The Global Shippers Forum (GSF) has issued a warning to ocean freight customers as they find themselves saddled with the extra cost of cleaner fuel, compliant with the new IMO low sulphur regulations that came into effect last week.
The …
Six European feeder and shortsea lines are challenging the extension of a “dockers’ clause” covering container lashing operations in ports to Europe.
The dockers’ clause stipulates that lashing operations must be undertaken by International Transport Workers Federation (ITF)-affiliated unions and …
India suffered a “broad-based” slowdown in import-export trade in 2019, according to Maersk.
Steve Felder, managing director for Maersk South Asia, says last year’s global dip in container demand, combined with domestic challenges to India’s economy, impacted the country.
“This …
“JB Hunt Transport Services (…) today announced that its subsidiary, JB Hunt Transport, Inc, acquired the assets of RDI Last Mile on December 31, 2019. The transaction was funded using JB Hunt’s existing revolving credit facility.” JB Hunt, 2 January …
Now please glance through all the tables below – and please remember that DSV Panalpina (DSV PAN) hit its one-month low today (Dkr737.2) on the stock exchange, down significantly from the record high of Dkr774.6 as of 30 December.
First …
The Financial Times writes:
AP Moller-Maersk is getting close to making a number of acquisitions to bulk up its land-based logistics business after the world’s largest container shipping group strengthened its balance sheet.
“The Danish group transports one-fifth of all …
“In the next 24 months, #FedEx will either be acquired or lose an additional 40%+ in value. Likely acquirer = #Walmart. Gangster move = a merger with #Shopify.” – Scott Galloway, “FckdEx” (No Mercy/No Malice), 20 December 2019.
The latest …
