M&A radar: All of a sudden, a deal spike – Japan leads

Uh-oh. Ah. Eh? Hurrah! Just in case you have missed the latest. With transport and logistics (T&L) having frantically ‘enjoyed’ fewer ups than downs since last autumn, due to shaky financial markets, deal-making is back on the menu, it seems. Finally? Indeed, taking and/or trying to take over listed assets that, in most cases, struggle…

Misdeclared Li-Ion battery shipments a rising threat to shipping

The increasing prevalence of lithium-ion (Li-Ion) batteries being carried on containerships amid rising misdeclarations is a major concern for marine insurers, experts say. According to a recent Allianz Global Corporate & Specialty (AGCS) report, misdeclared cargo has been implicated in a number of near-miss incidents recently, with false declarations including labelling them as ‘computer parts’. In…

Shippers set to benefit from Nhava Sheva dedicated freight corridors

Shippers and supply chain stakeholders at India’s Jawaharlal Nehru Port Authority (JNPA)/Nhava Sheva Port could soon see their cargo move faster, thanks to significant rail improvements. The country’s busy container handler has begun to marshal the infrastructure necessary to integrate its operations with the much-awaited national Dedicated Freight Corridor (DFC), expected to connect Nhava Sheva…

Market update shows US truckload sector having a bumpy ride

The US truckload market is giving operators and clients a bumpy ride – and they are facing volatility for the remainder of the year. According to the latest market update by transport and logistics network provider Transplace, recent months saw a steep drop in spot rates and volumes. Truckload spot rates plummeted 30 cents a mile…

US container imports up 7% in April as coastal shift continues

The seven-week Covid lockdown in Shanghai, prompting carriers to blank a third of export sailings on the Asia-Europe and transpacific tradelanes, is creating a lull in May import volumes through US west coast ports. Moreover, the coastal shift by shippers from the west coast to east ports appears to be gaining fresh momentum ahead of…

EU Parliament set to vote on Fit for 55 package to fight climate change

The European Parliament’s Committee on Environment, Public Health and Food Safety (ENVI) is tomorrow (17 May) expected to approve the Fit for 55 package that will reduce EU carbon emissions to 55% of 1990 levels by 2030. Once the committee has approved six packages, which includes aviation and shipping joining the EU Emissions Trading System…

Why ocean shippers need more than just tracking

The Covid-19 Pandemic exposed how vulnerable supply chains are to disruptions. During the latter half of 2020 and all throughout 2021, ports all over the world became bottlenecks in the flow of global supply chains as a surge in imports to meet housebound consumer demand overwhelmed terminal operations. Vessels were forced to wait offshore for…

XPO Logistics considers sale of freight forwarding unit

BLOOMBERG reports: XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with knowledge of the matter. The unit could be valued in a deal at $400 million to $600 million, said one of the people, who asked not to be identified because they weren’t…

Saudia operates world’s longest net-positive flight with CarbonClick

PRESS RELEASE SAUDIA, the national flag carrier of the Kingdom of Saudi Arabia, operated the world’s longest net positive flight thanks to a partnership with Enviro-tech business CarbonClick and aviation consultancy SimpliFlying. On 12 May 2022, SAUDIA offset a total of 346 tonnes of carbon emissions, including radiative forcing impacts by a factor of two,…

One-third of foreign workers look set to leave China this summer

Foreign firms in China are bracing for a “mass exodus” of staff this summer, due to the country’s excessive Covid restrictions and lockdowns. A flash survey by the German Chamber of Commerce in China shows nearly one-third of foreign employees plan to leave, with 10% aiming to do so before their current employment contract ends.…