Middle East contract logistics market to sustain 6.9 percent average growth to reach over USD 3.7 billion in 2015; Barloworld Logistics intensifies growth plans in Middle East, anchored on integrated smart supply chain solutions. Barloworld Logistics, a provider of logistics and supply chain management solutions, has announced that it is intensifying its growth plans in the Middle East as the region’s contract logistics services market expects to sustain a 6.9 per cent compound annual growth rate (CAGR) from 2011 to 2015, according to a study by Transport Intelligence. The UAE, Qatar and the Kingdom of Saudi Arabia will remain key growth catalysts for the contract logistics market in the Middle East, which is expected to reach a value of around USD 3.7 billion in 2015, increasing from USD 3 billion in 2011. Barloworld Logistics predicts that market conditions will continue to improve in light of the projected positive growth rates for the region. This growth is compounded by the growing awareness of the strategic benefits of outsourced logistics solutions such as substantial cost savings, decreased cycle times, improved product and service quality, and enhanced customer satisfaction, which are acting as multipliers to the expected economic growth. The company will focus on delivering integrated smart supply chain solutions in the region
CargoSphere, cloud-based global rate management solution and confidential Rate Mesh network for the ocean and air transportation and logistics industries, has announced the completion of Blu Logistics’ integration with CargoSphere’s freight rate management solution. Blu Logistics, a global logistics company offering sea and air freight services, customs brokerage, ground transportation, and warehousing, previously outsourced freight rate and contract management
One of the conclusions of the Shippers’ Voice seminar discussing Portcentric Logistics Solutions at the Multimodal 2009 exhibition was that now maybe even the best time for shippers to reassess their logistics patterns and structure. Nick Lindsay, General Manager LM Logistics Group, told delegates that “this is the time to think as far outside the box as you want and you’ll find the solution.” His Felixstowe-based company, originally built on container haulage
Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, acquired Infodis B.V., a Netherlands-based provider of software-as-a-service (SaaS) transportation management solutions. Infodis provides a rich, functional transportation management network-based solution that handles specific European logistics requirements. The solution manages both inbound and outbound purchased transportation for more than 5 million shipments
Acquisition of Seattle-based warehousing and transportation provider adds Northwest Gateway to Port Logistics Group's national footprint. Port Logistics Group , a provider of gateway logistics services, today announced that it has completed the acquisition of Pacific Distribution Services, a regional warehousing and transportation provider serving the ports of Seattle and Tacoma. The acquisition adds 600
TOTE Logistics Inc. parent company of Carlile Transportation Systems announced several new company positions. John Armstrong – Carlile, Vice President, Logistics John Armstrong has accepted the Vice President, Logistics position for Carlile Transportation Systems, Inc. John joins Carlile from sister company Alta Logistics, where he was the Director of Logistics. John has leadership, operations and logistical supply chain management experience
Rio de Janeiro, 26 September 2011 – GAC is strengthening its logistics and oil & gas services in Latin America, with the announcement of two new appointments at GAC Brazil. With effect from 1 October, 2011, Monica Chaves is appointed as Oil & Gas and Logistics Manager based in Rio de Janeiro. Monica will drive overall logistics sales and expand product portfolios further to better penetrate the region’s oil & gas sector
CEVA Logistics, one of the world’s leading global supply chain management companies, today announced the official opening of the City of Energy in the United Arab Emirates. The hub, which covers an area of 27,000 sqm of warehouse space and 10,000 sqm of yard space, is strategically located in Jebel Ali Free Zone in Dubai and is fully dedicated to the warehousing and handling of oil and gas products for the Energy sector.
Hoofddorp, the Netherlands, 27 April, 2015 – CEVA Logistics, one of the world's leading supply chain companies, today announced the appointment of two senior executives with deep sector-specific operations expertise to further drive its customer-focused Contract Logistics strategy. In its Contract Logistics business line, CEVA has established an industry sector and solutions approach led by industry operations experts in Automotive, Industrial, Technology, Consumer and Retail
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. Dentressangle will sell the 67 percent of his family’s ownership in the company for €217.50 (US$240.58) per share
Tomorrow 23rd June international law firm Hill Dickinson LLP will be holding its UK Ports Conference focusing on ‘The Future of UK Ports: changing regulation, shipping trend updates and new opportunities in the supply chain’.
Contship Italia Group has received a Life Time Achievement Award for Cecilia Eckelmann-Battistello, President of the Group and member of the board of Eurokai GmbH & Co. KgaA, the majority shareholder of Contship Italia SpA. The award has been bestowed during the 2015 Containerisation
China Ocean Shipbuilding Industry Group (COSIG) with its unit, China Ocean LNG has bought a 47% stake in Jiangxi Petrochina Kunlun Gas (Jiangxi Gas) for a total of ($6.2m), according to a stock market statement. The Chinese yard noted the benefits of investing in Jiangxi Gas
Sif and Verbrugge to build terminal for offshore wind energy on Maasvlakte 2 Sif Group, Verbrugge International and the Port of Rotterdam Authority have signed an agreement in principle for the construction of a production and storage/handling terminal in Rotterdam
Huntington Ingalls Industries (HII) announced that its Newport News Shipbuilding division has increased its indoor material storage capacity by more than 500,000 square feet with the addition of new warehouse space in the West Park Warehouse Complex in Hampton.
Over $750 million worth of fuel oil traded 1st week of June. Trading frenzy leads to record price swing. Major commodity houses are betting against each other on the direction of fuel oil in Singapore, the world's largest market for shipping fuel
Norwegian consulting firm Menon has named Singapore as the world's leading maritime city, according to a Menon Business Economics Group survey. Singapore ranks first based on its business friendly policies, and strategic location on the trade route between Europe and Asia.
Stolt-Nielsen Limited and Golar LNG Limited have formed a 50/50 joint venture to pursue opportunities in small-scale LNG production and distribution, the companies announced today. Stolt-Nielsen Limited has invested in Golar LNG through open-market purchases
Anthony Chiarello, Matthew J. Cox and James C. McKenna named 2015 USS Admiral of the Ocean Sea Award recipients The United Seamen's Service (USS) 2015 Admiral of the Ocean Sea Awards (AOTOS) will be presented to Anthony Chiarello, President and CEO of TOTE; Matthew J
Danish shipping group A.P. Moller-Maersk said on Friday its APM Terminals unit would together with partners invest $1.5 billion to upgrade its Tema port terminal in Ghana and add 3.5 million TEUs in annual throughput capacity. Partners are Bollore Africa Logistics and the Ghana Ports and
Over 216 million cubic meters of water-saturated sand have been removed so far as part of the Suez Canal Development Project, said Head of the Suez Canal Authority Mohab Mamish. This represents about 84 percent of the total cubic meters that should be dredged as part of the project
Sharjah-based ports operator Gulftainer has opened Canaveral Cargo Terminal at Port Canaveral in Florida in the US for business. Gulftainer, a subsidiary of UAE-based conglomerate Crescent Enterprises, said the opening comes one year after Canaveral Port Authority signed a 35-year
Archer Daniels Midland Company (ADM) and Norton Lilly International announced that their steamship agency joint venture, Agri Port Services LLC, has acquired Brazilian port and shipping agency Blue Ocean Agencia Maritima Ltda. ADM was previously a part owner in Blue Ocean.
The CMA CGM Group has announced that starting June 16, a call in the South Turkish port of Iskenderun will be added to the Group’s Bosphorus Express Line (BEX). The CMA CGM Group adapts its offer to its clients’ needs and introduces a unique service between Asia and
Trade Connect, the Port of Los Angeles’ award-winning export education outreach program, formally debuted its new website, LATradeConnect.org, at today’s Los Angeles Board of Harbor Commissioners Meeting. “Trade Connect plays a vital role in strengthening our