Port of Saint John on a roll, thanks to potash and beefed-up rail services

Potash has been a tremendous fuel for growth at the Canadian port of Saint John; the New Brunswick port clocked up 11% higher tonnage last year than in 2020.
But its dry bulk traffic was on fire, surging a whopping 123%, with potash the main driver for this, more than doubling, from 619,203 tonnes in 2020 to 1,653,750 tonnes.
Dry bulk may have been the star performer, but most eyes have been …

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DFDS reports return of freight through Dover after pre-Brexit stock-building

Following a dip in freight volumes in December, ferry operator DFDS reports truck crossings on Dover to Calais and Dunkirk routes have increased and could surpass January 2020 and 2019 figures.
According to the carrier, December cargo volumes, adjusted to account for route changes, were down 9.8% on the same month of 2020, but up 17% compared with 2019.
“The decrease in total volumes compared with 2020 was entirely due to lower …

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M&A radar: MSC & Lufthansa go for legacy Alitalia – just sublime

At The Loadstar Towers, we could barely contain our excitement yesterday when news broke that MSC Group and Lufthansa were going for ITA Airways, the ‘rejuvenated’ Alitalia (whatever is left of it), Italy’s flag carrier.
Which smells of sensational deal-making – strategic, too?
“Today MSC Group has expressed to the Italian Government its interest in acquiring a majority stake in ITA Airways,” the statement read, adding that Germanys’ Lufthansa, the “project’s industrial partner”, …



New York nudges biggest US container port title as west coast imports flatline

Having already outstripped Long Beach as a bigger US import container hub, the port of New York & New Jersey is close to usurping Los Angeles at the top of the rankings.
The reason is the accelerating coastal shift of imports from west to east.
According to the latest data compiled by Blue Alpha Capital,  NY&NJ saw imports jump 15% year on year in December, to 411,924 teu, while at Los Angeles …

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Heppner strengthens its European network and diversifies its expertise with the acquisition of Safram

Heppner announces the acquisition of the Swiss Group SAFRAM, with operations in Switzerland, France, Germany, the United Kingdom and Hungary. This acquisition forms part of Heppner’s international growth and business diversification strategy, now with the integration of expertise in dangerous goods transport and logistics. 
The overall goal is to strengthen the European territorial network, perceived as a vector of new economic dynamics
After the acquisition of Hamacher Logistik...


Belgium subsidises barges in bid to shift freight from road to inland waterways

Efforts to improve inland services at Antwerp, North Sea Port and Zeebrugge stepped up this week, with the Flemish government injecting €12.5m ($14.18m) of financial support.
The Loadstar understands that the grants are part of a four-year plan, to be topped up by the gateways to €14.3m, to subsidise projects intended to increase the share of volumes moving by barge and to disincentivise road movements.
A source told The Loadstar: “While €14.3m …

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Marco and DP World launch platform to bridge financial gap for SMEs

SME-finance platform Marco has joined forces with DP World’s CARGOES Finance to offer supply-chain financing, factoring and various other forms of lending to address what it claims is a gap of $1.7 trillion in available global trade finance.
Marco’s lending platform uses AI to perform several of the steps necessary to provide finance in an effort to speed up the process. Its MarcoScan document recognition and analytics tool, is embedded in …

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Snapshot: DSV – the ‘M&A value’ evaporates

Value, what value?
As if the week didn’t already get off on the wrong foot for DSV shareholders, with another weekly buyback announcement highlighting the trouble that purchasing stock when the market moves against you can turn out to be…
… there was mild encouragement from the average transaction price sourced from Tab.1 above on Monday: at Dkr1,476 a share, it was (almost perfectly) bang in the middle of the Dkr1,350-1,550 support-resistance …

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‘What’s the spread on that?’ Cheers as BIFA Freight Awards go live again

After the madness of the past couple of years, there was an air of euphoria at yesterday’s BIFA Freight Service Awards ceremony in London, when around 500 forwarders were let off the leash to go on the lash.
Routinely held on the third Thursday of January, during what would normally be the beginning of the slack season, the annual BIFA Awards, are often rumbustious affairs, but this year there was a …

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Yantian limits intake of export containers amid new year holiday rush

Hutchison Ports says Yantian International Container Terminal (YICT) in southern China lowered the cut-off time for receiving outbound containers since Wednesday, claiming delayed ship arrivals have caused containers to pile up in its yard.
YICT is one of three sub-ports that make up Shenzhen port, the others being Nanshan and Dachan Bay.
Shenzhen is China’s third-busiest container port, after Shanghai and Ningbo-Zhoushan, and the fourth-busiest in the world. In 2020, Shenzhen handled …

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