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JD Logistics to buy Kuayue Express for $434m

Logistics arm of Chinese e-commerce giant JD.com is to acquire a controlling stake in Shenzhen-based courier services provider Kuayue Express in a deal valued at RMB3 billion. JD Logistics, the logist...

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Future proofing ZIM finds H1 solace in new technology and soaring profits

In preparing for a more digitalised market, Haifa-based carrier Zim has also seen the benefits of new technology for the post-Covid-19 market with investment in a digital future that will position the...

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Liner operators revamp South Korea-China-Japan service

South Korean feeder operators, Korea Marine Transport Company (KMTC Line), Namsung, Pan Continental (PanCon Line) and CK Line, will launch a joint South Korea-China-Japan service in order to improve s...

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Another Costamare scrapping comes after demolition market upturn

Hong Kong Convention compliant ship-breaking is receiving more green recycling enquiries, especially for container ships, according to a Braemar shipbroker analyst. One of the ships that has been s...

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US WC rates to top US$4,000 in September

China to US freight rates continue their dizzying bull run with some commentators predicting that the China to US West Coast prices will surpass the US$4,000-mark next month. Container spot rates b...

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Seawing kite system approved by ClassNK

Japanese shipping major K Line and Airseas, a spin-off of aerospace company Airbus, have obtained an Approval In Principle (AIP) from classification society ClassNK for ...

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DP World’s H1 profit takes a massive hit

Dubai-based port and terminal operator DP World reported a profit attributable to owners of $313 million for the first half of 2020, a decrease of 58.5 % from the last ...

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Lufthansa Cargo opens pharma facilities in Munich and Chicago

Worldwide storage capacity for temperature-sensitive freight is being massively expanded, German air cargo carrier underlines.  Lufthansa Cargo has announced the opening of facilities at Munich and C...

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UK and EU clash on road haulage as Brexit talks resume

Brussels says Britain can't expect to retain present level of access to the bloc after transition period ends at the start of next year. Britain and the European Union are facing issues over continued...

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