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...

“We are building a very different Maersk…we are building a better business,” CEO Soren Skou told investors during an earnings call this morning. The record result was achieved despite including an impairment of $718m for its Russian activities and carrying 7% less volume on its ships. The Dani...

The air cargo industry has had a spotlight on the danger for a long time, but now the shipping industry is beginning to act. Insurer TT Club is working to engage the industry on the issue – but there is a long way to go. Its risk management director, Peregrine Storrs-Fox, as a first move has urged...

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: “...

Not shy of criticising the “foreign-owned” shipping lines serving Australia, today the Freight & Trade Alliance (F&TA) has again called for greater regulation of the shipping industry, because of “unreasonable fees”. It said: “Australians are paying more than one billion dollars a ...

The Shanghai Containerized Freight Index closed at 4,177.30 on 29 April, down 18.68 points from the previous week, marking a nine-month low. And Mr Cheng said, at a media briefing, Yang Ming must improve its financials to brace for “freight normalisation”. He said lockdowns in China and the Russ...

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...

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...