CargoSmart has successfully completed a proof-of-concept with eTradeConnect, a multi-bank blockchain consortium in Hong Kong facilitated by the Hong Kong Monetary Authority The engagement explored ways to improve global trade through enhanced collaboration among shippers, banks, terminal operators, and ocean carriers, with applications to be further developed once the Global Shipping Business Network (GSBN) is
Not far from an abandoned industrial site with rusted metals reminiscent of its manufacturing past, the port of Vado Ligure carries the promise of the Italian city’s future. Neighboring an old reefer terminal that has so far handled mostly bananas and pineapples, new Vado Gateway terminal, under a partnership between European and Chinese businesses,
Government plans to strengthen compliance with Operation Brock – the queuing system to be introduced for lorries in Kent in the event of a No Deal Brexit – will put the responsibility for having the correct documentation on hauliers but there is no clarity on the actual paperwork required, argues the Freight Transport Association. It
China has signed cooperation documents on jointly building the Belt and Road with 18 Arabian countries, the Ministry of Commerce (MOC) said Friday, July 12. China-Arab joint efforts to push forward cooperation on the Belt and Road has reached notable achievements, showing great potential and broad prospect, Vice Minister of Commerce Qian Keming told a
An international joint-venture formed by Dubai-based port and terminal operator DP World and industrial engineering specialists SMS group will revolutionize the way that containers are handled in ports. A new and intelligent storing system will be applied for the first time ever at Jebel Ali Terminal 4, in time for the Dubai Expo 2020 world
The travel lift installed few months ago within the superyachts village proceeds beyond expectations. In addition to a high demand for maintenance and stopover from the yachts, several requests have been received from tugboats for haulage for scheduled maintenance. The first vessels on the travel lift have been the tugs NUNKI and SAIPH, each one
Airline cargo may be transferred to the Freeport through a dedicated link in the future as government considers options to develop the aviation sector around the airport. But that is just one of many ideas that are currently being evaluated as part of an airport masterplan being drawn up by Malta Industrial Parks Ltd (MIP),
In today’s business world, everyone is everything. Industries are so interconnected that being part of one requires you to be a part of many others. Take Amazon, for example: as we’ve written before, the e-commerce giant is also a growing logistics player … and they’re becoming a search engine as well. The same is true
A white paper entitled The Evolving Freight Forwarding Market (2018) and based on 50 responses to a survey carried out by logistics research and consultancy firm Logistics Trends & Insights (LTI) in April reveals a great deal of optimism among the forwarding community – in spite of questions of viability in the face of rapid
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
