Gabon Unveils Lucina Terminal As Key Oil Export Hub

Gabon Unveils Lucina Terminal As Key Oil Export Hub

Lucina Terminal, a significant oil export port in Gabon, is located near Mayumba in Nyanga Province. It is known for its unrestricted draft and efficient oil loading capabilities. Operating 24 hours a day, this port is a crucial hub for Gabon's oil economy, and understanding it provides insight into the country's overall economic situation. Other important Gabonese ports, such as Cape Lopez and Port-Gentil, also support the nation's foreign trade. The port plays a vital role in the West African shipping landscape due to its strategic location and oil handling capacity.

09/29/2025 Port Encyclopedia
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Guide to Mitigating Risks in House Bills of Lading for Global Trade

Guide to Mitigating Risks in House Bills of Lading for Global Trade

This paper addresses the risks faced by foreign trade enterprises and cross-border e-commerce companies when using Forwarder Bills of Lading (HBL), such as forwarder qualifications, destination port agents, and property rights protection. It proposes a systematic risk management strategy, including strict forwarder selection, standardized contract signing, enhanced property rights control, monitoring cargo status, utilizing financial instruments, and establishing emergency plans. The aim is to help companies effectively mitigate HBL risks and ensure trade security. This approach provides a comprehensive framework for managing potential issues associated with HBL usage in international transactions.

11/03/2025 Logistics Encyclopedia
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US Trade Deficit Widens Amid Tariff Disputes Weak Investment

US Trade Deficit Widens Amid Tariff Disputes Weak Investment

Bloomberg predicts the US trade deficit will hit a record high in May, with the total deficit for the first five months far exceeding levels during the pandemic. A surge in exports from several Asian countries to the US is potentially linked to the temporary expiration of US 'reciprocal tariffs.' Uncertainty surrounding tariff policies has led to a decline in foreign investment inflows into the US. Economists warn this could hinder economic growth. The US needs to carefully consider its tariff policies and strengthen international cooperation to mitigate potential negative consequences.

11/03/2025 Logistics Industry Insights
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