Seoul - South Korea’s Ministry of Oceans and Fisheries has begun its “Vessel Speed Reduction Program” as an effort to reduce fine dust from ships
New York - U.S. transportation infrastructure growth will continue moving more or less in step with levelling off GDP next year, according to Fitch Ratings’ 2020 outlook report
Seoul - South Korea’s auto exports are tipped to suffer a slump for the seventh consecutive year in 2019 in terms of volume due to lower demand in emerging markets
Paris - Taittinger, the famous Champagne house, is looking at whether it can ship bottles overseas before possible tariffs are put in place
Bangkok - Thailand’s shipping association on Tuesday lowered its 2019 export forecast for the fifth time this year, forecasting a drop of between 2.5% and 3.0% due to global trade tensions
London - Underlying vessel operating cost inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend, says the shipping consultancy Drewry in its latest report
Livorno - Eight months after the fire that led to the sinking of the “Grande America”, flames break out again on a Ro-Ro cargo ship from the same Italian shipowner. This time, the fire has been extinguished.
Hamburg - For Germany’s largest port, seaborne cargo handling in the first nine months of 2019 proved highly “satisfactory”
Geneva - World maritime trade lost momentum in 2018 as heightened uncertainty, according to the UN Conference on Trade and Development’s (UNCTAD) Review of Maritime Transport 2019
Brussels - The European Community Shipowners’s Association has published its new strategic priorities for 2019-2024
London - Trading house Trafigura has exported the first bulk cargo of bitumen from Russia in years under a deal that it says can help the country improve the quality of its refined products ahead of new, global regulations on marine fuel
Hong Kong - The Hong Kong based container and logistics service company OOCL announced it has gained in all operating areas
Moscow - From diamonds and arms to nuclear power and oil, Russia has major business ambitions in Africa, even if it is coming late to the party. Western countries like France and the United States are deeply entrenched in African economies and in recent years China has emerged
Coldiretti reports. The benefit from the situation is for the lobby linked to the US dairy industry (CCFN) which has explicitly asked with a letter to impose taxes on imports of European cheeses to favor the fake Made in Italy industry and force the Union European to open the borders to the fake Italian food made in US
Beijing - China’s logistics activities rebounded in September after losing steam for four consecutive months
Launceston (Australia) - Asian refiners are once again paying the price for the ongoing battle between the United States and Iran, with the effective price of crude oil being kicked higher by a sharp rise in tanker freight costs
Geneva - The American food corporation Cargill and the Danish shipping company Maersk Tankers announce a strategic partnership that will improve flexibility for customers and reduce fuel consumption and emissions
Genoa - From wholesale food market to a centre for advanced logistics services: 10 years after its move from the city centre to the area of Bolzaneto, the fruit and vegetable market of Genoa, managed by SGM (Società Gestione Mercato), opens its doors to the public. The opening will be on Saturday, 14 September Genoa
Hong Kong - Investment company Orient Overseas International Limited, OOIL, the parent company of Orient Overseas Container Line, OOCL, has announced profits for 139 million dollars
Sejong - South Korea’s exports decreased 11 percent in July from a year earlier, extending their on-year fall to an eighth consecutive month, amid the drawn-out trade dispute between the United States and China
