The coronavirus pandemic cut global trade values by 3% in the first quarter of this year, according to the latest United Nations Conference on Trade and Development (UNCTAD) data published in a joint report by 36 international organisations. The downturn is expected to accelerate in the second quarter, with global trade projected to record a […]
How Covid-19 is changing the world: A statistical perspective Read More »
Dubai-based global port operator DP World has launched a digital platform to facilitate trade freight forwarders and any business to book shipments of cargo from and to anywhere in the world, by any combination of sea, land and air, reported official news agency WAM. The unveiling of this platform follows DP World’s acquisition of SeaRates.com, LandRates.com
DP World launches digital platform to move global trade online Read More »
China State Railway Group Company (China Rail) said that container rail freight to Europe grew in the first quarter of 2020 as Chinese manufacturers resumed operations after the Covid-19 outbreak. Demand for medical protection equipment, much of which is manufactured in China, resulted in higher container volumes being railed to Europe. According to China Rail
The UAE’s General Civil Aviation Authority (GCAA) has revealed that the nation has invested $272bn in airport infrastructure development projects until now, with investments covering projects across the country and a fleet of 884 commercial aircrafts. Commenting on the growth in the aviation sector, the director-general of the GCAA, Saif Mohammed Al Suwaidi, said: “I
UAE’s airport infrastructure investments hit $272.25bn Read More »
Maritime transport is usually prefered to carry large and heavy pieces of cargo, such as oversized units of marble and granite, on long distance in lower cost than air transport. In the US, the major gateways for finished marble and granite cargo are ports. Which were the ones with the largest import value of finished
The busiest US ports by finished marble and granite import value in 2018 Read More »
Hamburg and China have been trading partners by since the 18th century. Hamburg has nurtured a city & port partnership with Shanghai since 1986. Hamburg opened its Liaison Office – HLO – in Shanghai in 1995. This represents Hamburg interests in China and markets the city as a destination for visitors. Both the HLO in
The American Association of Port Authorities (AAPA) is deeply concerned over the renewed threat of increased tariffs. On August 1, Donald Trump criticized on Twitter the Chinese government for not living up to its trade promise and threatened to retaliate in advance of upcoming talks with an additional 10 percent tariff on Sept. 1. Susan Monteverde,
One of Turkey’s major terminals, the DP World Yarimca, has been linked by train to London and the Chinese cities since Tuesday, July 30. On the occasion of the inauguration of this major infrastructure project, Turkey’s Minister of Transport and Infrastructure, Mehmet Cahit Turhan, said a total of about $ 23.84 billion has already been
Egypt and China’s Hutchison Ports, the world’s leading port investor, developer and operator, signed on Tuesday, August 6, a memorandum of understanding (MoU) to establish a container terminal in Egypt’s port of Abu Qir. The MoU was signed during a meeting in the capital Cairo attended by Egyptian President Abdel-Fattah al-Sisi, commander of the Egyptian
Egypt inks deal with China’s port giant to build container terminal in Abu Qir port Read More »
United Nations Conference on Trade and Development (UNCTAD) has released its liner shipping connectivity index (LSCI) for 2019, showing China retains its lead as the country best connected to others by sea, the index shows. The country’s LSCI has increased by 51 percent since 2006. Five of the top 10 best connected economies in 2019 are in