eCon-Network connects users and suppliers of one-way containers or shipper’s own containers (SOC’s) on a neutral online platform.

eCon-Network provides effective progress for your container pickup and offhire.

ONE WAY CONTAINERS

Easily find supplier and users for your ONE WAY.

SMART RELEASE (QR CODE RELEASE)

Get the accurate details for the container after sending your release or acceptance instruction to CY.
Avoid fake instruction via QR code release.
Non-Face to Face checking release order.

What We Offer

Connect users and suppliers of one-way containers or shipper’s own containers (SOC’s) online.

Provide effective progress for your container pickup and offhire.

Find supplier and users for your ONE WAY easily.

Get the accurate details for the container after sending your release or acceptance instruction to CY.

Avoid fake instruction via QR code release.

Get Start

Membership

Membership

$188 per month


3.50% Service fee
Pick-up your sales amount of one-way

Agree eCon-network Contract

You are on common terms with the eCon-Network Multiparty Agreement!

Survey all containers

The supplier arrange a surveyor before pick-up (get a CSC plate, Photos, Report)

Protected Payment & Invoicing

3.5% service fee from profit of PDM, Pick-Up fee

eCon-Network NEWS

The shipping industry faces a new problem: container surplus

With the economic recovery of countries after the COVID-19 epidemic, there was once a shortage of shipping containers in the world. Now not only that situation no longer exists, but even the shipping industry is facing an diametrically opposite problem: there are too many empty containers! In addition to the decrease in freight, the data shows that the container warehouse is now full of empty containers. This is another proof of the decline in global consumer demand and the economic slowdown. Traders and shippers pointed out that this is not a sign that the global economy is recovering, but a sign that consumer demand is declining. "There is not enough warehouse space to accommodate all containers," Christian Roelofs, CEO of Container xChange, an online container logistics platform, said this week. He also warned that container warehouses would face greater storage pressure in the coming months. Drewry said in its latest analysis that 14% of the voyages on major container routes were cancelled from the end of November to the beginning of December. Last week, Maersk, a shipping giant, warned in its third quarter performance report that freight rates had peaked against the backdrop of easing supply chain difficulties and declining demand. The company told investors that it expected marine profits to decline. Container xChange interviewed 200 freight forwarders, traders and shippers in a survey last month. Nearly 60% of them said that they were coping with geopolitical, economic and political risks, which brought downward pressure on consumption, leading to a decline in container demand.

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The congestion of major ports around the world is gradually eased

The delays at the world's major ports are not as serious as before. Compared with the beginning of 2022, the main ports in four regions are less affected by the delay at present. However, the arrival time of ships is still higher than the level before the outbreak in 2019. Sea Intelligence investigated the arrival of ships at the 6 largest ports in each of the five most important container transport regions (Asia, North America's east and west coasts, Northern Europe and the Mediterranean). The analysis company said that among the largest ports in Asia, the west coast of North America, Northern Europe and the Mediterranean, the average delay time of late arrival ships reached the peak in early 2022, and has been declining since then. The only exception is on the east coast of North America, where port delays have become worse, possibly because port pressure and congestion have shifted from the west coast to the east coast. In general, delays at major ports in four of the five regions peaked at the beginning of 2022. Since then, the reliability of shipping schedule has improved, but it has not reached the pre epidemic level. According to the data of Sea Intelligence, compared with ports in Europe and Asia, the average delay time of ports in North America is the longest. In general, there are significant differences between regions. Sea Intelligence has generally concluded that, although it is still higher than the average level before the epidemic, the severity of delay (except for the East Coast of North America) will be reduced in 2022.

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Southeast Asia Exports Fall

It is reported that the export of Southeast Asia has begun to be hit by the economic challenges faced by Europe. Since July, the export has been declining. The soaring inflation and energy costs, as well as other economic impacts brought about by the Russian-Ukrainian conflict, may make the European economy in trouble in the next 12 months, and consumers will cut spending. It is expected that this will have a significant impact on Southeast Asian exporters, especially the textile manufacturing industry, which accounts for the largest proportion of exports in several countries in the region. A research report issued by the World Bank last month warned that the global economy will gradually develop towards recession next year, which may lead to a series of financial crises in emerging markets and developing economies. ​ Brian Lee Shun Rong, an economist at Maybank, Malaysia's largest financial services group, said: "The decline in exports (from Southeast Asia) will worsen further." ​ In 2022, Cambodia's textile exports will account for more than half of the country's total exports, with a year-on-year growth of 37% from January to June, but it will slow down to 19.9% in July and 2.7% in August. According to the data of the General Administration of Customs of Cambodia, Cambodia's total exports in September fell by 7.5% compared with the same period last year. Ken Loo, Secretary General of the Cambodian Garment Manufacturers Association, an industry organization, said he believed that Cambodia's exports to the European market would continue to decline in the fourth quarter of this year until 2023. ​ Luo from the Cambodian Garment Manufacturers Association said that what made the problem more complicated was that many European buyers had "excess inventory" after the surge of trade in the first few months of 2021 and the oversupply during the post epidemic recovery. ​ However, business interest groups offered relatively optimistic views on short-term trade between Europe and Southeast Asia. ​ Trinh Nguyen, senior economist in charge of Asian affairs at Natixis, a French investment bank, said that enterprises should expect exports to slow rather than collapse. ​ Nguyen added that not all Southeast Asian markets will be affected in the same way. Export oriented economies such as Vietnam and Cambodia are expected to be more vulnerable to Western economic problems because their exports account for a high proportion of GDP. In addition, as two major buyers of Southeast Asian goods, the European and American markets may experience a slight economic recession at the same time.

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Reduced demand but overcapacity.

As the epidemic has stimulated consumer demand, the performance of the global container transport industry has increased significantly, and the profits in the past three years are almost the sum of the past 60 years. The world's major shipping companies Mediterranean Shipping, Maersk, Daffy and Hebrot have all experienced unprecedented market prosperity. However, the current market upward cycle seems to have peaked. Drewry, a shipping consulting company, estimated that the total profit of the integrated transportation industry in 2019 was only about $7 billion, which would expand to $26 billion in 2020, soar to $210 billion in 2021, and increase to $270 billion in 2022. The profit of the consolidation industry from 2021 to 2023 is equivalent to the sum of the container ships from the 1950s to 2020. However, since the third quarter of this year, the peak season of the centralized transportation market has been cold. Although the problem of terminal congestion has not been alleviated, the freight rate has dropped by about 30%. Many countries face the threat of economic recession, and the container transport market may also be affected. While the demand is decreasing, the integrated transport company has to face a large number of new capacity. Alphaliner's data shows that at present, the proportion of container ship hand orders in the existing fleet has surged to 28% from the historical low of 8% in 2020. Simon Heaney, senior manager of Deluli, said that the container transport company would probably regret the increase in transport capacity in 2022. If the economy is really in recession and the demand for centralized transportation is cooling faster than expected, it will speed up the recovery of the port and release more transportation capacity. At present, many newly built container ships have begun to be delivered for operation, and there is a risk of serious oversupply next year. However, after integration and merger, the concentration of the shipping industry is higher at present. The only remaining major shipping companies have more scale and are members of the three major shipping alliances, so they can cooperate to adjust the transportation capacity. Centralized transportation companies can also reduce transportation capacity by reducing fixed flights, idle ships, delaying delivery time, etc.

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US demand is weakening and shipping industry will suffer

At the Marine Money Conference held in Copenhagen, Allan von Mehren, chief analyst of Danske Bank, Denmark's largest bank, said that after years of high demand for American goods, the consumption pattern of the United States is changing and will eventually have an impact on shipping. With the rise of interest rates and inflation, a dark cloud is forming over the global economy, which also leads to the slowing down of the huge consumption upsurge of the United States to buy goods from Asia. |The shipping industry will also be impacted Allan von Mehren said that American consumers are shifting their consumption patterns from buying TV sets, electronic products and building materials to the service industry. Allan von Mehren said that the demand of the service industry now seems quite strong, but it will not bring much benefit to shipping. However, the change of consumer consumption pattern in the United States is only one of the important factors affecting the shipping industry (especially the consolidation industry). The outlook for the world economy is worrying. Allan von Mehren also said that due to inflation and rising interest rates, as well as the European energy crisis after the Russian Ukrainian conflict, the global economy is still in danger of recession. In addition, Allan von Mehren listed a series of factors that inhibit economic growth, such as the uncertainty brought about by the Ukrainian war, the record decline in real wages of consumers, and the financial difficulties faced by enterprises and the real estate market (rising interest rates, inflation, rising energy costs).

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Terms & Condition

eCon-Network Terms of Service Contain the following.

Introduction

Welcome to eCon-Network!

Thank you for using our services and products. We are eCon-Network.

eCon-Network Standard Terms and Conditions written on this webpage shall manage your use of our website, eCon-Network accessible at eCon-Net.com.

These Terms will be applied fully and affect to your use of this Website. By using this Website, you agreed to accept all terms and conditions written in here. You must not use this Website if you disagree with any of these

Website Standard Terms and Conditions.

Intellectual Property Rights

Other than the content you own, under these Terms, eCon-Network and/or its licensors own all the intellectual property rights and materials contained in this Website.

You are granted limited license only for purposes of viewing and using for your container business the material contained on this Website.

Restrictions

You are specifically restricted from all of the following:

Publishing any Website material in any other media;

Selling, sublicensing and/or otherwise commercializing any Website material;

Publicly performing and/or showing any Website material;

Using this Website in any way that is or may be damaging to this Website;

Using this Website in any way that impacts user access to this Website;

Using this Website contrary to applicable laws and regulations, or in any way may cause harm to the Website, or to any person or business entity;

Engaging in any data mining, data harvesting, data extracting or any other similar activity in relation to this Website;

Using this Website to engage in any advertising or marketing.

Certain areas of this Website are restricted from being access by you and eCon-Network may further restrict access by you to any areas of this Website, at any time, in absolute discretion. Any user ID and password you may have for this Website are confidential and you must maintain confidentiality as well.

Your Content must be your own and must not be invading any third-party's rights. eCon-Network reserves the right to remove any of Your Content from this Website at any time without notice.

No warranties

This Website is provided “as is,” with all faults, and eCon-Network express no representations or warranties, of any kind related to this Website or the materials contained on this Website. Also, nothing contained on this Website shall be interpreted as advising you.

Limitation of liability

In no event shall eCon-Network, nor any of its officers, directors and employees, shall be held liable for anything arising out of or in any way connected with your use of this Website whether such liability is under contract.

eCon-Network, including its officers, directors and employees shall not be held liable for any indirect, consequential or special liability arising out of or in any way related to your use of this Website.

Indemnification

You hereby indemnify to the fullest extent eCon-Network from and against any and/or all liabilities, costs, demands, causes of action, damages and expenses arising in any way related to your breach of any of the provisions of these Terms.

Severability

If any provision of these Terms is found to be invalid under any applicable law, such provisions shall be deleted without affecting the remaining provisions herein.

Variation of Terms

eCon-Network is permitted to revise these Terms at any time as it sees fit, and by using this Website you are expected to review these Terms on a regular basis.

Assignment

The eCon-Network is allowed to assign, transfer, and subcontract its rights and/or obligations under these Terms without any notification. However, you are not allowed to assign, transfer, or subcontract any of your rights and/or obligations under these Terms.

Entire Agreement

These Terms constitute the entire agreement between eCon-Network and you in relation to your use of this Website, and supersede all prior agreements and understandings.

Governing Law & Jurisdiction

These Terms will be governed by and interpreted in accordance with the laws of Hong Kong, and you submit to the non-exclusive jurisdiction of the state and federal courts located in Country for the resolution of any disputes.

eCon-Network Terms of Service Version: 1.0

Notification Date: January 21, 2021

Privacy

eCon-Network (hereinafter referred to as the “Company”) has established and complies with a privacy policy (hereinafter referred to as “Privacy Policy”) in order to actively protect customers’ personal information and comply with all laws related to personal information. In addition, through the Privacy Policy posted below, the Company informs customers the purpose and method of usage regarding the personal information that they provided, and the measures implemented to protect personal information.

This Privacy Policy is disclosed on the website operated by the Company, and can be easily accessed by customers at any time. The Company’s Privacy Policy includes the following:

1. How to Consent to Collection/Use of Personal Information

Consent to the collection and use of customers’ personal information, provision of personal information and consignment of personal information processing to third parties is completed by clicking the button for Personal Information Collection/Use Agreement. Prior to clicking, please read carefully the Privacy Policy and Personal Information Collection/Use Agreement posted on the PC or mobile website (https://www.econ-net.com).

2. Items and Purpose of Collection/Use of Personal Information

The Company collects and uses the minimum personal information required for service delivery. It shall not be used for any purpose other than the one for which consent was provided, and if the purpose of use changes, the Company shall take necessary measures including obtaining consent from the information subject.

1)Collection method

Information collection through the use of PC or mobile website services

Collection of information generated via a log analysis program

Collection of information via cookies

2)Items, purpose, and retention period of collected personal information

Purpose of collection and use Use of eCon-Network service, receipt and processing of inquiries, and notification of processing results

Collected items business type email address, company phone number, company name, country

3)Information generated and collected during service use or processing

During service use or processing, the following information may be generated and collected to deliver personalized services.

Frequency of use, service use duration and usage record

Access log and access IP information, cookie, usage record.

3. Period of Retention and Use, and Disposal of Personal Information

1)Period of use and retention

The Company shall retain and use personal information only during the period (usage period) to which the customer has provided consent for the purpose of service delivery and inquiry processing.

2)Procedure and method of personal information disposal

a.Disposal procedure

The information provided by the customer for service delivery is transferred to a separate database after the given purpose is achieved, stored for a certain period according to the reason for retention in accordance with internal policies and other relevant laws, and then disposed in the manner specified in subparagraph “c. Disposal Method” below. Personal information transferred to a separate database will not be used for any other purpose,

unless it is retained for legal reason.

b.Disposal subject

Information for which the retention period and the preservation period have expired in accordance with relevant laws and regulations.

c.Disposal method

Personal information on handwritten or printed media: Shredding or incineration

Personal information stored in an electronic file format such as a database: Deleted irreversibly using a technical method.

4. Installation, Operation, and Rejection of Automatic Personal Information Collection Device.

During the usage of the Company’s service or inquiry processing, etc., cookies, service use records, and user device information may be automatically generated and collected.

A “cookie” refers to data that a website sends to the user’s web browser (Internet Explorer, Chrome, Firefox, etc.). The Company accesses the cookies saved on customers’ PCs from their visits to the website, analyzes the information stored on the cookies, such as browsing history, information of services used, time and frequency of service use, and other information generated or provided (entered) by customers during their use of the website and utilizes the results to provide better services, deter fraudulent use, and identify user errors.

Customers have the right to allow all cookies, request notifications whenever cookies are stored, or to block all cookies by selecting the relevant option through the “Internet Options” tab on the tool bar at the top of the web browser. However, blocking cookies may cause inconvenience in terms of service use.

5. Customers’ Rights regarding Personal Information and the Exercise of Such Rights

A customer can visit the Company’s website and submit a request for correction, deletion, or access regarding his/her personal information that is stored by the Company at any time.

1)A customer may request access and verification via the website and the Company’s customer service center.

2)When a customer requests access and verification of his/her own personal information, the customer must provide identification (or copy thereof) such as a resident registration card, a passport, or a driving license (new version) to verify his/her identity.

3)When a customer wishes to designate an agent to access and gain verification of his/her personal information, the customer must provide proof for the power of attorney, the certificate of registered seal in the customer’s name, and proof of identity for the agent, in order to verify the identity of the agent as necessary.

4)If a customer requests correction of his/her personal information, the relevant personal information shall neither be used nor provided to third parties before the update is completed. If incorrect information has already been provided to third parties, the Company shall immediately notify the relevant third parties with the corrected information to ensure that the necessary correction is made.

5)However, access and correction of personal information may be restricted in exceptional cases as follows:

a.If it is likely to cause substantial damage of the life, body, property or rights and interests of the principal or third parties.

b.If it is likely to cause substantial interference to the operation of the service provider.

c.If it violates laws or regulations.

6. Personal Information Manager and Customer Service Department

The Company has designated a personal information manager and a department responsible for personal information protection as follows and also operates a consultation channel for personal information protection to ensure clear communication with customers.

1)Personal information manager

Name and department: RM A3, 6/F BLK A WING NING BLDG 501 SHUN NING RD CHEUNG SHA WAN KL

Contact: + 86 543 22 343

7. Consent to the Consignment of Personal Information Processing

The Company externally entrusts personal information processing to operate and maintain its service, and to manage and provide convenience for customers. The Company manages the consignee by contractually obligating its compliance with the relevant laws and guidelines, information protection and confidentiality, and obligation to return/destroy personal information immediately after the expiration of the entrustment period, etc.

Consignee

Purpose of consignment

eCon-Network website.

8. Withdrawal of Consent to the Collection, Use or Provision of Personal Information

1)Customers may request to access, correct or delete personal information at any time. To access, correct, or delete personal information, contact the personal information manager in writing, e-mail, or phone, and appropriate actions shall be taken without delay following the identity verification process.

However, requests for personal information access may be restricted or refused in the following cases:

If there are special regulations under the law or when access is prohibited or restricted by law.

If there is a risk of harming another person’s life or body, or unjustly infringing another person’s property and other interests.

If it is likely to cause substantial interference to the operation of the service provider.

2)Customers may request the withdrawal of consent to the collection and usage of personal information, and request the deletion, or suspension of processing regarding such data. Contact the personal information manager, and appropriate actions shall be taken without delay following the identity verification process.

9. Data Collection of Children Under Age 14

In principle, the Company does not collect personal information of children under the age of 14 (hereinafter referred to as “Children”).

10. Technical and Administrative Protection of Personal Information

The Company has implemented the following technical and administrative measures to ensure security by preventing the loss, theft, leakage, tampering or damage of personal information.

1)Technical protection measures

a.Personal information is protected by a password, and critical data is protected with additional security functions such as encryption of files and transmitted data or using a file locking function.

b.The Company adopts a security system for the secure transmission of personal information over its networks.

c.In order to prevent the leakage of customers’ personal information by various intrusion methods (e.g., hacking), the Company installs its systems in a controlled area with restricted external access and use of intrusion-blocking devices.

2)Administrative protection measures

a.The Company has implemented a procedure for managing and accessing customers’ personal information, ensuring understanding and compliance among employees, and carrying out regular inspections on the compliance status.

b.The Company minimizes the number of employees who handle personal information and manages access authority, while providing training on compliance with laws and regulations. The employees who handle customers’ personal information are as follows:

Those in direct or indirect customer-facing roles

Those in charge of the management and protection of personal information including personal information manager or personal information officer

Other employees who unavoidably access personal information when carrying out work-related tasks

c.When hiring new employees, the Company prevents the leakage of information (including personal information) by employees by requiring them to sign a pledge of information security, while providing frequent reminders of obligations for personal information protection and implementing an internal procedure to audit their compliance.

d.The handover of responsibilities by a personal information handler is conducted while ensuring strict security and clearly-defined liability against cases of personal information infringement when joining or leaving the Company.

11. Duty of Notification

Any addition, deletion, or modification regarding the content of this Privacy Policy in line with a policy change by the government or the Company for reasons such as changes in security technology shall be posted on the website prior to the amendment.

Privacy Policy Version: 1.0

Notification Date: January 21, 2021