The World Bank is assisting Malaysia to develop a national port strategy to better position its ports sector as a critical facilitator of economic growth.
Maersk Line Chief Operating Officer Soren Toft has said Neptune Orient Lines is not its only potential acquisition target, but he declined to comment on whether the Danish carrier planned to make a formal bid.
The potential acquisition of Neptune Orient Lines by CMA CGM would mark the biggest consolidation in container shipping based on the capacity of the targeted carrier, according to Alphaliner.
Descartes Systems has acquired Oz Development in a $29.5 million deal that will allow the company to extend its access to small-to-medium sizedcustomers. It’s the third major acquisition for Descartes in what the Waterloo, Canada-based firm global logistics software developer has called a “breakout year.”
DHL has named Mike Parra, a long-time logistics professional, to the position of CEO DHL Express Americas, replacing Stephen Fenwick, who is retiring Dec. 31.
The Oakland International Container Terminal is piloting a program of night and weekend gates to help relieve congestion, a strategy that is expected to go port-wide at the Northern California port in early 2016.
Work on the nearly complete expansion of the Panama Canal was affected this week by a 24-hour national strike by a construction workers’ union protesting alleged court corruption and a possible increase in the nation’s retirement age.
The sharp drop in bunker prices has not undermined the competitiveness of new liquefied natural gas-powered container feeder ships for the North/Baltic Sea sulphur emission control area, according to German shipowner Nordic Hamburg.
Daniel B. Maffei, a former congressman from New York, has been nominated by President Obama to succeed Richard Lidinsky Jr. as one of the five members of the U.S. Federal Maritime Commission.
Jawaharlal Nehru Port Trust has issued a tender calling for proposals from domestic and international firms to set up industrial units at its much-awaited special economic zone, as India’s biggest container handler looks for new avenues to grow its cargo volumes amid slowing global trade.
The fleet of idle container ships above 500 twenty-foot-equivalent units has surged to a five-year high of 1.2 million TEUs and more vessels will join the jobless queue in the coming weeks, Alphaliner said.
Demand for air cargo shipments in Asia fell slightly in October on the back of continued weakness in export-import activities in the major regional economies of China, India and Japan, according to the latest data from the Association of Asia Pacific Airlines.
China's leaders seldom miss an opportunity to punt their Belt and Road trade strategy, and when Premier Li Keqiang met with Lithuania's Prime Minister Algirdas Butkevicius in east China's Suzhou City, he called for more progress in joint railway and port projects.