Germany blocks Chinese state-owned shipping giant’s takeover of Hamburg logistics group
The German Economy Ministry said the transaction would have deepened dependencies on China and jeopardised the resilience of European supply chains...
Category : Logistics and Cargo
IAA Trade Fair: Europe’s trucking sector braces for Tesla-China EV battle
Tesla will bring its semi-electric truck to Europe, while BYD has made public its plans of manufacturing electric heavy-duty vehicles in the continent...
DP World to invest USD 3 billion for global expansion as Middle East disruption hits profit
The company has reported a 39% fall in first-half net profit to USD 585 million, even as revenue increased 13.1% year on year to USD 12.7 billion...
DP World expands UK logistics network with GXO grocery warehouse takeover
The deal covers five facilities in England and one in Northern Ireland that serve some of the largest British supermarket chains...
CMA CGM to buy FedEx Supply Chain for USD 1.4 billion, tripling Its US warehousing reach
The purchase is a big deal for CMA CGM's subsidiary CEVA Logistics, which handles warehousing, distribution and order fulfilment for North American businesses...
Hormuz Plus One: Gulf Rewires trade around its riskiest chokepoint
In July, Dubai-based DP World added 700 lorries to its regional fleet, a move that will support up to 35,000 additional trips a month across the GCC...
Iran war: DP World boosts truck fleet as Gulf shifts to road freight
DP World's newly added fleet of 700 lorries will add up to 35,000 trips per month, supporting both domestic and cross-border trucking...
Air cargo demand up 6% in May; Middle East biggest laggard: IATA
Gulf-based carriers reported a combined contraction of 8.9% year-on-year, with Iran war-related impacts weighing in big time...
CPPI rankings: Qatar’s Hamad Port jumps into the world’s top eight
Since its inauguration in September 2017, Hamad Port has become a cornerstone of Qatar's economic and trade strategy...
Oman, UAE activate “Logistics Corridor” initiative to ease cargo flow
The "Logistics Corridor" links Oman’s ports and industrial zones with Sharjah’s ports and land transit network through the Khatmat Malaha border crossing...