RIYAD BANK has announced its new SWIFT/BIC code RIBLSARISSD, aimed at enhancing the efficiency of international remittances. This update not only provides a more effective communication channel for global customers but also further ensures the security of transactions, promoting international economic cooperation.
Maersk announced the cessation of cooperation with 97 companies linked to Israeli settlements in an effort to enhance compliance with international human rights standards in its shipping operations. This decision has been welcomed by the PYM organization, reflecting the company's commitment to social responsibility.
This article provides an in-depth analysis of the key routes offered by major airlines, helping readers understand the strategies and specialties of various carriers in both domestic and international markets. This information will enable you to make more informed decisions when selecting travel options.
MSC is adjusting its Falcon service, removing the Dammam call and adding Nansha Port. Simultaneously, they are launching the Clanga service, focusing on Asia to the Middle East routes, with a Dammam call. Shippers need to adjust their logistics plans accordingly due to these changes in MSC's service network, impacting transit times and port coverage for shipments between Asia and the Middle East.
The trade agreement signed by the Trump administration raises tariff levels, making the Trans-Pacific trade environment more uncertain, which adds pressure on global businesses and economic cooperation. Companies face risks of rising costs, making it increasingly important to seek alternative solutions to navigate the uncertainty.
The 2025 WCO Council discussions emphasized the need for customs to closely collaborate with tax authorities, leveraging transfer pricing documentation to verify prices against customs values. This cooperation not only enhances tax compliance but also provides businesses with pricing certainty, reducing legal risks and economic losses.
In the current uncertain business environment, companies need to deepen their cooperation with third-party logistics (3PL) suppliers, transforming from simple transactions into strategic partnerships to achieve shared value and sustainable growth. Effective governance structures, performance management, real-time visibility, and joint innovation are key elements for success.
GXO Logistics has signed a global strategic cooperation agreement with Blue Yonder to upgrade its warehouse management system, addressing customer demands for a flexible and efficient supply chain. This collaboration will enhance GXO's logistics capabilities, allowing customers to respond quickly to market changes and improve overall operational efficiency.
American Airlines and Porter Airlines have applied for a code-sharing agreement to offer more convenient services for cross-border flights. This collaboration covers several popular routes, enhancing travel flexibility and fostering closer cooperation between the two airlines, allowing passengers to enjoy a wider range of travel options.
The China Port and Dock Association (CPHA), as the national industry organization, is committed to promoting the modernization of port infrastructure, enhancing international competitiveness, and fostering cooperation and information sharing within the industry. Additionally, it actively participates in the construction of the global shipping network and sustainable development.
