The ‘MSC Katya R’ of 4,112 TEU is one of the seven ships that MSC operates between Ecuador and Northern Europe. The ships will serve Moín on a weekly basis and Antwerp will now become the first European unloading port, before Rotterdam and Bremerhaven.
China’s pork output decreased by less than expected during this year’s first half, with the country facing a devastating disease outbreak. However, official data show conflicting figures regarding the size of the decline in the hog herd. This fact has also affected dry bulk shipping, with Chinese soybean imports expected to reduce to 84m tons in marketing year 2018-2019 and 83m tonnes in 2019-2020.
China’s trade with countries participating in the Belt and Road Initiative marked a robust growth in the first half of this year, according to data provided by the General Administration of Customs (GAC), on Friday. Chinese trade with BRI countries totaled 4.24 trillion yuan (= USD 617.5 billion) during this period.
Attempts to address vessel berthing delays at Durban harbour have not led anywhere, as Transnet seemed to receive pressures to mitigate industry fears regarding port-side a strike action for an alleged non-payment of bonuses. After the fact that berthing delays got worse, leading to ships waiting seven days or more to dock, the local markets face important supply chain ramifications.
Imports at US’s major retail container ports will be at high levels this summer, but they are expected to have modest increase in comparison to last year’s rush to bring merchandise into the country, due to scheduled tariff increases, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
In the video issued by the Port of Rotterdam, Heinrich Kerstgens, Managing Director at logistics company Contargo, explains why current trends in the container industry will ask for heavy investments in digitisation and decarbonisation.
Amid a growing interest for blockchain technology in global business, banking giant HSBC issued a video explaining how this technology can be used to revolutionise shipping trade. The video comes as HSBC recently completed a trade transaction across two independently built blockchain platforms – merging the financial with the physical logistics of trade.
Nulogy, a provider of agile supply chain solutions, along with the Government of Canada’s scale.ai program, launched a collaborative government-sponsored and industry-led initiative, aiming to make Canada an international leader in the field of artificial intelligence applied to supply chains.
This video demonstrates how the Panama Canal works. The canal is considered crucial for the shipping industry, as it links the Americas with the EU and Asia, reducing transhipment times between them. The expanded Canal has also confirmed the role of the interoceanic highway as the Green Route of the world maritime trade by providing more capacity and lower cargo movements.
The lack of availability of trade finance is impeding the trade opportunities of small businesses, specifically in developing countries, according to a new publication by the World Trade Organization (WTO) and the International Finance Corporation, launched on 3 July at the Global Review of Aid for Trade.
