It takes the giant Emma Maersk, which carries the equivalent of nearly 15,000 twenty-foot containers (TEUs), about three and a half miles to come to a dead stop. But there's no stopping the Triple-E, Maersk Line's even larger class of containership, from entering the liner trades over the next three years.
Judging from their actions, ocean carriers would love to toss out those irritating economics textbooks, with their tedious lessons about supply and demand. Too much capacity? No pricing discipline? Sluggish volume growth? Forget about it. Why should any of that prevent them from raising freight rates?
Keppel Logistics Pte Ltd. (Keppel Logistics), a wholly-owned subsidiary of Keppel Telecommunications & Transportation Ltd, (Keppel T&T), has leased a two-hectare site for 30 years from JTC Corporation to develop an air logistics hub in the eastern part of Singapore.
DTDC Courier & Cargo, express courier company, launched its specialist logistic company for e-commerce-DotZot. This will become the first India delivery network with a reach of over 8,000 pin codes and 2,300 cities focusing exclusively on the e-retail space.
A.P. Moeller-Maersk A/S (MAERSKB), owner of the world's largest container-shipping company, plans to add more vessels to its Singapore base after making the city-state its biggest hub after the headquarters in Denmark.
ART Logistics, a leading project logistics company focused on Central Asia, Russia and the CIS, has launched a twice-monthly less-than-truckload service connecting Europe to Mongolia.
Laos has made considerable progress in its efforts to develop connectivity and trade facilitation, a senior government official told the meeting of Asian-European Landlocked Developing Countries (LLDCs) in Vientiane.
Indonesia is at the early stages of a period of strong economic growth, creating a wave of new middle-class and affluent consumers (MACs) that will grow in size and purchasing power through 2020, according to a report by The Boston Consulting Group.
India's Ministry of External Affairs (MEA) is moving to set up a direct sea and air link between India and Latin America, as Indian corporations line up significant investments in the oil, mining, IT and pharmaceutical sectors there.
Global logistics giant Kuehne + Nagel have announced the restructuring of their European operations in the first step of a "comprehensive programme for increases in efficiency". In an online statement released on their website, KN explained it will optimize its regional structure beginning July 2013, beginning by merging the current organisational units of central Europe, northwest Europe and southwest Europe into one central region.