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So far Annabelle Xerri has created 19 blog entries.

Exports down, imports up in February

Trade deficit up €45m compared to February 2016 Imports increased by €19.7 million, while exports decreased by €25.7 million, in February, the National Statistics Office reported on Monday. The increase in the value of imports was primarily from mineral fuels, lubricants and related materials (€45.1 million), and was partly outweighed by a decrease of €33.9 [...]

Malta Freeport gearing up for future challenges

Malta Freeport Terminals handled a record 3.15 million containers in 2017 as it continued to consolidate its position as a leading transhipment hub in the Mediterraneanin. Twenty weekly mainline services now call at the Freeport, which recently added important strategic routes to India and Brazil to its growing list of serviced ports. This means that clients [...]

€15 million pharma plant to open in Malta in 2019

The new company will initially employ 60 people Global pharmaceuticals company Cetic is planning to set up a €15 million plant in Malta by not later than 2019, creating 60 jobs, Economic Services Minister Chris Cardona announced Tuesday. The announcement was made during the signing of a letter of intent between the company,  Malta Enterprise and [...]

Cargo megaship is the largest-ever vessel to visit Malta

A container ship that is four football pitches long has become the largest-ever vessel to visit Malta. The Munich Maersk is 399 metres long and 58.6 metres wide, with a maximum capacity of 20,568 TEU containers. Built by Daewoo Shipbuilding and Marine Engineering in Korea, it was delivered to Maersk this past June. The massive ship sailed [...]

New India connection for Freeport provides ‘unprecedented opportunities’

Service operated by three of the world’s largest shipping lines   Malta Freeport Terminals has added a new weekly service to its thriving operations which links major ports in India, Pakistan, Eastern Mediterranean and the Arabian Gulf. The service, known as ‘IndaMed’, is operated by three of the world’s largest shipping lines: CMA CGM, APL [...]

The Ocean Alliance chooses Malta Freeport as their central Mediterranean transhipment hub

After months of transformation in the form of mergers and acquisitions, eleven of the world’s largest container shipping lines have come together into three new alliances - The Ocean Alliance, 2M and The Alliance. These new alliances have set sail on 1st April. Malta Freeport Terminals (MFT) is proud to have roped in the Ocean Alliance [...]

Customs to launch new clearance system. Paper-free environment planned by 2020

The Customs Department will be deploying a new system for the clearance of goods on July 31. The department said it had been feeling the need for the investment, since maintaining and upgrading the current aging system had become “precarious, complicated and too costly”. The project was entrusted to government agency MITA and several meetings [...]

Smaller forwarders can score in post-Brexit integrators-independents battle

Smaller forwarders are best placed to remove customer headaches that will accompany Brexit, as expected supply chain disruptions are likely to be accompanied by increased demand for express and expedited logistics services. That’s the view of group managing director at Priority Freight Neal Williams. He told The Loadstar he believes there is a positive future [...]

US forwarder offered ‘personal shopper’ service to evade tough export regulations

US exporters and their freight forwarders are likely to come under increased regulatory scrutiny after Florida-based freight forwarder Access USA Shipping confessed to export violations. The company ordered to pay $27m in fines following an admission to the US department of commerce’s Bureau of Industry and Security (BIS) that it had committed around 150 export [...]

Why automation alone won’t kill the freight forwarder says BIFA

The British International Freight Association (BIFA) has reacted to speculation that Amazon and Uber may be about to launch their own global freight brokerage businesses. BIFA director general Robert Keen underlined “the vastly challenging and circuitous landscape” that traditional freight forwarders and brokers operate in on a daily basis. The trade association for UK freight [...]