Latest Logistics News

Please click on the links below for the latest news from the freight forwarding and logistics industry.

Four dead in South Korea after explosion

Four people have lost their lives in an explosion at an STX Offshore & Shipbuilding yard in South Korea; Yonhap News Agency cited the national fire agency.

The incident occurred on an oil tanker under construction at the yard in Changwon, South Gyeongsang Province around 11:30 am local time on August 20. At the time, the workers, in ...

Canada chosen for new IATA-FIATA programme

IATA Cargo Agency Programme will be replaced with a new IATA-FIATA programme as forwarders and airlines will team up to make joint decisions.

During the years, the role of a forward has changed significantly from the original concept of acting as a sales agent for airlines to the current business relationship whereby the...

HMM eyeing Arctic option

The possibility of reducing voyage times between Asia and Europe via the Arctic sea could become more likely as Hyundai Merchant Marine looks at the possibility to create better opportunities to gain access to vessels amid global warming.

The carrier of South Korea is considering a trail to sail the polar passage route from 2020 onwards via a polar icebreaker blazing a trail for 2,500 teu-3,500 teu commercial boxshi...

Hong Kong in Virtual Reality bid

Hactl may have changed the game after inventing a revolutionary Virtual Reality training environment creating staff to gain experience before working on the airport ramp.

The Hong Kong International Airport has insisted it will feature a 360 degree rotation whilst also experiencing four dimensions. Speaking upon the announcement, Hactl have said:...

HMS Queen Elizabeth has returned home

The biggest ship ever in HMS Queen Elizabeth has arrived to its home port in Portsmouth for the first time this week as thousands attended the harbour to spectate.

  The British Navy built the £3bn ship in southern England. The vessel is a mammoth 919-foot, 280 meter vessel. It returned for the first time since leaving from the Rosyth dockya...

Searon Logistics into administration following job cuts

Searon Logistics has been badly affected by changes in the haulage market.

Andrew McTear and Chris McKay of East Anglia-based business rescue and insolvency firm McTear Williams & Wood were appointed joint administrators of Searon Logistics Limited on...

CargoLogicAir ready for take-off

CargoLogicAir (CLA), the UK-registered cargo airline part-controlled by Russia's AirBridgeCargo Airlines (ABC), is to launch its first scheduled cargo route later this month, providing main deck services connecting the UK and Mexico.

Twice-weekly Boeing 747-400 flights will depart from CLA’s base at London Stansted Airport every Wednesday and Saturday starting on 19 August. Flights will operate to Mexico City ...

Qatar in bid for Oman base

Qatar Navigation, a shipping and logistics company based in Doha, confirmed they were shifting its regional trans-shipment hub from Dubai to the Omani port of Sohar after a diplomatic crisis in the region disrupted Qatar's trade.

Milaha is creating a warehousing and logistics operation at Sohar and is exploring other opportunities to expand in that country, the company said on Monday. The actions taken sug...

Performances could increase M&A activity

There is a growing “performance divide“ in freight forwarding, based on differences in customer/product mix, IT functionality and management, which is likely to lead to a pick-up in sector M&A, according to a report by investment bank, Jefferies International.

“While the sector enjoyed the strongest volume growth in years (8% in air, 4% in sea and 3% in road freight), yields were under pressure, due to increased freight rates, which resu...

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