Port of Liverpool’s container division to commence redundancy consultations
Following a “sustained and significant deterioration” in container volumes at the port, the Port of Liverpool will commence redundancy consultations with workers in its container sector. Given the current economic background, the port’s management stated the decision was “extremely regrettable but unavoidable,” adding that “where possible, every effort will be made to redeploy affected staff to alternative […]
Port of Oakland cargo volumes drop 15% in August
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Cargo volumes at the Port of Oakland fell 15% YoY to 179,161 TEUs in August as demand from retailers, manufacturers and other shippers slowed down. “This trend began in late 2021 and it appears that shippers still […]
Sars and business working to resolve vessel detention
The SA Revenue Service (Sars) and the Department of Transport are engaging with business to resolve the customs-related issue that led to the detention of five vessels involved in bunkering operations off the Coast of Algoa Bay. Maritime Business Chamber (MBC) chairperson Unathi Sonti said the chamber had written to President Cyril Ramaphosa to highlight […]
SITC International spends over US$100 million buying ships and containers from associate
SITC International Holdings, the holding company of Hong Kong-based intra-Asia carrier SITC Container Lines, said on 21 September that it will spend over US$100 million to buy five existing ships and two newbuildings from an associated company. The associate, SITC Investment, is a British Virgin Islands-incorporated entity owned by SITC Maritime Group, a China-registered private […]
Hershey’s first chief technology officer is an Amazon veteran
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Hershey named Deepak Bhatia as its first chief technology officer and newest member of its executive committee. Bhatia, who starts in his new role on Oct. 23, previously was the vice president of supply chain optimization technologies […]
Africa needs skills and infrastructure to grow trade
Africa needs to confront its stifling non-trade barriers, and countries must home-grow or import skills if they want to develop and raise the level of intra-continental trade and reap the benefits of the African Continental Free Trade Area (AfCFTA). That’s according to economist and Gordon Institute of Business Science (Gibs) research fellow, Francois Fouche, speaking […]
HMM to become minority owner of Polaris Shipping
South Korea’s flagship box line HMM is set to become a minor shareholder in compatriot shipping outfit Polaris Shipping, which focuses on operating very large ore carriers. HMM and state-backed ship finance institution Korea Ocean Business Corporation are participating as financial investors in Woori Private Equity Asset Management (Woori PE), a private equity fund headed […]
FedEx gains volume from UPS labor talks, Yellow bankruptcy in Q1
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: FedEx gained new volume and customers last quarter due to the UPS labor negotiations and Yellow’s bankruptcy, executives said on an earnings call Wednesday. FedEx’s Ground and Express units added about 400,000 in average daily package […]
SARS detains vessels involved in fuel bunkering
The South African Revenue Service (Sars) has confirmed the detention of five vessels involved in the fuel bunkering supply chain as a result of its investigations into the activities off the coast of the country. Sars said in a statement on Wednesday that it had been engaging with the fuel industry to encourage compliance with […]
ABB to power Samskip’s new hydrogen-fuelled container ships
ABB will deliver a comprehensive power distribution system for two newbuild short-sea container ships of the global logistics company Samskip Group headquartered in Rotterdam, Netherlands. In particular, the vessels will be among the world’s first of their kind to use hydrogen as a fuel. The order was booked in the second quarter of 2023, but […]
