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Incessant rain halves box delivery at Chittagong port and depots

An incessant rain caused waist-deep water logging in the port city of Chittagong in Bangladesh halving box and cargo supply from the port yard...

Hapag-Lloyd, DB Schenker join forces to decarbonise supply chains

Hapag-Lloyd and DB Schenker have entered into a decarbonisation partnership with the German logistics provider selecting Hapag-Lloyd's "Ship Green" sustainable transport solution. DB Schenker and...

DP World opens largest UK music and video distribution warehouse

DP World will open the United Kingdom's largest distribution warehouse for physical music and video in August. The facility is located in Bicester, Oxfordshire, and...

Net Feasa, Carrier Transicold pen global supply agreement

Net Feasa, a provider of IoT (Internet of Things) wireless solutions, has signed a global supply agreement with Carrier Transicold, a global provider of...

Wan Hai opens new office in India

Taiwanese ocean carrier Wan Hai Lines established a new office in Kolkata, India on 17 July. The company has now six offices in the country,...

MSC acquires Italian air cargo carrier

MSC has bought the majority stake in AlisCargo Airlines, a Milan-based air freight carrier, with both companies confirming that MSC is expected to acquire...

NYK’s revenue and profits plunge in 2023 second quarter

In the second quarter of 2023, NYK Line announced consolidated revenues of US$4 billion (Â¥567.5 billion), down US$74 million (Â¥105.5 billion) from the same...

CJ Logistics signs up ONE as strategic partner

CJ Logistics, South Korea’s largest third-party logistics provider, signed a collaboration agreement with Ocean Network Express (ONE) on 3 August, a month after sealing...

Maersk sees lower financial figures in second quarter

A.P. Moller – Maersk reports a second quarter of 2023 ahead of expectations with revenue standing at US$13 billion, compared to US$21.7 billion in...

WFW advises MPC Container Ships on US$200 million vessel sales and acquisitions

Watson Farley Williams (WFW) has advised Norway-based shipping company MPC Container Ships (MPCC) on strategic vessel acquisitions and sales worth around US$200 million. These transactions...

Sea-Intelligence analysis: Clear ramp-up in Transpacific blank sailings

Sea Intelligence said the main challenge with measuring the market’s supply/demand strength is that demand data is "notoriously lagged". Hence, in terms of the market...

HMM sale saga: SM Group buys more shares as takeover battle intensifies

As the contest to take over HMM intensifies, SM Group, parent of the South Korean flagship carrier’s compatriot peer SM Line, has bought more...

Latest Posts

EcoNavis begins production of Eco Boss Cap

EcoNavis Solutions has officially kicked off production of its innovative Eco Boss Cap. Eco Boss Cap is a new propeller hub retrofit designed to...

CONPAS enables direct export container booking at Hanshin Port

Container Fast Pass (CONPAS), a port information system developed and operated by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), will allow container...

Cargo-partner grows UK road services from Bradford

Cargo-partner, a group company of NIPPON EXPRESS HOLDINGS, INC., marks a significant milestone in its UK operations, expanding its road transport services from Bradford,...

Port of Long Beach to offer free harbor cruises

The Port of Long Beach is inviting the public aboard for a rare, up-close look at one of the world’s busiest seaports this Saturday,...

Freightos Weekly Update: Transpacific ocean rates continue to slide

"President Trump signed an executive order on Monday extending the pause of the White House’s reciprocal tariff roll outs for a long list of...
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