Weekly Newsletter

Weekly Newsletter

EU announces eighth round of sanctions against Russia

On the 28th, the EU announced the eighth round of sanctions against Russia. Including a comprehensive ban on the sale of Russian goods in the EU market, increasing the list of goods, technologies and services prohibited from exporting to Russia, increasing the list of sanctions against Russian individuals and entities, setting the legal basis for price caps for Russian oil, and taking measures to punish attempts to evade EU sanctions against Russia.

Three branches of the North Stream natural gas pipeline damaged

On September 27, local time, Beixi AG, which is responsible for the construction and operation of the "Beixi" natural gas pipeline, issued a statement saying that it is the first time that the three branches of the Beixi natural gas pipeline have been damaged at the same time, and it is impossible to predict when the gas supply will be restored. Earlier, Russian media reported that an accident occurred in the "Beixi-1" and "Beixi-2" natural gas pipelines, and it would take several months to repair the two pipelines.

Egypt: Central Bank announces relaxation of foreign exchange restrictions on imports

Recently, the Central Bank of Egypt has relaxed restrictions on the use of imported foreign exchange to ease the backlog of goods at ports. The move aims to eliminate the negative impact of the Egyptian central bank's previous requirement that importers use letters of credit to pay for goods, including the inability of companies to obtain foreign exchange deposits and the accumulation of goods at ports.

IATA: Cargo demand continues to approach pre-coronavirus levels

According to the International Air Transport Association (IATA), global air cargo demand continued to be close to pre-epidemic levels in July, down 9.7% year-on-year and 3.5% lower than the same period in 2019. Global air cargo capacity increased by 3.6% year-on-year, of which international capacity increased by 6.8%, while air cargo capacity in the Asia-Pacific region decreased by 9.0% year-on-year.

SIPG plans to invest 55 billion to build a new container terminal 

SIPG announced that it intends to invest in the construction of the container terminal and supporting projects in the Xiaoyangshan North Operating Area of the Yangshan Deepwater Port Area of the Shanghai International Shipping Center, with the holding subsidiary Shanghai Shengdong International Container Terminal Co., Ltd. as the main body of the project. more than 55 billion yuan.

Shenzhen Xunlaitong specializes in shipping export from Shenzhen to Australia & New Zealand, Germany, Netherlands and more business

www.xunlaitong.com