The Danish carrier took charge of the ship this week from London-headquartered shipowner Zodiac Maritime, and is expected to take delivery of “at least” five more sister vessels under construction at the South Korean yard of DSME, according to Alphaliner. The daily hire rate and duration of the ...

Issues that could impact rates in a number of key regions include Ukraine, potential labour unrest in the US and Europe and ongoing bottlenecks slowing supply chains, according to COO Steen Christensen, who joined the firm in June. “Rates won’t go back to the $20,000 levels we have seen, but wil...

It anticipates net earnings per share of $5.15 to $5.25 this year, 5.6% higher than the midpoint of the range predicted in April, when management then upped its guidance by 10%, in the wake of first-quarter results. “The pandemic drove record demand for the past two years, which translated into al...

In anticipation of Russian president Vladimir Putin turning off the gas in response to western sanctions over his war in Ukraine, the German government is feeding extra coal volumes to supply power plants. “Barge-owners are cashing in on high demand and the high daily charter rates linked to coal ...

CMA CGM will introduce a €500 reduction per container on all imports for its major retailer customers in France and its overseas territories for a year from 1 August, ‘to support the purchasing power of French households against a backdrop of rising inflation’. But a more cynical view is gain...

A new alliance between the China Xpress service, operated by DKT Allseas and Glasgow-based liner agency KC Liner Agencies, will see the fortnightly loop extended to the Scottish west coast port of Greenock, from the second half of August, according to Alphaliner.   The consultant said the revis...

A position paper issued by the group details the benefits of OSRA for forwarders, in particular the “de-fanging” of carriers in respect of demurrage and detention (D&D) charges. FIATA notes in particular that retaliatory D&D charges are “clearly prohibited”, including that refusal o...

Atlanta-based UPS is the latest mover: the logistics giant has announced the opening of a new airport gateway facility at Bengaluru (Bangalore), its second in India. The 1,500 sq metre centre is equipped with cargo sorting and in-house customs clearance facilities.  UPS said the Bengaluru...

The $260m acquisition was made through Daesang’s affiliated private equity firm, UTC Investment, and another South Korean private equity player, Forest Partners Traffix, which employs about 500 people, has a trucking network spanning the US, Canada and Mexico, and also offers warehousing. Daesang ...

The pair have worked in a joint-venture partnership for more than 10 years, but Ligentia’s newly deepened pockets, boosted both by the market of the past two years and last year’s investment by Equistone Partners, has enabled it to launch acquisition plans. The VGL Solid takeover will boost Lige...