Latest Shipping & Freight forwarding market updates May 2023
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Latest Shipping & Freight forwarding market updates [May 2023]

Staying informed about the ever-changing dynamics of the competitive freight forwarding market is crucial. The global freight market continues to experience significant growth, as highlighted by the latest data from Statista. Alongside this growth, shipping costs and container loads have been subject to fluctuations. Brace yourself for the May 2023 update, where we unravel the industry's most captivating insights and trends. Discover the secrets to navigating this ever-evolving landscape and gain a competitive edge. Don't miss out on this thrilling opportunity to delve into the exhilarating world of the freight forwarding market. Get ready to embark on an exciting journey toward success with Siam Shipping shipping services!

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FI Dangerous Products
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Dangerous products

Siam Shipping, through Docshipper is well known in Thailand among importer, and exporter, because of an amazing capacity to ship DG goods from Thailand but also to Thailand. This guide will help you a lot through your decisions on exporting/importing certain varieties of products in/from Thailand.

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Economy Thailand Siam Shipping
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Economy of Thailand

According to the IMF, the economy of Thailand is considered as an emerging economies, heavily dependent on exports which account for over half of GDP, 654 billion of dollars in 2015. This same year, Thailand is the second largest economy in Southeast Asia, after Indonesia but ahead of Malaysia.

The recovery in Thailand since the Asian economic crisis of 1997, is expressed in particular by specializing in certain export sectors such as automotive, food processing, electronics that make return significant amounts of foreign currency as tourism. GDP growth of Thailand has been running for a decade between 2% and 8%, with high volatility, especially because of the consequences of tensions in the South of Thailand, the 2004 tsunami and political instability linked to shirts red and yellow shirts and the 2008 crisis.

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Incoterms
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Incoterms 2020 [Quick & Simple Guide]

The Incoterms rules or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC). They are widely used in International commercial transactions or procurement processes. A series of three-letter trade terms related to common contractual sales practices, there are intended primarily to clearly communicate the tasks, costs, and risks associated with the transportation and delivery of goods.

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