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 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…
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…
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…
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…
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…
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 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…
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…
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…
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 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 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…
DP World recently opened its doors to students from the top universities in UAE and India to reimagine global supply chains and create new technology-driven solutions in its first-ever innovation challenge, THE BIG TECH PROJECT.DP World challenged…
While drama in the container shipping sector has calmed a bit, container carriers still wrestle with unexpected drops in demand. Peter Sand, Xeneta, discusses vessel capacity moves and their likely impact on rates, as well as the first containership…
