Weekly Newsletter

HPL's 2022 net profit grew 87.6 percent year on year

Recently, HPL released its 2022 financial results. In 2022, the container capacity of Heberot reached 11.843 million TEU, which decreased by 29,000 TEU compared with 2021. Operating revenue of 34.543 billion euros, up 55.1% year on year; Net profit reached 17.043 billion euros, up 87.6 percent year on year.

Suez Canal Authority joined hands with Bahri to set up a shipping company

Saudi Arabian National Shipping Line (Bahri) has signed a non-binding memorandum of understanding with Egypt's Suez Canal Authority to establish an Egyptian maritime transport joint company. The company focuses on "owning, chartering, chartering and operating vessels to transport general and bulk cargo, chemicals, oil and all business related to maritime transportation."

South Korea's exports fell 7.5% in February from a year earlier

According to the Ministry of Trade, Industry and Energy, South Korea's exports fell 7.5 percent in February from the same period last year, while imports increased 3.6 percent, marking the 12th consecutive month of trade deficit since March last year. The fifth straight monthly decline was largely due to weak global semiconductor demand due to a slowing economy.

Temu officially launched in Australia and New Zealand on March 13

Pinduoduo cross-border e-commerce Temu announced that it will officially enter the Australian and New Zealand markets on March 13, promoting the direct connection of Chinese manufacturing industry to the Australian and global markets. Temu is also said to be planning to launch in Europe and other markets, with a view to gaining ground in more markets.

DHL and Alibaba cooperate to promote B2B e-commerce in Europe market

DHL Express and Alibaba.com have announced a partnership agreement. Through this agreement, DHL will become the preferred logistics partner of Alibaba Group's International B2B marketplace in Spain, and the two companies have joined forces to provide Spanish smes with global solutions to meet their online B2B needs for international sales.

Shenzhen Xunlaitong specializes in shipping export from Shenzhen to Australia & New Zealand, Germany, Netherlands and more business

www.xunlaitong.com