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Wednesday, April 17, 2024

World Trade News

11 Feb 2024

FMC Mulls Investigation into Suez and Panama Canal Impacts

© Pabkov / Adobe Stock

The US Federal Maritime Commission (FMC) held an informal public hearing examining impacts from attacks on merchant shipping in the Red Sea and Gulf of Aden on February 7.Opening the hearing, Commissioner Carl Bentzel, voiced concern about safe access through both the Suez and Panama Canals.“What is at stake is severe international economic disruption. The United States is still recovering from the aftershock of the pandemic induced supply chain disruption that that saw 30% increases…

03 Dec 2023

AD Ports Group and Vietnam Maritime Administration Sign MoU

Source: AD Ports

AD Ports Group and the Vietnam Maritime Administration (VINAMARINE), have signed a memorandum of understanding (MoU) to bolster commercial opportunities across various sectors, including ports, logistics, digital solutions, economic cities, free zones, maritime and shipping.Under the terms of the agreement, both entities will focus on key areas of cooperation, including the development and management of dry ports and inland container depots in addition to advanced logistics operations and digital solutions to enhance global maritime and shipping sectors.

20 Sep 2023

Positive Volumes for Dry Bulk Trade, but Prospects Set to Dampen

Plamen Natzkoff, Associate Director, Dry Bulk Commodities, MSI (Image courtesy of MSI)

The unwinding of supply chain inefficiencies and rising vessel orders are set to dampen positive deadweight demand in the dry bulk market, according to Maritime Strategies International (MSI).COVID-related supply chain inefficiencies and associated port congestion have almost fully unwound and while the MSI outlook on the prospects for trade volumes this year is considered positive, growth in actual dwt demand is limited to only 0.25% year on year.MSI’s Q3 Dry Bulk market report notes that while this quarter’s demand forecasts for 2023 is higher by one million dwt…

02 Nov 2022

World Maritime University Celebrates 2022 Graduation

WMU Graduating Class of 2022. Fotograf Leo/WMU

On October 31, 2022, global maritime leaders of tomorrow graduated from the World Maritime University (WMU). The Class of 2022 has received the education required to contribute to maritime and ocean matters in their home countries and more broadly to the implementation of the United Nations Sustainable Development Goals (UN SDGs). Overall, the graduating class includes 276 graduates from 70 countries, and sets a record of 94 women graduates.WMU President Dr. Cleopatra Doumbia…

18 May 2022

Valenciaport Notes that War, Inflation, Shortages Hamper Spanish Export Activity

Photo courtesy Valenciaport

Between January and April, the number of containers full of cargo (export) fell by 12.72% and those unloaded (import) increased by 6.96%The geopolitical situation, the war in Ukraine, the increase in the cost of energy and the shortage of raw materials are weighing down export activity. Foreign trade in all sectors such as vehicles (-7.68%), agri-foodstuffs (-15.79%), construction materials (-10.55%) and chemical products (-18.14%) fellOn the other hand, domestic demand is growing in most of the sectors that enter through the Valencian docks.