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Trade News

Pandemic leaves Chinese ports clogged - 2022

The world continues to reel under the Coronavirus pandemic and its multiple waves shaking one country after the other, manifested by the new Omicron variant now. As in most industries, the pandemic has its pronounced impact on the shipping industry as well, especially leading to congestion at Chinese ports, which is also aggravated by other causes. Read on to know the many reasons causing Chinese ports congestion, including if Hong Kong can play a bigger role in logistics.

Expert Speak

Cogoport: Global Trade Platform

We need to move from a fragmented, non-synchronous set of processes to a trusted, seamless experience that is purpose-built to help businesses not only survive but thrive. We need a Global Trade Platform, that is intuitive, accessible, and can unleash the full potential of all trade-aspirant companies to truly be able to participate in global trade.

Trade Insights

Digital Adoption in Shipping industry

The global shipping industry, which is crucial for the normal functioning of trade and commerce and the wider world took its baby steps towards digitalisation only recently, falling behind several other age old industries such as banking, travel, telecom and others. Read on to know how a few shipping pioneers are blazing the trail of digitalisation to modernise the landscape for seamless operations.

Expert Speak

How Olympics boost host countries trade ?

‘Olympic Trade Effect’: Countries bidding to host the Olympics send a signal that they are ready to open up trade. Leading economists believe that there was strong evidence of the Olympics having a large positive effect, north of 30 percent, on exports of hosting nations. This points towards that the China Winter Olympics 2022 will boost export and import from the nation.

Industry Trends

China to India: Best Time to Book Freight Is Now!

Global import price levels could increase by 11% due to global demand surge and limited supply. Several factors point towards an increase in freight rates while importing goods from China across the next few months. We advise booking freight containers from China now to avoid getting caught up in the upcoming cycle of capacity squeezes.

Container Tracking: Need of The Hour

Tracking shipments is a very important aspect of international trade which continues to give jitters to all, especially small and medium enterprises (SMEs). Current progress made on container tracking is not sufficient to meet the requirements of importers and exporters.

Trade Insights

Top 10 Busiest Ports in India for trade

Gujarat takes the top two honours. Maharashtra and Tamil Nadu also contribute two ports each to the list. India has 12 ‘major’ and more than 200 ‘non-major’ ports. In this piece, we rank the 10 busiest ports in India based on cargo traffic handled by each in 2020-21.

Trade Insights

Decoding Trade Knowledge and Execution Gap

The trade knowledge and execution gap in international trade are growing rapidly. UN has consistently estimated that missed opportunities in international trade have cost the world nearly $1.5 trillion dollars annually. More recent estimates indicate that this number has grown to $3.5 trillion dollars.

Guides

Cogoport Powers Container Tracking

Learn how Cogoport, an Indian technology startup, can make life easy for traders and SMEs in their international trade journey by offering ocean shipment visibility platform with best-in-class attributes and features.