Hin Leong Trading – An oil trading company goes bankrupt

Hin Leong Trading

The coronavirus pandemic and the oil price war, fuelled by Saudi Arabia and Russia, brought oil prices down to record low levels. This must-have affected the condition of oil trading and storage companies. Hin Leong Trading, a huge Singaporean oil trading and storage company has announced its collapse. 800 million USD of losses to Hin …

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First Chinese autonomous containership under construction

Zhi Fei – Flying Wisdom – is the name of the first autonomous containership being constructed in China. The construction was launched with a steel cutting ceremony held in mid-May at the Qingdao Shipyard. First Chinese autonomous containership under construction Autonomous container ships (MASS) are seaborne vessels that transport cargo with little or no human …

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New air cargo service between China and Europe

new air cargo service

On the 8th of May, an air freighter carrying over nine metric tons of medical supplies took off from Shijiazhuang Zhengding International Airport in Shijiazhuang, the capital of Hebei province. The following day it arrived at Frankfurt Airport in Germany. Thus, a regular air freight service has commenced between the province and European countries. Check …

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Rail freight from China to Belgium

belgium

The Belt & Road Initiative (BRI) is considered the most extensive infrastructure and investment project in history. The Chinese initiative of the New Silk Road involves the construction of new and development of existing transport routes from China to Europe and other continents. Therefore, in the past few years, China-Europe connectivity has raised significantly, as …

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What is a commercial invoice?

International trade requires filling out many, sometimes quite complicated paperwork. Various documents are required for customs clearance alone. The commercial invoice is one of them. An importer must ensure that the sender issues this type of invoice. Customs cannot clear imported goods without the commercial invoice. Commercial Invoice (CI) A commercial invoice, CI for short, …

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Rail freight from China to the Netherlands

from china to the netherlands

The highly competitive transport market keeps developing rapidly, putting forward more and more interesting options. Shipping goods from the Far East is usually associated with the sea or air freight. However, a new attractive alternative appeared in the last decade, which is fast rail freight. It is now possible to transport goods by train to …

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Boeing amid and post-pandemic operations

boeing

The aircraft industry suffers a huge blow due to COVID-19 and pandemic-related restrictions. Currently, it has to recover from the effects of a ninety-five percent drop in air traffic. Boeing has announced that it formed a new group to help to restore the company’s production and supply chain operations to a pre-pandemic level. Boeing amid …

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