Monthly Archives for June 2017

Kerry Logistics kicks off joint venture with Central Asia partner Kerry Logistics is expanding its coverage of Central Asia through a joint venture. Credit: Kerry Logistics Kerry Logistics has named the Dubai-based forwarder with which it has formed a joint venture as Globalink Logistics, a company that has operations across Central Asia’s Commonwealth of Independent […]

Eimskip snaps up Danish freight forwarder Eimskip has been focusing on acquisitions of companies related to refrigerated goods. Eimskip accelerated its acquisition drive with the takeover of SHIP-LOG, a Danish freight forwarder with a focus on temperature-controlled food and pharmaceuticals cargoes. The Icelandic shipping and logistics group did not reveal how much it paid for […]

CMA CGM, APL launch new India-Med services CMA CGM is the world’s third-largest container line. CMA CGM and its APL unit are launching two new services linking the Mediterranean, the Arabian Gulf, and the Indian Subcontinent. The French carrier’s INDIAMED service between the eastern Mediterranean, Djibouti, the Arabian Gulf, and India, which starts on July […]

Chittagong shippers face further delays from EU mandate Shippers are worried that a lack of scanning equipment at Bangladesh’s ports will increase costs and transit times. The European Union (EU) has mandated that shipments from Bangladesh be inspected for explosives before cargo originating in the country can enter any EU state by sea or air. […]

Fresh capacity to keep pressure on US West Coast rates The capacity carriers are adding to US West Coast services this peak season will be more than double the additions to the East Coast. LONG BEACH — Carriers will have a more difficult time maintaining rate increases on their services to Los Angeles-Long Beach this […]

CMA CGM trims carbon footprint Containers with bamboos floors play a key role in CMA CGM’s efforts to reduce carbon emissions that contribute to global climate change. CMA CGM said it reduced its carbon dioxide (CO2) emissions per container transported by 4 percent in 2016 year, keeping it on track to hit its target of […]

DP World’s UAE terminals not servicing Qatari vessels As the largest Middle Eastern transshipment hub, a lack of access to Jebel Ali poses serious problems for Qatar. DP World confirmed that Qatar-flagged vessels and vessels coming from or traveling to Qatar are not being serviced at its terminals in the United Arab Emirates (UAE). The […]

Carriers poised to profit from higher trans-Pac contracts Spot rates that are higher and fluctuating less than last year will cushion the gains carriers made in annual trans-Pacific contracts. With trans-Pacific service contract rates to the West Coast settling in at about $1,200 to $1,300 per FEU, and the likelihood of spot rate increases during […]

Mammoet lifts big pieces for Sasol plant in Louisiana Heavy-lift specialist Mammoet has completed the lifting and positioning of the two largest units of an $8 billion Sasol ethane cracker and related plants that will add to exports of polyethylene resins from the US Gulf region. The Sasol plants going up at Lake Charles, Louisiana, […]

Hapag-Lloyd second carrier to levy booking cancellation fee Hapag-Lloyd will charge Singapore-India shippers a late booking cancellation fee from June 9. Hapag-Lloyd will begin charging a booking cancellation fee for export shipments from Singapore to India from June 9, the second carrier this month to introduce a surcharge that has in the past been firmly […]