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

Supply chain problems worsen.

▪ Global port congestion is worsening and becoming more common, according to a new report from the Royal Bank of Canada; ▪ The shipping company mentioned the impact of the epidemic lockdown on container shipping at the quarterly earnings meeting.   Global supply chain problems appear set to worsen, as the Russian-Ukrainian conflict, coronavirus-related terminal closures, and some other pressures have resulted in longer port delays and higher costs, according to a new report from Royal Bank of Canada (RBC) on Tuesday... Research by analysts at RBC found that one in five container ships worldwide is currently stuck in congestion at major ports. Ships waiting outside East China ports have increased by 34% over the past month; shipments to U.S. warehouses are taking much longer than usual; in Europe, ships from Asia are delayed by an average of four days, causing many knock-on effects, including There is a shortage of empty containers to ship European-made goods to the eastern United States. " Global port congestion is worsening and becoming more common," Michael Tran, head of digital intelligence strategy at RBC, said in the report, admitting it's hard to say when things will improve. Matson said in its first-quarter earnings report that on the trans-Pacific route, it sees challenges in China's supply chain, mainly due to measures taken to slow the spread of the epidemic, as well as continued supply chain restrictions, and congestion in the West, rising consumption trends and Inventory replenishment. Despite the near-term uncertainty brought about by supply chain challenges in China, the company expects current supply and demand factors to remain largely unchanged through at least the peak season in October and expects demand for its China services to be sluggish for most of the year keep going up. In addition, data from project44 reports that the average wait time for export containers at the port of Shanghai to destinations such as the US decreased during the lockdown. In the last week of April, the metric fell 43% year-on-year to 2.02 days. Wait times for imported containers increased during the lockdown (due to insufficient inland trucking), but the metric fell 15% in the last week of April from the previous week to 10.75 days.

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Normalization of container shipping market may be delayed until 2024.

Recently, the world-renowned management consulting firm McKinsey & Company released a report saying that the global container shipping market may be delayed until 2024 if it wants to return to normal. And even if the container shipping market eventually returns to normal, freight rates in 2024 will still be 50% higher than before the pandemic. The container market has been strained since mid-2020 due to the huge demand for goods in the United States, port closures due to the pandemic, container shortages and extreme congestion at the world's largest and most important container ports. The result of the tight market is the soaring container freight rates. The income and profit of container shipping companies in the past two years have shown a historic increase. The total revenue of the top ten shipping companies exceeded US$100 billion last year. The quality of service to customers and flights, the punctuality rate has fallen to its lowest level in more than a decade. In a report titled "Navigating the Current Disruption in Containerized Logistics." McKinsey, one of the world's largest management consulting firms, provided its views on the current container shipping market. Although shipping lines have been building a large number of new vessels to expand capacity in the past two years, the normalization of the industry is likely to be delayed until the first quarter.  If things get worse, market normalisation could take until after 2024.   McKinsey & Company also noted that container freight rates will remain high for most of 2022, while disruptions to the container logistics supply chain will continue. Steve Saxon, a partner at McKinsey & Company and currently a container market analyst based in McKinsey's Shenzhen office, said that if you asked us a few months ago for our views on the future of the container industry, we would probably also lean towards a positive (recovery) view. But right now, McKinsey is leaning more toward a pessimistic outlook.

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Vietnam accelerates container production to compete with China.

Chinese factories now account for more than 96% of the world's dry containers and 100% of the reefer containers market, and Vietnam is joining the fray and is providing the world with a new container export destination. Steelmaker Hoa Phat Group is developing a container factory in southern Vung Tau province, Vietnam. The plant will be built and put into operation in the last quarter of this year, using Hoa Phat's steel, with an annual capacity of 500,000 teu. Two South Korean companies - Seojin Systems and Ace Engineering - have also built container factories in northern Vietnam, which are expected to be operational later this year. Hoa Phat Group: Plans to supply containers to market in Q4  Nguyen Manh Tuan, vice chairman of Hoa Phat Group, said: "Shipping containers are part of the Hoa Phat company ecosystem, and Hoafa started building a container manufacturing plant amid a global shortage of shipping containers." Hoa Phat Group planned to start the construction of the factory in June 2021, but affected by the fourth wave of the new crown epidemic, the project was officially launched in November 2021, five months later than planned. But after 3 months of construction, 5 workshops, with a total construction area of nearly 7 hectares. Vu Duc Sinh, head of Hoa Phat Group's container manufacturing division, said the first machines and equipment at the plant are expected to arrive this month, with construction to be fully completed by April. The construction progress of the factory is accelerating, and strive to complete the basic construction within 6 months from the date of commencement of construction. Hoa Phat Group's container factory will be commissioned in the third quarter of 2022, with products to market from the fourth quarter of this year. The plant is expected to have a capacity of 200,000 TEU per year by the end of 2023.

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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