Europe

12 Jul 2014
Shipper groups began to react cautiously to the planned 10-year vessel-sharing agreement proposed by Maersk Line and Mediterranean Shipping Co. on east-west trades, dubbed “2M.”
03 Jul 2014
Hanjin Shipping will rake in almost $300 million from the spinoff of its dry bulk business, allowing the loss-making Korean carrier to remove a significant portion of debt as it continues to restructure the company.
Earlier this year UPS the official opening of a $200 million expansion of its European air hub facilities at Cologne/Bonn Airport in Germany.
02 Jul 2014
UPS will invest about $1 billion of its $2.5 billion budget for capital expansion over the next three to five years in the European market, new comments from the company’s CFO confirm.
Air cargo
02 Jul 2014
Global air cargo traffic grew 4.7 percent in May from the previous year, with all regions posting increased volumes as world trade and business confidence recovered from a weak first quarter, the International Air Transport Association said.
A recent arrival at the Black Sea port of Novorossiysk, part of China Shipping Container Line’s new deep-sea service from the Far East to Russia.
02 Jul 2014
NUTEP, a container terminal at the Black Sea port of Novorossiysk, Russia, has plans to begin construction on a new pier this fall.
02 Jul 2014
DP World London Gateway has gained its fifth service since opening in November 2013, following Hapag-Lloyd and Mitsui O.S.K. Lines’ merger of their Europe-West Africa joint services.
01 Jul 2014
Former Damco head Rolf Habben Jansen takes over as CEO of Hapag-Lloyd, effective today.
30 Jun 2014
The Volvo Group has reached a agreement with Scandinavian Logistics Partners AB to sell extra capacity in rail transport from Belgium to Sweden, effective July 1.
30 Jun 2014
The major North European ports likely will face further congestion in the coming months as carrier alliances continue to have an impact on the reliability of service schedules, according to Drewry Maritime Research.
SCFI: Shanghai to Northern Europe
27 Jun 2014
Spot rates from Asia to Northern Europe are 20 percent lower than they were this time last year, according to the Shanghai Containerized Freight Index.
27 Jun 2014
The UK’s competition regulator today ordered Groupe Eurotunnel, the operator of the subsea rail link between Britain and France, to cease operation of its roll-on, roll-off shipping service within six months.

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