News

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OOCL hikes south east Asia-Oz rate US$200/TEU September 1

HONG KONG's Orient Overseas Container Line (OOCL) has announced a rate increase of US$200 per TEU ($400/FEU) for Australia-bound cargo from Singapore, Thailand, Indonesia, Vietnam, Cambodia, Philippines, the Indian subcontinent, Myanmar and Middle East starting September 1.

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Vietnamese logistics firms losing domestically

Foreign sea freight logistics companies, which account for only 3-4 per cent of the number of companies operating in the sector in Vietnam, are handling more than 80 per cent of the country’s imports and exports, Mr. Do Xuan Quang, Chairman of the Vietnam Logistics Association, told a press conference on August 3 on Logistics Roads to ASEAN +6 after the AEC.

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Logistics firms must cut costs in order to compete

With the trend towards deeper integration, Vietnamese firms in logistics and supply chain management need to become more competitive to stay afloat, according to the Viet Nam Logistics Association.

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A hub at the Horn

The importance of maritime links is growing in East Africa, especially for landlocked states. The port of Djibouti on the Bab-el-Mandeb strait is set to invest nigh-on USD 900 million in eight new terminals by 2017. Rail links to Addis Ababa in the hinterland have already been reestablished.

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The money is available

A study published by Eyefortransport and entitled «Logistics M & A Activity 1 / 2014 – 6 / 2015» has concluded that buyers select more carefully, but then invest more. Companies pursue a range of strategies to attain their ends.

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Uruguayan connection for shipping company

The French group CMA CGM has legalized its cooperation agreement with Godilco, a Uruguayan logistics company, through its subsidiary CMA CGM Log which was created in 2001. The pact is for 24 months and can be renewed.

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Flash bigger in Spain

A new office in Barcelona (Spain) was recently inaugurated by Flash Europe International, a logistics company headquartered in Luxembourg.

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Helm changeover at Hansa Meyer

Henrique Wohltmann is taking over the management of Hansa Meyer Transport as planned, when the realignment and strategy programmes, headed by the former managing director Jürn Schmidt, are completed. The change is taking place on 1 September 2015.

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FedEx to raise freight rates

FedEx will increase its shipping rates by an average of 3.9 percent on March 31, the company announced Monday.

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Motorola Solutions Foundation Contributes Toward Public Safety in Vietnam

Motorola Solutions Inc. (MSI) today, through the charitable arm of the company, Motorola Solutions Foundation, announced contributions totaling 949.5 million VND (US$45,000) to two organizations in Vietnam with the aim of enhancing public safety and recognizing the sacrifice and dedication of brave first responders across the country.