The economic growth uncertainty, caused by Russia’s invasion of Ukraine and consequent global sanctions, is taking a bite out of investment expectations for the global supply chain industry that had begun to recover from Covid-induced headwinds. One such casualty of the gathering storm is the fate of India’s national carrier, the Shipping...
If for a moment we forget that two star performers – shipowner Danaos and shipping line ZIM – actually exist on the stock market in the T&L sector, there’s only one winner in shipping and logistics year-to-date: US-flagged Matson, or MATX, according to its ticker. After deserving a massive round of applause...
It was a spirited, in Swiss fashion, and spiritual Detlef Trefzger (pictured below) this week during one of his last conference calls with analysts before stepping down as CEO of Kuehne + Nagel (K+N) this summer. With K+N veteran Stefan Paul – part of the management board since 2013 – starting as CEO...
I duly apologise, as your daily dose of supply chain-related folklore is in the freezer for a one-off ‘war radar’ note instead today, trying to keep the emotions in check. Blame or thank Rose Our lovely and very talkative maid from Moldova. And then I needed time to let war feelings sink into my...
A year that will be consigned to the history books as the most successful in Kuehne + Nagel’s history didn’t finish with a big bang financially, drawing from its annuals released today compared to expectations, but its temporary action in early trade on the stock exchange was very different. Why? (Now click...
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...
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...
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...
