China United Lines (CULines) has applied to be listed on the Hong Kong Stock Exchange. The liner operator, which is majority owned by the Chinese state, did not provide any fund-raising target or timetable in its listing prospectus, but stated that it plans to use the proceeds to expand its fleet, acquire...
Shipping lines continue to rail against the introduction of new legislation in the US that is aimed at curbing some of the excesses that both importers and exporters have complained about over the past two years. A Senate version of the Ocean Shipping Reform Act is now under consideration in the US...
PRESS RELEASE Dhaka, Bangladesh: A.P. Moller – Maersk (Maersk) is strengthening its operations in Bangladesh, where it has served the country’s exporters connect to the global market for almost three decades. Bangladesh has been one of the most important sourcing markets for the garments and apparel industry worldwide. The garment manufacturers exporting to...
PRESS RELEASE FRA/Hamburg – The DAKOSY software company has worked with Fraport AG to digitally network the FAIR@Link cargo community platform with the Click-2-drive automatic license plate detection system. The result: starting immediately, the barriers at Gates 21 and 32 of Frankfurt Airport’s CargoCity South will automatically open for vehicles that have...
The massive road freight congestion on the Vietnam-China border is causing major headaches for intra-Asia cargo flows, with planes, and now trains, helping pick up the slack. On Tuesday, Alibaba logistics unit Cainiao said it had launched a daily charter flight between Ho Chi Minh City and Nanning to “safeguard” the cross-border...
HMRC has robustly defended its ability to migrate 5,000 UK importers and exporters to new customs software by March 2023, rebuffing accusations that systems will “collapse”. Yesterday, The Loadstar reported software house claims that the department has failed to take seriously the complexity of the switch from Customs Handling of Import and...
Having already outstripped Long Beach as a bigger US import container hub, the port of New York & New Jersey is close to usurping Los Angeles at the top of the rankings. The reason is the accelerating coastal shift of imports from west to east. According to the latest data compiled by Blue...
PRESS RELEASE Heppner announces the acquisition of the Swiss Group SAFRAM, with operations in Switzerland, France, Germany, the United Kingdom and Hungary. This acquisition forms part of Heppner’s international growth and business diversification strategy, now with the integration of expertise in dangerous goods transport and logistics. The overall goal is to strengthen the...
Hutchison Ports says Yantian International Container Terminal (YICT) in southern China lowered the cut-off time for receiving outbound containers since Wednesday, claiming delayed ship arrivals have caused containers to pile up in its yard. YICT is one of three sub-ports that make up Shenzhen port, the others being Nanshan and Dachan Bay. Shenzhen...
South Korea’s Ministry of Land, Infrastructure and Transport (MOLIT) is taking urgent action to deliver over 200,000 stranded parcels resulting from a prolonged strike by subcontracted couriers of the country’s largest logistics company, CJ Logistics. Around 1,700 workers hired by the sub-contractors have refused to work since 28 December, claiming their wage...
