The Logistic News

The Logistic News

Marinakis: “Shipping would have been better off paying a Hormuz fee”

Marinakis: “Shipping would have been better off paying a Hormuz fee”

One of shipping’s most outspoken figures, Evangelos Marinakis, founder and chairman of Capital Maritime & Trading Corp, has suggested that the industry might have been better served by paying a structured fee to maintain access through the Strait of Hormuz, rather than enduring prolonged disruption following the Iran-Israel-US-related conflict.  Speaking at the TradeWinds Shipowners Forum during Posidonia, Marinakis argued that a predictable payment system would have...

Genco and Diana Remain Locked in Takeover Standoff After Latest $24.80 Bid Rejected

Genco and Diana Remain Locked in Takeover Standoff After Latest $24.80 Bid Rejected

The prolonged takeover confrontation between US-listed dry bulk operator Genco Shipping & Trading and Greek rival Diana Shipping has intensified once again after Genco’s board unanimously rejected Diana’s latest cash offer of $24.80 per share.  The decision marks the third time Genco has turned down proposals from Diana since the takeover attempt began late last year, setting the stage...

US forwarders hit out at plans to cut customs operations

US forwarders hit out at plans to cut customs operations

US air freight forwarders, airlines and wider supply chain organisations are raising concerns over potential plans to scale back Customs and Border Protection (CBP) operations at key US ports of entry, warning that such measures could trigger widespread disruption across time-critical logistics networks.  According to reports, the US Department of Homeland...

Last chance to enter the ACN Awards!

Last chance to enter the ACN Awards!

The countdown is on for companies across the airfreight sector looking to secure a place among the industry’s most recognised names, as the final deadline for the 2026 Air Cargo News Awards approaches.  Entries are still open, but time is running out, with the submission deadline extended to 17:00 BST on...

Target launches $367M food distribution center in Colorado

Target launches $367M food distribution center in Colorado

Target has taken another major step in strengthening its grocery logistics network with the opening of a $367 million food distribution center in Thornton, Colorado, its largest facility of its kind to date.  The new site marks the retailer’s ninth food distribution center and expands its “food-forward” strategy, which aims to make grocery offerings a core driver of store traffic. Spanning 529,000 square feet of temperature-controlled warehouse space,...

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