Six new ‘special economic zones' (in Indonesian: kawasan ekonomi khusus, or KEK) should become operational in Indonesia soon. These six KEKs are: (1) Bitung, (2) Palu, (3) Tanjung Api-Api, (4) Mandalika, (5) Morotai, and (6) Maloy Batuta Trans Kalimantan. Indonesia's special economic zones are designated areas that offer both foreign and local investors preferential regulatory and tax regimes, as well as - in theory - the availability of key physical infrastructure such as harbors and power plants that should attract foreign investment in these zones.
Evergreen Line has been awarded Best Shipping Line – Asia-Africa by Asia Cargo News at the 2017 Asian Freight, Logistics and Supply Chain Awards (AFLAS). The accolade was presented at a ceremony in Singapore last week and was accepted on behalf of the carrier by Ms. Molly Mok, Chairman of Evergreen Marine (Singapore) Pte Ltd.
Wan Hai Lines is pleased to announce its plan to expand the service network on China-Vietnam/Thailand corridors in July, by restructuring China-Vietnam-Thailand (CVT service) and cooperating with COSCO Container Lines Co., Ltd. with a new joint N.PRC-Thailand service (CT1) and securing slots on COSCO's E.PRC-Thailand service.
Economies - Regulations
Despite accelerated macroeconomic growth of Indonesia so far in 2017, people's purchasing power remains bleak.
Logistics & Forwarding
The global freight forwarding sector is estimated to have grown by 2.7 per cent in 2016, with robust air freight growth in China, while maritime cargo growth was far weaker, according to analyst Transport Intelligence's (Ti) Global Freight Forwarding 2017 report.