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.

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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

Taiwan Strait military exercise "affected" the global shipping industry

China's large-scale military exercises in the Taiwan Strait will cause some ships to have to bypass the route, which will again impact the already fragile supply chain and highlight the importance of this key channel of the global supply chain. According to “business insider”, the PLA's military exercises cover the Taiwan Strait, which is one of the world's important shipping lanes. Many Northeast Asian cargo ships departing from China, Japan, and South Korea will enter the western market through the Taiwan Strait. According to data, about 50% of the world's container ships passed through the Taiwan Strait last year. Bloomberg believes that the military exercise may impact the global supply chain, causing a chain reaction of shipping bypass delay and hindering energy transportation. According to the data compiled by Bloomberg, the Taiwan Strait is the key channel of the global supply chain. This year, nearly half of the world's container ships pass through the Taiwan Strait. CNN said that almost 90% of the world's largest container ships passed through the Taiwan Strait this year. Vesselsvalue analyzed the location data of merchant ships currently in Taiwan waters and going to Taiwan. As of last Wednesday, 256 container ships, oil tankers and bulk carriers had been found in Taiwan waters, and another 308 were scheduled to arrive. Of the incoming container ships, oil tankers and bulk carriers, 60 are scheduled to arrive before the end of China's military exercise on Sunday. According to the latest data, in the first seven months of this year, about 48% of the world's 5400 container ships passed through the Taiwan Strait, including clothing, home appliances, mobile phones, semiconductors and other goods, which were shipped to all parts of the world. Peter sand, chief analyst of "Xeneta", a Norwegian transport data, and procurement company, said that ships sailing around the tension area meant that the supply chain would face more difficulties. Peter sand said that Shanghai is one of the busiest ports in the world and is located on the other side of the military exercise. If the conflict between the Taiwan Strait escalates, the port of Shanghai will also be affected.

Read More

Freight rates continue to decline and port congestion is serious

In the latest week, the spot freight rates of most major routes continued to decline. At the same time, in order to curb the decline in freight rates, the number of suspension of liner companies increased significantly compared with the same period last year. In the past two years, the rise of ocean freight rates has brought great pressure to foreign trade enterprises. At present, the pressure on sea freight prices has been greatly relieved. Now it is the peak export season. Many insiders said that the freight rates of most popular routes have decreased to varying degrees compared with the same period last year. Drewry said that the high inventory level of western countries (especially North America), coupled with the impact of inflation and the epidemic, has curbed the demand for Chinese goods. Before placing new orders, the shipper and BCO seem to be waiting for developments in the coming weeks. Recently, HMM, a shipping company, issued a notice saying that the increasing congestion at European terminals and the increase in the detention time of imported containers have led to the continuous rise in the utilization rate of the yard and high workload, which has an adverse impact on the operation, throughput and resources of the terminal. Therefore, more and more terminals are trying to solve the problem of long-term stranded containers through various measures, including transferring containers to separate storage areas and / or imposing additional one-time and / or daily charges on imported long-term stranded containers. HMM said that although it had raised concerns and objections to these surcharges to the terminal, the company reminded customers to pick up imported containers as soon as possible within the free period to avoid this surcharge, otherwise, the additional surcharges levied by the terminal will be transferred to customers. Backlogs continue to plague North America and Europe. Obviously, the current market situation will take time to return to normal. Earlier, a platform released a report saying that shipping companies are adopting more radical air navigation strategies to cope with the decline in demand. Shipping companies will also adopt "other strategies", including slower navigation, to support freight rates and mitigate the impact of soaring fuel costs, he said.

Read More

The freight rate of trans Pacific routes has fallen by more than 50%

At present, the rising inflation rate of major economies in the world has restrained the market demand for container transportation. According to the insiders' analysis, freight rates are expected to continue to fall. Data shows that since the peak in September 2021, the current cross-Pacific freight rate has fallen by more than 50%. Shifl, an online freight forwarder in the United States, said: "the global container volume has been on a downward trend, making freight rates continue to fall. The sharp decline in demand is related to factors such as the tightening of global monetary policy, the shift of consumer spending from goods to services, and the increase in retail inventories in the United States and Europe." In addition, as the inflation rate in the United States and some other developed markets exceeds 9%, carriers are facing increasing pressure. According to the statistics of the U.S. Department of Labor, the U.S. inflation rate rose to 9.1% in June, reaching the highest level since December 1981. Freight rates have been declining since 2022. The Shanghai export container comprehensive freight index (SCFI) released by the Shanghai Shipping Exchange showed that on July 22, the SCFI was 3996.77 points, down 1.9% from the previous week and about 22% from 5109.60 points on January 7. The freight rates of major routes around the world are all in a declining state, among which the freight rates of West us and East US routes have fallen significantly. On July 22, the market freight rates (shipping and shipping surcharges) of Shanghai port exports to the basic ports in the West and east of the United States were $6722 /feu and $9441 /feu respectively, down 10.2% and 6.3% from $7489 /feu and $10073 /feu a month ago. Emily Stausball, a market analyst at XENETA, a benchmark platform for freight rates, also said that in the short-term market in the past month, the spot freight rates of all major routes continued to fall, but the market is also gradually stabilizing. She said: "as long as the market can enter the peak season as expected, the freight may stabilize, but it is expected that it will not return to the previous high."

Read More

The global container surplus is up to 6million TEUs

In 2021, the total volume of global shipping containers increased by 13%, reaching nearly 50 million TEUs, as much as three times the previous growth trend. According to the "annual review and forecast of container census and leasing 2022/23" recently released by Drewry, due to global supply chain congestion, the efficiency of containers is estimated to be 15% to 20% lower than that before the COVID-19. Therefore, leasing companies and shipping companies have ordered a record number of containers, and the number of obsolete old containers has also decreased. Drewry estimates that in 2021, the average rise and fall of each container was 18.1 times, compared with 19.2 times in 2020, and about 19.5 to 20.6 times in 2010. In addition, at the beginning of the epidemic in 2020, the number of containers per cabin increased by 8% and remained at this level throughout 2021. Drewry estimates that there are as many as 6 million TEU excess containers in the global container equipment pool. Although according to historical standards, this amount has been a lot, Drewry believes that this excess in the shipping industry is still controllable at present. Drewry predicts that the output in 2022 and 2023 will be significantly lower than last year, with 3.9 million TEU and 2.4 million TEU respectively, with replacement orders accounting for the majority. Although the prices of new and used cases will decline, it is not expected to return to the extremely low prices in 2019, because manufacturers will carefully manage production capacity and formulate pricing strategies. At the same time, the second-hand container market is still strong, and the use of containers in second-hand transactions continues to expand.

Read More

Will ocean freight rates drop this year?

The sea freight has fallen to the same period last year, and the sky-high freight has reversed greatly in August? According to the data, the import volume of containers at the top ten ports in the United States has decreased by an average of 25% since May this year. According to the data of the Southern California Maritime exchange, the number of ships waiting for unloading at Los Angeles port and Long Beach port has decreased from 109 in January this year to 22. The latest data of the Baltic index shows that the freight per container from China to the west of the United States recently was $9585, down 34% from the beginning of this year and 50% from the same period last year, but it is still four times that of June 2020. At present, the backlog of undelivered goods in European ports is becoming increasingly serious. This forces shipping companies to give priority to shipping containers full of goods, resulting in a large number of empty containers, which are crucial for Asian exporters, being trapped in export hubs such as the port of Rotterdam in the Netherlands. Maersk announced the latest situation of major ports in northern Europe, saying that Bremen port, Rotterdam port, Hamburg Port, and Antwerp Port are facing continuous congestion, and even have reached a critical level. Some traders are worried that the recent strike by European dock workers will have the nth impact on the global supply chain this year. At present, the general view of the shipping industry is that the epidemic has brought special opportunities to shipping. In the past two years, the congestion of the supply chain has led to a significant extension of transportation time, which is not only related to shipping delays but also related to inland congestion and delays. The greater the problem in the supply chain, the greater the demand for shipping. Some people in the shipping industry describe this phenomenon as the "structural prosperity" of the shipping industry and speculate that once the phased problems caused by the epidemic end, part of the demand will naturally "disappear", and then the shipping industry may face the challenge of excess capacity. Industry insiders said that according to the practice, European and American retailers and manufacturing industries began to pull goods in July, but this year there was a strong wait-and-see atmosphere. The soaring freight rate in the peak shipping season last year is unlikely to reappear, and the trend of cargo volume and freight rate is likely to be clearer in mid and late July.

Read More

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.

Read More

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