May 12, 2023

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CMA acquires Bollore logistics department for $5.5 billion

Recently, both companies stated that the French shipping group CMA CGM has promised to acquire the logistics business of family owned company Bollore for a value of 5 billion euros (5.5 billion US dollars). CMA CGM granted Bollore the option to sell its logistics business, which generated more than 7 billion euros in revenue last

March 23, 2023

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In February, the throughput of nine of the top ten ports in the United States decreased, while the Port of Los Angeles experienced a year-on-year drop of 43%

The throughput of Los Angeles Port in February was 487846 TEUs, a year-on-year decrease of 43%, making it the worst February since 2009. Gene Seroka, Executive Director of the Port of Los Angeles, said: “The overall slowdown in global trade, the extension of the Asian Lunar New Year holiday, warehouse backlog, and the transfer of

March 16, 2023

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What major signals does ONE’s new strategy reveal?

NYK, one of the three major shareholders of ONE, recently announced the latest medium-term development strategy from 2023 to 2026, aiming to further develop its consolidation and logistics business.   The new strategy shows that the Group plans to support and give priority to the sustained growth of ONE, especially in developing countries with huge

February 24, 2023

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China Council for the Promotion of International Trade (CCPIT): The global economic and trade frictions and conflicts show a trend of high volatility and intensification

China News Agency, Beijing, February 22 (Reporter Li Xiaoyu) The latest data released by the China Council for the Promotion of International Trade on the 22nd showed that the global economic and trade friction index reached 222 in December 2022, up 75 points from November that year and 145 points from the same period in

February 16, 2023

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IMF President: China will optimize epidemic prevention and control measures and the market will be more optimistic about global economic growth

According to Reuters on February 13, the President of the International Monetary Fund (IMF), Christina Georgieva, said on the same day that the global financial market has sufficient reasons to be more optimistic about economic growth, based on the impact of positive factors such as China’s optimization of epidemic prevention and control measures. Speaking at

January 29, 2023

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The two TOP10 companies merge! “Change of ownership” of the world’s largest ship management company

On January 19, the merger of OSM Maritime Group and Thome Group, the world’s top ten ship management companies, was officially finalized, and the two companies announced that they had agreed to merge. OSM Maritime Group was founded in Arendal, Norway, in 1989, while Thome Group was founded in 1963. It operates in the form

January 13, 2023

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Clarkson: The index set a new record in 2022

Clarkson’s ClarkSea index, a shipping brokerage company, covers about 80% of the world’s fleet capacity. The index soared by nearly one third in 2022, reaching a record level. The rise of the index was mainly due to the support of the container shipping sector. In addition, automobile ships, oil tankers and LNG carriers also performed

December 30, 2022

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Ministry of Transport of China: expand intercontinental aviation networks in Europe, North America, Oceania, etc

China news agency, Beijing, December 29 (Reporter Wang Enbo) Zhang Dawei, Deputy Director of the Comprehensive Planning Department of the Ministry of Transport of China, said in Beijing on the 29th that China will further facilitate international transportation, and relevant measures include expanding intercontinental aviation networks in Europe, North America, Oceania, etc.   The National

December 2, 2022

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The “World Cup economy” continues to be hot, and customs offices around the country take multiple measures to facilitate customs clearance

People’s Daily, Beijing, December 1 (Reporter Li Qiaochu) Recently, about 100000 mascots of the 2022 Qatar World Cup were transported to Qatar by air after being supervised and released by the customs officers of Guangzhou Baiyun Airport under Guangzhou Customs. “Since April and May this year, our clients have received orders from global foreign traders,

November 10, 2022

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British media: The UK is about to announce the UK UK Large Value Natural Gas Agreement

BEIJING, Nov. 8 (Xinhua) According to the British Daily Telegraph on the 7th local time, British Prime Minister Sunak plans to announce an important natural gas agreement with the United States after the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27). It is reported that the negotiations on

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