Qatar Airways will expedite the launch of new routes in response to the ongoing blockade by Saudi Arabia and other Arabian Gulf and North African countries, the carriers CEO, Akbar al Baker, told Bloomberg earlier this week.
As a whole, the state of California is a diverse, exciting
place to call home – and no city exemplifies that better than San Francisco. As
the cultural, commercial, and financial center of the Northern California
region, this thriving city has a unique vibe that stands out among major
Container shipping companies have benefited from a modest increase in freight rates since the start of the year, but a sustainable recovery in the container market will only be achieved by reaching a viable supply/demand balance through capacity cuts, Fitch Ratings says.
Rolls-Royce and global towage operator Svitzer have demonstrated what is believed to be the worlds first remotely operated commercial vessel, Svitzer Hermod, in Copenhagen, Denmark, Rolls-Royce said Tuesday.
Chinas Cosco Shipping may be about to announce that it is to acquire Hong Kong-based carrier OOCL. An insider source has told The Loadstar a takeover of the container arm of Tung family-led Orient Overseas International (OOIL) is almost a done deal.
Global port operator APM Terminals has unveiled a plan to cut 160 positions at its facility in Gothenburg, Sweden. The decision follows several labour disruptions that led to a drop in container volumes at the terminal by 25% last year. Discussions relating to the proposed layoffs are expected to be completed within the next few months.
The Argentine government on Tuesday ordered striking workers who have halted exports from the shipping hub of Rosario for nearly a week to suspend their stoppage for 15 days and return to the negotiating table. However, a union spokesman said Tuesday evening that workers had not received any official notification and for now the strike would continue.
Global supply chains have never been more complex and difficult to manage than they are today. In fact, the traditional linear model that the term supply chain describes doesnt accurately reflect the fact that it has been replaced by a nonlinear network of multiple parties. Parties that are scattered across the globe working together to move goods from one location to another within a specific timeframe. This presents both opportunities and major headaches for medium-sized 3PLs and forwarders.
The launch of WannaCry, a strain of leaked National Security Agency ransomware, affected more than 300,000 computer users in more than 150 countries in May. The attack which operated by encrypting a computers data, then demanding a payment of $300 in bitcoins under the threat of deleting all files has since been labeled one of the largest operations of its kind in the internets history.