Port News

 

Egypt - New Suez Shipping Lane

The shipping lane runs parallel to Port Said and allows vessels to sail in both directtion  and will allow lower sailing times.

Jebel Ali

DP world signs constructions contract to expand Jebel Ali Port which includes extending the quay by 1,200m

St Petersburg's new port

The new deep water port aims to become Russia's major hub for cargo and container shipping (despite industry slump)

Company News

German shipping company in Limassol is being investigated for tax fraud.

details to follow

Trade News

Mecosur makes EU free trade offer prior French visit

South American bloc Mercosur is offering to open up 93 percent of its trade to competition from the European Union to seal a long-sought free-trade deal, Uruguay's president said Monday.

 

 US, EU opens free-trade talks in Brussels

Top negotiators on a huge transatlantic trade treaty between the EU and US opened new talks on Monday with the aim to tackle one of the deal's most controversial aspects.

China's industrial overcapacity damaging global economy; study

China's overcapacity in heavy industries is wreaking "far-reaching" damage on the global economy, with steel production "completely untethered" from market demand, the European Union Chamber of Commerce in China said Monday.