Saturday 27th May 2017 - Logistics & Supply Chain

Viewing all Ocean freight articles

K+N to support Shanghai port link

Kuehne + Nagel has signed a strategic cooperation with Jiangsu Taicang Port Authority and Shanghai Port Authority Zhenghe Terminal to promote a sea link between the Shanghai and Taicang ports.

Container index down 3.6pc

Drewry’s World Container Index, which takes in freight rates on major routes, fell by 3.6 per cent to 1500.87/40ft container last week.

Maersk Hamburg Süd takeover approved by boards

Maersk Line €3.7 billion acquisition of Hamburg Süd, the German container shipping line, has been approved by the boards of both companies and now just needs regulatory approval before it can be completed.

Challenging times on the high seas

Last week saw the start of operations by the three new container shipping alliances (2M-HMM/HS, Ocean and THE Alliance).

Panalpina EBIT drops 6pc

Pressure on margins in both air and ocean freight hit profits at Panalpina, with adjusted EBIT some six per cent lower at CHF109.9m for 2016.

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