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Adba Shipping Cargo Network

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MSC boss Soren Toft backs carbon taxes and decarbonisation R&D fund

Mediterranean Shipping Co (MSC) has joined other liners to support the call for global carbon taxation for shipping and an initiative to set up a worldwide fund for decarbonisation research. Soren Toft, CEO of MSC, believes that carbon pricing could…

PSA unboXed collaborates with Roambee to boost cargo visibility

PSA unboxed, the corporate venture arm of PSA International, has invested in and partnered with Roambee, a real-time supply chain visibility provider. The investment will allow the pair to co-create a verifiable item-level, multimodal Full Container Load (FCL)/Less than Container…

Class 8 orders slow as 2021 build slots fill

Class 8 orders cooled in May, reflecting the filling of build slots this year and OEMs’ reticence to begin taking orders for 2022. FTR reports preliminary figures of 23,600 Class 8 orders, down 32% from April but still totaling 420,000…

Ottawa invests in Alberta hydrogen fueling station for trucks

The federal government on Thursday announced a $2.3-million investment in the Alberta Zero-Emissions Truck Electrification Collaboration (AZETEC) project. Seamus O’Regan Jr., minister of natural resources, said, “Hydrogen’s moment has come, and Canada is leading the way. Using hydrogen in heavy-duty trucking will lower emissions,…

X-Press Pearl owner apologises for environmental and economic damage

Shmuel Yoskovitz, CEO of X-Press Feeders, owner of the stricken containership X-Press Pearl, has apologised for the environmental and economic damage caused by the fire onboard, which raged for 13 days. Shipments of plastic pellets, called nurdles and used in the…

Chittagong box traffic close to pre-pandemic levels as apparel exports revive

Despite facing week-long disruptions in mid-May, due to Eid-ul-Fitr-linked holidays and the Covid-19 slowdown, cargo volumes through Chittagong port last month continued to be positive, showing an upward trend on previous months. In May, some 56,108 teu of laden containers…

April air cargo uptick may have signalled ‘false dawn’ for recovery as May dips

April’s uptick in air cargo volumes may have signalled a “false dawn” for the industry’s recovery: last month saw a 4% dip in demand. Comparing May’s volumes with the pre-Covid levels of 2019, Clive Data Services and TAC Index said…

Cyber-attack on major shipper adds to food supply chain woes

A cyber-attack on giant meat processor JBS’s operations in North America and Australia has set off alarm bells along supply chains. The attack, which targeted servers supporting the company’s IT systems, forced JBS to shut down nine US beef processing…

MSC attempts to capitalise on growing use of Asia-Europe rail link

MSC’s new regular multimodal solution from Asia to Europe, which was launched in April, has moved its first containers via block train from Vostochniy to St Petersburg in Russia. Some shippers are being increasingly drawn towards rail due to issues…

Peel Ports takes a ‘vertical integration’ path with Quality logistics offering

UK port owner Peel Ports has embarked on a “vertical integration path” after buying freight forwarder and transport operator Quality Freight. It is now rebranded as Peel Ports Logistics, but began life focused on shortsea bulk chartering and ship agency…

MSC continues fleet expansion with orders for four more box ships from China

MSC has procured more ultra-large containerships, as the second-largest liner operator continues its fleet expansion. Brokers indicated that MSC had ordered four 24,200 teu ships, equally split between Hudong-Zhonghua Shipbuilding and Jiangnan Shipyard (Group), both subsidiaries of China State Shipbuilding…

US transport board voices concern over rail preparedness for peak

Marty Oberman, chairman of the US Surface Transportation Board (STB), is a prolific letter writer these days, and has penned several missives to CEOs of the Class I rail companies and the Association of American Railroads expressing concern over service…

Container freight rates to N America from N Asia trump Southeast Asia in a rare flip

Spot container freight rates from North Asia to North America have surpassed those from Southeast Asia to North America in an atypical market situation, S&P Global Platts data showed. For the last several months, prices from Southeast Asia to North…

Montreal port to resume cargo activity after government strike intervention

Container and bulk terminals at the Port of Montreal will open for business Monday at 7 A.M. after the Canadian government forced an end to a strike by longshoremen, but it could take several days to work through freight backlogs…