COSCO, HIT, ACT & MTL enter into a Hong Kong Seaport agreement

Enhance competitiveness of the Terminals Further strengthen Hong Kong as an International Shipping Hub   Hong Kong – 9 January 2019 – COSCO SHIPPING Ports Limited (”COSCO SHIPPING Ports” or “CSP”) today announced that COSCO-HIT Terminals (Hong Kong) Limited (“CHT”), Asia Container Terminals Limited (“ACT”), Hongkong International Terminals Limited (“HIT”) and Modern Terminals Limited (“MTL”) entered [...]

The Malta Blockchain Summit lived up to its expectations with an incredible 8,500 turnout.

Malta and Blockchain In October 2008, an anonymous developer under the pseudonym Satoshi Nakamoto released a paper called 'Bitcoin: A Peer-to-Peer Electronic Cash System' and the Bitcoin network was created as Nakamoto mined its first block known as the 'genesis block'. By 2011, Bitcoin has gained traction as the most popular cryptocurrency to proceed with [...]

New India connection for Freeport provides ‘unprecedented opportunities’

Service operated by three of the world’s largest shipping lines   Malta Freeport Terminals has added a new weekly service to its thriving operations which links major ports in India, Pakistan, Eastern Mediterranean and the Arabian Gulf. The service, known as ‘IndaMed’, is operated by three of the world’s largest shipping lines: CMA CGM, APL [...]

The Ocean Alliance chooses Malta Freeport as their central Mediterranean transhipment hub

After months of transformation in the form of mergers and acquisitions, eleven of the world’s largest container shipping lines have come together into three new alliances - The Ocean Alliance, 2M and The Alliance. These new alliances have set sail on 1st April. Malta Freeport Terminals (MFT) is proud to have roped in the Ocean Alliance [...]

Customs to launch new clearance system. Paper-free environment planned by 2020

The Customs Department will be deploying a new system for the clearance of goods on July 31. The department said it had been feeling the need for the investment, since maintaining and upgrading the current aging system had become “precarious, complicated and too costly”. The project was entrusted to government agency MITA and several meetings [...]

Smaller forwarders can score in post-Brexit integrators-independents battle

Smaller forwarders are best placed to remove customer headaches that will accompany Brexit, as expected supply chain disruptions are likely to be accompanied by increased demand for express and expedited logistics services. That’s the view of group managing director at Priority Freight Neal Williams. He told The Loadstar he believes there is a positive future [...]

US forwarder offered ‘personal shopper’ service to evade tough export regulations

US exporters and their freight forwarders are likely to come under increased regulatory scrutiny after Florida-based freight forwarder Access USA Shipping confessed to export violations. The company ordered to pay $27m in fines following an admission to the US department of commerce’s Bureau of Industry and Security (BIS) that it had committed around 150 export [...]

Why automation alone won’t kill the freight forwarder says BIFA

The British International Freight Association (BIFA) has reacted to speculation that Amazon and Uber may be about to launch their own global freight brokerage businesses. BIFA director general Robert Keen underlined “the vastly challenging and circuitous landscape” that traditional freight forwarders and brokers operate in on a daily basis. The trade association for UK freight [...]

PODCAST: the role of freight forwarders in cross-border e-commerce supply chains

By Gavin van Marle06/03/2017 This week's Loadstar Podcast looks at the central role freight forwarders will continue to play in global supply chains, despite the transformation currently sweeping the industry with the surge in e-commerce volumes and technology-induced disruption. Cross-border e-ecommerce shipments have so far been the preserve of the global integrators, but a new [...]

The Benefits of Choosing an Independent Freight Forwarder

What is an independent freight forwarder? An independent freight forwarder is not part of “multinationals” or “global freight forwarders.” They have their own offices, which they do not typically own worldwide, but do business with agents and partners around the world, depending on their clients’ needs. Many businesses face the challenge of deciding whether to [...]