Shipping News
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Egypt : Valeo’s acquisition of Paynas
Dr. Rania Al-Mashat,Egyptian Minister of International Cooperation, witnessed the acquisition of a 100% stake by Value Buy Now Pay Later (BNPL) from PayNas, which specializes in employee management services, which provides a range of financial services for small, medium and micro companies. (MSME), and PayNas is among the list of…
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Mohamed Fouad writes: Egypt becomes the largest “HUB” in the region
By : Mohamed Fouad International expert on logistics and supply chains CIPS English University Twenty years of experience in the seaports sector in Africa and the Middle East We are all proudly watching the great effort made by the Egyptian state to develop the maritime transport sector and advance all…
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PORT OF LOS ANGELES BREAKS ANOTHER CARGO RECORD IN JULY
New Milestones Reached Five of Seven Months; Trucking Challenges Outlined by Harbor Trucking Association CEO The Port of Los Angeles processed an estimated 935,345 Twenty-Foot Equivalent Units (TEUs) in July, outpacing the previous record set in 2019 by 2.5%. The Port has set monthly records in five of seven months…
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ALS win Komatsu logistics award
Abnormal Load Services (ALS) was chosen by Komatsu UK’s (KUK) senior management team as Indirect Supplier of the Year 2021 “due to the company’s performance over the past year and how they have supported Komatsu”. Andrew Civil – ALS’ General Manager for High and Heavy attended the event, receiving the…
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Launching the “Customs Guide for Import and Export” in Egypt to facilitate investors
Dr. Mohamed Maait, ُEgyptian Minister of Finance, reviewed the efforts to develop customs awareness among workers and dealers with customs, explaining that the issuance and publication of the new version of the “Customs Guide to Import and Export” contributes to facilitating investors, as it includes all legislative and procedural updates…
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JAXPORT named the top port in the nation by Logistics Management magazine readers
The Jacksonville Port Authority (JAXPORT) has been voted the top port in the nation for value and the top port on the East Coast for overall customer satisfaction by readers of Logistics Management magazine. Subscribers to the magazine represent some of the top cargo decision-makers in the transportation and logistics…
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Xeneta real-time container rates update: week 33
South American spot rate gap set to narrow as shippers take advantage of lower Far East to West Coast rates The latest ocean freight rate data from Xeneta reveals that spot rates are currently USD 3 700 more expensive for shipping 40’ containers from the Far East to the South American…
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Drewry : Reefer container freight rates stabilising but to outpace dry box pricing
Reefer container freight rates across global trades rose over 50% in the year to 2Q22, matching gains made in dry cargo pricing, and are estimated to increase further in 3Q22, outpacing dry box rates. But some stabilisation is already underway on some reefer trades and this is expected to be…
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China-Italy freight continues: almost $ 200 less in the last week
The rates for sending a 40 ‘container on the route are down by 2% to $ 8,587 The decline in freight rates for container transport by sea continues without interruption, including on the Shanghai – Genoa trade. After arriving last week at an average price of $ 8,779 for sending…
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A.P. Moller – Maersk engages in green bio-methanol partnership with Debo
Copenhagen, Denmark – Following the announcement of six strategic green methanol partnerships across the globe earlier this year, A.P. Moller – Maersk (Maersk) adds a seventh methanol partnership with Chinese bioenergy enterprise Debo on the quest to boost global production capacity. The parties have signed a Letter of Intent covering…
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