Page 7 - Container Freight News Today

GURUGRAM, India, Aug. 11, 2021 /PRNewswire/ -- Key Findings E-Commerce penetration in Australia increased to 10% by December 2020, although the global average is around 14.1% showcasing

An Egyptian court on Saturday postponed a hearing in a compensation case filed by the Suez Canal authority against the owners of a container ship that blocked the canal for six days in March, giving the sides more time to negotiate, legal sources said.

By Reuters Staff 1 Min Read FILE PHOTO: The Suez Canal connecting the Mediterranean Sea to the Red Sea is pictured from the window of a commercial plane flying over Egypt, December 18, 2019. Picture taken December 18, 2019. REUTERS/Lucas Jackson CAIRO (Reuters) - A container ship broke down in the Suez Canal on Friday but was refloated and repaired with no impact on traffic in the waterway, the Suez Canal Authority (SCA) said. The 353-metre (1,158-foot) Maersk Emerald experienced sudden engine...

By Reuters Staff 1 Min Read CAIRO, May 20 (Reuters) - Egypt’s Suez Canal Authority said on Thursday its revenues in April were $552 million compared with $476 million in the same month last year. The canal’s authority said 1,814 ships transited in April, up from 1,731 ships in the same month last year. A massive container ship blocked the waterway in late March causing a huge backlog of vessels waiting for passage in what is the fastest shipping route between Europe and Asia. (Reporting by ...

Shipping flows on Asia-Europe routes will only return to normal during the third quarter of 2021 after the coronavirus crisis and a vessel blockage in the Suez Canal caused delays early this year, the head of Hapag-Lloyd said on Wednesday.

FIS and ENGINE announce bunker pricing partnership Freight Investor Services (FIS) and Engine Technologies (ENGINE) are delighted to announce a new data sharing partnership, bringing together their respective expertise on bunker futures and physical markets. The partnership, due to go live 17th May, will see physical and future derivative prices on fuel oil products available on both the FIS Live and ENGINE platforms. This will bring together the leading provider of marine fuels derivatives an...

KEBS & Kenya Trade Net System partner to streamline International trade processes Shares The Kenya Bureau of Standards (KEBS) has partnered with the Kenya Trade Net System to launch a platform that allows traders to submit import-export documentation and access approvals at once. The single window platform has replaced the traditional, time-consuming manual process that required traders to seek clearance from multiple government agencies via different platforms. This caused delays and high clea...

rcMay 7, 2021 Luxembourg Logistics and Warehousing Market is expected to reach USD 6.7 Billion by 2025. Logistics is a relatively narrow field, and job growth is on par with the average for all occupations. The Bureau of Labor Statistics projects 4.4 percent employment growth for logisticians between 2019 and 2029. Logistics is a relatively narrow field, and job growth is on par with the average for all occupations. Luxembourg’s international airport is one of the leading freight airports in ...

The Kenya Bureau of Standards has partnered with the Kenya Trade Net System in launching a single window platform that allows traders to submit import-export documentation and access approvals in one stop. The single window system replaces the time-consuming manual process that required traders to seek clearance from multiple government agencies via different platforms occasioning delays and high clearance costs for goods at the Kenyan border points. “We anticipate that the new single window ...

(Adds background, paragraph 7) SYDNEY, May 4 (Reuters) - Australia’s Port of Newcastle has signed a A$515 million ($398 million) loan with National Australia Bank (NAB) that links interest payments to non-mandatory social and environmental targets, the companies said. The world’s largest coal port will pay less if certain targets are met, including reducing its direct and indirect greenhouse gas emissions and screening all customers for modern slavery risks, they said in a joint statement. ...