Chris
Israel-owned shipping line Zim said on 19 may that it had completed a $3m financial restructuring plan, including a $1.4bn debt equity conversion with creditors following a protracted and complex series of negotiations. The refinanced business will be strongly positioned for successful growth, said CEO Rafi Danieli. The agreements are subject to creditor and shareholder approvals including a vote of at a General Assembly [Extraordinary General Meeting] of the Israel ...
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Netherlands-based logistics service provider IJS Global has been acquired by the Dutch investment house, Nimbus. IJS Global is Nimbus' first involvement in the transport and logistics sector. IJS Global's senior management will remain in place, including Sjoerd van Loon as global chief executive officer, while Mike Gillett will become the ...
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The Freight Transport Association has published the 19th annual edition of its European Road Transport Guide. The 444-page publication contains essential information for UK-based road transport operators covering 58 countries in the EU and beyond, including updated driving restrictions and public holidays, country details, customs and ferries information, and much ...
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Norbert Dentressangle Overseas, the forwarding arm of the French-owned logistics company, has launched new services from the UK to Russia. Following its acquisition of the freight forwarding activities of the Daher Group in September last year, Norbert Dentressangle has secured a significant presence in the Russian market, employing more than ...
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DHL Global Forwarding is to add 15 more certified life sciences stations to its Thermonet network in the second quarter of 2014, primarily in the Americas and Europe, Middle East and Africa. They include Argentina, Chile, Columbia, Canada, Brazil, Venezuela, Denmark, Finland, France, Germany, Hungary, Israel, Sweden and South Africa.
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DHL, official logistics partner and founding partner of the FIA Formula E Championship, delivered the very first fully-electric Spark Renault SRT-01E race cars from Paris to the new Formula E headquarters and team facilities at Donington Park Racing Circuit in the UK. CEO of DHL Express, Ken Allen said: “In ...
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Cargolux says that it expects to operate scheduled services to Zhengzhou, China from 14 June and that it is confident that operational authorisation will be received in due course. It follows the cancellation of the inaugural flight initially planned for 24 April.
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DB Schenker has opened a new logistics center near Porto. It will centralize logistics operations in the northern part of Portugal and is located in Vila do Conde, an important industrial location, with direct access to the main highways, and only 14 kilometers from the main airport. It offers a ...
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Palletways has opened its new Benelux depot in Nijmegen, double the size of the previous facility and tailor made to suit the requirements of the network and its members. The new site offers the pallet network's PORT system real time tracking system. Further warehousing space has also been incorporated,and the ...
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Freight forwarding company Geodis Wilson has formed a joint venture partnership with Bahrain regional warehousing and distribution specialist Banz Group. It will be based in Juffair, with an 8,000sq m warehouse facility, one of the largest of its type in the region and including ambient, chilled and frozen storage space.
Middle ...
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