War in Ukraine

French retailer Auchan does not plan to change its Russia strategy

French retailer Auchan does not plan to change its strategy in Russia or the structure of its local operations, the Russian branch of the privately owned company told. Auchan Russia was responding to a request for a comment after a local media report suggested it may cede control

ADVERTORIAL

Vanguard, strong investments in the three-year period 2022-2025

"Among the essential points of Vanguard Logistics' 2022-2025 Global Strategy there are the continuous expansion of our proprietary Network, through acquisition processes (two years ago opened in Sri Lanka, in 2020 we took over the Canadian agent and inaugurated, in 2022, Vanguard Logistics Poland) and the enhancement of this network through the synergistic use of adjacent Countries, as in the case of Italy, France and Spain" - says south Europe general manager Alberto Accetta

Silk Road by train increases volumes in 1Q 2022

European firms make use of Chinese rail agents to evade Russia sanctions

Demand for China-Europe rail freight has plummeted since Russia's invasion of Ukraine, but some European customers are "bypassing sanctions" by using Chinese agents. According to Chinese state media, Silk Road rail volumes increased in the first quarter

After Ukraine's invasion

Major containership operators phase out Russian calls

Container lines and third-party feeder operators are reducing or phasing out services to Russian ports, reports London's Lloyd's List. While major container line companies have reduced calls at Vladivostok in Russia's Far East, domestic operator Fesco appears to have added calls

Gorvernment socurces

Kazakhstan looks for cargo shipping routes bypassing Russia

Kazakhstan is in talks to ship cargoes through the Latvian ports of Riga and Ventspils as well as the Azerbaijan-Georgia-Turkey corridor following European sanctions against Russian shippers, the Central Asian nation's government said on Thursday

As sanctions target Russia

FESCO says customers can pay yuan

Russia's FESCO Transportation Group accepts Chinese yuan from customers, it said this week, as businesses struggle to cope with international sanctions over Russia's invasion of Ukraine. The company said it was also offering customers "various alternative options of payment" for euro

The study

Iraq was top target of China's Belt & Road in 2021

Iraq was the top target for China's Belt & Road infrastructure initiative in 2021, receiving $10.5 billion in financing for projects including a heavy oil power plant, a study published on Wednesday said

For "obstructing" COVID prevention

China punishes cold-chain managers

Investigations into China's cold-chain sector have led to several managers, officials and business owners being punished for failing to meet COVID-19 prevention standards, the country's corruption watchdog said in a notice

Strikes in Europe

Amazon's Black Friday greeted by climate activists

Tilbury - Climate activists targeted 15 Amazon depots across Europe on Black Friday and the world's biggest e-commerce company also faced protests by workers and delivery drivers in Germany, France and Italy

Insight

African nations mend and make do as China tightens Belt and Road Initiative

Nairobi - Deep in Kenya's Great Rift Valley, members of the National Youth Service tirelessly swing machetes to clear dense shrubs obscuring railway tracks more than a century old. It's a distinctly low-tech phase for China's Belt and Road drive in Africa to create the trade highways of the future

As competition bites

Alibaba slashes sales outlook

London - Chinese e-commerce giant Alibaba Group Holding Ltd slashed its forecast for annual revenue growth on increased competition and a regulatory crackdown, sending its stock tumbling 11%

As partner on U.S. credit card

Amazon may drop Visa

London - Amazon.com Inc is considering dropping Visa as partner on its U.S. co-branded credit card after earlier confirming it would stop accepting Visa credit cards in the United Kingdom as a dispute over payments intensified. The e-commerce giant is in talks with several payment networks including Mastercard Inc, American Express Co and Visa as part of what it called its standard process for reviewing its co-branded credit card agreement

As growth slumps to single digit amid crackdown

China's Singles' Day loses lustre

Shanghai - After more than a decade of explosive growth, China's Singles' Day, the world's biggest online shopping fest, is losing its gloss and bracing for more modest growth in coming years, hurt by a slower economy and tighter regulatory scrutiny

Ignazio Messina & C.

Navis integrates Master Terminal at Milano Segrate Terminal

Genoa - Navis has announced that it has gone live with its Master Terminal operating system at Inter Modal Logistic (IML) Milano Segrate Terminal (Ignazio Messina & C.). Milano Segrate is currently in the process of updating its inland and intermodal terminals

India

DP World to invest Rs 2,000 crore in various Tamil Nadu projects

Karur - Logistics services major DP World will come up with fresh investments to the tune of around Rs 2,000 crore in Tamil Nadu, including setting up of a new container terminal, cold storage and sea food processing zone among other units. The other projects lined up include a free trade zone with an integrated rail siding, minor port in the Eastern Coast of Tamil Nadu and inland container depots in Erode, Karur and Tirupur

Manufacturers seen moving to southeastern Europe

Pandemic seen driving southeastern Europe warehouse boom

Prague - Logistics and warehouse companies are accelerating expansion plans in southeastern Europe where business is expected to boom as the pandemic spurs manufacturers to relocate operations close to main markets

In two years

Suez Canal to widen, deepen 30 kilometres of channel

Suez - Plans have been unveiled by Suez Canal Authority chairman Osama Rabie to widen and deepen 30 kilometres of the waterway between Suez and the Great Bitter Lake, reported Adderbury, England's Bunkerspot. The announcement by Admiral Rabie was also attended by the Egyptian President Abdel Fattah al-Sisi, who gave his approval for the start of work to be completed in 24 months