The world’s largest ship financiers, mostly German, could see their vessel assets, dominated by container ships, written down by up to 20 percent in the European Central Bank’s impending review of Eurozone banks’ resiliency.
15 Jul 2014
The port of Antwerp’s container traffic rose around 5 percent in the second quarter of the year, more than five times the increase in the first three months...
12 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association surprised watchers by announcing a 72-hour hiatus in their negotiations so that the union could deal with unrelated talks in the Pacific Northwest, and by extending the expired coastwide contract during the suspension of negotiations.
10 Jul 2014
Lufthansa Cargo is cutting freighter capacity in response to continued weakness in global cargo demand that saw its volume slump by 8 percent year-on-year in June with no signs of a pickup in sight.
09 Jul 2014
The European Union has opened an in-depth investigation to determine whether tax breaks for publicly owned Dutch ports, including Rotterdam, breach its state aid rules.
07 Jul 2014
Endochoice, a six-year-old Atlanta-based importer of medical devices and disposable infectious control supplies and services for gastroenterologists, most of whom were in the U.S., had to reengineer its global supply chain last year when it acquired high-tech medical companies in Israel and Germany and began to manufacture and distribute a sophisticated new system for colonoscopies internationally.
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.
01 Jul 2014
Former Damco head Rolf Habben Jansen takes over as CEO of Hapag-Lloyd, effective today.
24 Jun 2014
HP now stacks up to 50 containers on a block train that travels from Chongqing to the German city of Duisburg, on a route known as the New Silk Way that was developed by Kazakhstan Railways.
18 Jun 2014
Hamburg Süd said it will focus on further cost cuts and expansion of its core routes to and from South America through 2014.
17 Jun 2014
Hapag-Lloyd has plans to restructure its West Africa service network, including its West Africa Service and West Africa Mediterranean Express, in June and July.