AmericasContainersGreater ChinaOperations

Amazon applies for broker status with the Shanghai Shipping Exchange

Further signs are emerging that American online retail giant Amazon is gearing up to become a fully fledged transport operator including in the realms of ocean shipping.

Last month, Splash reported that Amazon’s China affiliate has registered with the US Federal Maritime Commission to become a licenced ocean freight forwarder.

Amazon has registered its Chinese subsidiary, Beijing Century Joyo Courier Service, as a freight forwarder.

It now emerges Amazon has also filed an application with the Shanghai Shipping Exchange to serve as a shipping broker for 12 trade routes, including Shanghai to Los Angeles and Shanghai to Hamburg.

At present, Amazon’s ocean shipping requirements are approximately one tenth of WalMart’s, but are growing fast.

The company is buying up logistics firms, trucks and air freight infrastructure in Europe and the US at the moment with a view to cutting its own logistics costs, which are believed to cost Amazon around $1bn a month.

Tags

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button
Close
Close