Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt, including from the venture capital arm of shipping giant Maersk, its chief executive said.Founded three years ago in Cairo…
The ports of Los Angeles and Long Beach continue their record-breaking start to the year, exceeding pre-pandemic records again and again. Already under pressure to handle a throughput that has broken the pre-pandemic record every month for 11 months in a row…
Bahri is featured in Forbes Middle East’s list of the top 100 companies for 2021, advancing 36 spots to #40.Despite operating amid uncertain market conditions, Bahri continued to grow through several multi-pronged initiatives to improve its operational efficiency…
San Antonio Terminal Internacional (STI), a port operated by SAAM and SSA Marine, closed purchase orders to acquire 26 state-of-the-art terminal tractors. This is the first step in the investment plan agreed with the port authority (Empresa…
Radix Engineering and Software, in collaboration with HPC Hamburg Port Consulting, the Supply Chain & Logistics Technology Program - University of Houston, and UTC Overseas, Inc., is developing a ‘Smart Port’ Digital Growth Masterplan for the Port of Açu (PdA)…
Blank sails likely at Port of Yantian as median dwell times climb to over two weeks, shows project44 data Vessel delays at the Yantian Port, a deepwater port in Shenzhen, has been worsening over the last week and the port is expected to remain congested throughout the month…
Oman's state-owned transport group Asyad plans to restructure its operations in order to focus on logistics, port services, free zones, shipping, drydocks and e-commerce, the state-run Oman News Agency reported on Tuesday, citing a management decision…
The surge in U.S. container imports continued in April when West Coast loaded imports amounted to 1.10m TEU. Imports had never exceeded this level until August 2020, and developments in the past nine months mean that April imports are only the sixth highest on record…
Port Houston said activity across its docks jumped again in April, showing robust growth in both containers and steel due to high regional demand.Container activity at the Gulf of Mexico's largest container port increased 25% for the month of April…
Japan's exports likely grew more than 30% year-on-year in April, the most in more than a decade, a Reuters poll showed on Friday, but the base effect was a major factor after last year's steep decline due to the initial impact of the coronavirus pandemic…
Maersk is accelerating its plan to transform itself from a container shipping giant into an integrated logistics company following its strong performance during the pandemic, Chief Executive Soren Skou said on Tuesday.Maersk, which handles one in five containers shipped worldwide…
DCT Gdańsk S.A. has started a prequalification process to tender for the Baltic Hub 3 Project. DCT invites firms and joint ventures to prequalify to tender for Baltic Hub 3 General Contractor. The project in-cludes:Site establishment and demolition of existing disused Terminal T1 marine structures…
China extended its impressive trade performance in April, with exports unexpectedly accelerating and import growth hitting a decade high, in a boost to the world’s second-largest economy.A brisk U.S. economic recovery and stalled factory production…
Brazil's unit of U.S.-based grain trader Bunge announced on Thursday a partnership with logistics and technology provider Target for creation of a company focusing on the hiring of road freight digitally.The company will be called Vector, and…
Multimodal logistics company Samskip said it has added 1,100 containers to its fleet over recent months, further enhancing its capability to ship high value, temperature-controlled and perishable goods across the European markets and the rest of the world…