Cayman Islands-incorporated De Well Holdings is part of the group founded by former Cosco employees Yang Shi and his wife, Cheng Fang, with De Well International Freight Forwarding (Shanghai) in 1992. The De Well Holdings prospectus, filed last week, gave no timeframe for the listing, which aims to ...

The terminal will be linked by rail with the Black Sea port of Constanta, which DP World says will create an export route for the central-Romanian region of Transylvania, where some 50% of the country’s industrial GDP originates. In a LinkedIn post, DP World said the north had “traditionally lac...

The vessel failed a previous safety inspection, on 21 April. Inspections of eight P&O Ferries vessels have been taking place since the company sacked 800 seafarers in mid-March – the Spirit if Britain is currently the only operational vessel on the Dover to Calais route. The MCA said: “...

The aim, it said, was to link up with the freight markets in the UK, Ireland and Spain. The “seamless transport” of unaccompanied trailers from Ireland (Rosslare) and the UK (Poole and Portsmouth) to the Iberian peninsula and vice versa, via France’s Atlantic corridor, would reduce the number ...

The group saw revenues rise nearly 20% to €22.59bn ($23.88bn), resulting in ebit of €2.15bn, up nearly 13%. Of this, Global Forwarding accounted for €6bn, up 70% from a year earlier. Air freight revenue rose 55%, to €2.85bn, “due mainly to tradelanes between the US and ­Europe”, while s...

According to the Intermodal Association of North America (IANA), intermodal volumes dropped 6.6% in the first quarter, year on year. International registered the steepest drop, falling 15.5%, while IANA’s intermodal trailer count was down 12.8%. The seven intermodal corridors with the highest traf...

The service, due to begin on 17 May, will link Turkish ferry services from Yalova calling at Séte to DFDS’s unaccompanied service to Sheerness in the UK, a ferry operation that began last June. The rail link will run with two weekly departures in each direction between Calais and Séte. DFDS inte...

They claim the move puts UK exporters at a competitive disadvantage. Minister for Brexit opportunities and government efficiency Jacob Rees-Mogg announced yesterday that phytosanitary import controls on EU goods, due for July, would now not be introduced, citing rising costs to UK consumers which he...

The cars, said to include some of the latest models from Lexus, Cadillac and Mercedes, arrived from Asia at the start of the month and were to have been prepared at the Belgian port for transhipment to Russia. However, the ban on luxury goods to Russia prohibits vehicles valued at more than €50,00...

Speaking to a House Committee on Transportation & Infrastructure subcommittee yesterday, FMC Chairman Daniel Maffei requested a budget increase of 5.2%, raising overall funding to $34,683,500, which he said was needed to support the FMC’s growing activities. He wants to increase staff at the ...