Novigo, a provider of consulting services for SAP supply-chain execution applications, is launching Asia-Pacific operations, with Brisbane, Australia serving as its regional headquarters.
President Obama's decision to reject the Keystone XL pipeline could come with a heavy side of tank cars. Canadian energy companies need about a dozen crude-laden trains each day to replace the volume of oil that could have been transported through KXL.
CaroTrans, a non-vessel operating common carrier and ocean freight consolidator, has launched 11 new, direct less-than-containerload (LCL) import services between China and the U.S.
Amber Road, a provider of global trade management solutions, says its proprietary process for collecting, translating, interpreting and updating country-specific trade regulations has achieved ISO 9001:2008 recertification.
Sedex, a provider of services to aid buyers and suppliers in fashioning responsible and ethical supply chains, has launched Sedex Advance, a new sourcing platform.
Vessel operating costs are expected to rise in both 2015 and 2016, according to the latest survey by international accountant and shipping consultant Moore Stephens. Crew wages, repairs and maintenance, and drydocking are the cost categories likely to increase most significantly over that period.
The European road freight market grew by 2.9 percent in 2014, but markets there have distinctly different dynamics in both supply and demand, which means no single, cohesive European road freight market exists.
LNG shipping freight rates continue to be under pressure from weak Asian demand and a growing fleet. Shipowners are now pinning hopes on a revival in European demand. However, European LNG demand growth will not be sufficient to raise freight rates, according to the newly launched LNG Forecaster report published by global shipping consultancy Drewry.
A fleet commander in the Indonesian Navy has said that about 90 percent of piracy cases in the Malacca Strait area turn out to be bogus claims related to insurance fraud or business competition.