Tag: maritime trade

As of 6 June 2017, ports across Saudi Arabia, Bahrain and the United Arab Emirates are closed to ships flying Qatari flags. Some ports may also be closed to ships, irrespective of their flag, that are destined for or arriving from Qatari ports, which in practice, means a trade embargo.

Kawasaki Kisen Kaisha, Mitsui O.S.K. Lines, and Nippon Yusen Kabushiki Kaisha have announced that their new joint venture, which will integrate the three companies’ container shipping businesses, will operate under the tradename “Ocean Network Express.”

China’s One Belt One Road (OBOR) aims to connect the country with Central and South Asia, Europe, Middle East and Africa. Hoegh Autoliners explains how this new initiative will have a great impact on trade and shipping in the long run.

A new Canada Tariff Finder tool has been introduced offering to Canadian companies the ability to quickly find information about tariffs that may be added to the goods they export to foreign markets, under the various free trade agreements Canada has made with other countries.

European shipowners published their priorities when it comes to Brexit negotiations outcome, stating that the current operating climate should be preserved as much as possible even after the Brexit, under the fundamental acquis of the EU: Free movement of goods and persons.

On 16 May 2017, ship tracking intelligence company MarineTraffic and the United Nations Conference on Trade & Development signed a Memorandum of Understanding, in order to share information and data that will enable both organisations to enhance their services and allow for more accurate analysis of global trade and shipping trends.

Twenty-nine foreign leaders and more than 1,500 delegates from over 130 nations attended the Belt and Road Forum for International Cooperation in Beijing over the weekend. Chinese President said that the country aims to create a new model of co-operation and mutual benefit through the advancement of the framework. However, some critics are skeptical about China’s goals.

Responding at the lack of clear guidance on how customs authorities should treat return-refill container systems, ICC has released a set of business recommendations on the issue calling on the World Customs Organisation to develop international guidelines on return-refill container systems in close cooperation with the private sector.

As of June 30, the $1.6 billion raising of the Bayonne Bridge roadway will allow the world's ultra-large, environmentally friendly container vessels to pass beneath the span, gaining access to the Ports of Newark, Elizabeth, and Staten Island, the Port Authority of New York and New Jersey informed.

iContainers announced that the value of all cross-border cargo movement between the US and its North American Free Trade Agreement partners, Canada and Mexico, fell 3.4% to $1.069 trillion. Of the five main freight transportation methods in the US, rail is the only one to register an increase (0.2%) in 2016.