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Global Logistics: Page 155

APL Logistics Opens Consolidation Center in Vietnam

APL Logistics has opened a new consolidation center in Ho Chi Minh City, Vietnam.

Port of Oakland Plans Terminal Operations on Saturdays

The Port of Oakland, in an effort to relieve weekday congestion, will initiate Saturday gate operations at four of its container terminals.

Container Port Growth Prompts Terminal Operators to Invest in Additional Capacity

Rising global container port demand and ever larger vessels are driving terminal operators to make significant investments in additional capacity, according to the Global Container Terminal Operators Annual Report 2015 published by global shipping consultancy Drewry.

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Kuehne & Nagel Wraps Up Acquisition of ReTrans

The Kuehne & Nagel Group has completed its acquisition of 100 percent of the shares of ReTrans Inc., a U.S.-based provider of multimodal transportation services.

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On-time Performance of Container Lines Drops in Three East-West Trades

Breaking a run of six consecutive months of improvement, container service reliability across the three main East-West trades declined in July, falling by 4.0 percentage points from June to 73.3 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

Port Logistics Group Opens Operations in Savannah

Port Logistics Group, a provider of gateway logistics services, has opened operations in Savannah, Ga.

Freight Rates in Ocean Transport of Liquefied Natural Gas Come Under Pressure

LNG carrier freight rates have come under severe pressure due to rising fleet supply and stabilising LNG demand, as Japan prepares to restart its nuclear power plants. Despite the general market belief that new LNG supply from Australian projects will provide ample employment to the growing fleet, there are immediate challenges on freight rates. This is due to 49 million tonnes per annum (mtpa) of Australian LNG cargo supply expected to hit the market over the next two years, according to the newly launched LNG Forecaster report published by global shipping consultancy Drewry.

Over Next Two Years, Growth in Crude Oil Tanker Capacity to Affect Rates

A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.

Hermes Expands Parcel Business in Russia Through Acquisition

Hermes, operator of a parcel shop network in Europe, has strengthened its presence in Russia through acquisition of the 49-percent share in Hermes-DPD Russia that was previously held by DPD.

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Emerging Nations May Slow Growth in Global Airfreight Market

Even as North America is getting up to speed economically, a cyclical slowdown in emerging markets is squelching the prospects for significant advances in the global airfreight market, according to the Airports Council International half-year report. The council also predicted limited global growth for the remainder of 2015. Airfreight volume worldwide grew in June at 2.1 percent, year-over-year, with domestic traffic increasing 4.8 percent, yet international freight volume only increased 0.9 percent.

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Chemical Tanker Shipping Market Strong Enough to Utilize New Vessel Deliveries

The chemical tanker shipping market has been strongly supported by specialised trades and clean petroleum products (CPP) demand during the second quarter of the year. Although many newbuildings were delivered, the market has been able to absorb the extra tonnage, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.

Geodis Acquires OHL, to Rebrand U.S. Logistics Company

French logistics giant Geodis says it is acquiring OHL, the U.S-based third-party logistics services provider formerly known as Osburn-Hessey Logistics for an undisclosed amount.

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