Egypt should deliver on a commitment to dredge a new Mediterranean access channel to the Suez Canal as soon as possible or it risks derailing the goals of its ambitious Suez-centered development plans.
The world’s largest container carrier — and reefer carrier — Maersk Line is well-versed in the details of shipping temperature-controlled cargoes. William “Bill” Duggan, vice president of North American refrigerated services, recently shared his thoughts on key challenges and opportunities confronting the global reefer market.
At a time when east-west container shipping trades are being pummeled by what Drewry Maritime Research calls a toxic mix of overcapacity, weak demand and aggressive pricing, the trans-Atlantic is standing out as a lone, and surprising, stalwart.
Port Itapoa is expecting an 11 percent jump in container traffic this year, thanks to robust chicken and beef exports to China, new services and better road connections.
Nippon Express Co., Japan’s largest international freight forwarder, saw its group net profit soar in the first quarter of fiscal 2015 on the back of robust international revenue growth driven by the weak yen and increased air cargo traffic.
Danish trucker and freight forwarder DSV posted a better-than-expected increase in second-quarter earnings, driven by sharply higher air and ocean container profits, leading it to upgrade its full-year earnings forecast.
Shippers moving containerized cargo between China and Central Europe and Central Asia can soon tap a new transport corridor connecting China, Kazakhstan and Azerbaijan via rail and a new seaport in the Azeri capital of Baku.
The port-based logistics provider said it has acquired 48 acres adjacent to the Krishnapatnam port, near Chennai, for the construction of a new container freight station a month after the company kicked off a plan to build an inland container depot center at Viramgam, near Ahmedabad in Gujarat State.
Greek container ship-owner Danaos more than doubled second-quarter earnings as it continued to cut financing costs and increased its charter revenue.
For most ports on the U.S. West Coast, late 2014 and early 2015 was a year of seemingly-unending congestion and slumping cargo traffic. Not so at California’s Port of Hueneme, which just reported its highest cargo year in its 78-year history.
Amidst very real concerns about hackers taking control of trucks and automobiles, a new report from the FreightWatch International Supply Chain Intelligence Center says cargo thefts from trucks have actually declined.
ArcBest rode a company-wide wave of freight demand in the second quarter, with less-than-truckload carrier ABF Freight System and asset-light subsidiaries increasing revenue and profit. The asset-light businesses, however, grew faster than the asset-based LTL division.
Woo Ye-jong has been tapped to lead the Port of Busan in its effort to become an even larger transshipment hub, succeeding Lim Ki-tack who has been elected as the International Maritime Organization's next secretary-general.