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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


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’


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


Half of Hanjin Boxships Denied Port Access

A Hanjin Containership at Sea (Credit: Hanjin)

Of 98 container ships, 44 blocked from ports. U.S. firms take legal action over unpaid bills. Roughly half of Hanjin Shipping Co Ltd's container vessels have been blocked from ports since the South Korean firm's collapse, putting manufacturers and their customers increasingly on edge about the fate of cargo and spikes in freight costs. Woes for world's seventh-largest container shipper have only deepened since its banks withdrew support and it filed for court receivership this week


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


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

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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


DHL Says Ocean Freight Rates at Turning Point

© dbvirago / Adobe Stock

Demand for ocean and air freight has been better than expected this year, with increasing volumes and rates finally improving after years in the doldrums, executives from freight forwarding company DHL, part of Deutsche Post DHL Group, said.


Drivers of Logistics Industry

Keynote speaker Dr. Detleft Trefzger, CEO  Kuehne + Nagel International AG, and member of  member of the International Maritime Centre (IMC) 2030 Advisory Committee, speaking on the topic “Driving Forces of the Logistics Industry” at the 11th Singapore Maritime Lecture. Photo: Maritime and Port Authority of Singapore

 The end consumer who has ever-changing needs and will be the ultimate driver of all activities of the logistics industry, said Dr Detleft Trefzger, Chief Executive Officer of global freight forwarding and logistics giant Kuehne + Nagel International AG.  


Eimskip Gets Finance Deal for New Container Vessels

Photo: Eimskip

Eimskip has secured 80% financing of the contract price of the vessels with a 15 year tenor in Euros taken upon delivery.    The lender is the German bank KfW IPEX-Bank GmbH. The loan is secured by China Export & Credit Insurance Corporation (Sinosure).  


Baltic Exchange Mulls New Freight Indexes for Grains, LNG

© sarymsakov / Adobe Stock

The Baltic Exchange is looking into launching freight indexes for grains and liquefied natural gas (LNG) as the London-run business targets new markets after its acquisition by Singapore Exchange last year, the Baltic's chief executive said.  


Maersk to Split Into Two Divisions

Photo: Maersk Line

 It's oficial now. Danish conglomerate A.P. Moeller-Maersk A/S said Thursday it is splitting into two separate units - transport and energy businesses.   Denmark’s biggest company moves ahead with an historic shake-up of the conglomerate to generate growth


Freight Futures Market Avoids Tougher EU Information Disclosures

The European Union's securities markets regulator has dropped proposals to make participants in the multi-billion dollar commodity derivatives market for freight rates disclose knowledge of loading conditions, the Baltic Exchange said.  


Eimskip to Acquire Nor Lines

(Photo: Eimskip)

Eimskip has entered into an agreement to acquire the Norwegian shipping and logistics company Nor Lines. The business, with about 200 employees and an estimated annual turnover of approximately EUR 110 million, will be restructured in order to be aligned with Eimskip’s current operations in


Industry to Prevent Shipping of Counterfeit Goods

Brand owners and representatives from the international shipping industry have joined forces in signing an historic declaration of intent aimed at preventing the maritime transport of counterfeit goods. Leaders from global shipping firms, freight forwarders


Sino-Global Shipping Enters Agreement With COSCO

Image: Sino Global

 Sino-Global Shipping America, a non-asset based global shipping and freight logistic integrated solution provider,  has announced the signing of an Inland Transportation Agreement  with COSCO Beijing International Freight Co in which COSFRE Beijing will utilize the Company's


Chakraborty Appointed Branch Manager, GAC Bangalore

Mukesh Chakraborty Photo GAC

GAC Shipping (India) Pvt Ltd has appointed Mukesh Chakraborty as the Branch Manager, Logistics Services for its Bangalore office. Mukesh brings 13 years of experience in freight forwarding, customs clearance, transportation and warehousing and distribution to his new role.


Kapellskär Port adds two quay-berths

Photo Port of Kapellskär

An important milestone has been reached at the Port of Kapellskär, now that all five quay-berths are in operation at this state-of-the-art port. The Port of Kapellskär has been expanded and now has two piers and a total of five modern quay-berths


Boxship Firms Sign up with Alibaba

File Image: A CMA CGM boxship condusting cargo operations alongside (CREDIT: Marad)

Two container shipping lines, France's CMA CGM and Israel's Zim, have signed up with Alibaba to allow customers to book space on their vessels through the Chinese e-commerce giant, in a bid to boost sales as the sector battles a severe downturn.  


Senate's Green Signal to Caribbean Maritime University

Photo: Caribbean Maritime Institute (Official Page)

 The Caribbean Maritime Institute (CMI) will now gain university status, following the passage of legislation in both Houses of Parliament to effect this.   Not a single senator opposed the bill to make way for the Caribbean Maritime Institute Act


MOL Invests in PKT Logistics

One Logistics Hub in Shah Alam, Malaysia owned and operated by PKT Logistics Group. Photo: Mitsui O.S.K. Lines

 Mitsui O.S.K. Lines has announced that it acquired 20.9% share in PKT Logistics Group (PKT), a leading Malaysian logistics company.   PKT provides end-to-end logistics solutions comprising freight forwarding, customs brokerage, contract logistics, haulage, distribution and others


Acquisition of Nor Lines Rejected

Photo: Nor Lines

 The Norwegian Competition Authority has today rejected Eimskip’s acquisition of the Norwegian shipping and logistics company Nor Lines AS. The result of this decision is that Eimskip is not allowed to acquire Nor Lines.   The potential acquisition of Nor Lines was not taken into






 
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