Thursday 18th Jan 2018 - Logistics & Supply Chain

Viewing all Ocean freight articles

Maersk to sell oil business to Total

AP Møller – Mærsk is to sell its oil and gas business to Total for $7.45 billion in a move that will enable it to focus on its core shipping and logistics operations.

Rhenus to launch Australian company

The Rhenus Group is to purchase Australia-based freight forwarding company O’Brien Customs and Forwarding. The company will open its own national Australian company ‘Rhenus Logistics Australia’.

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.

ESC joins GSF to address consolidation in container shipping market

The European Shippers’ Council has joined the Global Shippers’ Forum to promote the findings of new research and analysis commissioned by GSF into the impacts of new alliances being formed by container shipping lines and the growing use of mega-ships.

Rhenus launches South Korea business

Rhenus has opened its first office in Seoul, South Korea focusing on sea and airfreight operations, third party logistics and domestic transport services in future.

Container lines set to lose $5bn

Container shipping lines are set to lose $5 billion this year, according to shipping consultancy Drewry. However, it expects profitability to recover next year thanks to improving freight rates and slightly higher cargo volumes.

Weighing up the situation

The new SOLAS weighing rules have finally come in to force. But is the industry ready for it? Alexandra Leonards explores…

DP World expands international services

DP World London Gateway Port will begin new services to Australia, South Asia and the Mediterranean in January 2017. The ships providing these services will be CMA-CGM’s NEMO (North European Mediterranean Oceania) and Hapag Lloyd’s EAX (Europe, Australia Express).

container weighing system which has been installed at multi-lane auto-gates at The Port of Liverpool

Industry hurries to finalise SOLAS preparations

The ocean freight industry is finalising preparations for the enforcement of new SOLAS rules that will mean every container must be weighed before it is loaded onto a ship. Ports and organisations have been introducing schemes and weighing systems to meet the new rules when they come into force on 1st July.

Scharwath leaves K+N to join DHL

Tim Scharwath is leaving Kuehne + Nagel to join DHL as board member responsible for DHL Global Forwarding and Freight.

Six lines form container alliance

Six container shipping have agreed to create a “THE Alliance” covering East–West trade lanes, which is due to start operations in April next year.

Profits slump at Maersk Line

Maersk Line saw first quarter profit fall to $37m from $714m a year ago while ROIC of 0.7 per cent was down from 14.3 per cent, according to figures from the parent Maersk Group.

Union questions safety of new Panama locks

The International Transport Workers’ Federation (ITF) has commissioned a study in response to safety concerns raised by unions about the safety of the newly built Panama Canal locks.

Container lines establish Ocean Alliance

CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line are to establish an Ocean Alliance with networks covering: Asia-Europe, Asia-Mediterranean, Asia-Red Sea, Asia-Middle East, Trans-Pacific, Asia-North America East Coast, and Trans-Atlantic trades.

Fjord Line partners up with CLdN

Fjord Line, the ferry company, has entered a commercial partnership with maritime shipping company CLdN. The partnership will enable Fjord Line to access to CLdN’s European network for the transport of freight and cargo.

Portable container weighing scale hits the market

New Zealand based company BISON has invented a portable container weighing scale. The solution arrives in time for the implementation of SOLAS legislation, which requires export containers to be weighed before loading from 1st July.

Get Weekly Logistics & Supply Chain News
Get Weekly Logistics & Supply Chain News
Thank you for your subscription