Latest news with #DS
Fibre2Fashion
6 hours ago
- Business
- Fibre2Fashion
Vietnam's exports up 14.7% YoY in Jan-mid Jul 2025
Vietnam recorded a trade value of $470.63 billion between January 1 and July 15—a 16.2-per cent year-on-year (YoY) rise, official data show. Exports were valued at $239.19 billion during the period—up by 14.7 per cent YoY, while imports reached $231.44 billion—up by 17.7 per cent YoY, according to the department of Vietnam customs. Vietnam recorded a trade value of $470.63 billion between January 1 and July 15â€'a 16.2-per cent YoY rise, official data show. Exports were worth $239.19 billion during the periodâ€'up by 14.7 per cent YoY, while imports reached $231.44 billionâ€'up by 17.7 per cent YoY. The country recorded a trade surplus of $7.74 billion during the period. During the first half of July, the trade deficit was $134 million. Vietnam's total import-export turnover in the first half of July was $38.21 billion—down by 7 per cent compared to the second half of June, a domestic news agency reported. Foreign direct investment (FDI) enterprises reported $14.83 billion in export turnover in the first half of July—a drop of 13.5 per cent from the latter half of June. On the import side, they posted $13.84 billion in the period—up by 4.4 per cent. As of July 15, total export revenue by FDI firms reached $175.8 billion—a YoY rise of 17.5 per cent, accounting for 73.5 per cent of the country's total. During the first half of July, Vietnam posted a trade deficit of $134 million. However, the country still recorded a trade surplus of $7.74 billion from the beginning of the year to July 15. Fibre2Fashion News Desk (DS)
Fibre2Fashion
20 hours ago
- Business
- Fibre2Fashion
Shifting demand, tariffs make APAC container shipping fickle: Dimerco
Container shipping in the Asia-Pacific (APAC) region remains volatile due to shifting demand and US tariffs, according to Taiwan-headquartered Dimerco Express Group, which recently said carriers have increased blank sailings on Asia-to-US routes to manage excess capacity. Many shippers frontloaded ahead of the August 12 tariff deadline, weakening July volumes. Carriers will cut Asia-to-US capacity by 6.2 per cent in August, the company said in its 'APAC Freight Report: August 2025'. APAC container shipping remains volatile due to shifting demand and US tariffs, according to Taiwan-headquartered Dimerco Express Group. Carriers have raised blank sailings on Asia-to-US routes to manage excess capacity, it said. Many shippers frontloaded ahead of the August 12 tariff deadline, weakening July volumes. Carriers will cut Asia-to-US capacity by 6.2 per cent in August, the company said. 'In the US, unclear tariff policies are causing unpredictable shipping and sourcing patterns. Although a temporary tariff pause has helped in the short term, higher tariffs are expected in August. This is leading to rushed shipments now but may result in reduced trade and higher costs later,' said Alvin Fuh, vice president, ocean freight, at the company. 'With conflict risks, tariff uncertainty and vessel supply imbalances, the ocean freight market is likely to stay unstable. Shippers should stay flexible and prepare for continued disruptions,' he noted in a company release. In Malaysia, Port Klang remains congested, with vessel waiting times reaching up to 70 hours. Some carriers may choose to skip the port entirely. Port congestion and container shortages at Laem Chabang in Thailand have improved, easing some of the earlier operational challenges. Growing interest from companies expanding into the Australian market is also driving up cargo demand. With the ongoing monsoon season in several parts of India, shrink wrapping is recommended to protect cargo from potential water damage. Fibre2Fashion News Desk (DS)
Fibre2Fashion
a day ago
- Business
- Fibre2Fashion
Bangladesh sees lowest openings of import LCs in 58 months in Jun 2025
Bangladesh saw its lowest monthly import letter of credit (LC) openings in 58 months this June, central bank data show. LC openings in the month dropped to $4.14 billion, down by 24.42 per cent year on year (YoY). Import LC settlements also significantly dropped, reaching the lowest level in nearly four and a half years. Such settlements totalled $4.59 billion in June—down by 14 per cent YoY. June's LC opening volumes were even lower than those during the COVID-19 pandemic—a wake-up call for any import-dependent economy, bankers and economists caution. Bangladesh saw its lowest monthly import letter of credit (LC) openings in 58 months this June, with such openings dropping by 24.42 per cent YoY to $4.14 billion. Import LC settlements also reached the lowest level in nearly four and a half years, totalling $4.59 billionâ€'down by 14 per cent YoY. LC openings steadily fell throughout FY25 second half due to a sustained slowdown in private investment. LC openings steadily declined throughout the second half of fiscal 2024-25 (FY25), bottoming out in June, domestic media outlets reported. The last time LC openings dropped below this level was in August 2020, when they stood at $3.7 billion. The last time monthly LC settlements were lower was in November 2020, during the pandemic's peak, when they stood at $4.41 billion. The sharp decline is being attributed to a sustained slowdown in private investment. Total imports in FY25 (July-June) stood at around $69 billion, up by just 0.18 per cent YoY. However, the growth was not across the board. Import LCs for capital machinery, essential for investment, fell by over 25 per cent YoY, while those for intermediate goods, petroleum and industrial raw materials also declined over the same period—an indication of weakening economic momentum. However, on a fiscal basis, LC settlements have increased. In FY25, Bangladesh settled $69.46 billion in import LCs—up by 4.18 per cent YoY. Fibre2Fashion News Desk (DS)
Fibre2Fashion
3 days ago
- Business
- Fibre2Fashion
US drayage market seems to be rebalancing for rest of 2025: Report
The US drayage market appears to be undergoing a rebalancing event for the rest of this year, and that is bound to present new opportunities and challenges for shippers moving into the latter half of 2025, according to the July ITS Supply Chain Report released by North American third party logistics (3PL) provider ITS Logistics. Drayage refers to the transportation of goods over short distances, typically by truck, often as part of a longer shipping process. The US drayage market seems to be rebalancing for the rest of 2025, and that can create a positive shift in the shipping industry, ITS Logistics said. The US drayage market saw a 1.8-per cent MoM rise in June imports, a notable contrast to typical mid-summer trends. A mixed performance highlights ongoing shifts in port routing and regional demand as tariff volatility continues to shape the market. The US drayage market saw a 1.8-per cent month-on-month (MoM) rise in June imports, a notable contrast to typical mid-summer trends. The top gateways for Chinese imports, particularly the Port of Los Angeles, also saw major volume increases, while East Coast and secondary ports experienced significant declines in activity. The mixed performance highlights ongoing shifts in port routing and regional demand as tariff volatility continues to shape the national drayage market, a release from the company said. 'Ultimately, the full economic effects of recent tariffs are beginning to manifest, with potential disruptions in trade flows and increased costs for businesses and consumers,' said Josh Allen, chief commercial officer at ITS Logistics, said in a company release. 'This comes just as the industry prepares to combat hurricane season and the trucking market continues to see marginal shifts in both spot and contract rates during peak season,' he added. Although much of the industry is experiencing supply chain disruptions of significant magnitude, whether due to administrative decisions from the White House with tariffs or the intensifying hurricane season, the warehousing market shows a glimpse of hope for change. The producer price index for warehousing and storage declined 1.4 per cent from May's 155.4 to 153.1 in June 2025, marking a continued downtrend from March and signaling reduced pricing leverage for warehousing providers. Fibre2Fashion News Desk (DS)
Deccan Herald
4 days ago
- General
- Deccan Herald
New book sheds light on Bastar's colonial past and Adivasi resistance
This marks the tenth book under the Professor D S Achuta Rao History Series, published by Manipal Universal Press, MAHE, Manipal. It has been co-edited by Uma Ram and K S Ram, who have spent about three decades in the region.
