The appetite for larger ships has not disappeared, although feeder ships have dominated recent shipping orders. Taiwanese ship operator Evergreen has selected South Korea’s Samsung Heavy Industries and China’s Shenzhen Shipyard International to build 14 14,000 TEU ships between them. Orders worth $2.8 billion are expected to be delivered between 2028 and 2029. Meanwhile, mid-tier…
Sweden’s state-owned company SJ will stop running night trains between Stockholm and Berlin on August 31 next year, one month after the Swedish government stopped supporting the service. SJ’s main rival on the road, Snälltåget, intends to fill the void. “We welcome [SJ’s withdrawal]Because we need to compete under the same conditions; Otherwise, the business…
Mexican authorities’ inconsistent implementation of 33.5% tariffs on goods of Chinese origin is causing customs problems for the country’s forwarders and freight forwarders when it comes to trade with their northern neighbour. Mexico raises customs duties on low-value goods from 19% to 33.5% To read this article you need to subscribe. Help us continue investing…
Founding members of the BRICS alliance, India and Brazil, face new 50% tariffs on their goods exported to the US, according to a report by Yahoo Finance. These tariffs, the highest imposed by the United States on any country, have prompted the two countries to seek closer strategic, economic, trade, and energy cooperation, including signing…
The MRT Blue Line will be the first rapid transit line to be built in Tainan. An artist’s concept of an elevated station on the monorail in Tainan. Taiwan’s Cabinet approved a NT$32.7 billion (US$1 billion) project to build an 8.4-kilometre monorail in Tainan on October 21. Construction is expected to begin by the end…
Last Saturday’s massive fire at Dhaka Airport’s cargo complex has more than halved the average time it takes cargo owners to receive shipments – and this new expedited service could last up to three months. The fire in… To read this article you need to subscribe. Help us continue investing in award-winning, independent journalism. For…
Swiss President Karin Keller-Sutter refused to say whether her country could conclude an agreement on customs duties this year with US President Donald Trump, in the wake of trade tensions that strained relations between the two countries, in an interview with the Tages-Anzeiger newspaper. “It is not possible to predict,” Keller Sutter said in a…
The Lower Saxony project involves the construction, upgrading and electrification of a new line. Arriva regional train on the line Zwolle – Mariënberg – Emmen. Work is currently underway to study the feasibility of a project in the north-east of the Netherlands to create a road between Groningen, Emmen, Almelo and Enschede on the German…
Air freight rates are starting to rise on major deals – but there is no expectation of a traditional peak. Average spot rates submitted to The Loadstar by Chinese freight forwarders to Europe in week 43 have risen more than 13% in the past two weeks, reaching… To read this article you need to subscribe….
(L-R) Ariane Zahnde, CEO of NRW Global Business North America, Gary Cammarano, Whiteside County Economic Development, and Dr. Andreas Eckstein, Managing Director of Investments at Niedersachsen (Lower Saxony), discuss transatlantic opportunities between Germany and Whiteside County/Northwest Illinois.