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Terminal congestion continues in American ports: Sea-Intelligence
22 Dec 2021 2:32 PM ISTDespite the extensive focus on congestion issues, and the aim for resolution, the reality is that terminal congestion issues are worsening in Europe...
Maersk to acquire LF Logistics for $3.6 billion
22 Dec 2021 1:38 PM ISTLF Logistics is a Hong Kong-based private company owned by Li & Fung (78.3 percent) and Temasek Holdings (21.7 percent) focused on providing contract...
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...
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...
