China International Marine Containers (Group) Co (CIMC) has penned a strategic cooperation framework agreement with Global Logistics Properties Investment Management (China) Co (GLP China) to jointly develop logistics property business.
Maersk Line is confident freight spot rates have “bottomed out” but not before pinning a $151m second quarter loss on the record low charges.
Sailing might be the most recognisable seaborne pursuit at the Rio Olympic Games but if they gave out medals for shipping, France’s CMA CGM would definitely be a contender.
Qatar Navigation (Milaha) has reported a 15% dip in net profit for the first half of 2016 on the back of pressures on its investment arm, general cargo and ro-ro businesses and the “extremely challenging” offshore market.
Offshore oil and energy firms can expect to reap 10-15% reduction in overall travel spend by combining their logistics and business travel operations, according to specialised travel services provider CWT Energy, Resources & Marine (CWT ERM).
GAC Dubai has added another arrow to its ever-expanding contract logistics quiver with the opening of a dedicated co-packing facility in the Jebel Ali Free Zone (JAFZA).
Milaha is “significantly expanding” its presence in global logistics with an agreement with DSV to become the Danish company’s exclusive agent in Qatar.
DP World has launched a new education scheme to engage 8-14 year olds in ports, trade and logistics.