Freight rates from Asia spike by 53% amid Red Sea crisis
The disruption assumes significance as the Bab-el-Mandeb Strait is vital for 30 per cent of global container traffic.
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Shipping firms take first steps towards Red Sea return
The world's top shipping companies had stopped using Red Sea routes after Yemen's Houthi militant group began targeting vessels this month, disrupting global trade through the…
Singapore port hits all-time high of 3 billion gross tons in vessel arrivals in 2023
Singapore’s port reached 1 billion gross tons in 2004 and 2 billion gross tons in 2011.
IMF flags potential exodus of funds from Bangladesh
It said foreign currency shortages and letter of credit margin requirements on the payments by bank deposits to curb non-essential imports led to a sharp contraction in imports by…
China plays key role in WTO digital trade talks
Experts said the participating parties will have tough nuts to crack, such as permanent exemption of tariffs on electronic transmissions and cross-border data flows, and will need…
South Korea’s 40-something working population hits 20-year low
South Koreans in their 40s, from January to November of this year, marked a yearly decrease of 120,000. The dip was the second steepest out of all age groups, after the 15-29…
Indonesia eyes more underground mining amid declining reserves
Growing requirements for various minerals such as iron, copper and coal have significantly pushed the demand for underground mining, according to Research Nester.
Vietnam promotes development of green industrial parks
According to experts, developing a circular economy has become a trend among countries, especially as the world's resources are increasingly depleted.
Red Sea impasse to push up cost of importers-exporters
Market insiders said the 5,600-kilometre diversion will add two weeks of travel time and increase the cost of shipping goods by over 40 percent.
Japan labour productivity ranks 30th among OECD nations
Observers pointed out that Japan’s labour productivity remains low, mainly due to Japanese companies’ failure to invest in human resources through such means as wage hikes.