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Business
Coca-Cola Invests More Than 2 Billion Yuan in China, Expanding Its Manufacturing Footprint
While many multinational corporations are reassessing investment strategies and restructuring global supply chains, Coca-Cola is doubling down on China. Together with its bottling partners, the company has invested more than 2 billion yuan in...
Digital technologies
Hyundai Successfully Tests Autonomous Robot on Board an Operating Vessel for the First Time
Hyundai Motor and Kia, together with Korean Register, shipping company HMM, and several South Korean partners, have completed the world's first successful demonstration of an autonomous robot operating aboard a commercial vessel. The trial...
Global Affairs
EU Fines AliExpress $629 Million for Violating the Digital Services Act
AliExpress, the global e-commerce platform owned by Alibaba, has been fined €550 million (approximately $629 million) by the European Commission for violating the requirements of the Digital Services Act. The regulator concluded that the...
International trade
Seafarers Offered Six Months’ Salary for a Single Voyage Through the Strait of Hormuz
The security situation in the Strait of Hormuz continues to deteriorate. Over the past day, multiple commercial vessels have been targeted in a series of serious attacks. Two tankers were abandoned by their crews...
International trade
China’s Auto Export Boom Overloads Shipping Market: 2 Million Vehicles to Be Transported in Containers
The rapid expansion of China's automotive exports is forcing the maritime industry to adopt unconventional solutions. This year, approximately 2 million vehicles are expected to be transported in standard shipping containers instead of dedicated...
International trade
Japanese Shipping Giant NYK Completes Full Acquisition of Norway’s Saga Welco
NYK acquired the remaining 50% stake in Saga Welco from its former partner after receiving all required regulatory approvals. The deal was officially completed on July 20, while the financial terms of the transaction...
Transport and shipping
Tornado Overturns Trucks in France as Poland Issues Storm Alerts
Two Trucks Overturned Near Saint-Étienne
A powerful storm that struck France on July 16 caused dangerous incidents on major roads and disrupted transport infrastructure.
One of the most dramatic events occurred when a tornado moved through...
Warehouses and infrastructure
Germany to Invest €500 Million in Motorway Rest Areas
Germany Launches Major Infrastructure Upgrade
Germany's federal motorway operator Autobahn GmbH plans to invest around €500 million in upgrading motorway rest areas across the country.
The funding will be used to modernize sanitary facilities, parking areas,...