German shipping's 'significant change'

"In view of the unexpectedly long crisis, the German shipping industry is undergoing significant change," says Michael Behrendt, president of the German Shipowners Association (VDR), in its latest annual report.

Report sees forwarding market decline

July 31 - Declining in value by 3.3 percent from 2012, the global freight forwarding market is facing major challenges as it fights to stay viable in a changing global environment, says Transport Intelligence.

Ports America looks to "K" Line

July 31 - Ports America is to purchase a 30 percent stake in International Transportation Service (ITS) through a strategic partnership with "K" Line (Kawasaki Kisen Kaisha).

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