Copper prices fell more than 2% on Wednesday after data showed that manufacturing activities slowed in August in Europe and Asia. Production in China fell for the first time in nearly a year and a half.Copper for delivery in December dropped to 2.3% from Tuesday's estimated price, reached $4...
German automotive sector sentiments punged to the lowest level since April due to exacerbating supply chain blockages and a shortage of semiconductor chips, according to economic research institute ifo on Thursday.The institute’s index of automotive industry sentiment index fell nearly 30 points on ...
Copper sales in the Democratic Republic of Congo rose 10% in the first half of 2021 compared to the same period last year, while sales of cobalt rose 15%, the Mines Ministry said Tuesday.According to the ministry, exports and local sales of copper amounted to 871,956 tons, and sales of cobalt - 44,6...
On September 2, COSCO SHIPPING Holdings issued an announcement stating that it would order 10 container ships with a single-ship capacity of 16000 TEU.According to the announcement, the price of each container ship is US$157.58 million (equivalent to RMB 1.01923 billion), and the total price of 10 s...
Singapore's manufacturing sector may face supply chain disruption due to new COVID-19 restrictions in Asian region as infection rates continue to rise.SIPMM's (Singapore Institute of Purchasing and Materials Management) analysis showed that The Singapore purchasing managers' ...
The United Kinhdom's heavy goods vehicle (HGV) drivers shortage has escalated dramatically since June, when nearly all chemical distributors, interviewed by the CBA trade group, reported a driver shortage in August.The latest industry trade group survey found that 96% of companies report pro...
The southern Chinese port of Guangzhou and European port of Rotterdam reached a consensus on the renewal of the sister port agreement following the first two-year partnership agreement signed in 2019.The two ports established partnerships in 2019 and have worked on the development of shipping routes...
Hapag-Lloyd has ordered an additional 75,000 TEUs of dry boxes to further reduce the empty container shortage.The containers will be manufactured in China and delivered to Hapag-Lloyd in the fourth quarter of 2021.Summarizing all container investments since the beginning of 2020, Hapag-Lloyd has ord...
The UK government has called on IMO to achieve zero emissions from global shipping by 2050.At the start of London International Shipping Week (LISW), United Kingdom Transport Secretary Grant Shapps announced that the country supports a plan to achieve zero emissions by 2050. The target would need to...
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