Trade – Page 14 – THE OVAL CIRCLE

Global carriers forced to reroute ships to avoid massive Suez Canal traffic jam

Posted on March 29, 2021March 29, 2021By Editor

Around a dozen tankers and container ships have been diverted from the Suez Canal as leading transport companies are looking for alternative routes to avoid the vital trade artery along Egypt that remains blocked. … Read More >Global carriers forced to reroute ships to avoid massive Suez Canal traffic jam

World

Iran & China ink 25-year strategic partnership accord as both nations face US pressure

Posted on March 28, 2021March 28, 2021By Editor

A cooperation deal between Iran and China covering a quarter of a century has been signed in Tehran, furthering Iran’s role in the Chinese global infrastructure initiative. Both nations are being targeted by US sanctions. … Read More >Iran & China ink 25-year strategic partnership accord as both nations face US pressure

Russia

Chaos at Chinese-Russian border as increased sanitary requirements to halt spread of Covid-19 cause backlog of 70 cargo trains

Posted on March 25, 2021March 25, 2021By Editor

With Russia and China becoming more closely linked economically, the free flow of cargo between the two nations is essential. But in the last year, measures to stop the Covid-19 pandemic have caused mayhem at border crossings. … Read More >Chaos at Chinese-Russian border as increased sanitary requirements to halt spread of Covid-19 cause backlog of 70 cargo trains

Business

Russia-EU trade turnover plunged over 20% in 2020

Posted on March 24, 2021March 24, 2021By Editor

The volume of trade between Russia and the European Union declined by 21% last year to $219 billion, according to the Russian Deputy Foreign Minister Alexander Grushko. … Read More >Russia-EU trade turnover plunged over 20% in 2020

Business

Biggest fall since 1997: UK trade with EU dives in first month of new Brexit ties

Posted on March 14, 2021March 14, 2021By Editor

Exports and imports from Britain to the European Union plunged in January – the first month of the nation’s new trade relationship with the bloc – according to data published Friday by the Office for National Statistics (ONS). … Read More >Biggest fall since 1997: UK trade with EU dives in first month of new Brexit ties

Business

China’s foreign trade reviving global recovery, experts say

Posted on March 12, 2021March 12, 2021By Editor

Chinese overseas commerce soared 41.2 percent year-on-year in the January-February period, amounting to $834.49 billion. Exports rose to $468.87 billion, customs data shows. … Read More >China’s foreign trade reviving global recovery, experts say

Business

Chinese investment in Australia plunges to RECORD LOW amid escalating trade row

Posted on March 2, 2021March 2, 2021By Editor

New data from the Australian National University (ANU) showed Chinese investment in Australia dropped by more than 61 percent in 2020, to just over a billion Australian dollars (US$780 million) – the lowest in the past six years. … Read More >Chinese investment in Australia plunges to RECORD LOW amid escalating trade row

Middle East

British Ship Hit by Explosion in Gulf of Oman, UKMTO Says

Posted on February 27, 2021February 27, 2021By Editor

The incident occurred at 20:40 GMT on Thursday, the United Kingdom Maritime Trade Operations (UKMTO) said without providing further details. … Read More >British Ship Hit by Explosion in Gulf of Oman, UKMTO Says

Business

Iran and Venezuela swap jet fuel & gasoline cargoes

Posted on February 27, 2021February 27, 2021By Editor

Venezuela and Iran, both sanctioned by the United States, have found a way to help each other as shipping companies stay away from dealings with the two oil-producing countries for fear of running afoul of the US. … Read More >Iran and Venezuela swap jet fuel & gasoline cargoes

Business

Russia-Germany trade turnover falls to lowest level in 16 years

Posted on February 24, 2021February 24, 2021By Editor

The volume of trade between Russia and Germany declined by 22.2 percent in 2020, year-on-year, to €44.9 billion ($54.4 billion), according to data from the German Committee on Eastern European Economic Relations. … Read More >Russia-Germany trade turnover falls to lowest level in 16 years