Maersk’s proposed $3.6bn acquisition of Hong Kong-based LF Logistics represents a “significant milestone” in its transformation into a global integrator of container logistics, according to the CEO of its Ocean & Logistics division, Vincent Clerc.
Maersk will purchase LF Logistics …

Transpacific airfreight rates into the US have finally begun to fall as the market softens before the holiday week.
TAC Index figures from China to the US, which have been on an upwards trajectory since the start of November, have …

Forwarders in Australia and New Zealand have that spiralling cargo delays and freight rates will extend well into the new year.
David Aherne, CEO of Across the Ocean Shipping, said “more pain is yet to come”, thanks to upcoming events …

Near-shoring has been slower than anticipated to pick up, but momentum is growing, with central European forwarders expanding eastward.
Frankfurt-based Quick Cargo Service has plans to increase its footprint in eastern Europe next year.
“We already have an office in …

South Korea’s Incheon Port Authority (IPA) has worked with compatriot intra-Asia carriers Sinokor Merchant Marine and Dong Young Shipping to offer extra loader sailings to South-east Asia for shippers exporting from the Seoul area.
The first sailing, on 2 December, …

MSC’s surprise last-minute €5.7bn bid to acquire Bolloré Africa Logistics from under the noses of its ocean carrier rivals represents a change of direction for the Aponte family business.
Hitherto, MSC has relied on organic growth to rise to the …

Flash flooding has caused berthing delays at Malaysia’s Port Klang, costing millions in damaged cargo.
“Unprecedented” rainfall hit Selangor for 36 hours across Friday and Saturday, submerging roads across Malaysia’s industrial heartland and home to the world’s 12th-busiest container port …