Freight forwarder association Clecat is asking the EC competition directorate to urgently investigate what it claims are “distortions” in the liner shipping market. Clecat wrote to commissioner Margrethe Vestager calling for the regulator to establish “the degree of concentration, consolidation, coordination, and cartelisation in the upstream container liner shipping services markets serving...
Through its brokers, Zim has made it known to containership owners that it is prepared to outbid competitor lines to secure charter tonnage. According to Alphaliner, the Israeli carrier “has been the most aggressive charterer in the past 12 months”, having concluded over 120 fixtures of existing and newbuild tonnage. “What owners are...
PRESS RELEASE Asia focus: Partnership with Singapore’s national flag carrier will enable bookings for high quality cargo capacity in Asia’s busiest hubDigitalization excellence: Airline leverages cargo.one’s digital technology to ensure impeccable end-to-end booking experience for cargo customersSingapore | Berlin, February 17, 2022 – Singapore Airlines Cargo and cargo.one today announced a global...
PRESS RELEASE Dresden, Germany and Singapore, 16th February 2022 – Elbe Flugzeugwerke (EFW), Centre of Excellence for Airbus freighter conversions and joint venture of ST Engineering and Airbus, today announced new orders for six A321 Passenger-to-Freighter (P2F) orders by SmartLynx Airlines (SmartLynx), an European ACMI charter and cargo operator. This latest order will greatly boost the...
PRESS RELEASE Global air and travel service provider to open state-of-the-art cargo terminal in 2024 Amsterdam/Scherfede, 15 February 2022 – dnata, a leading global air and travel service provider, has contracted Lödige Industries, the world’s leading provider of cargo terminal solutions, to supply their new cargo terminal at Amsterdam Airport Schiphol. Due to construction measures at Schiphol to...
A situation can turn swiftly from stress-free to stressful, but there are often remedies before us that, unfortunately, we aren’t able to detect at first glance. Briefly, on Premium‘s screen today: DSV’s start to the week was another one to forget, drawing from its share price action. The stock hit Dkr1,244.5 in early...
Maersk said this week it anticipated container spot rates would fall back in the second half of the year, justifying its strategy to secure 70% of its volume under long-term contracts. Spot rates are already showing signs of softening, post Chinese New Year, on the Asia-North Europe tradelane, and the return to...
Bangladesh’s strained logistics sector could see major foreign investment, following a call by the EU for the country to relax restrictions. The EU is pushing Bangladesh to open up its logistics industry to foreign investment of up to 100%, from 49%. This would see foreign companies being able to invest independently, rather than...
PRESS RELEASE 02/10/2022 EDEN PRAIRIE, Minn.–(BUSINESS WIRE)– C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) announced that its Board of Directors today declared a regular quarterly cash dividend of 55 cents ($0.55) per share, payable on April 1, 2022, to shareholders of record on March 4, 2022. C.H. Robinson has distributed uninterrupted dividends without...
FREIGHTWAVES reports: Third-party logistics provider Flexport, flush with fresh investor funding, has tentatively ordered two large autonomous cargo jets with a 100-ton payload from startup aircraft manufacturer Natilus, part of a strategic effort to enhance customer service by directly controlling more transport capacity. San Diego-based Natilus on Wednesday announced $6 billion in advance...
