Hapag-Lloyd announces new GRI in South America
German container line Hapag-Lloyd has announced that a new General Rate Increase (GRI) of US$500 per container will take effect on 1 October. The new GRI will apply to all dry and reefer containers from the East Coast of South America (Brazil, Argentina, Uruguay and Paraguay) to the West Coast (Chile, Peru, Bolivia, Ecuador and […]
Wan Hai: Newbuildings not aimed at surpassing any peer
Wan Hai Lines has countered speculation that its recent newbuilding orders are aimed at breaking into the world’s 10 largest liner operators and displacing its Taiwanese compatriot peer Yang Ming Marine Transport. Wan Hai’s latest newbuilding orders, comprising eight 8,000 TEU ships at CSBC Corporation and four 8,700 TEU ships at HD Hyundai Samho inked […]
DP World expands into retail logistics with Cargo Services Far East buy
Dubai-based terminal operator DP World has completed the acquisition of Cargo Services Far East, a Hong Kong-based supply chain provider. Cargo Services is involved in origin services, or in other words, moving goods from the factory floor to the customer’s door. It employs over 2,500 people in China and across Asia, Europe, South Africa, and […]
Gothenburg Port unveils new terminal
The Port of Gothenburg announced the inauguration of a new port terminal spanning 144,000 square meters. This facility, named “Arendal 2”, represents a significant investment of approximately US$66 million and has been in development for the past six years to support the growing transportation demands of the Swedish industry. “This terminal began planning as early […]
CMA CGM receives new aircraft and launches first Transpacific service
On 18 August, CMA CGM Air Cargo received its third Boeing 777-200F, which inaugurated a new transpacific route connecting Asia to North America. The delivery of this new aircraft, operated by Atlas Air, is expected to play an important role in the expansion of the CMA CGM Air Cargo network on a strategic route, serving […]
Lufthansa Cargo appoints vice president Asia Pacific
Lufthansa Cargo has appointed Elodie Berthonneau as vice president of Asia Pacific from October 1. Based in Singapore, Berthonneau will head up the sales and handling organisation in Asia Pacific. This includes China, Japan, South Korea, Thailand, Vietnam, Singapore, Malaysia, Indonesia, Philippines and Oceania. Berthonneau joins Lufthansa Cargo from Qatar Cargo where she was vice […]
Leading German union backs CVC bid for DB Schenker
Leading German trade union Ver.di has reportedly given its backing to the CVC-led private equity consortium bidding to take over DB Schenker over fears of job losses should DSV be successful. According to Bloomberg, research from the union has indicated that more jobs would be lost at the forwarder because the company would be split […]
CMA CGM introduces port congestion surcharge in Algeria
French ocean carrier CMA CGM has announced a new port congestion surcharge (PCS) to the ports of Alger, Bejaia, Skikda and Oran in Algeria. The Marseille-based box line will apply a surcharge of US$250 per TEU, effective from today, 2 September for all origins, except of US and Latin America countries where the surcharge will […]
Top 25 cargo carriers: Cargo goes slow on growth in 2023
Air cargo demand in 2023 was slow to recover from the previous year’s market slump and the top 25 cargo airlines felt the strain. 2023 was undoubtedly a tough year for air cargo with global full-year demand, measured in cargo tonne-kilometers (CTKs), for the top 25 airlines down 1.7% compared to 2022 as inflationary pressures […]
Why the EU-China tariff tensions are more than just a trade dispute
Tariff tension between the European Union and China has flared up again, but global trade needs to be protected during any negotiations to safeguard economic growth amongst other reasons. Europe and China find themselves once again in the midst of a tariff dispute. This is not the first time tensions have flared. In 2013, the […]