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News
MG Ship takes logistics intelligence platform into Europe
1+ hour, 43+ min ago (300+ words) Hong Kong logistics technology company MG Ship has launched its shipment visibility and intelligence platform in Europe, targeting freight forwarders and third-party logistics providers. The platform brings ocean, air, road, rail and parcel shipments into a single control tower, combining…...
Australia???s ACFS Port Logistics enters administration
4+ day, 5+ hour ago (208+ words) The company entered administration on Thursday with Jessica Perri, Anthony Elkerton and Sule Arnautovic of SALEA Advisory appointed administrators. Andrew Sallway and Duncan Clubb of BDO have separately been appointed receivers and managers of ACFS Port Logistics and ACFS Investments....
Shipping???s AI forecasters run into the limits of history
5+ day, 5+ hour ago (266+ words) Bojan is an English language professor turned journalist with years of experience covering the energy industry with a focus on the oil, gas, and LNG industries as well as reporting on the rise of the energy transition. Previously, he had…...
AI sharpens freight forecasts but cannot tame shipping volatility
5+ day, 5+ hour ago (1159+ words) Machine learning is making shipping’s freight-rate forecasting tools more useful, but the evidence still points to support rather than certainty. At the same time, AI is seen by industry experts as being unable to remove the core problem in shipping,…...
Are we optimising freight rates instead of supply chains?
1+ week, 5+ hour ago (365+ words) Dr Raymon Krishnan, president of Singapore’s Logistics & Supply Chain Management Society, writes for Splash today. The logistics industry has always evolved in response to disruption. Whether it was globalisation, digitalisation or the unprecedented shocks of the covid pandemic, every major…...
Aspo charts standalone future for ESL Shipping
1+ week, 1+ day ago (299+ words) Finnish dry bulk operator ESL Shipping is being lined up for a standalone listing on Nasdaq Helsinki after parent Aspo approved a partial demerger plan. Under the proposal, Aspo’s 78.6% stake in ESL Shipping and the related assets and liabilities will…...
Freight automation startup 5U AI lands $3.2m
1+ week, 5+ day ago (272+ words) Munich-based freight technology startup 5U AI has raised $3.2m in pre-seed funding to expand its artificial intelligence platform for European freight forwarders. The round was led by London-based Emerge Capital, with the proceeds earmarked for product development, European expansion and recruitment across…...
Machine learning seen sharpening freight forecasts
1+ week, 6+ day ago (217+ words) A systematic review published in Maritime Economics & Logistics examined 28 studies produced between 2012 and 2024. It identified 17 forecast targets and 59 explanatory variables used to build maritime freight models, including vessel supply, commodity demand, bunker prices and wider economic indicators. Neural networks were…...
Recurring onboard shortcuts can lead to major incidents
3+ week, 6+ day ago (378+ words) Recurring deviations from routine onboard operations, which become the norm rather than single-point failures, are a major risk factor across shipping fleets, according to Israeli tech firm ShipIn Systems. The company describes the process as “operational drift” — small lapses that…...
Los Angeles launches $75m electric truck incentive
4+ week, 7+ hour ago (179+ words) The Port of Los Angeles has opened applications for a $75m incentive programme aimed at accelerating the deployment of battery-electric trucks serving its container terminals. Licensed motor carriers registered in the port’s drayage truck registry can submit proposals covering the purchase…...