Trading in container freight contracts on Shanghai’s Shipping Freight Exchange has collapsed to the lowest level since the platform was launched just over two years ago, as extreme volatility on the spot market has forced traders to shun futures, industry analyst Alphaliner said.
News & Analysis
20 Jun 2013
India’s Kerala government has signed loan and project agreements with the World Bank to receive $216 million for the Second Kerala State Transport Project.
23 May 2013
Germany’s HSH Nordbank, the world’s biggest ship financier, warned the crisis in the shipping market could deepen through 2014, as it announced sharply lower net income and more than tripled loan loss provisions.
11 Apr 2013
The Export-Import Bank of the United States and the Dubai Economic Council of the United Arab Emirates have signed a memorandum of understanding.
04 Apr 2013
The Export-Import Bank of the United States will participate in U.S. Global Business Solutions, a new interagency initiative to expand the reach of federal export assistance...
04 Apr 2013
In response to the changing local and global economy and to overcome the “middle income trap,” the Thailand Board of Investment is revising its Investment Promotion Privileges and Strategies to promote...
03 Apr 2013
Ship operators worldwide face “significant” refinancing and default risks, driven by tight bank funding, industry overcapacity, depressed trading conditions, high operating costs and declining ship charter rates...
27 Mar 2013
Transnet SOC, South Africa’s state-owned ports and rail operator, and China Development Bank have signed an agreement to jointly explore and identify opportunities for the Chinese state-owned bank to have a role in Transnet’s infrastructure upgrade programs.
26 Mar 2013
Monterey Bay International Trade Association has signed a City/State Partners program contract with the Export-Import Bank of the United States to accelerate export business by...
11 Mar 2013
India’s Ministry of Commerce and Industry reported the trade deficit from April 2012 to February 2013 was $182.1 billion, expanding from the deficit of $169.8 billion in the same period in the previous fiscal year.