LNG carrier freight rates have come under severe pressure due to rising fleet supply and stabilising LNG demand, as Japan prepares to restart its nuclear power plants. Despite the general market belief that new LNG supply from Australian projects will provide ample employment to the growing fleet, there are immediate challenges on freight rates. This is due to 49 million tonnes per annum (mtpa) of Australian LNG cargo supply expected to hit the market over the next two years, according to the newly launched LNG Forecaster report published by global shipping consultancy Drewry.

Epicor Software Corp. has launched an India Technology Center in Bengaluru.

Jump Technologies Inc., a vendor of cloud-based mobile software for inventory management in hospitals, has released InnerTrack.

IHS Automotive estimates a production loss of 2,200 cars per day at Toyota's plants as a result of the recent explosions in China's Port of Tianjin.

French logistics giant Geodis says it is acquiring OHL, the U.S-based third-party logistics services provider formerly known as Osburn-Hessey Logistics for an undisclosed amount.