In the past couple of years, logistics has been waiting for its redemption child from Europe, France’s Gefco, to be adopted by new parents on either side of the Atlantic. While it couldn’t be done during normal markets, however, it’s entirely possible that the Russia-Ukraine war could facilitate it. Either by finding...
What with the Russia’s full-scale invasion of Ukraine kicking off last Thursday, the somewhat less explosive news that antitrust regulators in five anglophone countries were launching a working group to look at “supply chain collusion” got rather sidelined. While carriers’ legal teams are facing an unusually busy year, it is worth remembering...
BBC reports: The EU, US and their allies have agreed to cut off a number of Russian banks from the main international payment system, Swift. “This is intended to cut off these institutions from international financial flows, which will massively restrict their global operations,” a German government spokesman said. Russia is heavily reliant on...
ZERO HEDGE writes: (Authored by Ryan McMaken via The Mises Institute) In the wake of mounting tensions between the US and Russia over Ukraine, one now finds countless media stories on the “China-Russia axis” and the “bond between Russia and China.” The ideological benefit of connecting Russia to China is undoubtedly clear to anti-Russia...
The EC has given its provisional approval to the pending merger of listed Finnish container handling equipment manufacturers Cargotec and Konecranes. Despite this however, the two companies said they were likely to miss their original merger deadline of mid-2022 as it remains to be cleared in other jurisdictions. Premium has previously covered the...
It is way too early to pinpoint the cause of the catastrophic fire on board Mitsui’s Felicity Ace, but initial reports suggest that if the inferno wasn’t caused by lithium batteries in an electric vehicle, it is increasingly likely to have been exacerbated by them. The growth in the battery-powered vehicle trade...
PRESS RELEASE Windward’s Maritime AI solution enables freight forwarders to regain control of their business with increased visibility, accurate ETAs, and actionable insights to enable fast and informed resolutions to supply chain delays London, UK, February 22, 2022 – Windward (LSE: WNWD), the Predictive Intelligence company applying AI to transform global maritime trade, launched today its Ocean Freight...
Premium sources have passed on a statement from Expeditors, according to which: “Expeditors is currently managing a global systems downtime due to a targeted cyber-attack. We are working with global cybersecurity experts to manage through the situation. “Our global operations will be impacted throughout the incident, and we are working urgently to resolve. “Systems...
A Greek truck driver died and 10 Bulgarian, Turkish and Greek people are unaccounted for after ro-ro Euroferry Olympia, owned and operated by Grimaldi, Caught fire in the early hours of Friday morning. The till-smouldering vessel today is at anchor off the port of Kassiopi, in Corfu. The vessel was carrying more than...
ZERO HEDGE reports: With the rank smell of geopolitical crisis again overpowering the air (not to mention the bidstack in the S&P500), Deutsche Bank’s head of thematic research Jim Reid thought it would be a good opportunity to highlight a table the bank’s equity strategists Binky Chadha and Parag Thatte did a...
