Multimodal services keep expanding. Chengdu-Casablanca multimodal transport line was launched in October 2022. It is the first-ever such link between China and Africa via Europe. Chengdu-Casablanca line The first-ever freight train on the Chengdu-Casablanca link left the port of origin, Chengdu International Railway Port, on October 15. It was loaded with mostly Chinese products, such …
In recent years, India has been rising among developing countries. As one of the fastest developing and newly industrialized countries, India was the 10th biggest exporter. Germany is one of the largest trade partners with India, with total exports reaching $12.4 billion in 2022. In terms of shipping from India to Germany, there are two …
The global economy is shaped by current events. What are the top stories from international trade lately? Keep reading to find out. Top stories from international trade 1. Supply chains back on track The supply chain is on its way to being “normal.” Ship queues in ports are getting shorter, timely delivery is improved, and …
For Americans, as for people from other countries, holidays are a nice occasion for spending time with family and commemorating major events for their nation. In the United States, there are state holidays and federal holidays. As the name suggests, state ones are celebrated only in individual regions. Federal (national) holidays are observed in the …
China and Greece have been maintaining political relations for 50 years. With half a decade of mutual investments and close cooperation in various fields, Greece is a part of the China-Central and Eastern European Countries Cooperation and Belt and Road Initiative. The top exports from China to Greece are computers, semiconductors, and passenger and cargo …
2020 and 2021 were the most profitable two years in shipping history. Seeing the astronomical profits, shipowners decided to order many new vessels. Therefore, we can expect a lot of new container ships in 2023 and 2024 out at sea. New container ships Even though we recently experienced a slump in container freight rates, we …
Thailand is the second largest economy in Southeast Asia, following Indonesia. It is also a significant economic partner of the US, having diplomatic connections dating back to the Treaty of Amity and Commerce in 1833. Thailand is the world’s leading producer of natural rubber, frozen shrimp, canned tuna, canned pineapples, cooked poultry, and cassava. It …
The cost of importing from China depends on many dynamic factors, which means it changes rapidly over time. Deep into the pandemic, the freight rates were soaring. Fortunately, now we experience a downward trend in freight rates from China. What is the actual shipping cost from China in 2022? How to ship from China? Sea …
Qatar has one of the highest GDP per capita levels in the world, making it an affluent market. The UK and Qatar work together on various political, commercial, security, and economic issues of shared interest to both countries. Qatar exports liquefied natural gas and crude oil to the UK, while the UK exports aircraft and …
Ocean shipping rates in the spot market have plunged by even 75% in 2022, some of them even below contract rates. Queues of cargo vessels off the coasts of China and the US have shortened dramatically. Shipping cost is down, but will this trend continue? What is freight rate in shipping? What is the freight …