The Dubai-based ports operator DP World announced a partnership with Zhejiang China Commodity City Group Company (CCC) to develop the ‘Traders Market’ in Jebel Ali Freezone.The project will span around 800,000 sq m, with phase 1, estimated at $150 million…
Amid the US-China trade war, China has recorded 7.9 billion tonnes of cargo output in the first seven month of the year, an increase of 7.7 percent compared to 2018.According to Chinese state news agency, foreign trade cargo throughput amounted to 2…
The Port of Oakland, a container ship facility located in Oakland, California, in the San Francisco Bay, said that July was the busiest in the Port’s 92-year history for containerized import cargo. According to the Port, it handled the equivalent of 90…
U.S. Treasury Secretary Steven Mnuchin on Monday told reporters he expects to have another telephone call with Chinese officials this week as part of resumed discussions about a trade agreement.U.S. President Donald Trump and Chinese President…
Swiss-based shipping line MSC Mediterranean Shipping Company is improving trade links between Costa Rica and northern Europe by adding a new direct call from the Port of Moin.The container shipping that operates in all major ports of the world said in a press release that MSC Katya R…
With 13.6 million tonnes of container freight handled, April of this year was the best month ever for the Port of Rotterdam. The previous record month was August 2018 (13.2 million tonnes)Measured in TEU, the standard unit for containers, April 2019 was the second-best month ever…
The West Africa Container Terminal (WACT) has invested in a new container freight station (CFS) at the Port of Onne, Nigeria.The 1,520m2 facility - the first of its kind in East Nigeria - provides Nigerian farmers with an opportunity to grow…
The Port of Rotterdam has announced the establishment of the Rotterdam Food Hub, strengthening its position as Western Europe’s biggest transit port for agricultural, horticultural and fishery products.Part of this strategy is the establishment of the Rotterdam Food Hub at Calandkanaal…
Shipping major AP Moller-Maersk Group's export-import (exim)-focused trade finance arm Maersk Trade Finance is targeting a 33 percent loan disbursal growth at $200 million in 2019 in India.The trade financing solution arm of Danish business conglomerate said that it disbursed a total of USD 0…
Trade in counterfeit and pirated goods, mostly originated in China, has risen steadily, posing a major challenge in an innovation-driven global economy, revealed a new study.Trade in counterfeit and pirated goods has risen steadily in the last…
India’s containerised trade with the world has grown steadily, recording an overall import-export trade growth of 6% according to the Q4 2018 trade report released by Maersk, the world’s largest container shipping company.Increasing demand for…
According to a research note from BIMCO, Brazilian soya bean exports are up 85.2% in the first two months of 2019, this following a record high exports in 2018 of 83.6 million tonnes, which was a 22.7% increase from 2017.According to BIMCO,…
India’s containerised trade grew 6 per cent during the last quarter of 2018, with the western region outperforming the other three regions in Q4 trade.A report released by the world’s largest container shipping company Maersk has attributed…
The Intercontinental Exchange will launch new Marine Fuel 0.5% futures contracts in advance of the implementation of the 0.5% sulphur cap by the International Maritime Organization (IMO) in 2020.The operator of global exchanges and clearing…
About 80% of world trade is carried by sea, but the maritime industry handling these goods is on the frontline of climate woes, unless it adapts - fast.United Nations Conference on Trade and Development (UNCTAD) said that the transformation…
