PSA International (PSA) and SATS, a ground-handling and inflight catering service provider for Singapore’s airport, have agreed to collaborate on boosting Singapore’s status as a key multimodal transport hub.
Cosco Shipping Ports (CSP) has signed an investment agreement with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau to develop a port supply chain platform and warehousing business.
Cloud-based provider of networked supply chain solutions E2open is acquiring container shipping back end fulfilment company INTTRA.
Work has begun on building Europe’s largest butane river tankers at VEKA shipyard in the Netherlands.
AP Moller – Maersk is splitting Damco in two integrating its supply chain business into Maersk Line with its freight forwarding business remaining under the Damco brand.
Contecon Guayaquil SA (CGSA), the Ecuadorian unit of International Container Terminal Services Inc (ICTSI), has moved beyond just its core operations of moving goods through the port, and has also taken the lead in uniting stakeholders throughout the supply chain of Ecuador’s key commodities exporters.
Dubai government investment arm Investment Corporation of Dubai has launched supply chain logistics-focussed unit ISS Global Forwarding, as part of a strategic directive by the government to separate Inchcape Shipping Services Holding, into two standalone companies.
Cosco Shipping Ports (CSP) warned of a “year full of challenges” in its first half 2018 results, even as it produced good results for the period, with overall throughput rising 27% to 56.7m teu driven by sustained economic growth, increase in trade volume and increased calls from the OCEAN Alliance, as well contributions from its acquisitions and relatively lesser impact from the Sino-US trade frictions.
CMA CGM is pushing the envelope in boosting customer satisfaction with the launch of its connected containers product TRAXENS by CMA CGM.