China State Shipbuilding Corporation (CSSC) has welcomed the rapid growth of its exclusive marine equipment service platform, CSSC Marine Service (CMS), during its first twelve months of trading.

DP World is broadening its logistics base with the EUR660m  ($763.8m) acquisition of the Unifeeder Group from Nordic Capital Fund VIII and certain minority shareholders.

DP World is building up its logistics capabilities, signing a 20-year concession with an automatic 20-year extension with Mali to build and operate a 1,000-hectare modern logistics hub outside Bamako, the capital and largest city of Mali.

Toll Group has opened a new SGD228m ($166.8m) logistics hub in Singapore close to the upcoming Tuas Port.

Kuehne + Nagel has won a three-year logistics and supply chain contract from Malaysian national oil company Petronas.

DP World has announced the successful closing of the acquisition of Cosmos Agencia Marítima (CAM) in Peru which also bring 50% stake in Terminales Portuários Euroandinos in the Port of Paita. Cosmos Agencia Maritima is one of the largest logistics companies on Latin America.

Following a major restructuring of its business AP Moller – Maersk was $220m in the red in Q1 for its continuing operations while discontinued operations racked up a healthy $2.98bn profit boosted by the sale of Maersk Oil.

Leading container line CMA CGM will grow its presence in the logistics sector with the acquisition of a nearly 25% stake in CEVA Logistics for between CHF380m ($391m) to CHF450m.

OpenPort, the digital logistics platform that uses blockchain technology to transform domestic distribution in emerging markets, today announced the launch of the Open Enterprise Logistics (OEL) Foundation, a non-profit organization open to enterprises in the supply chain and logistics industry.

The business of shipping is archaic and urgently needs to be modernised if it wants to keep up with the rapid developments taking place in the rest of the world, said Transas ceo Frank Coles at the recent Transas Global Conference.

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