Ocean freight rates for cargoes moving under contracts on major East-West routes have increased for the first time in years, according to Drewry's Benchmarking Club, a closed user group of multinational retailers and manufacturers seeking to more closely monitor their international freight costs.
TNT has inaugurated an international transport hub in Heerlen, the Netherlands, dedicated to the shipping of medical devices to European hospitals and clinics.
Penske Logistics has reached agreement to acquire Transfreight North America, a provider of third-party logistics and supply-chain services, from Mitsui & Co., Ltd.
CaroTrans, a global non-vessel operating common carrier and ocean freight consolidator, has introduced an import service from Shanghai, China to Seattle, Wash. and Portland, Ore. in the Pacific Northwest.
Global dry cargo demand growth, forecast at 5 percent per annum from 2016 to 2019, should be offset by falling project cargo volumes over the next 12 to 18 months, according to the latest edition of the Multipurpose Shipping Market Review and Forecaster, published by Drewry Maritime Research.
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