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Evergreen to buy 6,000 new reefers

Evergreen Marine Corporation is reported to have ordered 6,000 new reefer containers from the Chinese manufacturers, Guangdong Fuwa Equipment Manufacturing (Fuwa), according to the Taiwan Stock Exchange Inc. & Taipei Exchange. The cost of the supposed acquisition will be US$39.975 million. Fuwa which is said to be the builder of the new reefer units is […]

Bangladesh makes GPS tracker mandatory to stop cargo theft at highways

The Bangladesh government has made mandatory use of a global positioning system (GPS) tracker in covered vans aiming to prevent theft of cargos on roads. The decision was taken on 12 July after the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) alleged that export goods are theft from covered vans while they are on the […]

DP World to buy Imperial Logistics for US$890 million

The UAE-based global port operator, DP World has made an offer to the African-focused logistics solutions provider, Imperial Logistics, to acquire all outstanding shares of the company for US$4.6 per share, which translates to a total of US$890 million. The potential acquisition will enhance DP World’s capabilities, particularly in Africa, building on its infrastructure of […]

Maersk persists in Iranian-owned containers ban

Maersk has announced it will continue not to accept any Iranian-owned containers on its vessels, applying potential fines and penalties in such cases, in a decision which is effective from 2020. “Potential fines and penalties apply to all parties, including you, who facilitate the transit of Iranian-owned containers,” highlighted the Danish carrier, which noted that Iranian […]

Port congestion: don’t you dare blame the dockers!

“Dockers never stopped,” highlighted Terje Samuelsen, European Transport Workers’ Federation (ETF) Dockers Section Chair, and Berardina Tommasi, ETF Policy Officer for Dockers. The Covid-19 pandemic showed the vital importance of dockers to our society. Dockers have a key role in the supply chain – without port workers, the essential goods and medical supplies would have […]

2M Alliance announces blank sailing in Shanghai

2M Alliance of Maersk Line and Mediterranean Shipping Company (MSC) will implement a blank sailing in its AE55/Griffin service due to the current challenging market situation generating global port congestion and schedule delays across the supply chain. “These accumulated delays are currently causing gaps with the line-up and resulted in Asia departures been spread apart […]