CMA CGM will sign a $1 billion financing agreement with the Export-Import Bank of China on Wednesday when Chinese premier Li Keqiang visits the French carrier’s headquarters.
Shippers on Asia-Europe have never been fans of the host of surcharges levied by carriers on the trade and have routinely levelled complaints that the ad-ons were more boosters of revenue rather than a cost recovery mechanism.
The G6 Alliance continues to add port calls to its Asia-North Europe services, this time in China, in a bid to secure additional cargo loads on the trade during the much hoped for peak season.
The value of the goods shipped between the U.S. and Canada dropped 12.5 percent in April, thanks to low oil prices, a strong U.S. dollar and a shrinking Canadian economy.
The christening last week of the Vicente Pinzon marks the completion of Alianca Navegacao’s reais 700 million ($224.5 million) cabotage and coastal fleet upgrade aimed at securing its dominance in the Brazilian cabotage market
As part of Busan’s larger effort to shore up its transshipment business amid fierce competition, the Korean government has announced plans to demolish an island to allow it to better handle mega-ships.
The UK’s air freight shippers are nervously awaiting the publication of a long-delayed report that will recommend either London Heathrow or nearby Gatwick as the best site for a new runway in the crowded southeast of the country.
Kazakhstan’s national rail operator and DHL Global Forwarding have signed a memorandum of understanding that will provide the logistics operator with additional block trains on the fast-developing land bridge between China and Europe.
U.S. Secretary of Labor Thomas E. Perez said Monday that bills before Congress seeking to avoid lengthy negotiations marked by slowdowns and employer retaliation that recently plagued West Coast ports aren’t the answer.
Sen. Deb Fischer of Nebraska wants a study on whether 18- to 20-year-olds should be allowed to drive heavy trucks across state lines, a step trucking concerns short of qualified drivers increasingly support. Current federal rules restrict interstate CDLs to drivers at least 21 years of age.
A proposal that could drastically increase costs for harbor pilots at the Port of Savannah could cause operational problems at the U.S. South Atlantic’s busiest port, a Georgia congressman warned last week.
Mobility has become the latest technological catchphrase, especially in transportation, as wave after wave of t
The European Union stepped up pressure on the Greek government to levy a higher tonnage tax and end tax breaks for the powerful shipping industry amid growing fears the country is heading for default and an exit from the eurozone.