Ahead of the closure, some vessels have already been waiting four to five days to berth at the port. Some 13 containerships were waiting at the outer anchorage today, while the yards held nearly 42,000 teu of containers of a total storage capacity of 49,018 teu. Fearing the congestion will be signif...

The high valuation affirms the high expectations for tech to curtail inefficiencies in road transport. Here, there are many opportunities for streamlining, due to the industry’s fragmented character, the company says. “The pandemic highlighted how important trucking is and how volatile and ineff...

Responding to press speculation, a Cabinet Office spokesperson wouldn’t confirm whether the final phase of the Brexit transition period would happen in July as intended, or there would be another delay. Speaking to Logistic-News, the spokesperson said: “We are keeping this issue under careful rev...

Warehouse vacancies in the US are at less than 4%, with little hope for improvement as the arrival of new facilities cannot keep up with demand and industry players expect no easing of the crunch before the end of next year. “The need for resilience in the supply chain continues to drive record de...

The Central Bank of Bangladesh on Wednesday allowed banks and foreign currency dealers to remit money to buy vessel/container tracking system/services from globally reputed companies for this reason. It said: “…authorised (forex) dealers (ADs) are advised to establish vessel-tracking s...

CJ Logistics will raise around $201m in cash with Samsung SRA Asset Management, with the remaining $401m to be borrowed from financial institutions. Samsung SRA raises funds through establishing investment trusts and inviting funding from institutional and retail investors. “Financial investors ca...

Ukrainian freight forwarders that Odessa consultancy Informall has spoken with, say Romania’s container yards are operating at capacity as a major portion of Ukrainian trade flows through Constanta. Although increased transhipment means greater profits for Constanta, it also requires the establish...

According to the National Retail Federation, in the US, merchandise worth $761bn was returned last year – about 16% of all purchases – up from 10% in 2020. For online purchases, the return rate was 20.8%, up from 18.1% in 2020. But by some estimates, cross-border sellers were seeing a return rat...

Carriers regularly serving Colombo, mainly loading Indian transhipment cargo, have faced increased turnaround and productivity concerns in recent weeks, in the aftermath of fuel shortages that had pulled trucks off the port. “The recent expansions in the major ports around Sri Lanka have made the ...

Bolloré holds a 49% stake in the Dakshin Bharat Gateway Terminal (DBGT) in VO Chidambaranar Port (VOC), better known as Tuticorin, near Chennai.   Opened in 2014, with capacity of 600,000 teu a year, DBGT now commands roughly 75% of container volumes moving via VOC.   MSC is already ...