PRESS RELEASE
“Singapore | Prague | New York [13 December 2019] – GIC, Singapore’s sovereign wealth fund, has signed an agreement to acquire a pan-European logistics real estate portfolio (“Maximus”) from funds managed by affiliates of Apollo Global Management, Inc. …
Container spot rates to the Mediterranean rocketed by more than 40% this week, according to today’s Shanghai Containerized Freight Index (SCFI).
Rates from Asia to Mediterranean ports increased by $312, to $1,083 per teu, and are now some 30% higher …
Freight industry bodies want the UK government to deliver details of its Brexit intentions, following the landside Conservative victory in the general election yesterday.
Robert Keen, director general of the British International Freight Association (BIFA) said his members would be …
Maersk’s container terminal operating arm, APM terminals (APMT), has opened its long-awaited Vado Gateway facility in Italy, capable of handling the largest box ships.
The facility boasts automated yard operations and, in the first phase, a 450-metre quay with a …
Technical staff at ULD provider Unilode are extra busy these days – and will remain so for some time.
The company is fitting its fleet of more than 125,000 ULDs with Bluetooth readers.
It’s a project that management expects to …
MARKETWATCH reports: “United Parcel Services Inc. stock slid Wednesday, after BMO downgraded the stock and said the rise of e-commerce is disrupting the delivery business as more parcels go to residential addresses than businesses, squeezing profit for the incumbents.”
To …
Another containership fitted with an exhaust gas cleaning system (scrubber) is added to the global fleet every 10 hours, according to Alphaliner data.
However, the race to get scrubbers retrofitted on ships ahead of IMO 2020 regulations on 1 January …
