All Stories in International Trade

600 steelworkers risk losing their jobs in Sweden

It is reported that around 600 steel industry jobs are expected to disappear in Sweden. The reason is that the German Thyssen Krupp and the Finnish Outokumpu have agreed to unite their production of stainless steel. The trade union Metall’s newspaper Dagens Arbete wrote that …

MOL, NYK and ‘K’ Line container losses exceed US$500 million Oct to Dec

JAPANESE big three carriers, MOL, NYK and “K” Line suffered common losses of more than US$500 million from October to December or the third quarter of their fiscal year 2011 ending March 31, 2012 due to low demand, soft rates, appreciating yen, high oil prices …

Singapore’s 2011 up 5.3pc to 29.9m TEU – HK volume up 3pc to 24.4m TEU

SINGAPORE’s Maritime and Port Authority has reported a 5.3 per cent increase in container movement in 2011, having handled 29.9 million TEU compared to 28.4 million TEU in 2010. December container volumes are expected to increase 11 per cent to 2.6 million TEU year on …

CSAV shareholders to inject US$347 million as carrier’s ranking sinks

CHILE’s Compania Sud Americana de Vapores (CSAV), the world’s 14th biggest carrier, is receiving a capital injection of US$347 million from Quinenco and Marinsa, believed to be the first phase of a planned $1.2 billion investment. Quinenco subscribed to $247 million of newly issued shares, …

Emerging markets still shine, says Agility report

Global economic uncertainty and Middle East political turmoil are doing little to dim the attraction of emerging markets, which show signs of reducing their dependency on developed markets as they compete to be the trade hubs of the future, according to latest Emerging Markets Logistics …

Total trade projected to grow 7-8 pct this year: Malaysia

KUALA LUMPUR, Jan 17 (Bernama) — The country’s total trade is projected to grow by seven to eight per cent this year, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. From January to November 2011, Malaysia’s total trade amounted to RM1.16 trillion with …

Evergreen’s Father Chang fears bad times ahead in sluggish global economy

EVERGREEN’s founder chairman Chang Yung-fa predicts the global economy in 2012 will not likely to recover due to week demands of the European and American markets, slow livelihoods consumption and sluggish electronic industry, reports Taiwan’s Economic Daily News. Mr Chang says it will be hard …

Daily Maersk reliability trumps hype over ‘conveyor belt’ system: Drewry

HYPE over the launch of the Daily Maersk service on the Asia and Europe route stresses its “conveyor-belt” regularity, but the real value is the promise of service guarantees, says Drewry’s Schedule Reliability Insight. The carrier offers daily cut-offs at four origin ports in Asia …

CMA CGM to raise rates and add surcharges in January and February

MARSEILLES shipping giant CMA CGM has announced it will increase freight rates and impose peak season surcharges on versatile trade lanes starting January 1. Rates on cargo from Asia to the east coast of South America will increase US$600 per TEU from January 1. For …