The master of the arrested APL England is to be prosecuted in Australia and could be held responsible for the loss of around 50 containers lost overboard last week.
“The offences relate to pollution and/or damage of the Australian marine …

Headhaul cargo visibility for Asia-North Europe carriers is still unclear for July and August, with much depending on the speed of the economic recovery and the appetite of consumers to spend, following the easing of Covid-19 lockdowns.
But for now …

While PPE shipments were the mainstay for air cargo during the pandemic, e-commerce volumes have also broken records.
In fact, online shopping has been “a saviour” for many last-mile logistics firms, according to Chaminda Gunasekera, Seko Logistics’ senior director, airfreight, …

The value versus people dichotomy would leave even the smartest observer in awe when it comes to DSV Panalpina (DSV PAN).
Winners & losers
In a note released after the market closed last Friday, and headed – “Structural Winners Conference …

REUTERS reports:
Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.
Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture …

PITCHBOOK writes:
FedEx is nearing a deal to acquire a stake in German peer Hermes, according to Handelsblatt.
The US group is reportedly looking for a strategic partner to grow its European parcel delivery presence. 
Advent International is reportedly in …

Container spot rates from Asia to the US soared this week as the aggressive blank sailing programmes of transpacific carriers resulted in a capacity crunch and container rollovers.
The US west coast component of today’s Shanghai Containerized Freight Index (SCFI) …