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Air China Cargo H1 Performance: Revenue Exceeds RMB 6 Billion, Net Profit at RMB 470 Million
Air China Cargo currently operates a fleet of 15 owned freighters, with reports indicating that three additional B777F freighters will be introduced in 2023. The company also established an RMB 2.5 billion aviation industry development fund and RMB 50 million in aviation industry incentive funds. For the first half of 2023 (January–June), Air China Cargo recorded operating revenue of RMB 6.054 billion, down 55.30% year-on-year, and net profit attributable to the parent company of RMB 473 million, down 77.43% year-on-year. As of August 15, Air China Cargo operated 15 owned freighters. In February 2023, it took delivery of its ninth B777 freighter. In 2022, Apple Inc. was Air China Cargo's largest customer, generating sales revenue of RMB 2.143 billion and accounting for 9.40% of total revenue. Air China Cargo has established a global air freight network hub at Beijing and Shanghai, operating 15 freighter routes and over 1,500 global road feeder service routes as an effective supplement to its freighter and belly-hold network.
Read moreSCC Logistics Group Honored to Attend the 2023 National Automotive Parts Logistics Conference
The global automotive industry is undergoing a once-in-a-century transformation in 2023, and China's automotive sector is seizing significant opportunities for transformation, growth, and surpassing established players. Amid this paradigm shift, the parts industry will play a fundamental and critical role. With the rapid development of electrification and intelligent technologies, the entire supply chain system is being reshaped, making automotive parts logistics increasingly important. The 2023 National Automotive Parts Logistics Conference was held in Shanghai from May 30 to 31, focusing on inbound logistics and factory logistics challenges within OEM parts supply chains. The conference aimed to foster collaboration and exchange among all stakeholders in the automotive parts supply chain, exploring opportunities and challenges in inbound and factory logistics to drive industry development and supply chain upgrading. SCC Logistics Group was invited to attend the conference, continuing to uphold its business philosophy of customer-first, service excellence, value-driven operations, and data-informed decision-making.
Read moreEffective July 1! GAC Decision on Revising Certain Regulations
According to the official website of the General Administration of Customs (GAC), GAC Order No. 263 has been issued, announcing the decision to amend three regulations: the Provisions of the Customs of the People's Republic of China on the Administration of Bonded Warehouses and Goods Stored Therein, the Measures of the Customs of the People's Republic of China for the Administration of Export Supervised Warehouses and Goods Stored Therein, and the Measures for the Administration of Random Inspection of Import and Export Commodities. These amendments take effect from July 1, 2023. Revisions to the bonded warehouse regulations include: updating the scope of goods eligible for storage in bonded warehouses, modifying enterprise qualification requirements to 'obtaining business entity status,' simplifying personnel requirements, standardizing procedures for changes in enterprise names and warehouse types, and introducing new provisions on the timely removal of customs-cleared bonded goods. Corresponding adjustments have also been made to the export supervised warehouse regulations and the random inspection measures to support the high-quality development of bonded warehouses and export supervised warehouses.
Read moreHow Are Various Fees in Container Shipping Generated? A Guide to Understanding Maritime Container Charges!
In maritime shipping costs, beyond the ocean freight itself, a range of container-related charges account for a significant share and should not be underestimated. This article provides a comprehensive guide to understanding these charges. Key fees include: container drop-off fees — incurred when containers are temporarily stored at an off-site yard because the terminal has not yet opened for container receiving; pre-pull fees — charged when containers need to be picked up earlier than the standard date, typically to obtain container numbers for manifest filing under AMS deadlines; and detention charges — daily fees applied when containers exceed the free usage period provided by shipping lines to accelerate container circulation. Other charges covered include pre-gate-in fees, container re-stow charges, container pick-up fees, loading fees, empty return fees, container devanning fees, and late gate-in surcharges. Understanding these charges in advance helps avoid unnecessary costs and ensures smooth container loading and shipping operations.
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