Saturday 4th Apr 2020 - Logistics & Supply Chain

Viewing all Ocean freight articles

DP World sees 4.5 per cent container growth

Gross container volumes have grown by 4.5 per cent in the first nine months of the year, DP World has reported, driven by growth across the Americas, Asia Pacific, Middle East and UAE region

Container shipping problems ‘self-inflicted’

Container shipping lines need to adopt more disciplined business practices to recover from the losses they suffered in recent price wars, according to The Boston Consulting Group

Damco shifts HQ to The Hague

Logistics provider Damco, is moving its headquarters from Copenhagen in Denmark to The Hague in the Netherlands in a move designed to bring it closer to the centre of the European logistics community

Yusen sets up company in Turkey

Yusen Logistics has set up a new company in Turkey to offer air and ocean forwarding as well as inland logistics including road transport and warehousing

Maersk moves back into profit

Maersk Line moved back into profit for the second quarter of 2012 with volumes rising 11 per cent and average freight rates increasing 4.2 per cent

Metro picks K+N for Hong Kong sea freight

Metro picks K+N for Hong Kong sea freightMetro Group Buying Hong Kong, part of the giant German retailer, has awarded a three year contract to Kuehne + Nagel to manage its ocean transport operations

DHL opens automotive centre in Brazil

DHL Global Forwarding has opened a new Automotive Competence Centre in São Paulo, Brazil, to handle some 2,000 shipments each month

Inchcape expands in Chile

Inchcape Shipping Services has expanded its office network in Chile as part of its expansion plan to meet strong regional demand

One Europe, two strategies for Damco

Damco is to separate European operations into east and west. The move is designed to enable it to target faster-growing companies in the Eastern European markets while leveraging the current economic pain in Western Europe to attract big customers eager f

BP chooses Panalpina for exploration and production logistics

BP and Panalpina have signed a strategic services master agreement covering transport services for air, ocean, road and rail, industrial projects, freight management and other logistics services connected with the exploration and production of oil and gas

Maersk to pay $31.9m in deal with US government

Maersk”s US subsidiary has agreed to pay the US government $31.9 million to resolve allegations that it submitted false claims to the United States in connection with contracts to transport cargo in shipping containers to support US troops in Afghanistan

Skou replaces Kolding as Maersk Line CEO

Soren Skou will become chief executive of Maersk Line on 16th January, replacing Eivind Kolding who is leaving to become chief executive of Danske Bank

Thaysen joins Ceva from Damco

Ceva has appointed Martin Thaysen managing director for China. He takes over on 1st February and will be based in Shanghai

Ceva expands LCL services

Ceva has expanded is less-than-container-load services with an additional 30 new consolidation services worldwide

Hapag-Lloyd maintains container rates

The average freight rate for German shipping line Hapag-Lloyd in the first nine months of 2011 was $1,540 per TEU – on par with last year's figure of $1,547 per TEU.

Panalpina lowers growth expectations

Panalpina now reckons it will see no growth at all in air cargo this year after lowering its market growth expectations – but it is still forecasting four to five per cent growth for ocean freight

Shipping vision for 2040

The Sustainable Shipping Initiative, a coalition of global companies and NGOs, has set out five key objectives for sustainable shipping, in a document entitled The Vision for 2040

Container giant launches guaranteed Asia-Europe service

Maersk Line is launching a guaranteed on-time delivery service between Asia and Europe with a daily cut-off, which it reckons could save customers up to $500 per container, and cut inventory by 50 per cent

Yusen integrated freight service for Yamagata

Yusen Logistics is launching a container freight station in Yamagata, 180 miles north of Tokyo, with a consolidated shipment service involving ocean freight forwarding to receive cargo at the facility

Maersk sees container growth

Global demand for seaborne containers will grow by six to eight per cent in 2011, Maersk said in its interim results but global supply of new tonnage is expected to grow more than the freight volumes especially on the Asia to Europe trade

NOL hit by falling container rates and rising costs

Falling container rates and higher fuel costs meant that Neptune Orient Lines (NOL) posted a net loss of US$67 million (£42m) for the first half of 2011 compared to $1m (£620,000) profit in the same period a year ago

Shippers call for a share in slow steaming savings

69 per cent of global import and export businesses think ocean carriers should reduce rates to share the cost savings of slow steaming, according to a global survey analysing its impact on supply chains

Maersk joins World Ocean Council

The A.P. Moller - Maersk Group has joined the World Ocean Council to support global leadership and collaboration on ocean sustainability

£960m new build programme for NOL

Container shipping firm Neptune Orient Lines has signed contracts worth some £960 million ($1.54bn) for upgrades and 12 new container vessels, including ten of its largest and most efficient vessels

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