1、Maersk sells another subsidiary

 On July 8th, A.P. Møller Holding sold its subsidiary Maersk Supply Service to Norwegian shipping group DOF Group ASA for $1.112 billion. Maersk Supply Service had been on the market for years without finding a buyer. It's notable that since March 2023, when shipping giant Maersk sold Maersk Supply Service to its parent company A.P. Møller Holding, its value has soared, reaching approximately $685 million at the time.

Source: Yi Shipping

2、SHEIN to re-enter India

On July 8th, according to the Economic Times, Reliance Retail Ventures of India plans to launch products from Chinese fast-fashion brand SHEIN in the coming weeks, both online and in offline stores. This collaboration marks SHEIN's return to the Indian market with the support of Reliance Retail, after a hiatus of four years.

Source: Business Today

3、CEVA Logistics continues integration with Bolloré Logistics

On July 8th, CEVA Logistics under CMA CGM is shifting towards a product-based structure, continuing its integration with Bolloré Logistics. As part of this integration, Bolloré Logistics' operations will be renamed CEVA Logistics by the end of 2024. Additionally, CEVA is merging its air and sea freight operations to "leverage best practices and technological investments," including implementing CargoWise.

Source: Cross-border E-commerce Logistics Bai Xiaosheng

4. FedEx to expand air freight facilities

On July 8th, FedEx signed an agreement with the Luzon International Premiere Airport Development (LIPAD) at the Clark International Airport (CRK) in the Philippines to expand its freight facilities. The facility, which first opened in October 2021, occupies 17,000 square meters. The dedicated cargo handling area covers 630 square meters and can sort up to 9,000 packages per hour, supporting local businesses and e-commerce growth. It's reported that upon completion, the new FedEx facility will be more than twice the size of the current facility, with new aprons and taxiways added.

Source: Cross-border E-commerce Logistics Bai Xiaosheng (translated and compiled)

5. Alibaba International Station expands business in Korea

On July 8th, Alibaba International Station announced plans to launch a website specifically for Korean companies in the second half of this year. They aim to offer a program that allows users to experience global B2B platforms at low prices. The site, tailored for Korean enterprises, will exclusively showcase products from Korean sellers, facilitating easier procurement for overseas B2B buyers interested in Korean products.

Source: Alibaba International Station

6. Google launches cross-border e-commerce acceleration program

On July 8th, at the China (Xiamen) International Cross-border E-commerce Exhibition, Google officially launched its cross-border e-commerce acceleration program. Targeting the transformation challenges and growth demands faced by outbound sellers, Google aims to help businesses quickly address common transformation issues through a one-stop independent station incubation service. This initiative aims to facilitate easier establishment of independent station businesses and achieve comprehensive channel deployment. The first phase of the plan covers Xiamen and Shenzhen, with the first Google Cross-border E-commerce Acceleration Center set to be established within the Xiamen Free Trade Zone later this year. Google expects to assist 1,000 preferred platform e-commerce enterprises in successfully transforming to independent stations by 2024.

Source: Google Global Marketing

7. Bezos plans to sell $5 billion worth of Amazon stock

On July 8th, it was reported that Amazon founder Jeff Bezos disclosed plans to sell $5 billion worth of 25 million Amazon shares. Earlier this year in February, Bezos sold approximately $8.5 billion worth of stock over nine trading days, marking his first stock sales since 2021.

Source: Bloomberg

8. Shopee's "Choose Local" feature attracts a large number of users

On July 8th, according to marketeers, Shopee Indonesia's "Choose Local" feature attracted over 29 million Indonesian consumers in the first half of 2024, serving as a channel for searching various high-quality local products. The turnover of micro, small, and medium enterprises (MSMEs) and local brands in regions like Kledang, Pandeglang, and Moyokerto saw the most significant growth. In Sumatra and Java, various fashion products such as women's pants and batik were among the most purchased local products. Specialized foods like banana chips were among the best-selling products in the food and beverage category this year. In central Indonesian regions like Kalimantan, Sulawesi, and Bali, beauty products such as sunscreen were the most popular in the cosmetics category.

Source: marketeers

9. Ozon: Half of Sellers Achieve Monthly Sales Exceeding One Million Rubles

On July 8th, according to research from PRO Wildberries and Tochka Bank, among sellers who have been on Wildberries for a year, 43% have monthly revenues of 10,000 rubles, and 10% achieve monthly sales of one million rubles. Data from Ozon shows that over half of active sellers exceed one million rubles in monthly sales after a year, with sales doubling in the second year and increasing sixfold in the third year. Additionally, Tochka's statistics show average first-year sales for sellers on major platforms as follows: Yandex Market 1.5 million rubles, KazanExpress 2.9 million rubles, Ozon 3.4 million rubles, Wildberries 9.2 million rubles, and Megamarket reaching up to 13.1 million rubles.

Source: Chu Hai Net

10. MSC Adjusts Route Services

On July 8th, MSC announced that the SWAN route service will transition to SWAN - SENTOSA route service, opening a new channel focused on eastward cargo traffic between Southeast Asia. The updated service includes new call points in Qingdao and Busan for westward connections, while maintaining the current calling order for the Northwest Europe route. The calling order is as follows: Qingdao - Ningbo - Shanghai - Yantian - Tanjung Pelepas - Felixstowe - Antwerp - Hamburg - Gdansk - Gdynia - Klaipeda - Bremen/Bremerhaven - Antwerp - Singapore - Laem Chabang - Laem Chabang - Busan - Long Beach - Oakland - Busan - Qingdao;

Additionally, the BRITANNIA route service will also be adjusted, with its second call point in Europe changed to Hamburg Port. The calling order is as follows: Shanghai - Ningbo - Yantian - Laem Chabang - Liverpool - Rotterdam - Hamburg - Antwerp - London Gateway - Singapore.

Source: MSC

11. Global Top 100 Container Ports Ranking Revealed

On July 8th, the American Journal of Transportation (AJOT) published the 2023 Global Top 100 Container Ports ranking. Asian ports prominently feature on the list, with 35 Asian ports included. China leads with 20 ports, and 11 of these ports are in the top 25: Shanghai Port (1st), Ningbo-Zhoushan Port (3rd), Shenzhen Port (4th), Qingdao Port (5th), Guangzhou Port (6th), Tianjin Port (8th), Hong Kong Port (10th), Xiamen Port (13th), Kaohsiung Port (18th), Taicang Port (21st), Beibu Gulf Port (22nd), Rizhao Port (30th), Lianyungang Port (31st), Yingkou Port (35th), Dalian Port (36th), Fuzhou Port (52nd), Yangpu Port (85th), Taichung Port (89th), Taipei Port (90th), and Keelung Port (92nd).

Source: Port Circle

12. Guangzhou Municipal Bureau of Commerce Supports Cross-border E-commerce Development

On July 8th, the Guangzhou Municipal Bureau of Commerce allocated special funds from the Guangzhou Promoting High-Quality Business Development Project (Cross-border E-commerce Direction) for 2024. They granted 7.1367 million yuan in warehouse rent subsidies to eligible enterprises, reducing operational costs and fostering a favorable business ecosystem to promote the high-quality development of the cross-border e-commerce industry.

The supported funds are allocated to enterprises leasing warehouses directly in customs special supervision areas or bonded logistics centers (Type B) for cross-border e-commerce operations, with warehouse areas exceeding 500 square meters. This funding initiative has been consistently disbursed for three years, with a total of 50 enterprises receiving over 30 million yuan in support.

Source: Guangzhou Municipal Bureau of Commerce

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Public account: Cross-border E-commerce Logistics Baixiaosheng