Maersk expands Egyptian terminal as Med competition increases
THE Suez Canal Authority reports that Maersk will be investing US$500 million for the expansion and modernisation of its terminal operation while Hapag-Lloyd two months ago also announced plans for a new terminal operation in Egypt.In addition, there are reports that Egypt has also entered into a...
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US business confidence in China drops dramatically, says survey
SENTIMENT about operating in China among US businesses has plummeted to a new low, according to an annual survey by the US-China Business Council, reports the Wall Street Journal.The annual poll of member companies found American multinationals increasingly losing confidence in the near-term pros...
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Hamburg container volume holds steady as rival ports falter
THE container throughput trend in the Port of Hamburg in the first half of 2022 held steady while rival European ports saw volumes fall.Total throughput of 4.4 million TEU in the first six months of the year, a slight growth of 0.9 per cent compared to the first half of 2021, reports London's...
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