China Teffects Started Showing up in Shipping Data Months ago

China’s latest report on economic growth fell short of expectations, but for those who monitor traffic on the global water highways, the news was not a surprise. In fact, freight and shipping data over the last several months have been pointing to such a slowdown. An investor can get an idea of a country’s economic
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NEW DELHI: The Union Shipping Ministry is awaiting Revenue Department’s response on allowing domesticated containers to carry export-import cargo for export-import routes, a top official said at an ASSOCHAM event held in New Delhi. “We have taken this issue with Department of Revenue, generally they feel that they would also require to consult transportation stakeholders
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It’s about more than maritime. Harald Solberg, CEO of the Norwegian Shipping Association, sees a world of opportunity from his office overlooking Oslo. Here he talks markets, innovation, ocean developments, and even rubbish. Norway, he believes, has a leading role to play. Harald Solberg is 42, but looks younger. Hearing him outline a career that
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COSCO SHIPPING Ports Limited, the world’s leading ports operator, announced third quarter results of the Company and its subsidiaries (the “Group”) for the three months ended 30 September 2018. 2018 Third Quarter Results Highlight – Revenue surged by 62.6% to US$253.0 million – Gross profit increased by 33.5% to US$75.8 million – Net profit rose
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Trade tariffs between the U.S., China and Europe add to the problems confronting the global shipping industry, which was already struggling this year with weak demand and high fuel prices. Container ships, which move $4 trillion worth of products each year, are suffering from weak freight rates, owing to a glut of boats in the
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MUMBAI: Indus Shipping Services, founded in 1994 by a dynamic personality in Logistics industry Dr. Deepak Chaudhari, has been successfully qualified for prestigious AEO accreditation. The Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance – Government of India, conferred AEO – LO Certificate to the company on 4th October 2018. An AEO-LO
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NEW DELHI: India and Bangladesh have reached several milestone pacts that include using two ports of the neighbouring nation for goods movement and a pact for cruise movement to give a boost to waterways connectivity, a top official said recently.  “The two countries have signed an agreement to use Chattogram and Mongla Ports in Bangladesh
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LONDON: Car carrier shipping is expected to continue its recovery from the trough of 2016, supported by improving utilisation. But increasing localisation and the threat of trade wars will slow finished vehicle cargo growth, while carrier operational efficiency will be challenged by the emergence of new trades and ports of call, according to the Finished
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BEIJING: The naming ceremony for COSCO SHIPPING NEBULA, another 21,000 TEU ULCS of COSCO SHIPPING, was held at the terminal of Jiangnan Shipyard (Group) Co., Ltd on October 23. The Chairman and Party Secretary of COSCO SHIPPING Capt. Xu Lirong, Executive Vice President and Chief Financial Officer of COSCO SHIPPING Sun Yunfei, Executive Vice President
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The Minister of State for Road Transport and Highways, Shipping and Chemicals and Fertilisers, Mr Mansukh Mandaviya, in an interview, has said that several significant steps have been taken by the present government to boost and develop coastal shipping as the most efficient mode of transportation of cargo. During this interview, he said that development
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