Evergreen Line and Simatech Shipping have reached a vessel-sharing agreement to jointly operate a new container service connecting the Indian subcontinent and the Middle East, starting in early May.
26 Feb 2015
Freight forwarder Expeditors International saw air freight volume soar in the fourth quarter, reaching a 19 percent year-over-year increase in December, as shippers tried to fly over West Coast port gridlock.
20 Jan 2015
Operations at the Port of Nhava Sheva returned to “near” normal levels Monday afternoon, a day after violent protests by container trailer drivers led to the closure of gates at APM Terminals-operated Gateway Terminals India.
19 Jan 2015
Allcargo Logistics has kicked off a coastal container feeder service between West India and South India, expanding its core multimodal transportation portfolio.
19 Jan 2015
APM Terminals-operated Gateway Terminals India closed its gates Sunday after truck drivers protesting intermittent gate closings at the facility violently clashed with police at the Nhave Sheva port complex.
15 Jan 2015
DHL Express has opened a new distribution and consolidation center in Chandigarh, near Delhi, to cater to the growing trade demand in the northern India region.
27 Dec 2014
NYK Line has teamed up with Gujarat Pipavav Port, an APM Terminals facility on India’s west coast, to build and operate a new dedicated automobile logistics terminal at the Pipavav port complex.
17 Dec 2014
Maersk Line is merging its MECL1 and MECL2 services connecting the Middle East, India and the U.S. East Coast into a single weekly loop, beginning in mid-January 2015.
12 Dec 2014
Carriers announced GRIs this week for several major trade lanes, all effective on Jan. 15. Spot rates on Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, has dropped 23.5 percent in the five weeks since Nov. 6.
28 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in November, December and January, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
21 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.