China’s Belt and Road Initiative (BRI) got a major boost last week when the Court of Audit in Greece approved the sale of another 16 percent stake in Piraeus Port (OLP) to COSCO Shipping Line. The agreement includes a five-year extension for the company to complete...
In a customer advisory dated 20 August Maersk warned of the impact of the recent flare up of Covid-19 cases in China on airport operations, and in particular Shanghai’s Pudong International Airport. The advisory highlighted that a series of protocols were being...
A “Deep Blue” initiative which has seen the United States invest $195 million in helping Nigeria fight piracy at sea in the Gulf of Guinea is already bearing fruit. According to a report in Reuters, the incidence of heavily armed assailants using high-speed...
Eight months after the much-touted African Continental Free Trade Area (AfCFTA) came into being on January 1, traders have reason to ask themselves whether the world’s biggest economic bloc has changed anything at all. With the potential of creating...
Supply chain interests are concerned that a march planned in opposition to President Cyril Ramaphosa could result in possible looting, arson, malicious damage to property, barricading of roads, clashes between protesters and police, as well as attacks on police...
Shipping container rates are continuing to skyrocket, and as ocean trade approaches its peak season, some market participants think the situation is likely to linger until mid-2022. “This is not going away tomorrow, not the next quarter,” said Eytan Buchman, chief...
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