Global trade routes are becoming increasingly fragile, as important narrow shipping routes are facing severe threats from human factors such as conflicts, piracy, terrorism, as well as natural disasters such as extreme weather. A new study shows that disruptions at these critical nodes will affect approximately $192 billion worth of maritime trade annually and result

China news agency, Beijing, November 12 (Reporter Pang Wuji) – The Simandou Project, a huge project attracting the attention of the global mining industry, has been officially put into production in Guinea, West Africa. According to the news released by global mining giant Rio Tinto, on the 11th local time, the Simandou project partner Win

Hangzhou, October 14 (Xinhua) — According to the Zhejiang Provincial Department of Marine Economic Development on October 14, the “Istanbul Bridge” cargo ship, which made its maiden voyage from Ningbo Zhoushan Port on September 23, arrived at the Port of Frixtor in the UK on the 13th local time, marking the successful navigation of the

Recently, COSCO Shipping and Xiaomi officially launched their mobile phone warehouse project in Panama’s PANAPARK Free Trade Zone. Under the joint witness of both parties, the first batch of Xiaomi phones were successfully put into storage and launched, marking a new stage of cooperation between the two sides in the Americas region. In the future,

The flow and mode of logistics serve as a window for observing regional economic vitality and industrial competitiveness. Recently, the China Federation of Logistics and Purchasing released logistics operation data for July. From January to July this year, the total amount of social logistics in China reached 201.9 trillion yuan, a year-on-year increase of 5.2%.

Since the beginning of this century, regulatory regulations for the shipping industry have been intensively introduced, continuously driving up industry costs. The specific impact varies depending on the type of ship, route, and operating region. Shipping brokerage firm Gibson pointed out in its latest weekly report that the shipping market has been under tremendous regulatory

Alphaliner reported that despite the uncertainty of the global situation and intense market volatility, there were still a large number of second-hand container ships changing ownership in the first half of this year. In the first half of 2025, container shipping companies will be active in the second-hand ship trading market, while at the same

Vienna, July 9 (Xinhua) — The 9th International Symposium of the Organization of the Petroleum Exporting Countries (OPEC) opened on July 9 at the Hofburg Palace in the capital of Austria, Vienna. The attending representatives focused on energy transformation and called for joint efforts to address the challenges of energy and climate change. This seminar

On June 12th, the reporter learned from Maersk Group that Maersk has recently launched the TP9 route from eastern China through Northeast Asia to the west coast of the United States. The TP9 route has a port of call sequence of Xiamen Busan Long Beach Xiamen, and is part of the “Gemini” shipping network jointly

BIMCO, the world’s largest shipping association, has completed its election and welcomed its first American president. Paul Pathy, President and CEO of Fednav, Canada’s largest dry bulk shipping company, has officially taken over as BIMCO Chairman. The two-year term of Nikolaus Sch ü es, former Chairman and CEO of German shipowner F. Laeisz, has expired.