APEX

The Kuehne+Nagel power move—taking over the airways with Apex acquisition

With consumer demand, the Covid-19 pandemic, and accelerated globalization making waves across the supply chain, more organizations are pivoting to expand their reach and promote strength in the face of disruption. And Kuehne+Nagel is no exception. In a move that instantly propels K+N to dominate airfreight forwarding, the organization has announced its largest acquisition in the company’s history with the purchase of Apex International.
Apex, a Hong Kong-based global logistics company …

The...

https://theloadstar.com/the-kuehnenagel-power-move-taking-over-the-airways-with-apex-acquisition/

E-commerce growth furthers interest in direct-from-origin shipping options

In recent years, consumers have consistently put pressure on companies to amp up their online options. E-commerce sales have steadily grown year-over-year for the last couple of decades. E-commerce’s share of total retail sales has historically climbed about 1% each year. That changed in 2020. 

Americans’ previously slow-growing fervor for online shopping was shifted into high gear when the coronavirus pandemic started making its way across the nation in March 2020. According to U.S. Census...

https://s29755.pcdn.co/news/e-commerce-growth-furthers-interest-in-direct-from-origin-shipping-options

Pandemic continues to fuel freighter demand

Plane being loaded with cargo in Hong Kong.

The coronavirus pandemic took a toll on every part of industry, but it has been particularly hard on the air cargo sector. The virus spread across the globe, halting travel and grounding flights. With passenger planes all but out of commission earlier this year – and still lagging considerably in the fourth quarter – shippers had significantly fewer options for moving their products across the world. To complicate matters further, transportation options fell through right as consumer demand for...

https://www.freightwaves.com/news/pandemic-continues-to-fuel-freighter-demand

APEX Argus Bunker Index Covers Price Risks Associated With Marine Fuel

The Asia Pacific Exchange (APEX) launched the APEX Argus Bunker Index Singapore LSFO 0.5%S futures contract on Friday 18 October, reports a news release on PR Newswire.

Strict sulphur regulations

This contract provides a tool for market participants to hedge price risks associated with marine fuel.

The contract complies with tighter sulphur specifications being introduced by the International Maritime Organisation in 2020. 

A total of 120 lots traded on the opening day of the December, January and...

http://mfame.guru/apex-argus-bunker-index-covers-price-risks-associated-with-marine-fuel/

APEX To Use Argus Bunker Index To Manage LSFO Price Risk

According to an article published in PR Newswire, the global commodity price reporting and news agency Argus and the Asia Pacific Exchange (APEX) has recently signed an agreement licensing the use of the Argus Bunker Index (ABI) Singapore LSFO 0.5% as the settlement price for a proposed new derivatives contract.

Managing Price Risk

The contract can be used by oil traders, bunker fuel suppliers and shipowners to manage their price risks related to the new low-sulphur fuel oil (LSFO) required to...

http://mfame.guru/apex-to-use-argus-bunker-index-to-manage-lsfo-price-risk/