Europe

Europe

29 Jul 2015
The Port of Townsville is set to receive a $403 million berth upgrade that will allow the northeastern Australian port to handle Panamax vessels, highlighting the movement of the majority of Australia’s trade from its southern to its northern ports.
29 Jul 2015
Finnlines posted its best second quarter result in a decade as cost cuts offset the impact of a flat Baltic short-sea shipping market.
29 Jul 2015
Russia aims to septuple container volume through Crimean ports by spending more than $100 million on terminals and reducing tariffs on shipments to the region that has been a geopolitical flashpoint since its annexation.
28 Jul 2015
Strong cross-border business in Europe and the highest demand for deferred package service in the U.S. in a decade helped UPS increase second quarter profits, despite falling revenue.
28 Jul 2015
Airlines flying cargo between China and Europe will be hit hardest by Beijing’s One Belt, One Road trade strategy as the land bridge rail route proves too attractively priced to ignore, believes Steve Flowers, head of global freight forwarding at UPS.
27 Jul 2015
The operators of the first containerized rail train from China to the Port of Rotterdam will be followed by others in August and September, another sign of growing Asia-Europe rail momentum.
27 Jul 2015
Container trade at Russian seaports continues to decline as the first half of 2015 saw container traffic in Russia’s maritime basins decline anywhere from 12 to 32 percent year-over-year.
23 Jul 2015
The 2M shipping alliance between Maersk Line and Mediterranean Shipping Co. can expand its vessel-sharing agreement on U.S. trade lanes connecting to Israel, Russia and Saudi Arabia after a 45-day review expired Thursday without U.S. Federal Maritime Commission action.
22 Jul 2015
UPS reportedly is in talks to acquire fast-growing Coyote Logistics, as round after round of logistics acquisitions this year increase speculation about potential mergers.
22 Jul 2015
FedEx Express is re-engineering its global network by replacing older, higher capacity planes with more efficient, technically advanced aircraft that have lighter payloads. The result should be a more efficient, higher yield operation in an era of slower air cargo trade.
22 Jul 2015
The average port delay of mega-ships at five major European gateways in June was just half that of the overall average vessel delays at the ports, according to the surprising findings of a study by CargoSmart.