September 12 - India headquartered Project Cargo Network (PCN) representative Procam Logistics has established a new joint venture with UK based Caparo Group that will be known as Caparo Procam Infrastructure Limited.
The new venture will create warehousing infrastructure and provide management service to the auto, retail, rail and heavy engineering industries. www.projectcargonetwork.comwww.procamlogistics.com
TransGroup Global Logistics will rebrand as Scan Global Logistics (SGL), as the two companies integrate their global activities.
Kuehne+Nagel (K+N) has acquired Asian forwarder Apex International, strengthening its foothold on the transpacific and intra-Asia trade routes.
The global freight forwarding market experienced one of its most challenging years in 2020 contracting by 8.7 percent in real terms, according to Transport Intelligence (Ti). IMF data suggests that global GDP contracted by 3.3 percent year-on-year in 2020, while world trade growth slowed to -5.2 percent.
Finnlines has held a keel laying ceremony for its second hybrid ro-ro vessel Finneco II at the Nanjing Jinling shipyard in China.
The use of low sulphur fuels can add up to USD20,000 to the operational expenditure of a ship per annum, according to Sacha Cornell, fleet manager at Norbulk Shipping.
OHT has secured post-delivery financing for the newbuild offshore installation vessel Alfa Lift.
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