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DP World launches B2B e-commerce trading platform Apr 30,2021
Global ports and logistics group DP World has launched an e-commerce wholesale trading platform DUBUY.com to link SME importers and exporters and offering discounted logistics capacity – opening initially in Rwanda with plans to expand across Africa and around the world.The Dubai-headquartered por... [learn more]
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MSC launches electronic bill of lading Apr 30,2021
Moves to rid container shipping of some of its more archaic, paper-based processes have taken a further step forward with Mediterranean Shipping Co introducing a blockchain-based electronic bill of lading.The eBL enables shippers and others in the key supply chain to receive and transmit the bill of lading do... [learn more]
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P&O Ferries returns fifth ro-ro ship to key Dover-Calais crossing Apr 30,2021
P&O Ferries has announced the return of a fifth Ro-Ro ship on its Dover-Calais route in order to “take back market leadership on the English Channel”.The European ferry operator said the Pride of Burgundy – a 28,000 tonne vessel with capacity to carry 120 lorries &nda... [learn more]
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Ex-Asia air freight rates surge again this week Apr 29,2021
Ex-Asia air freight spot prices have surged again in the last week above their already “super-peak” levels, with prices from Shanghai to the US west coast rising by almost 15% in the week to 26 April, according to figures from TAC Index.The latest price spike builds upon rates that have al... [learn more]
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Cargolux makes $768m record net profit Apr 29,2021
Europe’s largest cargo airline Cargolux today reported an extraordinary set of results for 2020 in which it earned a record net profit after tax of US$768.7 million, with an EBIT margin of 31.3%.Announcing the unprecedented performance today, the company noted that 2020 “proved to be an ex... [learn more]
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Asia-Europe rail and sea-air demand booms as freight shifts modes Apr 29,2021
Freight forwarders report high levels of modal shift to rail and sea-air, along with greater use of their own air and ocean charters, as air and ocean congestion and high prices continue.Yigit Saricinar, regional air freight director for Asia Pacific (APAC) at freight forwarder Geodis confirmed to Lloyd&... [learn more]