Construction on the South Batinah Logistics Hub, a strategic initiative of the Omani government to kick-start the growth of a logistics-based economic sector in the Sultanate, will be launched this year. Covering 9,000 hectares, the hub will incorporate Oman’s first ever inland port as well as dedicated zones earmarked for multimodal connectivity, light industries, value-adding activities, commercial services, warehousing and logistics, urban and residential developments, hotels and convention centres, and leisure areas.
Consolidation in the container shipping segment via alliances or mergers is likely to accelerate due to persistent overcapacity and freight rates pressure, Fitch Ratings says.
Beset by continued sluggish demand, a growing mountain of debt and a radically changing marketplace, listed companies in the global container shipping industry as a whole face a greater risk of financial distress, including possible bankruptcy, than at any time since 2010, and that risk has grown in each of those past three years. That's according to a new study from AlixPartners, the global business-advisory firm.
Companies operating in Indonesia may spend as much as $160bn to move goods, materials and merchandise to and from Southeast Asia's largest economy this year, according to Frost & Sullivan, an industry tracker.
An alliance of the world's top three container shipping firms which could control more than a third of the market is likely to start operating in mid-2014, No.1 player Maersk Line said after the tie-up was approved by U.S. regulators.
The definition of transportation management systems (TMS) continues to evolve. In the early days of TMS solutions, the primary goal was to manage truck-based freight. Over time, point solutions were developed to support particular modes for particular industries such as ocean and airfreight.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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