Freight News
Ocean freight rates for cargo moving under contracts on the major East-West trade routes saw another reduction in the last quarter of 2015, according to Drewry’s Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight rates.
The Drewry Benchmarking Club Contract Rate Index, based on Trans Pacific and Asia-Europe contract freight rate data provided confidentially by shippers, declined by 5% between August and ...
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ASEAN companies are gaining traction as the region grows. According to Nikkei Asian Review magazine, 44 ASEAN companies boasted a market capitalization of US$10 billion or more in 2014, up from 34 in 2010. The dominating sectors are finance, communications, real estate, oil and gas, ...
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Crowley Maritime Corp.’s liner services group is ringing in the new year with a $25.5 million investment in new cargo carrying equipment. The units, all of which are built to Crowley's specialized structural and security standards, will include 325, 20-foot chassis; 500, 45-foot (102-inch wide) dry ...
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Crowley Maritime Corp. recently awarded Thomas B. Crowley Sr. Memorial Scholarships to four seniors studying at the University of Washington's (UW) Michael G. Foster School of Business. The students, Joshua Banks, Kainen Bell, Maninder Grewal and Xuan Liao, were each chosen to receive a $2,500 ...
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Kerry Logistics opened its first IT Development Centre in Penang, Malaysia on January 4, to harness internet technology in support of its rapidly growing international operations.
The opening ceremony was officiated by The Rt. Honourable Mr Lim Guan Eng, Chief Minister of Penang and The Honourable ...
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Lehigh University in Pennsylvania is offering a comprehensive Supply Chain Certificate Program. The Spring 2016 program commences on February 9 with a course taught by Robert Trent, Ph.D. on how to achieve supply management excellence and the expanding role played by supply managers toward achieving ...
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The largest container ship ever to call at a North American port arrived at the Port of Los Angeles on Saturday, December 26. Launched by the French shipping line CMA CGM on December 10, the CMA CGM Benjamin Franklin is 1,300 feet long, 177 feet wide and ...
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The Port of Oakland has launched a new toll-free telephone hotline, Web site live chat, and office hours in East and West Oakland. This new outreach program called, “Meet the Port” provides the public access and engagement with the Port.
“Our hotline, live chat, and office ...
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Just in time for the holidays, Holt Logistics Corp. and the Philadelphia Regional Port Authority (PRPA) announced they have secured new shipping service to the Packer Avenue Marine Terminal in South Philadelphia that will link directly with burgeoning port operations on the Gulf of Mexico. ...
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Olya Lebedyeva has been appointed vice president, Business Development at SEKO Logistics to help spearhead its growth into new markets through the recruitment of more Strategic Partners in the United States.
Strategic Partners can be existing independent companies looking to join an innovative company or individuals ...
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