About five vessels bearing maize, ethanol and wheat estimated at over $37.9m have arrived at the Lagos and Tin Can Island ports. According to information obtained from the Nigerian Ports Authority’s daily Shipping Position, a vessel, Cape Daly, arrived at the ABTL terminal on September 1 carrying 10,150 metric tonnes of
Business
UK exports outside EU fall despite weak pound
Exports of British-made goods to EU increased by £1.3bn, underlining country’s reliance on trade with continental Europe Britain’s efforts to expand trade in goods beyond the European Union’s border took a knock in July after official figures showed the UK’s deficit with the rest of the world widened following a drop
Why shipping could be the next billion dollar opportunity for online retailers
Excerpts from The Future of Shipping Report (BI) - The parcel delivery industry — a segment of the shipping sector that deals with the transportation of packages to consumers — is booming thanks to e-commerce growth, and players outside the industry want a piece of the pie. In a new report, BI Intelligence looks
China’s Seaport Shopping Spree: What China Is Winning By Buying Up The World’s Seaports
Container ship Cosco Development. /RODRIGO ARANGUA/AFP/Getty Images In a bid to bolster its position as a maritime powerhouse, secure key supply chains, enhance its international trade capacities, and build up geo-economic leverage, China has been buying up the development and operational rights to a chain of ports that stretch from the
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United Continental: Is Something Amiss?
Continental United Airlines - N73275 One team of analysts wonders why United Continental's revenue trends are so much worse than its peers. (Barron's) - Yesterday, United Continental Holdings offered a revenue outlook that was far worse than the ones provided by Delta Air Lines or American Airlines, confirming what the market already seemed to know: United just
Hurricanes Disrupt Freight Sector, Send Rates Soaring
....Normal shipping patterns are upended as goods flow into Houston for restocking and rebuilding while little flows out; some truckers hesitate to accept loads. .....Trucks are also struggling to find loads in the city for the return trip because so many businesses that export to other parts of the country remain
EU approves insolvent Air Berlin’s 150 million euro lifeline
FILE PHOTO: Passengers board an Air Berlin aircraft at Tegel airport in Berlin, Germany, June 14, 2017. REUTERS/Hannibal Hanschke/File Photo FRANKFURT (Reuters) - The European Commission on Monday approved a German bridging loan for Air Berlin that will keep the insolvent airline’s planes flying while it tries to find buyers for
Tyremaker Pirelli to sell 40 percent stake in Milan market comeback
Formula One - F1 - Russian Grand Prix - Sochi, Russia - 29/04/17 - Pirelli tyres on display in paddock area. REUTERS/Maxim Shemetov (Reuters) MILAN (Reuters) - Italian tyremaker Pirelli, bought by state-owned China National Chemical (ChemChina) two years ago, will sell up to 40 percent of its equity capital in
Taxify takes on Uber in crowded London taxi-hailing market
FRANKFURT (Reuters) - Estonian start-up Taxify is to go head to head with Uber [UBER.UL] in London’s highly competitive taxi-hailing market, and also has Paris in its sights. Taxify said it will launch services across London on Tuesday after signing up 3,000 private hire taxi drivers, who have been vetted to