On Tuesday, Swiss forwarder Panalpina opened a six-floor, 25,800-square-meter air- and ocean freight logistics center in Singapore, targeting demand for its services from clients in the energy, healthcare, technology, manufacturing and fashion industries operating through the tiny nation. In his remarks at the opening ceremony, Panalpina CEO Stefan Karlen said, “more
Import & Export
U.S. ports expect record imports in July
The Port of Long Beach “Imports from China and elsewhere are expected to continue to grow for the foreseeable future,” says National Retail Federation. Major container ports across the United States are expected to set a new import record in July, fueled by increasing consumer demand and rising retail sales, according to
Freight Demand growth slowed in May, as protectionist policies loom – IATA
May reports from the International Air Transport Association (IATA) and WorldACD show that the 2017 heyday of double-digit growth rates in the global air freight market are officially returning to normal levels. The organization said freight tonne kilometers (FTKs) increased by a moderate 4.2 percent, year-over-year, for the month of
DHL Freight opens new facility in Manisa, Turkey
Uwe Brinks, CEO DHL Freight, Hasan Kavci, Managing Director, DHL Freight Turkey and other dignitaries at the opening ceremony. DHL’s Freight division opened on Thursday its 38,000-square-meter warehouse in Manisa, Turkey, in response to a growing demand for logistics services near the nearby port city of Izmir. Uwe Brinks, CEO of DHL Freight,
Confusion as China ports delay U.S. cargoes, disrupting trade
FILE PHOTO: A container truck moves past containers at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. REUTERS/Aly Song/File Photo Some major Chinese ports delayed clearing goods from the United States on Friday, four sources said, potentially disrupting imports worth billions of dollars as the world’s top two
Government Agencies, Customs Agents Trade Blame over Delays at Lagos Ports
Lagos - Following the declaration by the Vice President, Prof Yemi Osinbajo that some government agencies were frustrating the federal government’s Ease of Doing Business policy, licensed customs agents and government agencies operating at the ports are trading blames over delays in cargo clearance at the ports. During an unscheduled visit to
Canada is changing where cars are imported
Funding green-lighted for vehicle-processing centre at Port of Nanaimo. Canada’s Minister of Transport Marc Garneau on Wednesday announced an investment of more than C$6.3 million for a project at the Port of Nanaimo, on the east coast of Vancouver Island in British Columbia, that is expected to change the way cars
Trump greets EU trade reprisals with threat of steep auto tariff
President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars. Trump posted his threat on Twitter the day European Union reprisals took effect against U.S. tariffs on European steel and aluminum. The EU targeted
Nigeria’s Automobile Policy Lead to 20% Drop In Revenue From Car importation – NPA
The Nigerian Ports Authority said on Thursday that revenue on car importation into the country dropped by 20 percent this year, a fallout of the Federal Government’s Automobile Policy. The Managing Director, NPA, Hadiza Bala-Usman, revealed this to the House of Representatives Committee on Ports, Harbours/Waterways when she appeared before the committee
Lateness of Customs to Apapa Examination Bays worry Clearing Agents
Lagos - Clearing agents operating at the Apapa Port in Lagos have accused the Apapa Command of the Nigeria Customs Service (NCS) of lateness to the examination of cargoes. This is coming after Vice-President Yemi Osinbajo recently accused customs officers of not coming to office on time for examination of cargoes, thereby