World Trade News

 

World Maritime University Celebrates 2022 Graduation

Nov 02, 2022

On October 31, 2022, global maritime leaders of tomorrow graduated from the World Maritime University (WMU). The Class of 2022 has received the education required to contribute to maritime and ocean matters in their home countries and more broadly to the implementation of the United Nations Sustainable Development Goals (UN SDGs). Overall, the graduating class includes 276 graduates from 70 countries…

FMC Mulls Investigation into Suez and Panama Canal Impacts

Feb 11, 2024

The US Federal Maritime Commission (FMC) held an informal public hearing examining impacts from attacks on merchant shipping in the Red Sea and Gulf of Aden on February 7.Opening the hearing, Commissioner Carl Bentzel, voiced concern about safe access through both the Suez and Panama Canals…

AD Ports Group and Vietnam Maritime Administration Sign MoU

Dec 03, 2023

AD Ports Group and the Vietnam Maritime Administration (VINAMARINE), have signed a memorandum of understanding (MoU) to bolster commercial opportunities across various sectors, including ports, logistics, digital solutions, economic cities, free zones…

Positive Volumes for Dry Bulk Trade, but Prospects Set to Dampen

Sep 20, 2023

The unwinding of supply chain inefficiencies and rising vessel orders are set to dampen positive deadweight demand in the dry bulk market, according to Maritime Strategies International (MSI).COVID-related supply chain inefficiencies and associated…

China's Renewed Appetite for Australian Coal Disrupts Asia flows

Aug 10, 2023

China's renewed appetite for Australian coal after Beijing ended its unofficial ban on imports, coupled with strong overall demand for the fuel used to generate power, is forcing a realignment of seaborne flows in Asia.China's total coal imports have soared this year…

Majority of Western Australians Want Live Sheep Export Banned

Jun 19, 2023

Independent polling commissioned by the RSPCA in May 2023 found 71% of Western Australians support the Federal Government’s policy to phase out live sheep export by sea.This includes 72% of people in metropolitan areas, and 69% in rural and regional Western Australia…

Gas Trade Driven by Demand from EU and Latin America

Jun 18, 2023

The Gas Exporting Countries Forum (GECF) has released its June GECF Monthly Gas Market Report highlighting that growth for May was primarily driven by robust LNG demand in Europe and Latin America and the Caribbean, which offset weaker imports in the Asia Pacific and MENA regions…

New Rail Link Planned for Trans-Caspian Transport

May 22, 2023

PSA International and Kazakhstan Railways (KTZ), the operator of the main railway network of the Republic of Kazakhstan, have signed an agreement to establish a joint venture company KPMC to promote the development of the Trans-Caspian International Transport Route (TITR)…

World Shipping Council Speaks Out on Threat to Vessel Sharing

Mar 28, 2023

The World Shipping Council (WSC) has spoken out against new US legislation which aims to eliminate current vessel sharing arrangements as set out in the Shipping Act.The act establishes rules that provide legal certainty to ocean carriers to share space on ships while ensuring competitive markets…

Valenciaport Notes that War, Inflation, Shortages Hamper Spanish Export Activity

May 18, 2022

Between January and April, the number of containers full of cargo (export) fell by 12.72% and those unloaded (import) increased by 6.96%The geopolitical situation, the war in Ukraine, the increase in the cost of energy and the shortage of raw materials are weighing down export activity…

Logistics News

GAC to Acquire Quadrant Pacific’s Ship Agency Business

GAC to Acquire Quadrant Pacific’s Ship Agency Business

US East Coast Port Union Strike Threat to Test Shippers' Nerves

US East Coast Port Union Strike Threat to Test Shippers' Nerves

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Xeneta: US Importers Caught in a Vicious Circle

Xeneta: US Importers Caught in a Vicious Circle

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