Dubai-based DP World said it has agreed to acquire a 60% stake in South Korea's UNICO Logistics Co. Ltd. as the firm continues its expansion across the worldwide end-to-end logistics supply chain. The transaction, subject to regulatory clearances…
Pennsylvania Governor Tom Wolf announced that the state's Intermodal Cargo Growth Incentive Program (PICGIP), which aims to increase cargo activity by incentivizing shippers to move cargo through Pennsylvania ports, will be extended through 2022…
From 2015 to present an estimated 250 incidents related to electric hoverboard fires have been recorded according to the United States Consumer Product Safety Commission. The same commission reports that 83,000 Toshiba laptop batteries were recalled in 2017 due to fire and safety concerns…
Freight-forwarding and logistics company Maurice Ward Group has opened a new office in Antwerp, Belgium.The office will be led by branch manager Nancy Verstraeten, who brings to the role more than 20 years of freight forwarding experience.“We…
This week, various parties in Rotterdam will be launching a new pilot project, in which containers are handled and released without a PIN code: a widely used verification method in this transport segment. The project revolves around a new application…
Maersk said on Monday it had agreed to buy Sweden-based customs broker KGH Customs Services for 2.6 billion Swedish crowns ($281 million), as the container shipping group seeks to expand its end-to-end logistics services.Maersk since 2016 has…
European short sea Ro-Ro specialist CLdN introduced a new call at the Port of Liverpool, opening a pure RoRo service in a triangle trade between Santander (ES), Liverpool (UK) and Dublin (IE).The new service will operate a weekly loop connecting Spain directly to the UK and Ireland…
Carnival's luxury cruise brand Seabourn announced Thursday that Josh Leibowitz has been named president, effective immediately. He will report to Stein Kruse, group CEO of Holland America Group and Carnival UK.Leibowitz joined Carnival Corporation…
Ultra-luxury cruise ship Europa 2 has had its cold ironing connection certified by classification society DNV GL following testing of the undisrupted use and compatibility of the shore-to-ship power system in the Port of Hamburg.While idled due to the coronavirus pandemic…
The 18,465 containers moved from the ultra-large container vessel (ULVC) MSC Isabella at APM Terminals’ Pier 400 in the Port of Los Angeles last week set a new world record for most boxes moved during a single port call.The Port of Los Angeles…
A number of ocean-going cruise lines said they will voluntarily suspend cruise operations from U.S. ports until September 15 due to COVID-19, industry body Cruise Lines International Association (CLIA) announced Friday.The extended operational…
Carnival Corp on Friday named Josh Weinstein as its new chief operations officer as the company continues to grapple with the global COVID-19 pandemic.Reporting to Carnival Corporation President and CEO Arnold Donald, Weinstein's responsibilities…
Canadian grain exporters are boosting sales in a slumping global economy, as demand for commodities like oil weakens and frees up railway space.Brisk crop movement in a country that relies heavily on rail is a bright spot during pandemic lockdowns…
Heading into 2020 the cruise industry was booming. The number of passengers who went on cruises in 2019 was at an all time high, a trend mirrored by the exponential fleet growth since the 1950s. However, COVID-19 caused an industry wide shut down…
COVID-19 has hit the vehicle carrier market hard. The world vehicle demand has dropped by c.35%. Consequently, shipping these vehicles has fallen considerably.The only order to take place earlier this year is one from NYK line for a large LCTC for $95 million…
