The Global Shipping Business Network, a consortium building a global trade data exchange, has launched products that tether bill of lading information to title transfer and proof of shipment notices.
Financial services group ODDO has invested in shipment management software provider BuyCo as part of a broader aim to tether logistics data to new trade finance products intended to provide an alternative to letters of credit.
The carrier said it has already signed 100 clients, involving more than $80 million in credit, and is looking to finance another $200 million over the next year.
Foreign investment in the five founding members of ASEAN, the Association of Southeast Asian Nations, last year topped $128.4 billion, five times the 2001 level, Merrill Lynch economist Chua Hak Bin said in a report carried today by the South China Morning Post.
India’s Kerala government has signed loan and project agreements with the World Bank to receive $216 million for the Second Kerala State Transport Project.
In response to the changing local and global economy and to overcome the “middle income trap,” the Thailand Board of Investment is revising its Investment Promotion Privileges and Strategies to promote...
India’s Ministry of Commerce and Industry reported the trade deficit from April 2012 to February 2013 was $182.1 billion, expanding from the deficit of $169.8 billion in the same period in the previous fiscal year.
Pacific Northwest ports outpaced their southern West Coast rivals in year-over-year growth in container trade with Asia, with a 3.9 percent increase in imports, 1 percent in exports and 2.7 percent in total trade through the first 11 months of 2012.
Analysts are hopeful that trade between Japan and China will improve gradually this year after a 2012 slump made far more painful by a territorial dispute over a group of islands in the East China Sea.
The economies of China, India and Vietnam are projected to grow faster in 2013 than they did in 2012, raising hopes in the maritime industry that the major east-west trade lanes serving Asia again will be engines of growth.
India’s economic growth slowed to 5.3 percent in the second quarter, its lowest level in nine years, Coface recently reported in its assessment of the country’s fiscal performance.
India’s exports during October were valued at $2.3 billion, a decrease of 1.6 percent from $2.4 billion during the same month last year; and imports were $4.4 billion, jumping 7.4 percent year-over-year from $4.1 billion.
Officials from the Export-Import Bank of the United States and the Japan Bank for International Cooperation have signed a co-financing agreement to facilitate future export transactions...
A handful of importers in the eastbound Pacific trades sign their annual service contracts during the cold winter months when spot market rates are low and carriers are anxious to lock in cargo commitments for the coming year.