Shippers – Page 2
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News
Dispute between K+N and energy shipper goes to arbitration
A dispute between Kuehne+Nagel and oil and gas field services company Baker Hughes has been ordered to arbitration by a US federal court judge.The case centres on the September 2020 transportation of an air cargo shipment that was seized by customs authorities at its destination in Brazil.In court documents seen ...
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News
Forwarders soon to offer real-time pricing to shippers through WebCargo
WebCargo is in the process of launching a new service that will enable freight forwarders to offer shippers live rate quotations and real-time capacity, and allow shippers to finalise bookings themselves.The new service allows forwarders to send through PDF quotes for the services that the shipper has requested that includes ...
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InsightsNordic air cargo market weathers turbulence
Challenges created by ongoing reduced airfreight capacity and Ukraine war constraints have seen the Nordic air cargo market continue to invest and innovate to meet new challenges, writes Damian Brett.Times have been turbulent for the Nordic air cargo market over the last couple of years.Like much of the industry, companies ...
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News
Maersk completes acquisition of Pilot
Shipping giant AP Moller Maersk has completed its acquisition of US forwarder Pilot Freight Services in a deal worth $1.7bn.As a result of the acquisition, international and domestic supply chain provider Pilot Freight Services will be rebranded to Pilot – A Maersk Company.The transaction price of $1.7bn equals to an ...
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News
Shanghai capacity creeps back but trucking trouble remains
Flight capacity is slowly improving but trucking remains in trouble as the Shanghai lockdown goes on and there are concerns a lockdown could be rolled out in Beijing.Flexport said in a market update on April 26 that Shanghai continues to undergo lockdown due to high amounts of Covid cases.A round ...
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NewsOceanfreight consolidation set to benefit air cargo in the long term
Tom Crabtree. Source: Air Cargo NewsThe consolidation of the oceanfreight market is set to benefit the air cargo market in the long term as the price differential between the two modes will remain closer than in the past.Speaking at this week's Nordic Air Cargo Symposium, Boeing Commercial Airplanes market analysis ...
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News
Bolloré agrees €5.7bn deal to sell African logistics business
The Bolloré Group has agreed to sell its African logistics business to container shipping giant MSC in a deal with an enterprise value of €5.7bn.The two companies entered discussions over the sale in December and, following the favourable opinions issued by each of the employee representative bodies, the two companies ...
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NewsZeitfracht’s German Airways moves into marine logistics with drones
Photo: Zeitfracht GroupZeitfracht Group and its subsidiary German Airways have now agreed to purchase 17 Wingcopter 198 transport drones for use in offshore wind farm transport.The deal, which sees Zeitfracht Group and German Airways amongst the first companies in the world to use drones commercially in logistics, comes with options ...
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News
CMA CGM Air Cargo is granted US foreign air carrier permit
The US Department of Transportation (DOT) has granted CMA CGM Air Cargo a foreign air carrier permit.“We tentatively find and conclude that the public interest warrants granting the applicant a foreign air carrier permit,” said the DOT in a document published on the government’s Regulation.gov website.Air Cargo News reported that ...
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NewsDigital airfreight solutions launch in Abu Dhabi
Yousef Al Riyami, chief technology officer – Maqta Gateway (right); and Jubran Al Breiki, director Etihad Airport Services signing the digital airfreight solutions agreement. Photo: AD Ports GroupAbu Dhabi Ports Group’s digital arm Maqta Gateway has introduced digital airfreight solutions as part of the Advanced Trade and Logistics Platform (ATLP).These ...
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News
CMA CGM Air Cargo applies for US foreign air carrier permit
CMA CGM Air Cargo has applied for a US foreign air carrier permit from the US Department of Transportation as CMA CGM looks set to launch its own Air Operator Certificate (AOC) airline in the first half of this year.The application document, which is dated 22 February, said: "CMA CGM ...
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News
Italian government kicks off ITA sale
The Italian government has begun the process of finding a partner for Italian state airline ITA Airways after container shipping company Mediterranean Shipping Co. (MSC) and German airline Lufthansa expressed their interest last month.In the first stage of this process, the government will retain a minority stake in ITA Airways, ...
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News
Airfreight rates remain elevated in January
Airfreight rates on key trades were ahead of last year in January even though prices were down from the December peak.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to North America stood at $10.90 per kg in January.This is far above the ...
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News
MSC and Lufthansa eye ITA Airways
Container shipping giant Mediterranean Shipping Co. (MSC) is interested in acquiring a majority stake in Italian state airline ITA Airways.The MSC Group aims to create a partnership with the Italian Government and the German airline Lufthansa.Both the MSC Group and Lufthansa have expressed the wish that the Italian Government maintains ...
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NewsMaersk makes logistics acquisition
LF Logistics operations. Photo: LF LogisticsMaersk is expanding further into logistics and supply chain management with the acquisition of LF Logistics.The acquisition of Hong-Kong-based LF Logistics, owned by Li & Fung (78.3%) and Temasek Holdings (21.7%), supports Maersk’s strategy to become an end-to-end supply chain player.Earlier this month, the shipping ...
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NewsMaersk partners with consumer goods giant
Maersk is helping Unilever improve its operational efficiency. Photo: MaerskMaersk has signed an international freight supply chain management partnership with Unilever that aims to boost the latter’s operational visibility and efficiency.Effective from 2022, the four-year agreement will see the development and management of Unilever’s International Control Tower Solution – an ...
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NewsBox lines brace for delays as ship continues to block Suez Canal
VesselFinder.comAsia-Europe ocean supply chains could face further delays as a huge containership remains lodged across the Suez Canal, blocking the vital waterway.Reports suggest that the Ever Given ultra-large container vessel ran aground at around 07:30 on March 23 when it was hit by a gust of wind and a sandstorm ...
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NewsCainiao launches cargo container booking service
Cainiao Smart Logistics Network, the logistics arm of Alibaba Group, has launched a container booking service for air and seafreight, which includes compensation for missed departures.As part of the service, Cainiao said container bookings will be confirmed in as fast as two business days after an order is placed by ...
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News
Air cargo prepares for biggest ever product launch as vaccine nears roll-out
The air cargo industry is preparing for what has been described as the biggest product launch in the history of mankind as a Covid-19 vaccine is set to begin distribution this year.Yesterday, developers Pfizer and BioNTech announced that trials had shown that its vaccine could prevent more than 90% of ...
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More forwarders expand airfreight operations as capacity outlook remains uncertain
Geodis and DSV are the latest freight forwarders to secure air cargo capacity as they note an uncertain supply outlook.Geodis said that as a result of a short supply of both freighter and passenger bellyhold space, it had taken the decision to announce a permanent weekly freighter charter operation on ...