Shanghai Salvage Company (SCC) has been signed to remove the burned-out wreck of the X-Press Pearl.
Cargo on the  box ship caught fire in May off the coast of Sri Lanka, and the blaze spread through the vessel which eventually …

Last week, I was finalising my recommendations to my employer’s Executive regarding which make of heavy commercial vehicles to purchase. We had shortlisted two makes (one European and one Japanese) and had evaluated their models in our business. Although not …

At around 12.00 EST, SEEKING ALPHA reports today:
– Stocks are rallying again, led by tech today, as money moves back into risk.
– The Nasdaq (COMP.IND) +2.8% leads the major averages.
– Intel is popping on its plan to …

SUPPLY CHAIN DIVE reports:
Dive Brief:
– FedEx plans to start selling capacity on the empty 53-foot containers it imports from China as part of a regular service offering that helps shippers bypass congestion, FedEx Logistics CEO Udo Lange said …

Asian exporters “abandoned” by Maersk are scrambling for deals with rival carriers, inspiring a fresh wave of ad hoc charters to North European ports for next month.
The “strategic transformation” of its ocean business, announced by Maersk earlier this year, …

Shippers hoping for relief in air freight rates early next year can expect to be disappointed, according to consultants and analysts.
A host of factors, including the Omicrom variant and its likely impact on belly capacity and lockdowns, spurring spending …

State-owned China Logistics Group was launched yesterday by merging China Railway Material Group and four units of China Chengtong Holdings Group.
They are China Material Storage and Transport Co, CTS International Logistics Corp, China Logistics Co and China Packaging Corp.…