The US Inflation Reduction Act and the related possibility of enacted electric vehicle (EV) subsidies which might threaten Asian automakers represent a serious concern for South Korea. However, the United States said to understand such concerns and ensured that the Korean Government will keep being consulted and taken into account as the law is implemented.

As indicated by the last data from S&P Global Market Intelligence, freight rates fall as the reduced demand for goods leads to a slowdown in global trade volumes. Moreover, weaker cargo movement is responsible for the decrease in container and vessel demand. According to S&P: “Much reduced port congestion level, along with weaker cargo arrivals,

The Consolidated Rail Infrastructure and Safety Improvement (CRISI) Program, aimed at modernising US freight and passenger rail infrastructure, has recently been allocated more than US$1.4 billion, as revealed by USDOT, the US Department of Transportation. More specifically, the Program has received more than triples funding thanks to the Bipartisan US Infrastructure Law. According to Pete

The WTO Goods Trade Barometer, an indicator for world trade, provides for real-time information on the trajectory of merchandise trade. The latest Goods Trade Barometer published on August 23rd was below the recent trend line for merchandise trade: although the global goods trade grew in the second quarter of 2022 the pace was slow, and

  The UN Committee on Trade and Development (UNCTAD) has launched a new package aimed at building resilience across the maritime supply chain, following a series of crisis – including COVID-19 and the Ukraine crisis – that have highlighted the weaknesses of global logistics. Particularly noteworthy is the guidebook for ports entitled Building Capacity to Manage Risks

Brussels, Geneva and London, 20 May 2021 – The leaders of three major international organisations, representing transport workers, operators and shippers have launched a charter to improve how truck and van drivers are treated at collection and delivery sites. Globally, more than 60 million commercial trucks are driven by qualified and dedicated workers who, unfortunately,

30 April, 2021, Global Shippers’ Alliance hold "SUEZ CANAL: what else for global shippers?" webinar. The scope of the webinar covered the recent events triggered from the Suez Canal blockage and observations on how the level playing field between maritime stakeholders is (re)acting to the situation. Presentations and the recording of the webinar are now

The Federal Maritime Commission met virtually and in closed session on the 7th of April 2021 to discuss developments in the ongoing Fact Finding 29 investigation of challenges to the freight delivery system and possible Shipping Act violations, and to receive a briefing on the agency’s monitoring activities of ocean carrier alliances. This was the

25th of March 2021, European Shippers’ Council voiced shippers’ position on unreliability and peaking prices in the maritime container transport at the meeting organised by the European Commission. The Maritime Forum gathered maritime stakeholders - shippers, freight forwarders, carriers, port operators, ship owners - and representatives of DG COMP and DG MOVE to discuss the

Shippers worldwide are furious at the chaotic shipping market and the lack of mechanisms to resolve it. The Global Shippers’ Alliance (GSA) and its individual members said that the impairments brought were immense, and global economies and the public suffered tremendously as a result. “Production, marketing activities, and distributions are all disrupted”, said Denis Choumert,