China is testing intelligent, LNG-powered vessels on a new artificial waterway in Guangxi, part of a $10 billion project connecting the region to the Gulf of Tonkin. The vessels can share real-time data and perform automated mooring, aiming to boost shipping capacity and cut costs ahead of a planned test run in September.
Gujarat exporters are struggling with soaring logistics costs and trade uncertainty with West Asia due to ongoing conflicts. Freight charges have surged dramatically, and disruptions are increasing handling times, transit, and insurance expenses, impacting sectors like pharmaceuticals, perishables, and textiles.
Armenia's government approved two subsidy programs to compensate entrepreneurs for logistics costs and customs payments on exports, particularly to the EU. This follows Russia's recent bans on Armenian mineral water and agricultural products, which Prime Minister Pashinyan had pledged to support exporters affected by.
Over 25% of European companies in China have adjusted supply chains due to the Middle East conflict, citing higher energy and logistics costs, with 81% struggling to source Middle Eastern inputs.
Chinese self-driving technology firm ZYT is edging closer to mass production of semi-autonomous trucks that can improve fuel efficiency and save logistics costs, likely to benefit the country’s manufacturing businesses amid a global energy crisis. The Shenzhen-based start-up, a spin-off from drone maker DJI, has formed partnerships with mainland China’s top six heavy-truck makers to produce models fitted with its navigation on autopilot (NOA) systems, with the first deliveries expected as early...
Hong Kong retailers are employing aggressive cost-saving strategies including direct sourcing and economies of scale to absorb rising logistics costs from the Middle East conflict. However, leading cosmetics chain Sa Sa International has warned that shipping and airfreight costs have already surged 10-15%, with further pressure expected if the situation affects fuel supplies since many beauty products are petroleum by-products.
