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Global Logistics: Page 110

Hanjin Shipping Sells Part of Container Ship Business for $31M

South Korea's Hanjin Shipping Co Ltd said last week it decided to sell part of its container ship business to Korea Line Corp for 37bn Korean won ($31m).

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Report: Fuel Smuggling Caused Shipbreaking Blast

An official inquiry into the explosion on the scrapped FPSO Aces confirmed that the massive blast was caused by hundreds of thousands of gallons of petroleum products on board. The inquiry, as reported by local media, said that about 375,000 gallons of fuel and 425,000 gallons of lubricants were on board the vessel.

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Channel Tunnel Fundamentally Changed UK Logistics, Report Says

More than a quarter of all goods traded between the UK and Europe, worth around £91.4bn ($113.82bn) a year, come through the Channel Tunnel, a report has found. In its report, "Economic Footprint of the Channel Tunnel Fixed Link," Ernst & Young found that 30 percent of UK exports, worth £43.6bn ($54.3bn), and 22 percent of imports, worth £47.8bn ($59.53bn), to and from the EU depend on the tunnel.

Tire Industry Works Toward Global RFID Tagging Standards

A tire-industry working group led by Chinese rubber manufacturing equipment company Mesnac is striving to standardize the way in which the industry uses radio frequency identification tags. This includes how those tags are attached in tires, as well as how they are tested and encoded with data.

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What's Driving the Automotive Supply Chain?

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Pitney Bowes Forecasts Parcel Shipping Volume Increase Through 2018

Pitney Bowes, a global commerce technology company, says parcel shipping volume will grow at an annual rate of 5 to 7 percent through 2018, with cross border shipping leading the way, according to the company's Parcel Shipping Index annual report.

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UPS, FedEx Strike E-Commerce Partnership Deals

Both UPS and rival carrier FedEx have announced e-commerce partnership as they head into the busy holiday shopping season that kicks off with Cyber Weekend.

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Hanjin Shipping Receivership: Hyundai Loses Bid

South Korea's Korea Line Corp was picked as the preferred bidder to buy troubled shipping company Hanjin Shipping Asia-U.S. operations, beating Hyundai Merchant Marine, a spokesman for a Seoul court overseeing Hanjin Shipping's receivership said last week.

Forwarders Group Urges Action on Infrastructure Promises

The coming presidency of Donald Trump may still seem like a question mark across the American landscape, but at least one air cargo group is excited about one of his campaign pledges. The Airforwarders Association is holding the incoming Trump Administration to its promise to invest $1tr to rebuild the nation's public works projects, such as highways, bridges, tunnels, airports, schools and hospitals.

Blount International Gets Control of Its Logistics Spend

You can't optimize your logistics network if you don't know how much you're spending on it.

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European Parliament Clears Drone Regulations for Takeoff

Regulations to protect people from falling drones moved a little closer to takeoff at the European Parliament. Ensuring drone safety took on a new urgency last week, with GoPro's recall of its Karma drone after unexplained mid-air power failures caused a number of them to drop out of the sky.

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Millennials Set Shipping and Delivery Bar High, Survey Says

If you think customer expectations are high overall in terms of e-commerce and direct-to-customer fulfillment, take a good look at the millennial generation. Across a number of studies you see a pattern: a keen desire for the most rapid shipping method possible; free, unlimited returns; and a greater willingness to spend a bit more to get it the same day.

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