Marine link

Freight Forwarding

CMA CGM Acquires Stake in LCL Logistix

The CMA CGM Group informs it has taken a strategic stake in the 25-years old Indian logistics company LCL Logistix, via the group’s freight forwarding and logistics solutions subsidiary CMA CGM LOG.    CMA CGM LOG said it reinforces its position in India and will leverage LCL Logistix’s Indian network as well as its presence in Canada, in the United States and in East Africa to accelerate its development. Thanks to this strategic stake, CMA CGM LOG expands both its product offering and its geographic coverage, including in emerging countries where logistics solutions demand is high.   Created in 2001, CMA CGM LOG is the CMA CGM Group’s subsidiary specialized in freight forwarding and logistics solutions. Its 500 experts offer logistics solutions that are complementary to maritime services in 32 countries, including air freight, multimodal transport, custom clearance, warehousing and distribution. After a sustained growth in 2014 and the opening of offices in six new countries, CMA CGM LOG accelerates its development in 2015.   LCL Logistix is a freight forwarding company in India based in Mumbai. LCL revenues amounted to circa $120 million for the fiscal year 2014. Present across India, LCL Logistix also operates three CFS in strategic locations: in Nhava Sheva, where CMA CGM has vessels calling, in Haldia (West Bengal) and in Pipavav (Gujarat)

Inchcape Teams Up With Palumbo

Jan-Hein Dissel, Andrea Palumbo: Photo credit Inchcape

Maritime services provider Inchcape Shipping Services signs strategic partnership with offshore logistics & freight forwarder Palumbo S.P.A. to form ISS Palumbo. S.r.l. The new partnership combines ISS’s worldwide network with Palumbo’s core capabilities in providing offshore project logistics and freight forwarding solutions and enables ISS Palumbo S.r.l. to offer a unique global combination of agency

Kim Pedersen Promoted at Geodis Wilson

Kim Pedersen: Photo credit Geodis Wilson

Kim Pedersen, 47, has been appointed Executive Vice President of Geodis Wilson, heading up the Freight Forwarding Division. “In Kim Pedersen we have a person at the top of our freight forwarding activities who brings the capabilities, the experience and most importantly the right mindset to lead this important business unit of Geodis further into areas of strong and sustainable growth on a global scale”, says Marie Christine Lombard, CEO of Geodis.

Baltic Exchange, LCH.Clearnet in Ship Tie-Up

London's Baltic Exchange and clearing house LCH.Clearnet are in talks about a tie-up over the Baltic's freight derivatives platform, the two groups said on Friday. Volumes have remained low on the loss-making Baltex multilateral trading facility since it started in June 2011. It is the first central electronic marketplace for freight forward agreements (FFA). "We are finalising arrangements with LCH.Clearnet, which clears about 70 percent of the dry bulk FFA market

Philip Brown appointed UK Managing Director for SBS Worldwide

Philip Brown, UK Managing Director

Philip Brown, who has worked in the logistics and freight forwarding industry for over 20 years, has been appointed UK Managing Director for SBS Worldwide.   Steve Walker , Group Chairman said ‘  This completes  our senior management appointments that will see our change from an A2B forwarder to a Supply Chain driven model, with Phil’s expertise allied with our consultative brand Virtualized Logistics leading the drive’

Sinotrans Group Joins CGLN

WCA Family announced that the whole of the Sinotrans Group of companies has joined CGLN. The Sinotrans Group is one of the oldest established freight forwarding companies in China and operates under the auspices of the Ministry of Commerce; the Group consists of over 24,000 employees operating at over 235 offices throughout the country, with 98 owned-operated vessels, owner-operated terminals, 56 own container yards and over 335 warehouse locations

GFI Group Conducts First "Matching" on EnergyMatch Europe Platform


GFI Group Inc. has conducted the first matching* of dry freight forward freight agreements “FFAs” trades on its premier electronic platform EnergyMatch Europe. EnergyMatch Europe is GFI Group’s electronic trading platform for energy and commodities and the market leader for the trading of Dry Freight FFAs. The screen allows for trading in co-mingled markets (co-mingling is the ability to clear trades with different clearing houses) and provides customers with the choice of

TT Club Spots Innovation Trend in Logistics Sector

Insurance specialist in the global freight industry, TT Club, sees proliferation in technological capabilities & tailored supply chain processes. A long-term supporter of the British International Freight Association (BIFA) Awards, TT Club sponsored the 2012 European Logistics Award.  TT Club’s Development Director for UK and Ireland, Brian Sullivan was part of the judging panel that employed a stringent vetting process to find the winner, Delamode International Logistics

Koch to Receive “2006 Person of the Year” Honor

The NY/NJ Foreign Freight Forwarders and Brokers Association announced that Christopher Koch, president and CEO of the World Shipping Council, will be honored as “2006 Person of the Year” at their annual dinner to be held in New York on January 25, 2006. This recognition is given to someone who demonstrates commitment, contribution and achievement in the international trade, transportation and logistics arena. “We are most pleased to have Mr. Koch as our 2006 honoree,” said Stewart B

Fratelli Cosulich Celebrates 150 Years in Shipping

Fratelli Cosulich is celebrating 150 years in shipping during 2007. The Euro600m turnover global group began as a shipowner in 1857 and today has diversified interests in shipowning, liner, tramp, yacht and cruise agency, ship management, bunkering, freight forwarding and NVOCC, travel agency, trading and IT. The group employs about 350 people in six offices in Italy and 10 offices abroad. There are subsidiary companies

A Great Passion for Small Ships

Gottfried Knöbel shows his miniature of the Hamburg Express, Hapag-Lloyds flagship (Photo: Hapag-Lloyd)

Gottfried Knöbel owns almost 1,500 miniature model ships, many of them are Hapag-Lloyd ships. How did he end up with this collection?   In a quiet residential district in Cologne, hundreds of kilometers from the sea, Gottfried Knöbel opens the door of his house to reveal an

Multimodal Freight Bill Introduced in US Senate

Cantwell, Booker, Murray, Markey introduce freight investment legislation aiming to eliminate chokepoints at critical highway, rail, port and intermodal facilities to support economic growth, and reduce the impact of freight movement on communities  

Baltic Exchange Eyes Move into Commodities

Baltex reaches breakeven level since start of 2015; Baltic previously faced broker opposition over platform. London's Baltic Exchange is studying a potential foray into commodities and is open to proposals on tie-ups as other exchanges attempt to boost volumes, its chief executive said.

Panalpina Acquires Egyptian Agent Afifi

Photo: Panalpina

Switzerland-based supply chain solutions provider Panalpina is to acquire its Egyptian agent Afifi, a family-owned company specializing in freight forwarding, customs clearance and logistics. The move is an important step in Panalpina’s continued strategic expansion in growth economies

CMA CGM in Cuba Deal


 CMA CGM Group will work with Cuban company Almacenes Universales SA to run a logistics complex serving the Port of Mariel, giving a boost to the island’s effort to make itself a transshipment hub.   CMA CGM, the world’s No

Kestrel Liner Agencies, SSL Extend Logistics Cooperation

Scandinavian Shipping & Logistics appointed as agent for Scandinavia and the Baltics by Kestrel Liner Agencies /Tropical Shipping   Scandinavian Shipping & Logistics (SSL) and Kestrel Liner Agencies / Tropical Shipping have agreed to extend their cooperation to Estonia

Seminar Highlights Freight Liability in Russia

Kevin King

International freight insurer TT Club convened a special seminar at the recent conference on transport and logistics, Trans Russia in Moscow.  Lead by TT Club’s General Manager, EMEA, Kevin King and Kirill Berezov from the insurer’s long-established Russian network partner

AAPA Supports 'Move America Act'

Kurt Nagle (Photo: AAPA)

'Move America Act of 2015' would help fund landside improvements to U.S. ports -APPA   The American Association of Port Authorities (AAPA)—the unified and recognized voice of seaports in the Americas—publicly voiced support for the bi-partisan Move America Act of 2015

XPO to Acquire Norbert Dentressangle

Photo: XPO Logistics, Inc

 American corporation XPO Logistics, led by multi-millionaire Bradley Jacobs, agreed to acquire French transport services and global logistics solutions provider Norbert Dentressangle, led by multi-millionaire Norbert Dentressangle, for US$3.53 billion including debt, according to Bloomberg.

CMA CGM Acquires India's LCL Logistix

CMA CGM has acquired a 60 percent stake in India's LCL Logistix as it tries to expand in freight forwarding services, the French shipping group said on Wednesday. CMA CGM, the world's third-largest container shipping firm, did not disclose the price of the deal to buy Mumbai-based LCL Logistix

E-Procurement Streamlined via the Cloud

Joseph E. Royce, CEO of MPS, aims to enhance the purchasing cycle via its cloud-based Direct Connect  e-procurement trading platform.

Marine Procurement Solutions (MPS) has built an electronic platform that aims to enhance the purchasing cycle for the maritime industry. MPS provides software, consultancy services and other customized solutions through its Direct Connect e-procurement trading platform that is designed to unite

ISS Sets base in Mozambique

Courtesy ISS

  Inchcape Shipping Services (ISS), the world-leading marine, cargo and supply chain solutions provider, has expanded its operations in Africa with the opening of new offices in Maputo, Mozambique which provide coverage across all of the country’s main ports from Pemba in the north

Investment Now Means Continued Prosperity in the Future

(Photo: United States Department of Transportation)

Our transportation network consists of different modes like roads, railroads, ship channels and ports. But when it comes to transporting food, building materials, bulk commodities, items used in manufacturing and finished products, each of those modes must be firing on all cylinders and in sync

Danish-Swedish Port Boosts Rail Freight

Photo: CMP

Copenhagen Malmö Port (CMP) has engaged in a new collaboration to increase freight traffic by train to and from Northern Harbour. The new train service starts from the Netherlands and serves Malmö three times a week.   Freight traffic by rail will now increase in Malmö and

NOL Sells APL Logistics to Kintetsu

Courtesy APL Logistics

  Neptune Orient Lines (NOL) has sold APL Logistics (APLL) to Kintetsu World Express (KWE) for $1.2 billion in a stunning deal that gives the Singapore-listed group a net gain of more than $900 million. The KWE Group considers the establishment of a management base that can compete on a

rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright