• Shippers cast doubt on carrier online initiative The news that Maersk has launched a container booking system with Alibaba has left some shippers unimpressed, saying that freight forwarders and consolidators can provide a broader range of services and are more cost effective than the carriers. This was the reaction from Sunny Ho, Executive Director of the Hong Kong Shippers’ Council to the […] Fwd News 0 Comments January 31, 2017
  • 2016 in Review: A year of change for shipping lines With an unprecedented number of mergers and acquisitions and one bankruptcy, it was a year of considerable change for liner shipping. As the industry had been placing orders for, and spending billions of dollars on, massive, state-of-the-art containerships, they ultimately had to sell container slots from Asia to Europe for shockingly low prices. As carryover […] Fwd News 0 Comments January 31, 2017
  • Alibaba Singles Day posts new sales record Alibaba Group’s Singles’ Day increased online sales to US$17.8 billion, up 32 percent compared to last year’s event. In the first hour, there were 175,000 purchases per second according to Daniel Zhang, Group Chief Executive of Alibaba. The November 11 event eclipsed this year’s Black Friday sales of US$2.74 billion and Cyber Monday’s US$3.07 billion. […] Fwd News 0 Comments November 18, 2016
  • China’s e-retail drives logistics expansion in 2016 Despite all the talk of the slowdown in the Chinese economy, parts of the market will still see stellar growth in 2016. Historically the Chinese logistics industry has been focused on the movement of goods from manufacturing locations to various ports and airports in order to serve China’s dominant export industry. As its core markets […] Fwd News 0 Comments April 14, 2016