Baltic Reefers will acquire NYKCool from NYK Reefers, the refrigerated shipping segment of Japanese shipping giant NYK Line on Sept. 1.
An increase in U.S. manufacturing activity and imports is driving business to third-party logistics companies as shippers turn to 3PLs for freight capacity on highways and rails.
Carriers’ strategy to bundle logistics services with container shipping services appears to be “unraveling,” according to Alphaliner’s latest newsletter.
Middle East-based Simatech Shipping has announced the launch of a fortnightly feeder service linking Dakshin Bharat Gateway Terminal, a new private facility in India’s Port of Tuticorin (V.O. Chidambaranar), with Colombo, Sri Lanka, starting this month.
The International Maritime Bureau said the threat of cyberattacks in the maritime sector has intensified in the past few months, as shipping and supply chains become the “next playground for hackers.”
The Port of Portland, Oregon, on Aug. 22 announced the cancellation of a contract covering two reefer jobs with the International Longshore and Warehouse Union, citing dips in productivity at its Terminal 6 facility.
Iceland has downgraded the alert level for a volcano from “red” to “orange” after backtracking on a statement made on Saturday that a small subglacial lavel eruption had begun under the site.
In the latest instance of drayage-related disruption, violence flared at Ningbo’s Beilun Container Port as thousands of striking truck drivers clashed with riot police and smashed the windshields of trucks crossing a picket line. The past week’s protests brought the world’s sixth-largest container port to a standstill, with carriers reportedly diverting ships.
The acquisition of huge non-vessel-owning common carrier China Container Line (CCL) in the first half by Li & Fung reaped immediate rewards for the global sourcing giant, which saw its logistics sector operating profit leap by 31 percent in the first six months of the year.
A freight market that hasn’t “ramped down” this summer spells opportunity for Launch Logistics, the new third-party logistics subsidiary of shipping reseller Unishippers.