Dry bulk shipping rates hit $80,000 per day as buyers scramble for coal
Yet another sign of stress for energy supplies and global supply chains: Spot rates for large dry cargo ships just topped $80,000 per day for the first time since 2009, and freight derivatives for
Freight future needs certainty on planning
A “tsunami of freight” has flowed through Australia’s ports and supply chains throughout the Covid-19 pandemic period, but supply chain experts warn future efficiency gains will be dependent on greater infrastructure connectivity and national
Scan Global Logistics acquires New Zealand freight forwarder Orbis Global Logistics
Scan Global Logistics (SGL) has signed an agreement to acquire New Zealand Freight Forwarder Orbis Global Logistics Limited. Orbis will become the newest member of the SGL family on 5 October. SGL and Orbis
“We have to deal with a tough situation!” : Aditi Rasquinha
The situation in Ocean Freight in the logistics industry is tough at the moment as the industry experience capacity challenges in both Air and Ocean Freight. At the same time, there is a shortage
DB Schenker rejects DSV comments in an internal memo: No grounds for a hostile takeover
BERLIN : DSV’s stated interest in talking to DB Schenker about a possible acquisition, if the opportunity emerges, now makes the German freight forwarder’s Board of Management take action and inform its employees, that
Walmart charters ships to ensure freight capacity, inventory for peak season
Dive Brief: Walmart is chartering ships to ensure it has enough freight capacity to meet demand for peak season, executives said on the company’s earnings call Tuesday. The decision came amid a lack of capacity in
Deutsche Post DHL Group to acquire ocean freight forwarding expert J.F. Hillebrand Group
BONN : Deutsche Post DHL Group (“DPDHL”) has signed an agreement to acquire up to 100% of J.F. Hillebrand Group AG (“Hillebrand”) and its subsidiaries at an equity value of around €1.5 billion. Hillebrand
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