Panalpina agreed to acquire the Argentinian perishables specialist Newport Cargo S.A., subject to conditions. On Wednesday, Swiss forwarder Panalpina released news of a new deal to acquire Argentine logistics company Newport Cargo S.A. in a move that will bolster its orientation toward the growing Latin American perishables market. Newport Cargo handles 24,000
Import & Export
European shippers protest bunker surcharges
ANTWERP, BELGIUM: Oil tanker moored near an oil silo in Port of Antwerp July 9,2013 in Antwerp, Belgium. The Port of Antwerp is the Europe's second largest sea port after Rotterdam. Council’s letter asserts “unjustified” fees violate agreement to end price signaling. The European Shippers’ Council has sent a letter to European
Container shipping lines are having difficulty passing along higher fuel costs to customers
Container spot rates in retreat as 'gung-ho' carriers jockey for market share The Shanghai Containerized Freight Index (SCFI) lost a cumulative 2.8% this week as container spot rates on the transpacific and Asia-South America trades went into retreat. The SCFI’s comprehensive index is 7.2% below the level of a year ago, despite
UPS expanding LCL ocean offering
The parcel carrier and third-party logistics provider is adding direct sailings in 130 trade lanes covering Asia, Latin America, Africa, Europe, the United States, the Caribbean and the Middle East. UPS is significantly expanding its less-than-container-load (LCL) ocean freight services. The Atlanta-based parcel carrier and third-party logistics provider said in a statement
Shippers’ Council, others to sign MOU on port charges
In a bid to sanitize the Nigerian port industry, the Nigerian Shippers Council, NSC, is set to sign a Memorandum of Understanding, MOU, on port charges with foreign shipping companies operating in Nigeria and terminal operators. Disclosing this to Vanguard in Lagos yesterday, Executive Secretary of the Council, Mr. Hassan Bello
Customs Moves to Bar Retired Officers from Direct Clearing of Cargoes
The Nigeria Customs high command has taken steps to bar retired officers and men of the service from engaging in direct clearing of cargoes at the nation’s seaports and borders. THISDAY investigation revealed that the move was sequel to barrage of petitions especially by indigenous licensed clearing agents and freight forwarders,
U.S Port of New York/New Jersey has record volume with import decline
U.S Commerce Dept eyes car imports after China cuts tariffs
Donald Trump with US car industry leaders. The president has repeatedly stated his frustration at the difference between US tariffs on passenger vehicles and higher duties elsewhere. Photograph: Reuters The review could result in tariffs, akin to similar investigations into steel and aluminum imports that concluded earlier this year. The U.S Commerce
U.S. auto import probe fans tariff fears, riles Asia, Europe
Automobiles are on a truck for delivery to a car lot in Queens, New York, U.S., May 24, 2018. REUTERS/Shannon Stapleton (Reuters) - A U.S. threat that it may introduce tariffs on foreign auto imports drew strong criticism on Thursday from the country’s main business lobbying group, which warned of a
Protests worldwide against US idea of auto import tariff
Beijing (AP) - China, Japan and the European Union condemned Thursday the Trump administration’s decision to launch an investigation into whether tariffs are needed on imports of vehicles and automotive parts into the United States. President Donald Trump invoked a provision authorizing the president to restrict imports and impose unlimited tariffs