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

U.S. import demand plummets

The latest ocean container bookings data show that despite strong levels of inbound cargo to the U.S. in the first five months of 2022, import demand is not only weakening. Freightos showed a 38% month-on-month drop in container spot prices from China to the U.S. West Coast as capacity across the Pacific remained relatively stable. While freight forwarders will enjoy expanding ocean shipping profits, U.S. trucking companies and intermodal suppliers may begin to see volumes drop. Compared to May 24, the number of containers destined for the U.S. fell by more than 36%. It's a troubling sign for the U.S. domestic freight market, which has benefited from an unprecedented surge in containerized imports over the past 18 months. As ocean transit times for these inbound containers have recently averaged between 30 and 35 days, the first few weeks of July will see a drop in container volumes at U.S. ports. This has also led to a decline in U.S. containerized imports from all other countries, returning to summer 2020 levels.   | Sharp drop in U.S. import demand The most direct reason is the backlog of US inventories. Consumer buying patterns are rapidly normalizing to pre-pandemic levels, and U.S. retailers are stuck with too much inventory. Analysts said the buildup of U.S. merchandise inventories will inevitably lead to a slowdown in new import orders abroad. Furthermore, it is a Fait Accompli that inflation affects the distribution of consumer spending. The build-up of inventories and peak US inflation will inevitably lead to a slowdown in new import orders, adding to the disruption to US container import demand.

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U.S. imports expected to remain strong.

Despite soaring inflation and dampened consumer confidence, Port of Los Angeles Chief Executive Gene Seroka believes U.S. import container volumes will continue to strengthen in the coming months. Seroka said retailers continue to replenish inventories, merchandise sales remain strong, parts imports into U.S. factories are also increasing, and a lot of cargo is on the way, starting to arrive by the end of the month. He expects volumes to peak earlier this year. Seroka noted that the number of ships leaving Asia has been very stable. Data from the Marine Exchange of Southern California showed 47 container ships left Asia this week for the ports of Los Angeles or Long Beach. If there is no recession, the supply chain will face challenges in the second half of the year. On the positive side, queues of ships outside Southern California ports are tapering off. There were 27 container ships waiting for berth outside the ports of Los Angeles and Long Beach on Tuesday, down from 109 in January. On the negative side, the 30-day average of cargo shipped from the terminal was 179,000 TEU, which was lower than the previous average of 200,000 TEU; the dwell time of containers and chassis was 9 days, compared to the normal 3.5 days. The terminal railway operation problem is particularly prominent. There are currently 29,000 containers at the terminal awaiting rail transfer, of which 15,000 have been waiting nine days or more. In addition, another challenge that may be faced during the peak season is negotiations between dockworkers and their employers. The port labor contract will expire on July 1 this year. On Tuesday, the two sides issued a joint statement stating that an agreement was unlikely until then, but that there would be no disruption to the movement of goods.   Article source: FreightWaves

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The global average monthly price of containers rose for the first time this year.

Container xChange recently released its monthly report - "Where are the containers?" The data in the report shows that in May this year, the global monthly average price of containers rose for the first time month-on-month. Among them, the 20-foot DC rose an average of 5.4% (from $2,207 to $2,330), and the 40-foot HC rose by an average of 15% (from $3,800 to $4,410). The exception is China, where average container prices and leasing rates are still falling despite reopening. "In the past few months, Shanghai, Beijing, and Tianjin were almost in a state of blockade. These cities have very close economic and trade ties with other cities in China, so shipments throughout China have been affected. Shanghai is an auto parts market. Shenzhen is the main assembly center for automobiles. If the number of parts sent from Shanghai to Shenzhen is not enough, the assembly activity in Shenzhen will slow down, and Shenzhen’s exports will have to slow down.” Although container prices have continued to decline in the past few months due to lower demand for containers in China. But given that the pent-up demand during that time is bound to explode, container prices in China will soar in the short term. In the medium to long term, Container xChange agrees that the tension in the global supply chain will gradually ease. So they believe that the average container price will drop and the container turnaround time will return to normal. Some people think that the decline in commodity consumption demand will soon threaten freight demand, but due to the characteristics of uneven distribution of containers, coupled with a slight demand boost brought by the peak season, the market will not change very significantly.

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Fire breaks out at BM container yard in Bangladesh.

A fire broke out at the BM container yard near Chittagong, Bangladesh, at 9pm local time on June 4, causing a container explosion that destroyed more than 1,000 containers. Lt. Col. Ariful Islam Himel told a press conference on June 7 that the fire was still not fully extinguished 60 hours after it broke out, but that it was under control and there was no risk of explosion and further fire spread at the site. The warehouse covers more than 105,000 square meters and holds more than 4,000 containers, some of which contain dangerous chemicals, so it will take a long time to bring the fire under control. According to the BBC, Bangladeshi officials said the fire at the depot was exacerbated by containers of dangerous chemicals that had been mislabeled. Officials accused the yard operator of failing to store the chemicals safely and improperly labeled containers containing hydrogen peroxide, which led firefighters to misjudge and set off an explosion that exacerbated the deadly blaze. Hundreds of firefighters, police and volunteers rushed to the scene after the blaze broke out around 9pm local time on June 4. As they were putting out the fire, a huge explosion shook the scene, engulfing many rescue workers and throwing debris and people into the air. Witnesses said the first explosion was followed by several explosions as the fire spread The incident has been compared to the 2020 Beirut port bombing, in which 214 people died. Forty-three people were killed and about 300 injured. Local police chief Abul Kalam Azad said an investigation into the cause of the fire was underway. 

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The peak season of container transportation market may come ahead of schedule

Shanghai's export container freight index (SCFI) has been rising continuously. Although the freight rate of the US western line is still at a new low this year, with China gradually unsealing and returning to work, the peak season of this year's centralized transportation market is expected to come ahead of schedule. Industry insiders believe that Shanghai, Suzhou and Kunshan are returning to work one after another, which is expected to usher in a wave of retaliatory shipments. In addition, the traditional peak season in the third quarter is coming, and there is expected to be a wave of goods in Europe and the United States. The peak season performance can be expected. According to the latest data on May 23, the number of vessels waiting for unloading at Los Angeles port and Long Beach port on the West Bank of the United States has dropped to 28, the lowest level since the beginning of August last year. Compared with the number of vessels in January this year, the number of vessels waiting for unloading has decreased significantly. However, last week, the average number of vessels waiting for unloading at New York and New Jersey Port increased to 18, and the number of vessels waiting for unloading at Savannah port, the fourth largest port in the United States, was 16. In addition, in April this year, the average waiting time for containers in Los Angeles port and Long Beach port to be picked up by truck was 6 days, while that for railway transportation was 9 days. Recently, although there are signs that the demand for centralized transportation in the United States has slowed down, such as the reduction of orders by retailers such as target and Walmart, the data show that the import volume of major ports in the United States in the first quarter of this year still increased by 6.6% compared with the same period last year. All ports are closely observing whether the resumption of production by Chinese factories will affect the import volume. In addition, months of labor negotiations between American and Western wharf workers may also lead to business interruption, and all walks of life are ready for more shipping delays.

Read More

Freight rates are starting to rise!

▎The freight rate of some routes will increase, and 78 voyages will be canceled   The latest issue of the Baltic Sea Freight Index (FBX) global composite freight index rose 3% from the previous week to $8,466/FEU, the first rise after 12 consecutive weeks of declines. The market expects that the spot freight rate will increase rapidly as the labor contract expires at the West American port on July 1. While U.S. consumers are facing inflationary pressures, shipping lines are reporting strong demand on trans-Pacific routes, and some carriers are limiting their committed contract business in favor of more profitable spot cargo operations. According to the report, between Weeks 21 and 25, a total of 742 scheduled sailings on major routes such as Trans-Pacific, Trans-Atlantic, Asia-Nordic, and the Mediterranean, 73 of which will be canceled, and 71% of blank sailings will appear on trans-Pacific On the eastbound Pacific route, mainly to the west coast.   ▎Xeneta: The long-term freight rate of reefer containers has risen sharply   The cost of transporting refrigerated cargo across the Pacific has increased significantly recently. The price of a one-year contract for a 40-foot reefer container rose nearly 60 percent to about $2,000, according to freight benchmarking platform Xeneta. Xeneta chief executive Patrik Berglund said customers can expect "some pain at the contract negotiating table" due to high energy prices and recent strong trends in the freight market. Berglund stressed that despite the marked decline in cargo volumes on the route, prices are still rising. In the first quarter, reefer container shipments from the West to the Far East fell by 37%.

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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