The factory in the world's largest exporting country, especially a supplier of major technology firms in northeast China, is worried about breaking the supply chain at the end of the year due to severe power shortages.
According to Bloomberg news, this disruption comes as manufacturers and carriers race against time to meet demand for everything from clothes to children's toys, amid the buying season. Year-end shopping is offered. The global supply chain is already upended by a host of problems, from soaring raw material prices, prolonged congestion at seaports, to a lack of empty containers to store goods.
“THIS IS DEFINITELY A MASSIVE MESSAGE”
Chinese manufacturers warn that strict measures to cut electricity consumption will lead to a decline in manufacturing output in leading localities in this field such as Jiangsu (Jiangsu), Zhejiang (Zhejiang) and Guangdong (Guangdong) - three provinces together account for about a third of China's gross domestic product (GDP). Falling output of goods can push prices up.
Local governments in China are requesting power outages to achieve their goals of reducing energy consumption and emissions. However, some localities suffer from real power shortages.
The power outage follows a recent disruption at Chinese ports, which has had widespread effects throughout the entire global supply chain. Part of the port of Ningbo-Zhou San (Ningbo-Zhou San) had to be closed for several weeks in August due to the Covid outbreak, after the Yantai port in Shenzhen (Shenzhen) had to close in May for the same reason.
After a challenging period characterized by global market volatility, Vietnam’s paper industry is entering a new recovery cycle with optimistic signals.
As global supply chains continue to shift and the air cargo industry enters a new phase of post-pandemic restructuring, Southeast Asia is increasingly positioned as a strategic air logistics hub on the global map
After two hot years driven by e-commerce and disruption in sea freight, the air-cargo market in 2025 is slowing as supply and demand gradually normalize, belly-capacity (passenger-aircraft freight space) recovers and trade policies fluctuate. For Vietnamese companies exporting high-value goods, this is the time to re-calculate the “sea-air mix” to optimize cost, time and shipment certainty.
We wish our valued customers and partners a joyful and happy holiday.
On 23 December 2015, Glotrans Da Nang was officially established under the strategic direction of Glotrans Vietnam, marking an important milestone in expanding our nationwide network across Central Vietnam. From day one, the branch has carried the mission of becoming an efficient logistics gateway, contributing to the enhancement of Glotrans’ nationwide service network.
On the occasion of Vietnamese Teachers’ Day 20/11, Glotrans Vietnam would like to extend our warmest and most respectful greetings to all teachers, trainers, and everyone who tirelessly dedicates themselves to the mission of imparting knowledge.
The shipment of food additives was transported in container No. FCIU3301688 (20’), under B/L MPRSMUM1806, on the voyage from Nhavasheva Port (India) to Dinh Vu Port (Hai Phong, Vietnam) on 29/04/2017.
Company T (Plaintiff – the Insured) entered into an insurance contract with Company B (Defendant – the Insurer). After the insured event occurred, the Insurer alleged that the Insured had violated its obligation to prevent and mitigate losses. The Arbitral Tribunal acknowledged that such an obligation exists but concluded that the Insured did not breach it.
Under the insurance contract, the premium was to be paid in three installments, and in all three, the insured party was late in payment. When a dispute arose, the insurer (Defendant) argued that the insurance contract had terminated before the insured event occurred due to the late premium payment and therefore refused to make an insurance payout. However, the Arbitral Tribunal held a contrary view.
