Exacerbating that lingering trade concern, Hapag-Lloyd has announced a stream of intermittent void calls on its Indian Ocean Service (IOS) between West India and North Europe from August through November. ONE is also a consortium partner for the IOS, contributing one vessel out of a total eight ship...

According to Hong Kong-based digital wholesale marketplace Peeba, while the world is likely to see record Covid cases this winter, this is unlikely to lead to more supply chain disruption, except in China, where business disruption is “driving companies to alternative markets.” Peeba supply chai...

Oakland International Container Terminal and the Stevedoring Services of America (SSA), which operates Matson’s Oakland facility, have been closed to traffic, with ships anchoring outside waiting to berth. Also slowing the working of vessels has been the reluctance of dockers from the Internationa...

They are reducing some of the complications of importing non-military supplies into the country, which has been at war with Russia since 24 February. Freight costs to and from Ukraine have increased as a result of the war, mainly because shipping lines that can no longer insure cargo or equipment mo...

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 ...

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...

Government-imposed draught limitations on the Kaub Gauge, in the Middle Rhine, alongside predicted low water levels – potentially down to 41cm – have resulted in Contargo imposing surcharges of between €201 to €589 ($206-$604) per 20ft box, depending on the water depth, and €259 to €775 ...