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Maersk launches warehouse construction in Chittagong

After facing severe logistics challenges in Bangladesh for years, A.P. Moller Maersk has started building a 200,000 square feet (18,580m²) custom bonded warehouse in...

Hapag-Lloyd expects 2021 strong financial earnings

On the basis of preliminary figures, Hapag-Lloyd has announced its earnings before interest, taxes, depreciation and amortisation (EBITDA) for the 2021 financial year increased...

India to set up 100 cargo terminals in three years

The construction of new cargo terminals and the addition of trains to facilitate transportation of goods and passengers got huge importance in the announcement...

Maersk-owned Svitzer’s application to terminate collective agreement with Australian workforce provokes ITF and maritime unions reactions

Svitzer, Australia’s largest tug operator, has lodged an application with the Fair Work Commission to terminate its enterprise agreement with the Maritime Union of...

Leschaco takes over Peruvian freight forwarding firm

The global logistics service provider Leschaco will further expand its presence in America with the acquisition of Transantarctic SAC (TPL), a freight forwarding company...

Hyundai and PSA partner on logistics solutions in Singapore

The automotive manufacturer Hyundai Motor Group and PSA Cargo Solutions, part of PSA International, have jointly announced a long-term partnership that will see PSA...

Economic Survey 2021-22: Global container shortage to remain

India's finance minister Niramala Sitharaman has tabled the pre-budget Economic Survey for 2021-22 in the Parliament that gives an insight into the economic status...

Maersk Mc-Kinney Moller Center joins Fleet Decarbonization Optimizer

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping has partnered with Maersk Broker Advisory Services and McKinsey & Company to offer data-based advisory...

Yang Ming reportedly makes exceptions with 12-month bonuses

Yang Ming Marine Transport is said to have broken with tradition by giving staff 12-month bonuses, in response to employees clamouring for the Taiwanese...

Transpacific spot rates drop, transit times remain high

The digital freight forwarder Shifl has conducted a study showing that transpacific container spot rates between Chinese ports and the US West Coast and...

CMA CGM to acquire majority stake in compatriot Colis Privé

CMA CGM has entered into a preliminary agreement to acquire a 51% stake from the HOPPS Group in the Colis Privé Group, a home...

ONE increases FY21 third quarter profit by 418%, forecasts more than US$15 billion full year earnings

Singapore-headquartered carrier Ocean Network Express (ONE) has recorded a skyrocketing increase in profit of 418% year-on-year, during the third quarter of the financial year...

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The death of the megaship? How fleet flexibility is rewriting container shipping’s future

For over a decade, the shipping industry was obsessed with size. The Ultra Large Container Vessel were dominant in global trade, but now, in...

SeaCube partners with Wonderful in Shafter

SeaCube Cold Solutions (SCS) has partnered with The Wonderful Company to open its primary California depot in Shafter. The site will support SCS operations...

Zara founder buys 49% stake in PD Ports

Brookfield stays on as long-term shareholder According to Reuters, billionaire Amancio Ortega has acquired a 49% stake in UK-based PD Ports through his investment firm,...

Asia-Europe box volumes hit record high

According to Japan International Freight Forwarders Association (JIFFA), container exports from Asia to Europe jumped 16% year-on-year in May, reaching 1.81 million TEUs. It’s...

How to Sell Cryptocurrency Without KYC: Privacy-Focused Methods

Privacy in the crypto world isn't just a feature – for many users, it's a fundamental principle. As governments worldwide tighten their grip on...
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