Trade News

 

China Goes from Driver to Brake for Crude Oil, Iron Ore and Copper

Aug 09, 2021

China has switched from driving global demand for major commodities to being a drag on growth, with July's customs data confirming the weakening trend for imports of crude oil, iron ore and copper.The exception to the trend was coal, but the sharp gain in July's imports of the polluting fuel are more a result of China having to go the seaborne market because of domestic policies that curbed local output…

Turkey Halts All Trade with Israel

May 02, 2024

Turkey stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing 'worsening humanitarian tragedy' in the Palestinian territories.'Export and import transactions related to Israel have been stopped…

China Says Belt and Road Cooperation with Italy Fruitful, Rome Sceptical

Sep 04, 2023

Despite Rome's scepticism, China's Foreign Minister Wang Yi said cooperation with Italy under the Beijing-led Belt and Road initiative had been fruitful, with high-quality Italian products having entered 'thousands of households' in China.'The…

Date Set for Australia UK Free Trade Agreement

May 09, 2023

During his recent visit to the UK, Australian Prime Minister Anthony Albanese announced May 31 as the date of entry into force of the Australia-United Kingdom Free Trade Agreement (A-UKFTA).With its entry into force, there will be no tariffs on over 99% of Australian goods exported to the UK…

Port of London Looks to Expand River Commerce at Isle of Dogs Pier

Nov 23, 2022

The Port of London Authority (PLA) has acquired Masthouse Terrace Pier on the Isle of Dogs in East London in an effort to increase light freight on the river.Port of London officials view the project as a step up for London's working river and maritime commerce industry…

Container Shipping Market: Plunging Rates and Blank Sailings

Oct 06, 2022

Peter Sand, the chief analyst of Xeneta discuss recent trends in the container shipping market, from plunging spot rates to blank sailings.The container shipping market has enjoyed a prolonged historic, and somewhat unexpected bull run, as COVID…

Key Container Freight Index Hits Milestone

May 07, 2021

The Valencia Containerized Freight Index (VCFI) exceeds 2,000 points with a growth in April of 17.39%The Valencia Containerized Freight Index (VCFI) continues its upward trend, reaching 2,314.89 points in April, an increase of 17.39% over the previous month…

Chinese Buyers Snap up Indian Steel in Face of Trade Tensions

Aug 31, 2020

India's steel exports more than doubled between April and July to hit their highest level in at least six years, boosted by a surge of Chinese buying in defiance of tensions between Beijing and New Delhi.Traders said reduced prices had driven…

BIMCO: US-China “Phase One” Fails to Boost Trade Volumes

Mar 12, 2020

Even before the effects of the coronavirus, the ‘Phase One’ agreement between China and the US failed to boost volumes of the implicated goods in January. In fact, exports of the manufactured, agricultural and energy goods included in the deal were down 26% from January 2017…

The Maritime Industry and COVID-19

Mar 03, 2020

The COVID-19 epidemic, which was first called the novel Coronavirus and then the 2019-nCoV, is spreading fast around the world.  It is more contagious than the 2002 SARS outbreak, its cousin, but not as lethal.  Unfortunately, its impact on…

AAL Shipping Launches New Service

Feb 11, 2020

The  global ocean transport operator AAL Shipping has launched a new Europe-Middle East/India-Asia Monthly Liner Service to serve the market’s multipurpose vessels (MPPs) and project heavy lift cargo transport requirements.The new service, which connects main ports between Europe…

Oakland Port Volume Jump 7.3% in January

Feb 11, 2020

San Francisco Bay-based container ship facility Port of Oakland said its containerized import volume jumped 7.3 percent last month over January 2019 totals.Exports were up, too, the Port said, lifting hopes for recovery from a U.S.-China trade war…

Australia Becomes World's Largest LNG Exporter

Feb 09, 2020

Australia has become the largest liquefied natural gas (LNG) exporter in the world. The record figure knocked Qatar out of the top spot.'Australia is set to become the world’s largest liquefied natural gas (LNG) exporter this year, overtaking Qatar…

Hojgaard Appointed Chairman of HKSOA

Nov 22, 2019

Anglo-Eastern has announced the confirmation of Chief Executive Officer, Capt. Bjorn Hojgaard, as Chairman of the Hong Kong Shipowners Association (HKSOA). His appointment follows a two-year tenure as the association’s Deputy Chairman, and is…

Hamburg, India Sea Trade Up by 17%

Oct 28, 2019

In the 2019 first half, 106,000 TEU - 20-ft standard containers - were handled in Hamburg on direct services with Indian ports, a gain of 17 percent. This brought India up into tenth place in Hamburg’s ranking of its trading partners for container transport…

Logistics News

Ports of Indiana Says It Aims to Develop Container Terminals

Ports of Indiana Says It Aims to Develop Container Terminals

The Path to Zero: Shell Opens MW Charger in Amsterdam

The Path to Zero: Shell Opens MW Charger in Amsterdam

Singapore Oil Spill Spreads Along Coast

Singapore Oil Spill Spreads Along Coast

GAC to Acquire Quadrant Pacific’s Ship Agency Business

GAC to Acquire Quadrant Pacific’s Ship Agency Business

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