Multi-faceted shipping group Fratelli Cosulich has expanded its freight forwarding business by opening an office in Dublin, Ireland. The move follows fast growth in its freight forwarding and NVOCC operations which operate from bases in Heathrow, Felixstowe, Izmir, Istanbul, New York, Shenzen and now Dublin. Fratelli Cosulich will move freight of all types by road, sea and air and expects its Dublin office to have balanced import and export traffic. The Dublin office details are: Fratelli Cosulich (Ireland) Pte 68 Applewood Village Swords County Dublin
Business Unit to Now Offer Project Logistics and Global Freight Management Services to New Industries and more Geographic Locations. Crowley Maritime Corporation announced today that its recently acquired Houston-based, freight forwarding, export packing and logistics company, Jarvis International Freight, Inc., will transition into the company as a new branch of Crowley Logistics, offering project logistics and global freight management services to a wider array of industries and in more
Ocean Group Plc has agreed to merge with rival NFC Plc to form a $4.4 billion logistics group with the world's second highest revenues. To be known as Exel Plc, it will have pro forma revenues of more than $5.6 billion. It will also have the scale and global reach to harness runaway growth in freight handling driven by e-commerce. Ocean will offer .28 new shares for each NFC share and "new Exel" - NFC is changing its name to Exel this month - will be around 50 percent-owned by each company's
U.S. maritime shippers, carriers and port operators will have far-reaching access to Vietnamâ€™s rapidly expanding markets for transportation services, thanks to a new agreement signed today by U.S. Maritime Administrator Sean T. Connaughton and Vuong Dinh Lam, Vietnamâ€™s national maritime administration chairman. Under the terms of the new agreement, U.S. companies may acquire a controlling 51 percent share in joint venture enterprises, such as partnering arrangements between U.S
Clarence Bothelo has been appointed as Ships Spares Logistics (SSL) Manager in the Customer Services Department at Wilhelmsen Ships Service for the Africa, Middle East and Black Sea (AMB) regions. Located at the company’s Dubai, UAE office, Clarence is responsible for driving the sales of Wilhelmsen Ships Service’s SSL offer in the AMB region and for building SSL expertise in Customer Services. Ships Spares Logistics is a service offered by Wilhelmsen Ships Service which
China COSCO Holdings Co. Ltd, the country's largest shipper, indicates a profit turnaround in 2013 after suffering heavy losses for two consecutive years, reports Xinhau. According to COSCO's earlier, 2013, financial report, the Shanghai-listed company made cutting operational costs a major task for 2013. The Group carried out various measures to overcome the difficulties, including the disposal of its interest in COSCO Logistics and COSCO Container Industries and stringent cost control.
Pilot Freight Services, a worldwide provider of transportation and logistics services, report revenue up 12.5% Pilot Freight Services announce reported revenue of $126.5 million for the second quarter, ending June 30, 2012. This marks a 12.5 percent increase over the same period in 2011 and a continued strengthening in the momentum of ten consecutive quarters of revenue growth. Pilot Freight Services, Inc. is a full-service transportation and logistics provider with over 75 locations
Damco announce continued good progress moving into the second half of 2012 despite tough conditions in the global freight markets. Damco is part of the A.P. Moller - Maersk Group, and specializes in customised freight forwarding and supply chain solutions. Damco’s net revenue grew by 12% to 1,543 USD million compared to the same period last year. Gross profit is up 5% to USD 379 million. Damco´s EBIT for the first half of 2012 grew 42% to USD 51 million.
Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don't know if the business will see Christmas, because of Russia's new ban on European food imports. The firm based in Kotka, on the Gulf of Finland opposite Saint Petersburg, was using its 12 refrigerated trucks to ship 80 loads a month of Finnish milk products to Russia. But the ban on imports of dairy products, fruit, vegetables, meat
Customs brokerage and trade compliance advisors, Livingston, say that to better reflect the company’s integral role in regulatory affairs for its clients, Livingston has appointed Candace Sider to the newly created position of Vice President, Regulatory Affairs Canada. Sider will be responsible for developing and implementing government affairs strategy, as well as the overall management of Livingston’s political engagement with federal and provincial officials
Rickmers-Linie, the Hamburg-based liner carrier for break bulk, heavy lifts and project cargoes has again been chosen by Kirow for the transportation of railway cranes from Hamburg to Xingang. The shipment in August marked the continuation of a long-standing relationship between the two companies
Automotive shipping and logistics provider Giga Maritime Group (GMG) has announced plans to invest in new IT infrastructure, the expansion and replacement of fleets, assets and vehicles as well as developing new car terminals, in an effort to hone the group's competitive edge and meet the demands
Carrying 95 percent of U.S. foreign trade, our maritime transportation system, which includes America’s ports, is a crucial component of our nation’s economy. And with our growing population—and the associated need to increase the amount of freight our transportation network
The more than 25,000 miles of navigable Great Lakes, rivers, and waterways that make up America’s Marine Highway System are – and will remain – a key economic asset. Our nation’s marine highway routes and the tugs and barges that ply those marine highways help alleviate
Inchcape Shipping Services (ISS) has secured a further nomination from one of their key accounts to support their operations in Sub-Saharan Africa. Building on other recent successes in the region, ISS announced commencement last month of an offshore logistics and support contract for
China’s Ministry of Finance and State Administration of Taxation released Circular 106 last December, expanding its value-added tax (VAT) pilot program to additional industries. The circular also made significant updates to the VAT treatment of services related to the international
Scandinavian Shipping & Logistics and Kestrel Liner Agencies are now working in partnership to offer a full range of logistics services between Scandinavia and the Caribbean and Latin America. Kestrel Liner Agencies has appointed Scandinavian Shipping & Logistics (SSL)
The A.P. Moller – Maersk Group has received a permanent license to operate container business activities in Myanmar. The business will encompass the three brands Maersk Line, MCC Transport and Safmarine and the agency in Yangon will be officially opened in May 2014.
Deutsche Post expects its DHL forwarding business to be granted immunity from prosecution and fines by Singapore antitrust authorities, who are investigating 11 companies for alleged price fixing, the German logistics company said.
London's Baltic Exchange and clearing house LCH.Clearnet are in talks about a tie-up over the Baltic's freight derivatives platform, the two groups said on Friday. Volumes have remained low on the loss-making Baltex multilateral trading facility since it started in June 2011
Leading gas & oil company, Total E&P, has appointed GAC South Africa to provide shipping and logistics support for its drilling project off the coast of South Africa, which started in June this year. Total E&P is one of the first companies to drill for oil & gas in the
GAC says it has moved Claus Schensema to Houston, Texas, where he will take up the post of Managing Director of GAC North America Logistics. Schensema brings 25 years’ experience in shipping and logistics to his new role as GAC North America Logistics’ Managing Director
GAC, a global provider of integrated shipping, logistics and marine services, has moved Claus Schensema, its previous Managing Director in Shanghai, China, to Houston, Texas, to take the helm of GAC North America Logistics. Schensema brings 25 years’ experience in shipping and logistics
Toronto-headquartered Livingston International says it has acquired New York-based FPA Customs Brokers, Inc. “We look forward to welcoming the FPA team and their clients into the Livingston family,” said Livingston CEO Steven C. Preston.
A container shipping organisation urged companies on Monday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU), corresponding to an increase of 14.2 percent from current levels, from Sept. 1. TSA (Transpacific Stabilization Agreement) said the planned increase follows