DB Schenker calls for temperance in purchase speculations
DB Schenker urges temperance in the discussion regarding a sale after DSV stated plainly on Monday that the logistics company views DB Schenker as a possible acquisition candidate. “DSV’s hunger for acquisitions is well
MOL and DSME succeed in Demonstration test of “Cryo-Powered Regas” System for FSRU- Reducing FSRU CO2 emissions by 50% –
TOKYO : Mitsui O.S.K. Lines, Ltd. (MOL; head office:; President & CEO: Takeshi Hashimoto) and Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME; head office: Geoje, Korea; President & CEO: Sung Geun Lee) have
SpiceJet to pursue separate AOC for cargo unit
NEW DELHI : Minister of Civil Aviation VK Singh has said that SpiceXpress & Logistics, the cargo division of SpiceJet (SG, Delhi Int’l), is among four companies that have applied for no-objection certificates to launch scheduled air
California congestion nears New High, East Coast gridlock worsens
CALIFORNIA : It’s only mid-August — the early days of peak shipping season — but the record for container ships anchored off California is already on the verge of being broken. Port congestion is
DSV Panalpina A/S completes DKK 30.2 billion acquisition of Global Integrated Logistics from Agility
DENMARK : The expected completion of the acquisition of GIL marks an important milestone on the growth journey for DSV. Within transport and logistics, size is critical and with the acquisition of Agility, DSV
Agility finalizes sale of Global Integrated Logistics (GIL) Business to DSV Panalpina
KUWAIT : Agility, a leader in supply chain services, innovation and investment, announced that it expects to complete the sale of its Global Integrated Logistics (GIL) business to DSV Panalpina A/S (“DSV”) on Monday.
Hapag-Lloyd suspends India – Bangladesh bookings
HAMBURG : The German carrier, Hapag-Lloyd has announced it will temporarily stop accepting bookings from/to Krishnapatnam in India to/from Chittagong in Bangladesh with immediate effect and until further notice. The Hamburg-based container line said
Afghanistan situation to impact trade with India: Exporters
NEW DELHI : With Kabul falling into the hands of the Taliban, bilateral trade between Afghanistan and India will get impacted significantly in these uncertain times, according to exporters. Federation of Indian Export Organisations