PRESS RELEASE Tauranga, New Zealand, 14 June 2024: GAC Group, a leading provider of shipping, logistics and marine services in the Asia-Pacific market, has entered into an agreement with Quadrant Pacific to acquire its agency business, formerly its network partner in New Zealand. This acquisition marks a significant milestone in the company’s longstanding...

Port workers affiliated with German trade union ver.di have threatened strike action at the country’s key hubs, adding to North European shipper stress as labour tensions also rise in France. Ver.di is organising a series of dock strikes in Bremerhaven, Hamburg, Bremen and Emden after talks with the Central Association of German Seaport Operators...

The increased pricing in container spot rates on the main east-west trades eased this week, with just single-digit gains. And given their absence this week, it appears last week’s eyebrow-raising double-digit gains appear to have been propelled by carrier rate hikes on 1 June. Drewry’s World Container Index (WCI) composite rate grew 2% week on week;...

How steep a bump in the road is the expected delay in the Hamburg parliament vote that will give final clearance for MSC to acquire a 49.9% stake in HHLA? Let’s toss the coin. By the way In a lot of the deal’s media coverage, the transaction is referred to simply as MSC’s takeover of HHLA. And this obscures both the nature and the motivation...

Indian shippers and freight forwarders moving goods to Europe must contend with additional surcharges to secure confirmed bookings, amid growing capacity pressures on the tradelane. CMA CGM has announced an emergency space surcharge (ESS) of $500 per container for Indian freight to North Europe, the Mediterranean and North Africa, from 1 July, that...

This week’s episode of News in Brief is a special edition, Multimodal in Brief, with a surprise celebrity guest! Host and news reporter Charlotte Goldstone spent time at this week’s Multimodal exhibition in Birmingham, UK, recording brief interviews with visitors and exhibitors from across the supply chain, learning why their company attended the...