Maersk India Trade Report Q2 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, tightening liquidity and a slow-down in key manufacturing sectors. Combined, these triggers impacted the country’s economic activity, slowing overall import-export growth.West India delivered the highest growth with imports growing at 4% and exports at 11%.
Descartes Acquires BestTransport
Descartes Systems Group has acquired BestTransport.com, a cloud-based transportation management system (TMS) provider focused on flatbed-intensive manufacturers and distributors.BestTransport has been connecting shippers and carriers to streamline transportation processes for more than 15 years. Shipper and carrier customers leverage BestTransport’s platform to more efficiently manage numerous shipments each year across North America and Europe. The company offers a full TMS suite of solutions from contract rate management through to load building…
ThyssenKrupp Expands EU Logistics Network
German industrial group thyssenkrupp AG. Materials Services is investing around 70 million euros in the modernization and expansion of its European warehousing and logistics network.A state-of-the-art logistics center and new warehouses are to be built in Germany, Poland and Hungary, said thyssenkrupp Materials Services.The distribution and service provider of the thyssenkrupp Group said that the investments are an important part of thyssenkrupp Materials Services’ strategy.
Barge Shipments Set Record at Port of Indiana-Mount Vernon
Record-breaking demands for coal and agriculture products propelled the Port of Indiana-Mount Vernon into historic territory with more barge shipments in the first six months of 2018 than any port in the history of Indiana's ports.Approximately 4.7 million tons of cargo moved through the port in the first six months of 2018, an increase of 36 percent from the same time last year. Key drivers of the record shipments included maritime shipping increases in coal, grain, dried distillers grain, calcined coke, salt and soy products.
MOL Invests in PKT Logistics
Mitsui O.S.K. Lines (MOL) announced that it completed the acquisition of 14.27% shares in PKT Logistics Group, a Malaysian logistics company. MOL's stake will rise from the current 20.86% to 35.13%.PKT provides end-to-end logistics solutions comprising freight forwarding, customs brokerage, contract logistics, haulage, distribution and others, to its customers from diverse market sectors.PKT owns and operates warehouses hub in Shah Alam, Selangor, offering over 55,000m2 of warehouse space in total.
DP World Acquires India's Continental Warehousing
Hindustan Infralog (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announced that the transaction to acquire 90% stake in Continental Warehousing Corporation (Nhava Seva) Ltd in India has now closed.CWCNSL’s founders, the Reddy family, will retain the remaining 10% shareholding and will remain involved in the business operations. It is the first investment of HIPL, the recently created investment vehicle between DP World and NIIF to invest up to US$ 3 billion in ports…
Liverpool2 to Receive New Container Services
Peel Ports’ flagship deep-water container terminal, Liverpool2, will welcome its largest regular caller to date when 2M (Maersk and MSC alliance) introduce a new transatlantic container service to the port beginning July 22, 2018.2M is switching its TA2 service from Felixstowe to Liverpool on a temporary basis. At the same time, Maersk Line’s South American service, Colombia Express, will also start calling at the port of Liverpool, exporting UK goods to Newark.Liverpool will be the final port of call for both weekly services as they head westbound across the Atlantic.
Yilport Makes a Bid for Taranto Container Terminal
Yilport Holding has submitted its offer for Taranto Container Terminal concession in Italy. Ionian Sea Port Authority (AdSP), the managing institution of Port of Taranto has officially received the request of Yilport Holding to operate the entire set of multi-purpose port facilities in the Port of Taranto. These terminals in Southern Italy handle container traffic, bulk cargo and serve ro-ro traffic. Well located as a relay hub for the Mediterranean Sea, the terminals are integrated to intermodal networks, connecting Southern Italy to Northern Italy and finally to the center of Europe.
Growth Expected in Indian Logistics Industry
With industrial output and consumption-driven sectors recovering in H2 FY2018 from the initial lull post GST implementation, the freight demand in India has also reported healthy pickup during the second half of the previous fiscal.“The performance of key listed logistics companies indicates that there was pick-up in growth momentum as the year progressed,” said According to Shamsher Dewan, Vice President & Sector Head - Corporate Ratings, ICRA Ltd. “From an aggregate revenue growth of only 4.6 percent in Q2 FY2018…
HHLA Completes Acquisition of Estonian Transiidikeskuse
Germany’s Hamburger Hafen und Logistik AG (HHLA) has completed the acquisition of Estonia’s largest terminal operator, Transiidikeskuse AS (TK). The last conditions that the sales contract dated 26 March 2018 was subject to were recently fulfilled, resulting in all shares in Transiidikeskuse AS being transferred to HHLA International GmbH. As a result, the transaction has now been completed. Chairwoman of HHLA’s Executive Board, Angela Titzrath, made this comment during a visit to the Estonian capital of Tallinn: “We’re delighted that the takeover has now been completed.
Yang Ming Establishes Regional Center for Mediterranean
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has set up the new regional center in Mediterranean area named Yang Ming(Mediterranean) Marine Services Single-Member Limited Liability Company. The new company will start to provide services on 2nd April 2018 in Piraeus, Greece, and Mr. Ted Wu has officially been appointed as Managing Director for the first term. In light of the impressive economic growth in the Mediterranean region, Yang Ming sets up its owned company to serve as the regional center which will strengthen its presence and connect closer to Mediterranean…
First New Crane Begins Work at Port of Savannah
The first of Georgia Ports Authority’s four new Neo-Panamax cranes came online this week, bringing GPA’s operating fleet to 27 — more than any other single terminal in the nation. “Georgia’s ports are dedicated to staying a step ahead of market demand,” said GPA Executive Director Griff Lynch. The super-sized crane is tall enough to lift containers 152 feet above the dock. The crane started work before dawn Wednesday on a 13,300 twenty-foot equivalent container unit Hapag Lloyd vessel.
Savannah Port's First Super Crane Starts Up
The first of Georgia Ports Authority's four new Neo-Panamax cranes came online this week, bringing GPA's operating fleet to 27 - more than any other single terminal in the nation. "Georgia's ports are dedicated to staying a step ahead of market demand," said GPA Executive Director Griff Lynch. The super-sized crane is tall enough to lift containers 152 feet above the dock. The crane started work before dawn Wednesday on a 13,300 twenty-foot equivalent container unit Hapag Lloyd vessel.
Savannah Harbor Expansion Project Nears Completion
Gov. Nathan Deal today announced that the U.S. Army Corps of Engineers has completed outer harbor dredging at the Port of Savannah, marking the midpoint of the Savannah Harbor Expansion Project (SHEP). "The completion of outer harbor dredging marks the midpoint for SHEP and represents a crucial milestone for the Savannah community, the State of Georgia and the nation as a whole," said Deal. "The Port of Savannah is already the second busiest port in the nation for exports and the timely completion of this project will be a major step forward for our nation's infrastructure.
Descartes Acquires Aljex
Descartes Systems Group, specialist in logistics software, supply chain management software, and cloud-based services for logistics businesses, announced it has acquired Aljex Software, Inc., a cloud-based provider of back-office transportation management solutions for freight brokers and transportation providers. Descartes acquired Aljex for $32.4 million in cash, satisfied from Descartes’ existing acquisition line of credit. Serving freight brokers and transportation providers for over 20 years, Somerville, N.J. headquartered Aljex has built a robust platform backed by deep domain expertise.
Yang Ming Announces Subsidiary in Thailand
Yang Ming Marine Transport Corporation will establish a subsidiary in Thailand - Yang Ming Line (Thailand) Co., Ltd. The new company will provide all services starting 1st January 2018. Mr. Derek Chen is officially appointed as its President. Thailand is located in a strategical position in the middle of Southeast Asia with strong links to neighboring countries, whose economy has been growing steadily over the years. It is expected to see more rapid expansion of the market in the near future.
Eimskip Acquires Mareco in Belgium
Eimskip has strengthened its position in worldwide reefer logistics services by acquiring 80% of the forwarding company Mareco N.V. The company was founded in 2002 and its headquarters are located in Antwerp,Belgium. The current management team will continue to own a 20% share in the company and will manage its operations. Mareco employs 26 people in two locations, 22 in Antwerp and four in Sao Paulo, Brazil. Mareco focuses on reefer logistics services, especially export to West, Central and South Africa from all over the world. Main commodities are seafood, chicken, pork and beef.
Samskip Logistics Expands Reefer Portfolio
Samskip is to expand its global refrigerated foods transportation interests once more, announcing plans for Samskip Logistics USA to acquire the activities of New Jersey-based freight forwarder Rimar Consultants Inc. Rimar Consultants is responsible for container business equivalent to between 10,000-12,000 TEU per year, and has developed a customer base over a 35-year company history, largely focused on U.S. seafood and meat exports. Subject to agreement with current owner Richie Maddalena…
Concordia Maritime Charters Two MR Tankers
Concordia Maritime has signed a contract for the chartering of two IMO2/3 class MR tankers. This a joint chartering arrangement with Stena Weco, and Concordia Maritime’s share amounts to 50 percent. The contract is for one year, and the charters run from June and July 2017. The vessels were built in 2013 and are ECO-design tankers. They will be operated by Stena Weco, which has a fully integrated global logistics network for the transportation of petroleum products, light chemical and vegetable oils. The overall fleet comprises about 60 MR vessels.
Heinrich Ahlers Retires from Buss Group
Heinrich Ahlers has wrapped-up his remaining responsibilities at the Buss Group, and will begin his retirement shortly before his 65th birthday. He had already relinquished his role as CEO of Buss Port Logistics to his successor Marco Neelsen October 1, 2015. “I am pleased to see that Marco Neelsen quickly and efficiently adapted to his new tasks, and that he was very well received by the port and logistics network,” Ahlers said. “Therefore, it is time for me to retire from the Buss Group.
Descartes Acquires PCSTrac Business
Descartes Systems Group said it has acquired the assets of Philadelphia based PCSTrac, Inc., including certain related assets of Progressive Computer Services Inc. dba PCS Technologies. U.S.-based PCSTrac helps specialty retailers and logistics service providers collaborate to improve carton-level visibility for shipments from distribution centers (DCs) to stores. PCSTrac’s solutions provide visibility and insight into the store replenishment supply chain, helping increase sales, enhance loss prevention, and improve inventory control.
Xeneta: No Silver Lining for Container Shipping in Brexit Storm
Xeneta, a global benchmarking and market intelligence platform for containerized ocean freight, believes that the UK’s decision to leave the European Union will impact negatively on all parties involved in the container shipping segment – from shippers, to freight forwarders and the container carriers themselves. The firm, which crowd sources freight rates on over 60,000 port-to-port pairings worldwide, believes that the only thing that is certain right now is uncertainty. “The last thing the container segment needs is further unpredictability and disruption…
Descartes Acquires Appterra
Logistics software provider Descartes Systems Group has acquired Appterra, a U.S.-based provider of cloud-based business-to-business supply chain integration solutions. Appterra helps its customers connect electronically, automate supply chain processes and enhance collaboration and visibility among global trading partners. Led by a team of domain experts that understand supply chain business document processes and data compliance standards across a number of industry verticals, Appterra provides B2B integration as a cloud service for its customers.
Descartes Acquires 4Solutions
Descartes Systems Group, provider of software solutions for logistics-intensive businesses, has acquired 4Solutions, an Australia-based provider of cloud-based business-to-business (B2B) supply chain integration solutions. “We continue to look for opportunities around the world to expand the geographic reach, functional capabilities and the community of supply chain participants on our Global Logistics Network,” said Edward J Ryan, Descartes’ CEO. “We see a lot of opportunities…
GAC India Appoints Logistics GM for Chennai
GAC Shipping (India) Pvt Ltd has appointed C Krishnakumar as the General Manager, Logistics Services for its Chennai office to take care of the growing logistics demand in the South India market, with a primary focus on the pharmaceutical and automotive industries. Krishnakumar brings over 23 years of hands-on shipping and logistics experience to this role. Transformations in the Indian logistics sector have presented many opportunities to providers of transport and warehousing services. Mark Delaney, GAC Shipping India’s Managing Director says Krishnakumar’s coming aboard is timely.
Descartes Acquires Datamyne
Descartes Systems Group, a leader in uniting logistics-intensive businesses in commerce via the Global Logistics Network (GLN), announced that it has acquired Datamyne, a provider of cloud-based trade data content solutions for customers to analyze import and export trade activity. Datamyne, primarily operating in the U.S. and South America, collects, cleanses and commercializes logistics trade data from over 50 nations across five continents, including key markets in North America, Latin America, Asia, Africa, and the European Union.