China is postponing its decision that would have allowed the use of tiger bone and rhino horn by hospitals and domestic trade in antique tiger and rhino products. Before this, during October, chinese authorities lifted a quarter-century ban on the use of tiger and rhino parts.
Myanmar and China signed an agreement regarding the Kyauk Phyu Special Economic Zone Deep-Sea Port Project. The project is part of the Belt and Road initiative, while its first phase will cost about $1.3 billion. The first phase of the project will cost about $1.3 billion.
The Afghan Ministry of Transportation is considering to form the shipping sector, in order for ships to be able to conduct commercial activities flying the Afghanistan’s flag in free waters. The shipping line which will be shared with neighboring countries such as Iran and India, along with other countries of the region as well.
Odfjell reported its results for Q3 2018, which as the company said, reflect a stable chemical tanker market, despite the fact that the market remained depressed during the quarter. Currently, the global core chemical tanker orderbook remains at 8% of the current fleet.
US Secretary of State Mike Pompeo has granted an exception to some US sanctions that will enable the India-led development of Chabahar port in Iran. This Port is considered as a corridor to advance Afghanistan’s economy. The waiver permits the construction of a railway line from Chabahar port to Afghanistan, as well as shipments to the latter of non-sanctionable goods.
The oil market is about to face a difficult few months, after the US imposed secondary sanctions on Iranian exports. This led Brent to over US$80 a barrel in October. However, currently there is enough supply to meet demand this winter, but the margin for error is little, Woodmac said.
The short video, published by the International Union of Marine Insurance, provides an overview of the Union’s work since 1874 when international trade was growing and new markets were emerging. Operating at the forefront of marine risk, IUMI gives a unified voice to the market, tackling industry issues and challenges through effective representation and lobbying activities.
The United States has granted temporary exemptions to China, India, Italy, Greece, Japan, South Korea, Taiwan, and Turkey allowing them to continue buying Iranian oil. More than 20 importing nations have zeroed out their imports of crude oil from Iran.
The trade war combined with the Chinese tariffs on imports of US soya beans are making their affects visible during the beginning of the soya bean exporting period in the US, as it has seen a 97% decrease in the amount of soya beans it sends to China, BIMCO said.
The International Transport Forum published a report assessing the affect of alliances on the maritime transport chain and its main stakeholders. It also analyses their impacts on competition and what benefits they may bring, as well as policy options for governments.
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