This propelled the container spot rate back over $10,000, to $10,494 per 40ft – but the spike is being seen as a temporary blip, given that other indices and market fundamentals are all heading in the reverse direction. Indeed, Xeneta’s XSI North Europe reading fell a further 4.5% this week, to ...

Set to open next May, with a 2.4 km berth and 18-metre deep water, the facility on reclaimed land can accommodate five 24,000 teu containerships simultaneously, enabling it to handle around 4.5m teu a year. The first batch of equipment arrived at Kaohsiung on Monday, when Chinese crane manufact...

This will entail investment of around $250m across the shipping line’s 1.6 million boxes. While many reefer containers are already fitted with such equipment, Hapag-Lloyd is considered a first-mover in equipping ordinary containers with tracking, which includes GPS location data, tempera...

Denmark-based Martin Bencher was founded in 1997 and is an asset-light logistics provider that specialises in project logistics. Maersk said such services required “managed transport capabilities with deep technical specialist knowledge around specific supply chain elements, such as hand...

Atlas Air shareholders will receive $102.50 per share, a 57% premium on the 30-day weighted average trading price. Atlas will delist from Nasdaq and become privately held. The current executive team will remain in place, along with chief executive John Dietrich.  “We believe this transaction ...

Among the ‘lowest-hanging fruit’ in digitalising the logistics sector, eBLs would dramatically reduce paperwork and, it is thought, the manpower required to process it. However, a universal standard for eBLs must first be established. This would include agreement on the necessary details, as wel...

“We continue to experience problems with ground handling at our Frankfurt hub from time to time – resulting in delays and some flight cancellations – but not to the same extent as at the beginning of July,” a spokesperson for the German carrier told Logistic-News. “At the moment, we ha...

This potential positive development for the charter market was highlighted by Dr John Coustas, CEO of non-operating containership owner Danaos, during the company’s Q2 earnings call this week. Dr Coustas said the new environmental regulations were obliging ocean carriers to “redesign their opera...

The UK government’s tax body warned yesterday that “more than 3,500 businesses risk significant delays” if they did not migrate to the Customs Declaration Service (CDS) before it switches off the current platform, Customs Handling Import and Export Freight (CHIEF), on 30 September. Director of...

Present in 58 countries, the new business will see combined revenue of $1.5bn, based on 2021 figures. Handler NAS, a subsidiary of Agility Public Warehousing – the part of Agility not snapped-up by DSV last year – was initially rebuffed for an offer for 510p ($6.93) per share in February. It fol...