Asia and Europe on divergent coal paths. Global seaborne coal trades are being cleaved apart, with Asian economies taking more and more volumes while the West pulls back from the commodity. According to data from AXS Marine, the volume of steam coal cargoes discharged at mainland Chinese ports in October reached 34.25m tonnes, up 15.8% from September, and up by [...]
24/11/2024
Hong Kong’s role in global ship finance. The city has plenty of core strengths when it comes to providing capital to shipping. The latest installment from our brand new magazine being distributed across Hong Kong Maritime Week. Hong Kong has a long tradition of providing shipping finance and progress has recently been made to attract new owners, leasing companies and [...]
24/11/2024
China stretches lead at the top of shipbuilding stakes. China’s grip on global shipbuilding is growing ever stronger, building a sizeable gap from second place, South Korea, with some warning the dominance the People’s Republic exerts in this construction sector could become an early target from the incoming Donald Trump administration in the US. At the start of the century, [...]
24/11/2024
Southeast Asia prepares for factories fleeing Trump tariffs on China. Donald Trump, who won a resounding victory on Tuesday, has threatened 60% tariffs on goods coming into the US from China. Southeast Asia — with auto and electronics factories from Thailand to Vietnam and Malaysia — will likely benefit at China's expense, say two executives, two business groups, a lawyer [...]
10/11/2024
Disputes in South China Sea could disrupt trade lanes, lead to war, experts say [Part 2 of 2] Trade routes through South China Sea carry more than $7T in global commerce annually “The U.S. has substantial strategic interests in the South China Sea, centered around maintaining freedom of navigation and enforcing international maritime norms,” Turker told FreightWaves in an email. [...]
10/11/2024
Disputes in South China Sea could disrupt trade lanes, lead to war, experts say [Part 1 of 2]. Trade routes through South China Sea carry more than $7T in global commerce annually Territorial confrontations in the South China Sea pitting several Asian nations against China have entered a perilous phase that could possibly lead to a war involving the U.S., [...]
10/11/2024
Boeing slashes DEI department in latest staff shake-up. Machinists also set to vote on contract proposal delivering 38% wage increase over 4 years Boeing dismantled its global diversity, equity and inclusion department on Thursday, according to a report by Bloomberg citing sources familiar with the matter. The report stated that staff from Boeing’s DEI office will be combined with another [...]
03/11/2024
AI technology helps fleet managers detect drowsy drivers. Half of all truck drivers fall asleep at the wheel, report says Drowsiness while driving is a critical risk, contributing to thousands of crashes and hundreds of deaths each year, with drowsy drivers being three times more likely to cause accidents. To mitigate these scenarios fleet managers have turned to artificial intelligence [...]
03/11/2024
How global trade actors are turning to fintech to tackle fraud. Cross-border payments generally are slow and lack transparency With billions of dollars processed every day, cross-border trade payments have become increasingly complex. Companies must navigate a range of banks, clearinghouses and payment processors, all of which assess fees and contribute to potential delays. Traditionally, cross-border payments are slow, [...]
03/11/2024
Synergy and Grace Ocean agree to pay the US $102m in first of many Dali legal cases The Justice Department announced yesterday that Grace Ocean and Synergy Marine, the Singaporean corporations that owned and operated the Dali containership, have agreed to pay $102m to resolve a civil claim brought by the US five weeks ago for costs borne in responding [...]
27/10/2024
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