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.
21 Jul 2015
Russian and Chinese authorities are investigating whether container lines plying the trade lane between Russia and China set prices together, according to Alexander Kinyov, deputy head of the Russian Federal Antimonopoly Service.
20 Jul 2015
The European Shippers’ Council adamantly opposed UPS’ proposed takeover TNT Express, but the group has no qualms with FedEx buying the ailing parcel provider for $4.8 billion.
17 Jul 2015
Transcontainer, Russia’s largest container rail shipping company, has had to adjust its plans to significantly expand its terminal network during the next several years as sanctions continue to take their toll on the Russian economy.
17 Jul 2015
There was plenty of “no comment” but no outright denials following reports that Singapore’s Neptune Orient Lines (NOL) was up for sale, suggesting that the carrier could very much be on the block.
16 Jul 2015
UPS expanded the insurance and logistics services it offers shippers of high-value cargo such as jewelry by acquiring Insured Parcel Services from G4S, a global integrated security company.
16 Jul 2015
Mediterranean Shipping Co. is testing the waters in Iran as it appears more likely United Nations sanctions will be lifted as part of a new nuclear agreement between the West and the pariah state.
16 Jul 2015
The French port of Marseille Fos is off to a strong start in 2015, with overall cargo volumes up 6 percent and containerized traffic at the deep-sea port up 10 percent.
16 Jul 2015
CMA CGM is beefing its Mediterranean to West Africa service less than a week after announcing a general rate increase from East Asia to West Africa, suggesting that container volumes in the region are growing.
16 Jul 2015
European shippers needing industrial spare parts to prevent the stalling of production lines will be able to take advantage of a new global distribution hub.
16 Jul 2015
German logistics operator DB Schenker and Austria’s Express Interfracht have been fined a combined 49 million euros ($54 million) by European Union trust busters for fixing freight rates for eight years.