Kerry Logistics - the international logistics provider - is expanding into Eastern Europe. It has founded a national company and opened its first branch in the new EU member states in the Czech Republic’s second-largest city, Brno .

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China shipping Container Liners Co., Ltd (CSCL) announced the 2006 Annual results. For the period, CSCL recorded a turnover of RMB30,502,378,000, achieving an increase of 7.5% as compared with the same period last year. However, because of the rising of fuel price ,the falling of freight rates in main trade lanes , and RMB appreciation, profit after taxation for the profit attributable to equity holders decreased by 76.0% as compared with the same period last year to RMB859,210,000 Basic earnings per share amounted to RMB0.14, representing a decline of 76.3% as compared with the same period in 2005.

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The freight forwarding market has been a major beneficiary of an increasingly globalised world economy. The development of extended supply chains, integrating manufacturers, suppliers and retailers on a worldwide basis, has led to significant year-on-year growth in international trade volumes. Freight forwarders revenues - and profits - have surged and this has resulted in structural changes to what for many years was a conservative and stable industry.

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The annual results for global shipping giant Maersk signal a severe set back to the company’s strategy in container shipping. Although the wider A.P. Moller Group had higher overall profits at US$6.048bn, the Maersk container shipping division, which is the group’s largest business, suffered a loss.

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MAERSK Line, the world’s largest container carrier, will grow more slowly than the wider container shipping market this year after AP Moller-Maersk, its parent, decided it should focus on profitability rather than market share. Copenhagen-based AP Moller-Maersk announced the changed strategy following record pre-tax profits of $US6.05 billion, up from $US5.54 billion in 2005, on revenues of $US44.5 billion for 2006.

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Deutsche Bahn (DB) has been the latest big logistics service provider to announce bumper profits and big increases in revenue. The headline figures announced by the CEO, Hartmut Mehdorn, were strong with a 20% increase in revenue to €30bn and an EBIT up by €1bn to €2.5bn, but the figures for DB’s logistics business seem even stronger.

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The Port of Hamburg Achieves a Record Again in 2006: Cargo Volumes Total Around 135 Million Metric Tons and 8.9 Million Containers (TEUs)

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Kuehne + Nagel has announced its medium-term development plans in contract logistics for the UAE and greater Gulf region. Key to the company’s expansion strategy is its second logistics hub in Dubai, which will go into operation in the course of next year, strategically located in Dubai Logistics City.

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The Rhine river is closed to shipping near Cologne in Germany after an accident involving a container ship over the weekend.

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Secretive shipping and oil conglomerate AP Moller-Maersk has gone on the counter-offensive after the Liberal tax minister, Kristian Jensen, accused it of paying too little in corporate tax. Maersk chose to take the extraordinary step of publicly stating that it paid DKK 9.1 billion in taxes in 2005, including DKK 3.6 billion in corporate tax.

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