Maersk says it can provide trade finance faster and easier than banks.
Asia Trade Finance
Asia Trade Finance
07 Apr 2014
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.
20 Jun 2013
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.
04 Apr 2013
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...
11 Mar 2013
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.
01 Mar 2013
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.
28 Feb 2013
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.
18 Jan 2013
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.
26 Nov 2012
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.
20 Nov 2012
Hanjin Shipping recently announced a rate restoration surcharge plan for its Asia-Europe trade, effective Dec. 16.
13 Nov 2012
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.
26 Oct 2012
German ocean carrier Hapag-Lloyd will increase its rates on East Asia services starting in November.
25 Oct 2012
Hyundai Merchant Marine will increase export rates from the U.S. and Canada to destinations in the Middle East and the Indian subcontinent.
25 Oct 2012
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...
15 Oct 2012
Shipping company Hyundai Merchant Marine will no longer offer refrigerated services from the U.S. East Coast to Asia, starting Jan. 1, 2013.
12 Oct 2012
Chapman Freeborn Airchartering opened a new office in Hong Kong yesterday, expanding its on-board courier services after acquiring Euro Express Ltd...
10 Oct 2012
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.