Raymond STERN
Microsoft consultants to deliver AI-solution at Khalifa Port
Experts from Microsoft’s internal consulting practice are helping Abu Dhabi Terminals leverage the cutting edge of artificial...
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Raymond STERN
Jul 7, 2021
Price-fixing penalty: Korea Shipping Association warns of “second Hanjin”
Korea Shipping Association, which represents South Korean ship owners plying coastal and short-sea routes, has joined the Korea...
Raymond STERN
Jul 6, 2021
Record high ocean freight rates forces companies to explore new options
Ocean carriers could be in line for profits of $100bn this year and look assured of continued medium term profitability as capacity...
Raymond STERN
Jul 6, 2021
Microsoft to provide artificial intelligence services at Khalifa Port
Khalifa Port Container Terminal is handled and run by Abu Dhabi Terminals. Abu Dhabi Terminals has signed a partnership agreement with...
Raymond STERN
Jul 6, 2021
CEO of DHL Global Forwarding to shippers: expect high freight rates and disruption to last a while
Shippers should expect higher freight rates, long-term – and also not expect much easing in the market until Chinese New Year 2022 and...
Raymond STERN
Jul 4, 2021
Carrier's yearly profits are expected to approach $100 billion in 2021 for the first time in history
Box shipping lines' yearly profits are expected to approach US$100 billion in 2021 for the first time in the history of container...
Raymond STERN
Jul 4, 2021
Chittagong shippers seek direct vessels towards US/Europe to clear export backlog
In the face of a prolonged crisis in sending export cargoes, Bangladeshi shippers have decided to persuade larger vessel owners to...
Raymond STERN
Jul 4, 2021
Bolloré Ports launches “Green Terminal” initiative
The global port operator, Bolloré Ports has launched the "Green Terminal" certification process, which aims to reduce the carbon...
Raymond STERN
Jul 3, 2021
Logistics sector key to coronavirus recovery efforts: Agility Abu Dhabi CEO
The Abu Dhabi-based entity hosted celebration of the logistics community in event prior to completion of sale to Danish company DSV...
Raymond STERN
Jul 3, 2021
Maersk bans Iranian-owned containers from its vessels
Maersk has announced it will not accept any Iranian-owned containers on its vessels from now on, applying potential fines and penalties...
Raymond STERN
Jul 1, 2021
What’s Causing The Container Ship Traffic Jam Clogging Up Global Trade
Around the world, some major ports are experiencing a huge influx of containers, resulting in long supply delays. Trade wars, high...
Raymond STERN
Jul 1, 2021
CMA CGM buys major Spanish rail operator for €25 million
CMA CGM Group has announced the acquisition of Continental Rail, a private rail operator in Spain, for €25 million (US$29.5 million). The...
Raymond STERN
Jul 1, 2021
Chittagong ICDs chocked up with export laden boxes
The privately-owned Inland Containers Depots (ICDs) in Bangladesh are choked up with export laden containers amid congestions at...
Raymond STERN
Jun 30, 2021
Maersk Saudi Arabia and King Abdullah Port Enter Strategic Partnership
To establish Maersk’s first petrochemical hub in the Kingdom Maersk Saudi Arabia, an integrator of container logistics, announced that it...
Raymond STERN
Jun 30, 2021
Euroseas confirms first container vessel order in its history
The Greek vessel owner, Euroseas has signed a contract with the Korean shipyard, Hyundai Mipo Dockyard Co., for the construction of two...
Raymond STERN
Jun 30, 2021
DP World acquires US-based supply chain solutions provider
DP World has announced the acquisition of the US-based global logistics provider, syncreon, for an enterprise value of US$1.2 billion. DP...
Raymond STERN
Jun 30, 2021
Dubai's DP World acquires 100% of US logistics firm syncreon for $1.2b
Syncreon has specialised supply chain skills targeted at high-growth auto and tech sector. Dubai owned port operator DP World has bought...
Raymond STERN
Jun 29, 2021
Seaspan orders six new ULCVs
Seaspan Corporation has entered into an agreement with a major shipyard for six 15,000TEU new container ships. The Canada-based vessel...
Raymond STERN
Jun 29, 2021
Korea Development Bank doubles its stake in HMM
Korea Development Bank (KDB), which is already the largest shareholder of HMM, will double its stake in South Korea's flagship liner...
Raymond STERN
Jun 29, 2021
Sea-Intelligence sees a staggering number of late vessel arrivals
Schedule reliability across the world has been pretty poor throughout the year, as several ports and regions have been severely impacted...
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