expert advice and calculate alternative delivery options for the Customer;
  • Electronic document management and web-cabinets improve the quality and speed of engagement.

Rail Freight

Our portfolio of Partners include leading rail operators and train & wagon owners.

  • We offer a selection of alternative routes of cargo shipments depending on the Customer's desired price, delivery time, and point of destination. Included are fast container trains, group, and carload shipments;
  • Rail international and domestic transport;
  • FCL and LCL rail freights;
  • Transportation of cargoes in special temperature conditions or with the use of specialized containers.

Customs Clearance

We offer customs clearance at all customs offices:

  • Assistance in obtaining of required licenses and certificates for import or export.
  • Last mile delivery of cleared cargoes.
  • Drawing up of requisite licensing and certification documentation.
  • Delivery of a cargo released for free circulation to the Customer’s warehouse.

You can be calm

Aside from arranging appropriate vessel we also handle the related formalities along with constant tracking of the shipment while it’s in transit using the sophisticated system empowered by our efficient global partners.

Contact

Contact

Location:

Office: 810, Jumeirah Bay X2 JLT, cluster X, Dubai, United Arab Emirates

Alexandr

Executive Director
Mob. +971585733856
Alex.kh@forwarddmcc.ae

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