News out of the European Union these days seems to be all about divisiveness and imminent economic chaos. So it's easy to overlook the latest reforms that promise to make life easier for traders doing business in the region.
A drone service delivering blood for transfusions has been launched by the president of Rwanda. The drones are expected to make between 50 and 150 life-saving deliveries a day to remote and inaccessible clinics across the western half of the country, according to Zipline, the company behind the technology.
A range of shipping organizations are putting pressure on the International Maritime Organization to act on air emissions ahead of the marine environmental committee meeting (MEPC 70) in late October. The meeting is scheduled to discuss policy measures for the shipping sector in terms of CO2 reduction and whether or not to postpone the global 0.5 percent sulfur cap planned for 2020.
Bank stocks have been shaken after a steep drop in China's exports made investors worry again about the health of the world's second-largest economy. U.S. stocks gradually recovered most of their losses as safer investments such as utilities traded higher, the Associated Press reported.
China's September exports fell 10 percent from a year earlier, while imports shrank 1.9 percent after picking up in August, suggesting signs of steadying in the world's second-largest economy may be short-lived.
The Panama Canal Authority (ACP) has issued a request for proposals to the four pre-qualified port operators selected to compete for the concession to design, develop, finance, construct, operate and maintain a container terminal located near Corozal, in the Pacific entrance of the Panama Canal.
The International Monetary Fund has warned that sluggish economic growth throughout the world could bolster an anti-trade backlash that has become a feature of politics in both the United States and Europe.
The last three months have been some of the worst the multipurpose and project carrier sector has endured in years. The breakbulk and project cargo sector remain weak, with little suggestion that volumes will improve significantly until the end of 2017, according to a recent report published by global shipping consultancy Drewry.