Logistics News

 

UK's Liverpool Port Workers Agree Pay Deal and End Strike

Nov 10, 2022

Around 600 workers at Liverpool port, one of Britain's busiest ports, will end strike action after agreeing a pay deal with employer Peel Ports, the Unite union said on Thursday.Unite said workers had voted 'overwhelmingly in favor' of pay rises worth 14.3%-18.5% negotiated earlier this week, ending a wave of strike action that began on Sept. 19.The port in Liverpool, northwest England, handles more than 70 million tonnes of cargo from across the globe…

DP World Inks Deal to Develop Deendayal Port Mega-container Terminal

Feb 02, 2023

DP World has won a major concession to develop, operate and maintain the mega-container terminal at Deendayal port in Gujarat, on the western coast of India.The project involves the construction of a mega-container terminal at Tuna-Tekra through a Public Private Partnership (PPP)…

Ports of Stockholm Numbers Rise despite Economic Headwinds

Jan 31, 2023

Ports of Stockholm is one of the world’s largest passenger ports and one of Sweden’s largest freight ports. Despite a declining economy, goods volumes have remained high and the number of passengers increased significantly compared to the previous year…

Venezuela's PDVSA Tightens Oil Prepayment Rules

Jan 30, 2023

Venezuela's state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding prepayment ahead of loadings in either cash, goods or services, company documents showed.PDVSA's new Chief Executive Pedro Tellechea put the move in place this month…

Jørgen Wisborg Named Blue Water Chairman

Jan 24, 2023

Jørgen Wisborg has been named chairman at Danish-headquartered transport and logistics group Blue Water, taking over from the company's founder and longtime head Kurt Skov.In September last year, Skov announced plans to find his successor, making it possible for him to slow down his work activities…

VIDEO: Liebherr Debuts Lift Height Extension of STS in Australia

Jan 18, 2023

Liebherr Container Cranes completed its first ship to shore lift height increase with their new patented jacking system as part of Liebherr Transform. The operation was conducted under the supervision of Liebherr engineers at Patrick Terminals – Brisbane Autostrad…

Valenciaport Containerized Freight Index Closes Down

Jan 13, 2023

The Valencia Containerized Freight Index (VCFI) closed the year 2022 with a fall of -13.1% in December compared to November. This is the fourth consecutive month of decline in the Index, in a year marked by ups and downs that reflects the uncertainty…

How COVID-19 Turned Global Supply Chains Upside Down

Jan 12, 2023

Global economy 2023: COVID-19 turned global supply chains upside down – Three ways the pandemic forced companies to rethink and transform how they source their productsThe global supply chains that modern companies depend on were turned upside down three years ago after COVID-19 emerged in China…

Chinese Inbound Coal Shipments Plummet 12.2%, Says BIMCO

Jan 11, 2023

Weak economic activity, a 10.5% increase in domestic coal mining, and a recovery in coal imports from Mongolia via rail alleviated coal shipments to China in 2022. However, the end of China’s zero Covid policy and an anticipated recovery of…

Chinese Export Container Rates Plunge 27%

Jan 04, 2023

The bad news for liner operators appears to have no end. In a normal year, the weeks leading up to Chinese New Year (CNY) bring an increase in volumes and freight rates. So far, however, the lead-up to CNY in 2023 has been the worst in 13 years…

AD Ports Group Inks Deal with Kyrgyz Republic

Dec 14, 2022

AD Ports Group signed two agreements with the Government of Kyrgyzstan to promote trade and strengthen economic ties with the Central Asian nation.Under the first agreement, the Ministry of Economy and Commerce has entered negotiations with AD Ports Group to secure more than 300…

GAC Group Names New Group President

Nov 28, 2022

Shipping, logistics, and marine services provider GAC Group has appointed Pontus Fredriksson as its new group president, effective January 2023.Bengt Ekstrand, who has held the position for the past 10 years, will take on the role of Executive…

Analysis: Meltdown in the Container Shipping Sector Gains Speed

Nov 09, 2022

Facing global economic headwinds, the volume of containerized cargo movement continues to plummet, Peter Sand, Chief Analyst, Xeneta, summarizes: “It is clear that the carriers are no longer in charge, the shippers are.”Peter, it seems like…

DP World Launches Tech Innovation Center in India

Nov 09, 2022

DP World has opened a new technology center in Gurgaon, India, its third this year as it invests in developing next-gen global trade innovative.More than 240 people will be based at the new office, about 30-km southwest of India’s capital New Delhi…

Bahri Logistics to Acquire Remaining Stake in JV with Bolloré

Nov 03, 2022

Bahri said t its business unit Bahri Logistics has entered into a sales and purchase agreement with Bolloré Logistics, one of the largest transport and logistics companies in the world, to acquire 40 percent of the share capital of their joint venture…

Logistics News

Wisconsin Awards $5.3 Million in Harbor Maintenance Grants

Wisconsin Awards $5.3 Million in Harbor Maintenance Grants

'Mega Green Port' Project Planned in Åland

'Mega Green Port' Project Planned in Åland

UK Freeports Risk Harboring International Crime

UK Freeports Risk Harboring International Crime

Number of Ships Loading LNG in Spain Doubled in 2022

Number of Ships Loading LNG in Spain Doubled in 2022

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