Why Hong Kong Needs to Work with Greater Bay Area
The Greater Bay Area (GBA), Beijing’s ambitious plan to unite nine Guangdong cities with Hong Kong and Macau, is an economic initiative rivaling global hubs like New
European Commission launches Ship Financing Portal
The Ship Financing Portal, designed to improve access to financing for the shipping sector and the wider maritime industry, is now online! The platform, launched by the European
CMA CGM declares a force majeure for Baltimore shipments
CMA CGM declares a force majeure for Port of Baltimore shipments following the Francis Scott Bridge collapse caused by the containership Dali. Following the terrible accident with
Cyprus’ Business Turnover in Transportation and Storage
Cyprus’ Business Turnover Index in Transportation and Storage reached 143.1 units in the fourth quarter of 2023, with 2015 being the base year, reflecting a 6 per cent
Container Shipping in 2023: The Changing Landscape
The container shipping sector experienced a significant collapse in freight rates in 2023, impacting the top ten container shipping companies more severely and rapidly than anticipated. This
Unrest in the Red Sea rises demand for containers
Due to the Houthi rebels’ ongoing attacks, the Red Sea—a crucial route for East-West trade—is experiencing unparalleled volatility. This has resulted in higher fuel and insurance prices,
Merry Christmas and Happy New Year!
May the Christmas season bring more success and achievements in your life. Have a safe and great holiday. Merry Christmas and Happy New Year!
Olvi Forwarding Ltd Expands its Reach with New Branch
Olvi Forwarding Ltd, a Cyprus-based forwarding company, has recently announced the opening of its new branch in Hong Kong. This expansion marks a significant milestone in the
2024 sustainability trends for global logistics
David de Picciotto from Pledge offers his thoughts on 2024 sustainability trends in freight forwarding. Global logistics is responsible for 11% of the world’s emissions, but the industry
Maritime Cyprus looks to the future
The International Conference “Maritime Cyprus 2023” took place between 9-11 October 2023 in Limassol, organised by the Shipping Deputy Ministry in cooperation with the Cyprus Shipping Chamber