Safesea Group gets approval to bid for Shipping Corporation of India
NEW DELHI : The Safesea Group has received the green signal to bid for Shipping Corporation of India (SCI), and will be given access to the company’s confidential financial data along with other bidders on Monday.
Geodis expands freight brokerage capacity with velocity acquisition
Geodis has reached an agreement to acquire all assets of Velocity Freight Transport, the supply chain operator announced July The acquisition of Plano, Texas-based Velocity allows Geodis to expand its freight brokerage capabilities and
Singapore retains top spot as International Shipping Centre for 8th consecutive year
SINGAPORE : Singapore kept its position as the world’s top shipping hub on the 2021 Xinhua-Baltic International Shipping Centre Development (ISCD) Index for the 8th consecutive year. The Republic was followed by London, Shanghai,
Yang Ming eyeing ULCV league with newbuildings
Yang Ming is reportedly planning to join the current newbuilding “arms race”, as it seems to be involved in orders of new container ships, while the company’s last orders were back in 2018. The
New Fortress to Build Sri Lanka’s First LNG Terminal
Sri Lanka will receive its first natural gas terminal providing a source of fuel for the country’s power plants under a framework agreement signed with energy infrastructure company New Fortress Energy. The terminal which
Long Beach sees container volumes growth in June
CALIFORNIA : The Port of Long Beach (POLB) has seen a growth of 20.3% in total container volumes of June, compared to the same month last year, handling 724,297TEU. In particular, imports increased by
Top technology trends Freight Forwarders can expect to see shortly
For decades, speedy innovations have been hard to come by for the freight forwarding industry that has always played a crucial role in the economy. But digital disruptions brought by newer players in recent
Skyrocketing Containership Rates Draw EU Scrutiny
By Aoife White (Bloomberg) Container shipping’s surging rates are getting scrutiny by the European Union, adding to a U.S. call for more competition among shipping alliances. The European Commission “is closely monitoring the shipping industry”