What Trump’s win means for the offshore markets
The US elections are the number one topic today and Norwegian shipbroker Fearnleys believes that, whatever the result, it will most likely be a non-event for offshore drilling but Trump’s win will likely focus the offshore supply market more on oil and gas. Fearnleys believes that activity, and especially licensing, is likely to be higher […]
Emirates Shipping Line starts new container service
The Saudi Ports Authority, known as Mawani, has announced the launch of a new shipping service called GRC, which will be operated by Emirates Shipping Line. This new service is designed to meet market demands and accommodate the growing trade in the region, further establishing Saudi Arabia as a global logistics hub connecting three continents. […]
“Weak momentum” in global trade affects DHL Group’s results
Germany-based transportation company DHL Group reported revenue of €20.6 billion in the third quarter of 2024, up 6.2% compared to the same period of the previous year. Additionally, DHL’s operating profit (EBIT) was relatively steady at €1.37 billion, while free cash flow reached €723 million from €1 billion in the same period last year. The […]
C.H. Robinson automates full freight shipment lifecycle with generative AI
C.H. Robinson has developed proprietary technology that uses generative AI to handle tasks typically managed by people, fully automating the freight shipment process. This new system interprets incoming emails and replicates human actions, enabling automation across the entire shipment lifecycle—from providing price quotes and accepting loads to scheduling pickups and deliveries, as well as tracking […]
Maersk revises peak season surcharge in Gambia
Danish container carrier Maersk is revising its Peak seasonal surcharge (PSS) for the scope CAM & CAR, Europe and Americas to Gambia. The updated surcharge will be effective from 13 November 2024 for all origin ports, except for the United States and Colombia, where the PSS will take effect on 29 November. Origin Destination Currency […]
Main US election threat to trade is doubt and indecision
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Menarini chooses Kuehne+Nagel for product distribution in Türkiye
Menarini, a global pharmaceutical company, has partnered with Kuehne+Nagel to manage the distribution of its healthcare products across Türkiye. By leveraging Kuehne+Nagel’s expertise in handling sensitive healthcare goods and its strong local network, Menarini aims to ensure reliable, nationwide access to its products. “The product quality delivered to the end consumer, the patient, is a […]
DHL Global Forwarding sees Q3 airfreight revenues rise but profits under pressure
DHL Global Forwarding saw its air cargo volumes and revenues rise in the third quarter led by trades out of Asia but gross profits came under pressure due to rising rates. The forwarding business registered an 8.5% increase in air cargo volumes to 445,000 tons during the third quarter and revenues improved by 17.2% to […]
PIL signs for more Hudong-Zhonghua boxships
Singapore’s Pacific International Lines (PIL) has returned to China’s Hudong-Zhonghua Shipbuilding for five LNG dual-fuel containerships. The company has contracted 9,000 teu vessels bringing its newbuilding campaign since 2022 to 18. In addition to being LNG-powered, the vessels will be able to switch to running on bio-methane, PIL said. The order follows another five LNG […]
Intership Navigation and Interorient Shipmanagement join forces
Cyprus-based Intership Navigation and Interorient Shipmanagement have merged their shipmanagement activities into InterMaritime Shipmanagement. The newly formed company, which will include Intership’s sister company Donnelly Tanker Management, will manage a fleet of over 170 vessels including tankers of all types, LPG carriers, bulkers, containers, multipurpose ships and other specialised tonnage. InterMaritime will provide full-scope shipmanagement […]