French carrier CMA CGM announced the reshuffling of its standalone EMED EXPRESS 2 – Intra Levant service set up, connecting Lebanon, Syria, Egypt and South Turkey effective as from mid May. The service will be extended to Iskenderun, Mersin and Damietta…
The U.S. trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, and the gap could widen further as the nation's economic activity rebounds faster than its global rivals.Manufacturers lack the…
CMA CGM's Intra-Asia short sea shipping arm CNC announced the addition of Semarang Express (SRG), Palembang Express (PLM) and Bangkok Express (BMT) to its services portfolio.The newly introduced SRG will call at the ports of Singapore and Semarang twice a week…
MSC Mediterranean Shipping Company is introducing the electronic bill of lading (eBL) for its customers globally following a successful pilot phase of the independent blockchain platform.The eBL enables shippers and other supply chain stakeholders…
APM Terminals Pipavav said it has secured CI1 (China-India Express) service operated by Cosco/OOCL. The weekly service to the Port Pipavav in India will carry Freights of all kind (FAK) for import and export to the Far East region. The first vessel…
Abu Dhabi Ports has hired banks to arrange an issuance of 10-year U.S. dollar-denominated bonds, which it will use for general corporate purposes, a presentation for investors seen by Reuters showed on Monday.Citi, First Abu Dhabi Bank and Standard Chartered will act as joint global coordinators…
APM Terminals Pipavav secured PIC 2, a new weekly service from Port Pipavav to Jebel Ali marking seamless weekly connectivity to Jabel Ali. The new service is scheduled to reach Pipavav on every Wednesday through the ports of Jebel Ali, Kandla…
Longer sailing distances cushion fall in US crude oil exportsTon mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020. The fall could however have been much worse; In volume terms…
Post-Brexit trade rules mean prosecco supplier Serena Wines 1881 must store bottles destined for Britain on costlier, fumigated pallets in their own corner of its warehouse in the northeast Italian town of Conegliano.The new shipment requirement…
North American import of containerized goods from the Far East soared to a noteworthy high of 1.62m TEU during February 2021, a 100% increase from the low point of the same month last year. Fueled by US stimulus, volumes moving on the trans…
Take a look around you.Perhaps you’re snacking on a banana, sipping some coffee or sitting in front of your computer and taking a break from work to read this article. Most likely, those goods—as well as your smartphone, refrigerator and virtually…
A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say.Dozens of container ships were…
The Vostochny Cosmodrome, a spaceport on Russian territory, is currently being built in the Amur region in the Russian Far East. As part of the project, Mammoet was contracted to unload 14 pieces of heavy and oversized equipment from a barge and transport them to the construction site 60 km away…
A stranded container ship blocking the Suez Canal threatens to make it even more difficult for European and U.S. retailers to keep products in stock during the coronavirus pandemic.The Suez Canal saga that began on Tuesday and could go on for weeks…
The pandemic led to a disruption of the global sectors that also included the ocean trade. International trade witnessed an extensive impact on operations, causing a sharp decline in trade activities worldwide. Only a few technology-driven service…