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MEMBER lines of Asia Australia Discussion Agreement (AADA) will levy a rage increase of US$250 per TEU and $500 per FEU from April 15 for all dry and refrigerated cargo from China to Australia. Called a "rate restoration programme", the increase was needed "to maintain a high standard of service to customers", said the AADA in a notice to trade. "This i...
China welcomes a ruling from the World Trade Organization (WTO) over a Sino-US business dispute, said the Ministry of Commerce (MOC) on Saturday. The WTO ruled that US parallel anti-dumping and anti-subsidy duties imposed on four Chinese imports -- standard steel pipes, rectangular steel pipes, off-road tires and laminated woven sacks -- are inconsistent ...
Since early February, the prices of the Organization of Petroleum Exporting Countries' (OPEC) basket of 12 crudes have been soaring, up by more than 15 percent, with some saying the price could reach 200 U.S. dollars a barrel. While former U.S. Federal Reserve Chairman Alan Greenspan considered the Gulf War and the Iraqi War as the causes of the previous...
Ecuador said late Friday it had suspended crude oil exports of 342,000 barrels a day as long as a tsunami threat remains in place following the major 8.8-magnitude earthquake that devastated Japan earlier in the day. Ecuador's official oil company said it had declared "force majeure" on all crude exports and notified foreign companies that buy Ecuadorian...
Algeria has decided to maintain its oil investments in Libya despite the turmoil that have ravaged the country for several weeks. "After recurrent meetings and after repatriating 80 of its workers in its subsidiary SIPEX in Libya, the state-owned oil company Sonatrach has decided to sustain the 50 million U.S. dollars investments per year in Libya," El Kh...
The World Trade Organization's appellate body has largely reversed a previous panel ruling on China-U.S. trade and supports China in its complaint against American anti-dumping measures imposed on four sets of Chinese exports. China filed its complaint to the WTO in December 2008, requesting that the Dispute Settlement Body establish a panel to probe a U...
TOLL Global Forwarding intends to achieve "significant" growth in the global air freight sector this year through acquisitions, investment in building its regional and international air freight services and network, and appointing new senior managers. In the past the company said it traditionally focused on ocean freight, however, over the last 12 months ...
EUROGATE has launched its Asia roadshow February 28 to March 18 to promote its new Container Terminal Wilhelmshaven, Germany's only deep water port on the North Sea coast, as an ideal transshipment hub for container traffic to Scandinavia, eastern Europe and Russia. Transit times, depending on destinations in Europe's major import and export regions are...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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