The Financial Post reports:
LONDON/FRANKFURT — A trio of distressed investors led by Apollo Global Management have bought debt of airport baggage handler Swissport and are holding talks with the company as it seeks cash to ride out the COVID-19 …

After a solid first quarter performance, Maersk says it expects container volumes to contract by up to 25% in second quarter.
The substantial reduction in demand is due to the pandemic and ensuing consumer lockdowns, with the financial implications expected …

Shanghai airport’s “worst-ever” cargo backlog is slowly easing, but forwarders are still recommending shippers turn to expedited ocean freight.
A perfect storm of lack of uplift, the global rush to buy face masks and China’s crackdown on shoddy PPE, saw …

Elon Musk has declared himself ready for a High Noon-type stand-off with officialdom.
Having sued Alameda County for upholding the lockdown on his car factory and threatening to move his HQ to another state, the founder of Tesla tweeted on …

As South Africa’s citrus fruit exporters prepare for their peak shipping season and shipping lines rush to reposition empty reefers, the country’s main ports are pushing through programmes to increase capacity.
Citrus exporters are faced with a series of challenges, …

”In the first quarter of the year, AP Møller Mærsk again delivered profitable growth. (…). We continue to support our customers in keeping their supply chains running, however as global demand continues to be significantly affected, we expect volumes in …

The UK’s National Vehicle Crime Intelligence Service (NaVCIS) has warned the logistics industry to be aware of thieves targeting personal protective equipment (PPE).
While there has been a 50% year-on-year reduction in cargo crime since the lockdown began in the …