On the back of low bunker prices and more newbuildings to be delivered in 2016, chemical shipping freight rates for both contracts of affreightment and spot cargoes will be under pressure throughout 2016, as there are some new operators looking to break into the long-haul trade routes, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.
Import cargo volume at the nation's major retail container ports is expected to decline year-over-year for the next few months, but the first half of the year should still amount to a 4.5-percent increase compared with the same period last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
RFID technology company eAgile is marketing a solution known as eSeal that aims to enable the automatic tracking of containers of medication from the point of manufacture to the drugstore counter or a patient's hospital bedside.
Wallenius Wilhelmsen Logistics (WWL), a global provider of roll-on/roll-off shipping and vehicle logistics services, has entered into an agreement with its partner company Groupe CAT to acquire the latter's 50-percent share in CAT-WWL, a joint venture of 10 vehicle-processing facilities based in South Africa.
Ireland-based ASL Aviation Group has agreed to purchase airline operations currently owned by TNT Express and is expected to will continue to operate them on behalf of the merged FedEx-TNT entity.
Claims related to the massive explosion at the port of Tianjin, China, may grow to as much as $6bn, says the International Union of Marine Insurance (IUMI). More than half of the claims reportedly fall within marine insurance or reinsurance lines - potentially making it the largest single marine disaster (by claim value) in history, surpassing Hurricane Sandy.
The latest news, analysis, services and systems regarding global logistics and freight and their impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods faster and farther around the world than ever before through global logistics solutions. New technologies that provide information during global shipments are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As transportation and distribution services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using global logistics solutions to power their supply chains.
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