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CSafe acquires Softbox to consolidate position in temperature-controlled solutions
16 Dec 2021 1:04 PM ISTWhile the terms of the deal were not disclosed, Softbox CEO Kevin Valentine will assume the role of president of CSafe’s passive temperature...
Drewry lists out 4 potential disruptions for shippers in 2022; freight rates seen higher by 20-100%
14 Dec 2021 5:37 PM ISTRelentless pressure, systemic global supply chain disruptions, port congestion, capacity shortages, breaches or near breaches of shipping contract...
Earnings of shipping companies likely to fall from 2021 peaks: Moody’s
9 Dec 2021 1:01 PM ISTThe outlook for the global shipping industry has changed to stable from positive for the next 12-18 months due to demand slightly outstripping supply,...
2022 to be another challenging year for container logistics industry
9 Dec 2021 12:49 PM ISTMajority of the global container logistics industry (75 percent) is rethinking strategy for 2022, according to a survey by Container xChange.
Maersk unveils methanol-powered container carrier
9 Dec 2021 12:30 PM ISTDenmark-based A.P. Moller-Maersk unveiled an ocean-going container vessel with a nominal capacity of approximately 16,000 TEUs capable of being...
CMA CGM buys US-based Ingram Micro CLS for $3bn
9 Dec 2021 12:26 PM ISTFrench carrier CMA CGM has signed a deal with US-based Ingram Micro to buy most of its commerce & lifestyle activities (CLS) for an enterprise value...
