NEWS
27/07
2022
Airports, seaports, and land ports of a country are its entry and exit points—people and cargo move in and out of a country through these gateways. Typically, while the Immigration department of a government keeps track of passenger movement through these entry-exit points, the Customs department monitors goods coming in and going out of these ports.
25/07
2022
The average of all long-term freight rates in Australia and New Zealand imports reached new highs in July, according to this week's update of the container rate platform, Xeneta.
09/07
2022
The value of global trade increased by approximately US$1 trillion in the first quarter of the year, reaching US$7.7 trillion compared to the same period last year, according to United Nations Conference on Trade and Development (UNCTAD).
22/06
2022
Vietnam’s tuna industry has bounced back strongly post-pandemic as export soared 72 percent year-on-year to 259 million USD in the first quarter of 2022, the highest in five years, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
20/06
2022
Pacific International Lines (PIL) has introduced a new weekly direct service connecting ports in China, South Korea, Thailand, and Vietnam.
20/06
2022
US president Joe Biden signed into law the Ocean Shipping Reform Act (OSRA) on 16 June, which authorizes appropriations for the Federal Maritime Commission (FMC) for fiscal years 2022 through 2025.
10/06
2022
SITC International Holdings has completed the sell-off of its entire bulk carrier fleet. The Hong Kong-based SITC, the parent company of intra-Asia box carrier SITC Container Lines, marks its exit from the dry bulk segment as the group wants to focus on its core container shipping business.
09/06
2022
CMA CGM has spent some $753.3m in prepayments on its aircraft orderbook, up from $723.2m at the end of 2021, following its recent order for two 777 freighters, set to deliver in 2024. Meanwhile, the first of its previous order for two 777Fs joined the fleet on 31 May, with the second “in the process of being delivered”.