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FedEx suspends some Sunday deliveries – unlikely to appease angry contractors

FedEx Ground says it is scrapping a number of its Sunday deliveries in the US, but will the move ease contractor anger over falling profits? Source

What You Don’t See: Behind the Scenes at Plasencia Cigars

The Plasencias have a reputation for making some of the world’s best cigars, but do you understand how they achieved that status? Source

Carriers ‘must commit to berthing windows’ as N Europe ports see volumes fall

North European hub ports of Rotterdam and Antwerp-Bruges handled fewer containers in the first half of this year compared with H1 2021, but extended dwell times meant that yard density and terminal congestion increased significantly. Source

Premier Manufacturing’s New Packaging for 1839 Cigarettes

Premier Manufacturing, a subsidiary of US Tobacco Cooperative, reveals a new package design for its 1839 cigarette brand. Source

Dirty Shirley Wins the NAFT Award, Presented by Dongle

The Dirty Shirley drink, a nonalcoholic cocktail spiked with vodka, joins the NAFT Hall of Fame after being nominated by Espresso Martini. Source

SM Line chief eyes IPO revival by 2024 – but no ambitions to acquire HMM

South Korean liner operator SM Line has decided to invest its excess funds in its larger compatriot rival HMM. Source

Peter James Co. Releases New Cigar Blends

Peter James Co., the longtime maker of premium cigar accessories such as leather carrying cases and lighters, is releasing its own premium cigar blends. Source

A New Era for the Old-Fashioned

In celebration of Elijah Craig Old-Fashioned Week®, four bartenders share how they put their personal stamp on the classic cocktail. Source

Ripples from Black Sea shipping crisis hitting regional supply chains

Increasingly complex supply chains have been made more complex by Russia’s invasion of Ukraine in February, which disrupted the country’s logistics industry and caused a ripple effect throughout regional container markets. Ukrainian Black Sea and Azov Sea ports shut down shortly after the invasion, and Russian naval forces blocked Ukrainian facilities, threatening to attack any…

DFDS boosts Irish expansion with takeover of Lucey Transport Logistics

Bolt-on deal: Denmark's DFDS has bought Ireland's Lucey Transport Logistics, acquires 70 trailers, 240 staff, 38,000sq metres warehousing Source

Analysis: Exceptional DSV summits beat peak Kuehne

Mean, lean machine DSV delivered, unsurprisingly, strong Q2 22 numbers as it keeps targeting its own stock rather than going for any other target, it emerged today from its interims and a follow-up call with analysts. (It’s investing more heavily, in fact, in its own stock via a Dkr7bn… yes, about $980m… share buyback programme…

Coca-Cola gets a taste for cheaper inland waterway service in India

Coca-Cola is among the first shippers to benefit from an inland waterway container service for India-Bangladesh cross-border trade.  Source

Truckers end port of Oakland protest blockade over AB5 law – for now

Cargo is finally flowing again through the port of Oakland after a blockade by truckers had paralysed freight traffic. Source

K+N targets SMEs for growth as it celebrates ‘another outstanding quarter’

Kuehne + Nagel saw its profits soar by 79% in Q2 as it celebrated “another outstanding quarter” and remained bullish about outlook. Source

Exclusive: AF-KLM looks set to take commercial control of CMA CGM Air Cargo

Air France-KLM is set to take full commercial control of CMA CGM Air Cargo – but has only until December 1 to form a full cargo agreement. Source

SA’s Wall Street Breakfast: Earnings on rush

SEEKING ALPHA‘s Wall Street Breakfast daily is now out: In arguably the most important week for Wall Street this summer, with the Fed decision and GDP on tap, earnings could actually end up determining direction. There are 175 S&P 500 (SP500) (SPY) companies set to report Q2 results, including 12 Dow (DJI) (DIA) components. Big names…

The Best Mezcals Under $50

The 5 best mezcal brands under $50 for sipping and mixing into cocktail recipes, plus a crash course in the spirit. Source

Supply chain radar: The final days of the final mile

The chickens are finally coming home to roost. As the start-up era of “Get Big Fast” (AKA “growth through any means”) draws to a close, the inevitable WeWork-style commercial hangover begins. Currently, it is the final mile delivery companies that are being culled. You know – the ones who would take over the world, with…

OceanX radar: Ker-ching! for Yildirim; Saadé vs France; party time at Matson

Straight to the podium today: 1) Gold Medal: goes to Robert Yildirim for his smart investment in CMA CGM back in the post-financial crisis dark days of box shipping…. Last week’s interview with the JOC – in which he estimates the value of his shares in CMA CGM (24%) as worth $22bn – shows it…

Covid outbreak discovered on ONE ship in Busan

Several crew members on ONE Competence, an 8,110 teu ship operated by THE Alliance, tested positive for Covid-19 while the ship was at berth in Busan last week. ONE Competence, which plies the transpacific trades to the US west coast, had entered the HMM PSA Pusan Newport Terminal last Monday, according to vessel-tracking data, and…

SMEs join sourcing shift away from China as Covid policy dents confidence

The production shift from China to South-east Asia is accelerating – now “even SMEs” are searching for alternative supply chains in the face of China’s restrictive Covid policies. According to Hong Kong-based digital wholesale marketplace Peeba, while the world is likely to see record Covid cases this winter, this is unlikely to lead to more…

Rising costs and late crops take big bite out of fruit air exports

Despite lockdowns and restricted airfreight capacity, Chinese consumers have not lost their appetite for North American cherries. But, imports are well below previous years’ levels. Source

Forwarders and shippers want EC to urgently review liner block exemption

Ten shipper and forwarder organisations have urged the European Commission (EC) to bring forward the review of the Consortia Block Exemption Regulation (CBER). Source

Gloomy outlook for container freight market as rates continue to fall

A deteriorating picture of the container freight market outlook is painted by the Maritime Strategies International’s (MSI) July Horizon report. The analysts say they continue to expect container markets to “run out of steam” in the third quarter, with “a sharper drop-off in Q4 as the unwinding supply chain disruptions and cooling consumer demand drive…

Solving the Identity Crisis

How FTx Identity is changing the face of age verification technology for the tobacco industry. Source

The Watermelon Drink Is Built to Please

9 cocktail recipes that show that the watermelon drink can take many forms, from a Margarita to a spritz to a punch and more. Source

Indian exporters face more blank sailings on Europe services

Indian shippers are seeing no real respite from ongoing vessel schedule disruptions, particularly on connections to Europe.   Source

PCA and Boutique Cigar Association of America Announce Partnership

The Premium Cigar Association and Boutique Cigar Association of America announce new partnership to support one another and unify the industry. Source

Rescue Your Rinds

An easy recipe to use in a pineapple or watermelon drink, ideal for tropical cocktails, highballs and more. Source

SA: Walmart shares fall ~ 8% after hours as US-retail giant cuts profit outlook for Q2, FY

SEEKING ALPHA reports: – Shares of Walmart (NYSE:WMT) fell 8.2% after hours on Monday as the U.S.-retail giant lowered its profit outlook for Q2 and FY 2023. – The company said its operating margin was now expected to be about 4.2% for Q2 and 3.8% to 3.9% for FY 2023. – The guidance cut was “primarily due to…

Snapshot: Neumann’s NOYTECH born out of Kuehne + Nagel Russia & CIS

Just less than five months since the Russia-Ukraine war began, Swiss forwarder Kuehne + Nagel has completed the sale of its operation in Russia and the Commonwealth of Independent States. The deal’s value is undisclosed. As previously flagged in our Premium coverage last month (read this) the acquirer is led by a Kuehne + Nagel…

Against the odds: Dressed to KILL – DHL or Mærsk, or both?

If anybody can ever lead supply chain via the creation of a true end-to-end powerhouse in transport and logistics, that one star player is Germany’s DHL, not AP Møller-Mærsk (APMM). That’s one key takeaway from a lengthy conversation with LF Mastermind today, a source who, along with many others in our marketplace of late, was…

TT: Landstar reports Q2 records for revenue, earnings

Tranport Topics reports: Landstar System Inc. posted strong financial results for the second quarter — though they missed investment analysts’ expectations — and set a record for the first half. The Jacksonville, Fla.-based truckload carrier said July 20 that net income was $112.6 million, or $3.05 a diluted share, compared with $92.3 million, $2.40, during…

Airfreight rates out of Asia take a dive as demand from the west is ‘subdued’

Asian forwarders are reporting a large drop in airfreight rates, but don’t believe this is the end to elevated prices, nor a significant fall-off in demand. Source

Rich opportunities for regional cargo airlines blocked by pilot shortage

Bullish ATR forecast for regional freighters fails to take pilot shortage into account Source

M20 crash adds to freight misery at Dover, already beset by staff shortages

Freight movements in and out of Dover are facing substantive delays, which may last well into next week, amid staff shortages and a serious crash on the motorway to the Kent port. Chief executive of Port of Dover Doug Bannister said today such was the extent of the chaos that he was declaring it a…

Shipping lines begin to relax freight rules for Ukraine with ‘trusted partners’

Shipping lines handling Ukrainian cargo are beginning to loosen the terms on which freight can be transported into the country. They are reducing some of the complications of importing non-military supplies into the country, which has been at war with Russia since 24 February. Freight costs to and from Ukraine have increased as a result…

Califf Orders External Review of FDA Tobacco Regulation Office

In a recent congressional hearing, Dr. Robert Califf revealed that he had ordered an external review of the FDA's Center for Tobacco Products. Source

Our 15 Favorite Easy Shaken Cocktails

The best easy shaken cocktail recipes, from an aperitivo spin on the Daiquiri to a Trader Vic-inspired sour and more. Source

CMA CGM increases ocean freight rate discounts after government pressure

CMA CGM is to introduce even bigger discounts in ocean freight rates and broadened its scope in response to the sharp rise in inflation which is impacting the purchasing power of French households. Source

‘Lines banging on our door’ as spot rates tumble and peak season disappoints

Container spot rates from Asia to Europe and the US are coming under increased pressure as the peak season appears to be “muted” at best. Source

California refuses to back down on AB5 law, as truckers blockade port

California’s state governor, Gavin Newsom, said he “wouldn’t bow to protesters’ demands to pause the implementation of the new state law” that makes owner operators into employees. Oakland International Container Terminal and the Stevedoring Services of America (SSA), which operates Matson’s Oakland facility, have been closed to traffic, with ships anchoring outside waiting to berth.…

Korea’s Daesang buys North American 3PL Traffix in vertical move

South Korean food chaebol Daesang Corporation has acquired North American 3PL Traffix for $260m. Source

Market Insight: The state we’re in

Late last year, I predicted that 2022 would see an unprecedented level of government intervention in logistics and transportation. My hypothesis was based on the fact that several governments were approaching elections and with everyday voters not receiving their favourite products in a timely or cost-effective manner, government’s hand would be forced. As we pass…

The toxic horror chemicals that build up inside containers

Container safety has largely, and rightly, focused on the packing and stowage of cargo, its weight and the correct declaration of a shipment, hazardous or otherwise. However, as this article from Wired illustrates, even in a correctly packed, correctly declared container, a range of noxious gases can inadvertently develop during shipment, posing severe health risks…

Exporters raise a glass to ‘game-changing’ direct Asia-Scotland link

The first direct container service from Asia to Scotland is claimed to be a “game-changer” for companies that import from China, as well as for Scottish whisky, gin and spirit exporters.   A new alliance between the China Xpress service, operated by DKT Allseas and Glasgow-based liner agency KC Liner Agencies, will see the fortnightly…

How to Use Batavia Arrack in Cocktails

Riffs on the Hemingway Daiquiri, Queen's Park Swizzle and more cocktail recipes turn to the rum predecessor Batavia arrack for funky flavor. Source

Integrators beef up Indian air cargo operations amid e-commerce growth

Global airfreight/express parcel carriers are rapidly beefing up operations out of India amid expectations of sustained demand growth. Atlanta-based UPS is the latest mover.  Source

5 Corn Whiskeys to Try, Beyond Mellow Corn

5 corn whiskey bottles to try that are giving cult-favorite Mellow Corn whiskey a run for its money. Source

FIATA warns forwarders: shipping reform act offers ‘limited window’ for action 

FIATA has called for decisive action from its freight forwarder members during the “limited time window” offered by the US Ocean Shipping Reform Act (OSRA 2022), to participate in regulatory discussions for a fairer supply chain.   A position paper issued by the group details the benefits of OSRA for forwarders, in particular the “de-fanging”…

Ligentia now eyes US acquisitions as it seals deal for Poland’s VGL Solid Group

Ligentia is closer to its aim of becoming a £1bn turnover business as its acquires Poland's VGL Solid Group Source

Truckload spot prices sink below contract rates as market feels the brakes

Despite headwinds, the US trucking market continues to expand, albeit at a slower rate, the latest industry data shows. The decline in spot pricing appears to have eased, having sunk below contract rates.   The US Bank Freight Payment Index for the second quarter, released today, shows growth overall in the truckload market, with shipment…

CMA CGM French rate discount a bid to avoid threat of ‘windfall tax’?

Observers claim CMA CGM's offer to cut prices for French retailers was in fact an attempt to avoid a windfall tax on profits. Source

JOC: Once-rescued CMA CGM now ‘too big to fail’: Yildirim

JOC‘s Mark Szakonyi reports: Nearly a dozen years after rescuing CMA CGM and enjoying billions of dollars in windfall, Robert Yildirim says the Marseille-based company is now “too big to fail.” Insulated with $10 billion in net cash and diversification into logistics and air cargo, CMA CGM Group is on far higher ground than 12…

DP World’s Imperial gets approval to buy 100% stake in Africa’s J&J Group

PRESS RELEASE Dubai, UAE, 19th July, 2022: Imperial, owned by DP World, announced today that all the requirements relating to its 100% acquisition of the J&J Group have now been fulfilled. The transaction relating to the acquisition of the first tranche of shares (51%) of the J&J Group, which was announced on 29 July 2021, was closed…

Regulating Flavored Tobacco Products: What You Need to Know

The National Association of Tobacco Outlets (NATO) on what you need to know about the FDA's effort to regulate flavored tobacco products. Source

On the wires: Earnings season opens – PE, Saadé & Kuehne (and currency) rule

Q2 22 earnings season in transport and logistics (T&L) opens today with trucking/intermodal specialist JB Hunt reporting in the US after the stock market closes… … yet private-to-public sector deal-making from Europe and private-to-private M&A in Japan is set to steal the thunder as the M&A heat wave builds. And just as opportunistic investors, from…

U.S. Tobacco Cooperative Emerges from Bankruptcy

Almost a year after filing for bankruptcy protection, Raleigh, North Carolina-based U.S. Tobacco Cooperative has successfully emerged from bankruptcy. Source

All the Ways to Coconut Your Cocktail

Beyond the Piña Colada, coconut cream, water, and oil in cocktail recipes add salty-sweetness, nuttiness and tropical flavor. Source

UK ports call for expansion of freeport initiative to boost ‘levelling-up’

UK ports are urging the government to use them as the “ground zero” of its levelling-up plans, while others call for a significant expansion of the freeport strategy introduced last year. Source

General Cigar Unveils Revamped Sancho Panza Line

General Cigar Co. has unveiled a revamped version of Sancho Panza, a medium to medium-full bodied cigar blended by Justin Andrews, Matt Booth and HATSA. Source

Oil Well Old-Fashioned, Anyone?

Sangria, Sherry Cobbler and Zombie cocktails captured global attention when served at world's fairs. Here, a history of drinks at the events. Source

Container glut pushes down second-hand prices, but carriers still ordering new

Shipping lines and container lessors rushed to build new boxes in the last two years, which has resulted in an equipment glut, eroding prices Source

Logistics errors cost pharma sector $35bn a year – smarter data could help

Logistics problems cost the pharma industry about $35bn a year. Technology is viewed as a lever to bring that down, but the obstacles are massive. Source

Trade blockages ease, but recession seems to be looming, say economists

At the same time as congestion in some ports begins to ease and goods get moving once again, economic indicators reveal that demand is dropping on a level akin to that at the start of the pandemic, according to the Tradeshift Index of Global Trade Health. Source

Lufthansa Cargo sets itself ambitious targets as it moves towards ‘net zero’

Fleet modernisation, fuel efficiency measures and sustainable aviation fuels (SAF) will be key factors if Lufthansa Cargo is to achieve its bold plans for CO₂ neutrality by 2050. Source

CMA CGM exec Nicolas Sartini joins MSC to lead Bolloré acquisition

Nicolas Sartini, who left CMA CGM in November 2020 to join Yilport Holdings as co-CEO, has joined Switzerland-based carrier MSC, reportedly heading up the company’s Bolloré Group acquisition.  MSC has not confirmed the appointment, but French website Le Marin, reports that Mr Sartini has left his post in Istanbul and joined MSC.  Mr Sartini held…

Angry shippers kept in the dark by CMA CGM over Vanda cargo 

Frustrated shippers and freight forwarders have written to The Loadstar in an effort to discover what has happened to their cargo, after the French container line CMA CGM continues to obfuscate over the APL Vanda accident.  One Bangladeshi freight forwarder wrote in desperation asking if we could trace his container, while a cargo owner called…

US imports continue to flood in, but more still arriving at east coast ports

US import container volumes grew by 5.9% in June year-on-year, defying weaker consumer demand trends. Source

cargo-partner offers to buy one third of Sim Cargo

There seems to be a lot going on at cargo-partner, which is reviewing its structure following the announcement by Stefan Krauter, found and CEO, that he is to step down. The latest is that it has offered to buy one third of European road groupage network Sim Cargo, according to Air Cargo News. The deal…

A Guide to Italy’s Essential Aperitivo Bars

Aperitivo bars worth a visit in Italy, from the birthplace of the Negroni Sbagliato to more modern cafes and wine bars. Source

White House intervenes in labour dispute to prevent rail meltdown

US president Biden stepped in at the eleventh hour to avert a work stoppage that could paralyse the severely strained rail system. With the possibility of industrial action as early as today (18 July), he signed an executive order on Friday for a board of arbitrators to seek a solution to the railway contract dispute…

Bartender in Residence Lydia McLuen Takes an Analytical Approach to Cocktails

Bartender in Residence Class of 2022's Lydia McLuen creates highly polished cocktails celebrating Portland, Oregon and Japan. Source

Against the odds: Hamburg Süd by Mærsk – brand value, what value?

“Seen this before?” A fine ding came from Mr Ocean the other day, backed by one very essential attachment that may well have a few supply chain pros fuming at how once-and-still powerful, acquired shipping brands are treated. (By extension here also come, briefly, deeper ramifications as far as, more broadly, your ‘Logistics Identity’ is concerned.)…

Bartender in Residence Jef Tate Makes Culinary Cocktails His Own

Now at one of the best bars in Chicago, Jef Tate's culinary cocktail recipes take inspiration from Jamaican cooking. Source

Indonesia unveils hub port ambition for Belawan – but is it just a dream?

The Indonesian government wants to get mainline operators to call directly at Belawan, the country's busiest port outside Java. Source

Bartender in Residence Michael Aredes Isn’t Afraid to Take Risks

Bartender in Residence Class of 2022's Michael Aredes has crafted cocktail recipes featuring unlikely flavor combinations. Source

OceanX radar: The paradox of poor economic data vs bumper profits

Last week there was a lot of economic reporting. US retail numbers apparently still saw some growth in June, with a 0.3% positive surprise, while inflation at 9.1% hit a 40-year record, Europe is not much better, with inflation at 8.6% and the euro dropping to parity with the dollar for the first time in…

Bartender in Residence Paige Walwyn Reimagines Classic Cocktails

Classic cocktails and modern classics inform Chicago bartender Paige Walwyn's approach to making simple, accessible drinks. Source

Air shows give you wings, say plane-makers, with high hopes from Boeing

Where there’s an air show, there’s an optimistic prediction from aircraft manufacturers about how many aircraft will be needed. Source

Bartender in Residence Britt Fox’s Cocktails Begin With “People and Places”

At Washington, D.C.'s best bars, restaurants and distilleries, Britt Fox has developed cocktail recipes and a signature spirit-focused style. Source

Ukrainian AN-12 freighter crashes in Greece, killing eight crew

An AN-12, carrying eight people and military products, crashed in Greece on Saturday, killing all the crew. The aircraft, operated by Ukrainian airline Meridian, was on course from Serbia to Bangladesh, which had bought the military cargo. According to Aviation Herald, ground observers said the plane was on fire while still airborne. Aljazeera reported that…

A Decade of Service: Cigars for Warriors’ 10th Anniversary

In May 2022, Operation: Cigars for Warriors celebrated a major milestone, the organization’s 10th anniversary. Source

Bartender in Residence, Napier Bulanan’s Cocktails Are Inspired by Filipino Culture

Bartender in Residence Class of 2022, Napier Bulanan shares her signature Negroni Sbagliato recipe, her approach to hospitality and her favorite cocktail. Source

Double-digit slide in ocean freight rates out of India to Europe

Average contract rates of container carriers for westbound bookings from India to Europe have dropped by double digits this month from the levels reported in June.  Source

FDA Issues Warning Letters Related to Synthetic Nicotine Products

The FDA has issued its first two warning letters in response to manufacturers selling tobacco products made with synthetic nicotine. Source

Bartender in Residence Alicia Perry Makes Playful Cocktails

Bartender in Residence, Class of 2022's Alicia Perry shares her go-to cocktail order, her signature Mudslide recipe riff and more. Source

Blank sailings holding down spot rates as China to Europe space tightens

Uncertainty on Covid policy is prompting shippers to adopt a wait-and-see approach to sourcing in China, with carrier blank sailings the “only thing stopping” further rate declines. Strict lockdowns led to a dramatic drop in China’s economic growth in Q2, to 0.4%, compared with 4.8% in the first three months of the year, marking the…

FDA Announces Plan to Set Maximum Nicotine Levels

In 2022, the FDA has made significant regulatory announcements in an effort to create new tobacco product standards. Source

Bartender in Residence Arianna Hone Celebrates Indigenous Culture

The Utah bartender uses cocktails to tell stories of migration and place. Source

Carriers ‘reschedule’ schedules as German ports get back to work, temporarily

Ocean carriers are busy adjusting their networks in North Europe after a two-day ‘warning strike’ by German port workers ended on Saturday. Source

GKN Aerospace-led Dutch group to deliver €112m R&D for sustainable aviation

PRESS RELEASE ‘Luchtvaart in Transitie’ consortium brings partners in the Dutch aerospace eco-system together to collaborate on the development and industrialisation of sustainable aviation technologies Consortium has been awarded a total of €383M multi-year funding boost by the Dutch Growth fund, funding will be matched by industry investment €112M of the funding is dedicated to…

Air France-KLM and Apollo sign a €500m investment in AF engine pool

PRESS RELEASE Air France-KLM and Apollo Global Management (NYSE: APO) today announced the signing of a definitive agreement for Apollo-managed funds and entities to make a EUR 500 million investment into an ad hoc operating affiliate of Air France that will own a pool of spare engines dedicated to the airline’s Engineering and Maintenance activities. Under this…

Tobacco Asia Podcast #11

Our podcast guest is Dr. Iqbal Lambat, c.e.o. and president of Istanbul-based Star Agritech International, a medium-sized supplier of tobacco leaf and reconstituted tobacco. Source

Malaysia’s Cabinet Approves Generational Ban on Tobacco

Malaysia’s health minister, Khairy Jamaluddin, said the Cabinet approved the Tobacco and Smoking Control Bill which will prohibit the sale of cigarettes, tobacco, and vape products to anyone born after 2005. The bill will go before Parliament… Source

FDA’s Arbitrary/Capricious Premium Cigar Regulation Put on Hold

The US District Court for the District of Columbia ruled that the Food and Drug Administration’s (FDA) decision to regulate premium cigars subject to the same federal law as other tobacco products was “arbitrary and capricious.” Source

India’s Cigarette Sales Set to Surpass Pre-Pandemic Levels

Rating agency Crisil expects India’s domestic cigarette volume growth to increase 5-6% higher than pre-pandemic levels this fiscal year, even with illicit cigarettes taking away a large volume. Source

SMOORE Launches Pioneering Research Project into Nicotine Addiction

SMOORE, one of the world’s largest vape manufacturers, launched the world’s first real-time monitoring research project on nicotine addiction. Source

Vape Stance Softens in Southeast Asia

When vaping grew more popular around the world only about a decade ago, regulators in Southeast Asia’s nations were quite unsure how to handle this completely new product segment. Source

US FDA Grabs Control of Synthetic Nic Products

Previously being largely unregulated, the United States’ Food and Drug Administration (FDA) as of mid-April 2022 assumed full regulatory jurisdiction over tobacco products containing synthetic nicotine… Source

Container numbers hit 6m surplus – but beware invasive species

Container numbers hit a surplus of 6m – but industry warns of invasive species on uncleaned boxes Source

WP: China set to reveal ‘very bad’ economic picture after covid lockdowns

The Washington Post reports: FUZHOU, China — China is set to report a grim second-quarter economic performance on Friday, adding to concerns about the prospect of a global recession, after coronavirus lockdowns in major cities hobbled trade and daily life. The world’s second-largest economy may have contracted in the three months ending in June, experts…

Market Insight: Heavy freight drones ready for take off

The past two years have amply exposed a lack of resilience in the air cargo industry when faced with disruption. Restricted capacity led to extraordinarily high prices, causing most larger forwarders to secure their own capacity. So, the news that a new aircraft is being developed which lowers operating costs by 60%, and increases volumes…

Improved schedule reliability set to take pressure off reefer market

Improved schedule reliability and port congestion is set to benefit reefer container shipping, according to DHL Global Forwarding. Source

Adani Group wins $1.2bn bid for Haifa port

Adani Group wins concession for Israels' Haifa port in $1,2bn deal Source

Just Checking In on the G&T

6 easy Gin & Tonic cocktail recipe upgrades with the addition of Campari, fino sherry, cider, mint and more. Source

Integrators fail to bring back delivery guarantees

FedEx and UPS have not revived their service guarantees, and show no signs of doing so. Source

Aperitivo Was Made for Summer

A guide to celebrating the golden days of the season the Italian way with a little help from MARTINI & ROSSI®. Source

Airfreight forwarders exploited opportunities to profit – but what next?

The airfreight forwarding market could split into the ‘haves’ and the ‘have nots’, after two years of strong profits. But it is as yet unclear which of those models will profit most. Source

Take Your Aperitivo to the Tropics

Three simple cocktails that blend summer-ready flavors with the bitter template of aperitivo. Source

CMA CGM admits to a stack collapse on APL Vanda

CMA CGM has at last cleared up the mystery of the APL Vanda, finally acknowledging that the vessel suffered a stack collapse that saw 55 containers lost overboard. Source

Spot rates underpinned by congestion while demand falls

Strikes at German ports and congestion at other North European container hubs is preventing a slump in spot rates as consumer demand from Asia crumbles. Source

Telemetry and eBLs can offer a solution to misdeclared cargoes

Container shipping could be on the cusp of a new era of safety and transparency, thanks to a combination of container-telemetry devices, and electronic bills of lading (eBLs), leaving less room to hide for shippers misdeclaring their cargoes. The ability to measure changes in temperature in real time potentially overcomes one of the main problems…

Side Out, Volleyball Bar

Volleyball bars—a sporty take on the activity-driven nightlife wave—are struggling to stay open. Source

High costs said to have stymied Amazon’s Newark Liberty airport plan

High costs could have been the reason Amazon scrapped its plan to invest in Newark Liberty airport Source

12 Easy Tequila Drinks, Beyond the Classic Margarita

12 tequila drinks and cocktail recipes, from a low-proof Margarita to an agave-based Espresso Martini variation. Source

PR: Bonsai Capital acquires regional 3PL firm DC Logistics

PRESS RELEASE: JURUPA VALLEY, Calif.–(BUSINESS WIRE)–Bonsai Capital (“Bonsai”), a firm backed by a prominent group of family offices, announced today the acquisition of DC Logistics, a Third-Party Logistics (3PL) business based in the Inland Empire and focused on Less-than-Truckload (“LTL”), warehousing, and inventory management. With a search that began in March 2020, Bonsai Capital specifically…

Korea’s Party Spirit Grows Up

Soju, the Korean rice spirit, has seen a resurgence thanks to new artisanal producers offering an alternative to industrial brands like Jinro. Source

APM Terminals announces Americas organization

PRESS RELEASE  APM Terminals announces Americas organization  Regional structure aims to better serve customers and accelerate way of working operating model. Panama City, Panama and Charlotte, North Carolina – In line with the company’s Safer, Better, Bigger growth strategy, APM Terminals has announced a new regional structure to serve customers. To accelerate customer growth, improve…

Ibiza’s Answer to Chartreuse

Similar to Chartreuse, the herbal liqueur from Ibiza is homemade with rosemary, fennel, sage and more, sourced across the Spanish island. Source