An increase in airfreight of semiconductor and auto parts has led to soaring earnings for carriers like Cathay Pacific Airways and Singapore Airlines, according to a report by Reuters.
Port of Tauranga throughput breaks 1m TEUs amid Timaru terminal takeover
The New Zealand port took over the Timaru Container Terminal in 2014 and has seen its investment returned in the form of increased volumes, which reached 1.1 million for the fiscal year ending June 30, 2017.
Container carriers continue to order new capacity in flooded market
Excess capacity drove container freight rates down to near-record lows last year, but Drewry estimates 57 ultra-large containerships with at least 18,000 TEUs of capacity will be delivered to the global fleet in the next two to three years alone.
DP World predicts higher volumes for 2017 after first half growth
The Dubai-based terminal operator handled 7.7 percent more volume in the first half of 2017 compared to the same period last year, suggesting the company will reach its full-year expectation, according to CEO Sultan Ahmed Bin Sulayem.
Commentary: Positives, negatives of GST
India’s move at the beginning of July to a unified, nationwide goods and services tax (GST), instead of a patchwork of state and central taxes, is smoothing cross-state logistics, but be wary of the impact on unregistered suppliers.
Deutsche Post DHL to sell Williams Lea Tag to Advent International
Although the deal is still subject to regulatory approval, Williams Lea Tag’s operations and assets are expected to transfer over to Advent International by the fourth quarter of 2017.
King Abdullah Port volumes jump 14% in first half 2017
The Red Sea port handled 398 vessels and 821,694 TEUs during the first half of the year, both increases of 14 percent from the corresponding 2016 period, according to recent port data.
Removing a softwood trade splinter
As NAFTA renegotiations get underway in Washington, Canadian policy makers are looking for a resolution to the long-festering softwood lumber trade dispute between the United States and Canada.
Grindrod mulls spinning off shipping business
The South African financial services and logistics provider’s board of directors is advocating separating the shipping segment from the balance of the group because the business’ value is not fairly reflected in the company’s share price.
Custom Wristbands’ online price-fixing fallout continues
The e-commerce company Custom Wristbands, along with its affiliates and chief executive, pleaded guilty in district court to a price-fixing scheme involving promotional products sold in the United States.