Logistics News

 

Oil Freight Rates Rocket After U.S. Sanctions COSCO

Sep 27, 2019

Oil freight rates in the Middle East and Asia have increased by almost 20 percent today following new US sanctions on units of Chinese company COSCO for its alleged involvement in ferrying crude oil out of Iran.In what the U.S. State Department…

Brittany Ferries: No-Deal Brexit Support

Sep 27, 2019

Brittany Ferries has said the company is “ready, willing and able to assist” the UK government with Brexit freight capacity requirements following confirmation that the company is one of eight firms that have been appointed to the freight procurement framework…

Container Rates Fall Due To Overcapacity

Sep 27, 2019

According to Norway-based ocean freight rate benchmarking and market intelligence specialist Xeneta, long-term contracted ocean freight rates for carriers continued their downward trend this month, however by only 0.1% globally. The company…

APM Implements ConQuip in 38 Operations

Sep 27, 2019

APM Terminals, the international container terminal operating company headquartered in The Hague, claimed that one year since the implementation of its new global operator training program known as ConQuip, and the approach is paying off.The…

McQuilling and IFCHOR form Latin American JV

Sep 26, 2019

Independent shipbrokers McQuilling Partners, Inc. and IFCHOR has announced the formation of McQ-IFCHOR SA, a joint venture focused on the Latin American dry bulk chartering and advisory services.McQ-IFCHOR SA will be led by Jean Magot from McQuilling's Lima…

Wallenius Wilhelmsen CEO Joins WISTA

Sep 26, 2019

Today is the celebration of International Maritime Organization (IMO) World Maritime Day, where the 2019 theme is “Empowering Women in the Maritime Community“.This raises awareness of the importance of gender equality, in line with the United Nations’ Sustainable Development Goals…

British Ports Say More Funds Needed Post-Brexit

Sep 26, 2019

Following the announcement of the grant awards to certain English ports from the Department for Transport the British Ports Association has suggested further funding might be needed across the ports and logistics sectors in a no deal scenario…

Aarhus Terminals Forecasts Record Volumes

Sep 25, 2019

The international container terminal operating company headquartered in The Hague, APM Terminals said that its terminal at Aarhus, Denmark has broken records for reefer volumes, despite murmurings of global downturns. The company attributes it’s growing reefer business to its flexible approach…

BSR Access Project Platform in Spotlight

Sep 25, 2019

Port of Hamburg Marketing successfully takes part in tenders for EU- and nationally funded projects, together with members and partners from science, business and administration.Focus is put on current issues of transport policy, transport and…

Maersk Upgrades its Digital Warehousing

Sep 24, 2019

A.P. Moeller – Maersk will extend its end-to-end container logistics services with JDA Software Inc.’s Warehouse Management solutions, further building its warehousing and distribution services.American software and consultancy company providing…

West Coast Ports Urge Trump to Address Trade War

Sep 24, 2019

The six largest West Coast ports — Port of Long Beach, Port of Los Angeles, Port of Oakland, Port of Portland, Port of Seattle and Port of Tacoma — sent a letter to President Donald Trump to pursue fair and mutually beneficial trade agreements…

GAC Opens in Ireland

Sep 24, 2019

As part of its European growth strategy, the GAC Group has opened its first office in the Republic of Ireland, providing a wide range of shipping services to vessels at the country’s ports as well as in Northern Ireland.GAC Ireland provides…

Maersk India Trade Report Q2 2019

Sep 23, 2019

India’s containerized trade growth slowed to 1% (9% in the same period last year) in Q2 2019, due to a cocktail of international factors such as slowing trade growth, and growing trade tensions – coupled with domestic factors like rural consumer distress…

UK Ports Bullish on Maritime Economy

Sep 22, 2019

Maritime industry professionals remain confident about the year ahead despite wider uncertainty, according to new data published by the British Ports Association. Ports themselves are more likely to be worried about the economy over the next 12 months…

Höegh Increases its Frequency to Australia

Sep 20, 2019

Nowegean provider of Ro/Ro (Roll On/Roll Off) deep sea transportation services Höegh Autoliners announce an increased frequency in its service to Australia. Starting in November, the company will offer five sailing per month to Australia from Europe…

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NYK Group’s ICO Launches Belgium’s First Shore Power Facility for RoRo Ships

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Zambia and the US increase use of $491 Million grant programme for critical metals infrastructure
Although there are questions about Iran's transit conditions, oil shipments to Hormuz have increased.
BMW chairman: 'We are on the right track' as profit warnings hit shares