Despite coronavirus, Suez Canal records high revenues
Despite the negative repercussions of the outbreak of the coronavirus on global trade, the Suez Canal took in $5.61 billion in 2020, its third-highest total ever.
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Despite the negative repercussions of the outbreak of the coronavirus on global trade, the Suez Canal took in $5.61 billion in 2020, its third-highest total ever.
Egyptian officials have been expressing concern over the anticipated competition from the Eilat-Ashkelon pipeline project that would transport Emirati oil to Ashkelon in Israel and from there to European markets.
LONDON, Feb 7 — Maritime container freight shipping is steaming ahead through the Covid-19 pandemic, boosted by strong demand for Chinese exports and a shortage of vessels according to industry experts. The Freightos Baltic Global Container Index (FBX), which tracks the cost of container...
My U.K. agent just quoted $6200 for a 20ft but my factory today have quoted $4575 (just for the voyage). Click to expand...I hate myself for this, but $6200 is decent in current climate. Is that FOB > Door? Any chatter about prices coming down yet? I know the initial thought was after CNY but most seem to have gone quiet on that now. Click to expand...It seems this hasn't materialised like we all hoped. The ship owners are still price gouging. I think it's going to continue until lobby from either governments or trading bodies start to stamp their feet.
We will announce a collaboration with Inland Waterways Authority of India (IWAI) very soon. We are commencing coastal shipping operations, SCI chairman and managing director H K Joshi said