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Global Logistics: Page 156
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.
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.
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.
CEVA Logistics Launches Home Delivery Service Center
CEVA Logistics has launched a Home Delivery Service Center in Houston.
AMI Launches Ex-Works Service for Forwarders in India
Air Menzies International Inc., a trade-only airfreight and express wholesaler, has launched a service to help forwarders in India improve the arrival times of their customers' imports.
Quality Barcode Printing Is Vital to Successful Supply Chains
Barcodes are indispensable for the exchange of vital data. It's time we recognized the important contribution that barcode printers make to the success of a company's supply chain – and to its bottom line.
Transportation, Logistics Company Merger Deals Heat Up in Second Quarter 2015
A rash of "mega-deals" during the second quarter of 2015 have made transportation and logistics one of the hottest mergers and acquisitions sectors, boosting the average deal value to $564m, according to a recent study by PricewaterhouseCoopers.
Quite Aside From Unmanned Aerial Vehicles - What About Drone Cargo Ships?
Drone ships may be the next generation of shipping. Rolls Royce recently launched a $7.2m autonomous ship project intended to pave the way for drone vessels.
Imports Expected to Top Those at U.S. Ports This Time Last Year
Import cargo volume at the nation's major retail container ports is expected to increase 3.6 percent this month over the same time last year as retailers begin to bring in merchandise for the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. Imports for the year are expected to be up 4.2 percent over 2014.
Egypt Opens Expanded Suez Canal, Hopes to Double Number of Ships Transiting Daily
Just one year after its announcement, Egypt's expanded Suez Canal is open for business. Egyptian President Abdel Fattah El-Sisi led the inauguration ceremony, which was attended by several Middle Eastern and European world leaders. The publicly-funded expansion cost about $8.5bn.
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