Forwarders get the push as carriers go direct

Forwarders get the push as carriers go direct

On January 1, Maersk and Hamburg Sud ceased to provide services to certain freight forwarders through named account contracts.

This will apply to logistics service providers in order to increase the carriers’ direct business with shippers who may prefer to use freight forwarders to take care of their logistics supply chain needs, according to Clecat, the European Association for Forwarding, Transport, Logistics and Customs Services.

Latest threat in supply chain nightmares is storm season at sea

Latest threat in supply chain nightmares is storm season at sea

Latest threat in supply chain nightmares is storm season at sea

NEW YORK (BLOOMBERG) – Storm season is coming to the shores of Southern California, and that could make global supply chain bottlenecks even worse.

Close to 160 vessels are waiting to enter the Long Beach and Los Angeles port complex – some mega-sized container ships carrying as much as half a million tons of everything from consumer goods to factory inputs. The build-up of cargo outside the main United States gateway for Chinese exports is contributing to goods shortages and prices hikes ahead of the Christmas shopping season.


China port closures to delay Christmas shipments, stall production in Singapore

China port closures to delay Christmas shipments, stall production in Singapore

With several terminal closures at China’s key ports recently, the queue of container ships now waiting to unload cargo and clear customs could last for another three to four months. This means imported goods, from gaming consoles to running shoes, could arrive in Singapore by the time Christmas is over, said Mr Mick Aw, senior adviser at consulting firm Moore Stephens.


DSV to break into top three with takeover of Agility GIL

DSV to break into top three with takeover of Agility GIL

DSV is set to become a top three global forwarder as it continues its expansion through the planned acquisition of Agility Global Integrated Logistics (GIL) in a deal worth around $4.1bn.

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Coronovirus: How lockdown is being lifted across Europe

After almost seven weeks of lockdown in the UK restrictions are being eased, but everywhere social distancing is the rule.

Across Europe, lockdown measures are being lifted cautiously, in phases. Businesses are reopening and many children are back in school. Here is how Europeans are emerging from life under lockdown.

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Notice on Further Reducing International Passenger Flights during the Epidemic Prevention and Control Period from Civil Aviation Administration of China

In order to resolutely contain the increasing risks of imported COVID-19 cases, and in accordance with the requirements of the State Council for joint prevention and control of the epidemic, it is decided to further reduce the number of international passenger flights. Details of the requirement are as follows

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More confusion ahead for lithium battery shippers

Shippers of lithium batteries will face a new hurdle from 1 January, thanks to new transport regulations.

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Three Japanese carriers looking forward to coming together as ONE

K Line, MOL and NYK are banking their future group profitability on the success of the Ocean Network Express (ONE) – the merger of the Japanese transport groups’ respective container businesses scheduled for April.

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Air freight rates continue to climb, with a strong peak season on the radar

Air freight rates are continuing their climb, with the sector enjoying back-to-back monthly increases and year-on-year growth. In Drewry’s latest East-West Airfreight Price Index, rates were up 1.9% in July, compared…

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Is freight forwarding at a crossroads due to new technology?

Online load boards; cloud-based freight marketplaces; connected containers; online customs processing. Innovation is spreading like wildfire upon the logistics world, promising to disrupt the freight forwarding process like never before…


An insider source has told The Loadstar a takeover of the container arm of Tung family-led Orient Overseas International (OOIL) is “almost a done deal”. In January, reports surfaced of a $4bn price tag put on the container line..

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Yang Ming tries to dispel customers

Yang Ming has said in a customer advisory aimed at mitigating concerns that its suspension of trading in the Taiwan Stock Exchange is part of a standard procedure for companies implementing recapitalisation…

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Analysis: Can Yang Ming raise enough cash in time to prevent it sinking?

A witch hunt is under way in the container shipping industry – just how bad is the situation of Taiwan’s Yang Ming Marine Transport, and how much money does it need to fix its balance sheet?

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An online platform that shows over 1,000 delinquent companies in the freight forwarding industry. Thorough investigations have been made by Freightdeadbeats…


Hanjin Shipping Nears Bankruptcy After Creditors End Support

Creditors of one of the world’s major shipping companies, South Korea’s Hanjin Shipping Co., said they would no longer give it financial support…