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- Release on2022-11-08
- DELAYING in the Hapag-Lloyd takeover of the United Arab Shipping Company (USSC) until May 31 may yet derail the deal, reports London's Loadstar....Read More>>
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- Release on2022-11-08
- HONG Kong-listed Orient Overseas (International) Ltd (OOIL), the parent of liner company OOCL, has posted a net loss of US$219 million for 2016 against a profit of $284 million seen in the previous 12 month financial period....Read More>>
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- Release on2022-11-07
- Recently, Nansha Customs under Guangzhou Customs seized a batch of fireworks and firecrackers, weighing about 18 tons, in a ticket of exported goods declared as "wrenches" and other dangerous goods....Read More>>
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- Release on2022-11-07
- According to a report by Agence France-Presse on the 5th, two charity rescue boats carrying nearly 300 refugees were stopped in the sea near Sicily, Italy, because the Italian government refused to enter the port. Only some children and sick people will be able to go ashore, and the rest may have to return to the high seas with the boat....Read More>>
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- Release on2022-11-03
- For the market outlook in 2023, industry players are generally cautious. This is mainly due to the fact that in 2023, the container shipping market is facing changes in environmental protection, supply and demand, and shipping-cargo relations....Read More>>
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- Release on2022-11-03
- Soaring inflation and energy costs and other economic fallout from the Russian-Ukrainian conflict could keep the European economy in a bind over the next 12 months, with consumers cutting back on spending. This is expected to have a significant impact on Southeast Asian exporters, especially textile manufacturing, which is the largest export sector for several countries in the region....Read More>>
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- Release on2022-11-01
- German carrier Hapag-Lloyd AG has launched a fresh round of debt offering worth EUR 200 million (USD 213.7 million), upsized from the originally announced EUR 150 million....Read More>>
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- Release on2022-11-01
- HONG Kong and south China-focused container terminal operator Hutchison Port Holdings Trust (HPH Trust) saw throughput at its ports fall 6 per cent in 2016 from the year before brought about by a combination of lower transshipment cargoes and weaker intra-Asia trade....Read More>>
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- Release on2022-10-31
- A multipurpose vessel and two other container vessels ordered before the 2008 financial crisis were finally delivered and put on the market recently after a long delay....Read More>>
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- Release on2022-10-31
- In the first nine months of 2022, cargo volumes in the Port of Rotterdam were almost the same as in the same period last year: 351 million tonnes (0.3%). However, there are some potentially significant differences, notably due to the war in Ukraine, sanctions on Russia, and changes in global energy flows. For example, coal and liquefied natural gas (LNG) imports are much higher as substitutes for Russian natural gas. In contrast, container volumes have decreased, not least as a result of lost trade with Russia....Read More>>
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- Release on2022-10-27
- The U.S. supply chain is in the throes of a "bullwhip effect."...Read More>>
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- Release on2022-10-27
- Suppressed by weaker demand for capesize vessels, the Baltic Dry Index (BDI) fell to its lowest level in nearly three weeks after rising for three consecutive sessions last week....Read More>>
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