Dollar rationing pushes Nigeria wheat buyers to parallel market
Flour millers in Nigeria, Africa’s biggest buyer of wheat, are turning to unauthorized traders for dollars to purchase the commodity after the central bank restricted…
Egypt expects Ever Given compensation deal signing next week
Egypt expects to finalize an agreement next week for compensation over the giant ship that blocked the Suez Canal in March, according to the waterway’s…
China sues Australia over tariffs in hit to strained ties
China sued Australia over anti-dumping measures on some Chinese goods, further ratcheting up tensions between the two nations.
China may open up to more foreign cotton after Xinjiang ban
China looks likely to allow more cotton imports than usual this year after a U.S. ban on fiber from Xinjiang spurred some Western retailers to…
One airline is set to emerge from Covid stronger than ever
It’s the final Wednesday of January 2020, the coronavirus has yet to claim anyone outside of China, and Qantas Airways Ltd. Chief Executive Officer Alan…
Loadsure addresses global underinsurance crisis with industry’s first international, per-shipment insurance API
With cargo losses continuing to climb, Loadsure’s pay-as-you-go smart cargo insurance empowers shippers, freight forwarders, and 3PLs to protect international shipments in 40 seconds or…
CN-KCS voting trust strongly supported by International Brotherhood of Boilermakers
CN and Kansas City Southern (“KCS”) today announced that the International Brotherhood of Boilermakers (“IBB”) filed a letter of support for CN’s and KCS’ proposed…
MOL Group to establish MOL Logistics (tank containers); move strengthens ties with Nippon Concept Corp.
Mitsui O.S.K. Lines, Ltd. today announced that MOL, Nippon Concept Corporation, and MOL Logistics Co., Ltd. have decided to jointly establish MOL Logistics (Tank Containers)…
A record cash flow is brewing for the world’s public E&Ps in 2021 as US shale delivers super-profits
With oil trading above $70 per barrel while investment activity remains low, the world’s publicly traded exploration and production (E&P) companies are set to generate…
INTERCARGO joins calls for a fair future for seafarers
INTERCARGO is supporting the shipping community by encouraging bulk carriers in ports around the world to sound their horns at 12 noon local time on…
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