AGP Executive Report
Last update: 8 hours agoM&A Watch: CMA CGM is nearing a $1.4bn cash deal to buy FedEx’s third-party logistics unit, a move that would deepen its US supply-chain footprint and likely pair FedEx air cargo with CMA CGM scale. Policy & Costs: Nigeria’s Green Tax kicks in July 1, with maritime, logistics and auto stakeholders warning it could raise import and port-related costs and hit trade competitiveness. Port Operations: Ghana shippers say delayed container moves from Meridian Port Services Terminal 3 to inland depots are tying up cargo and driving demurrage and rent costs. Shipping Security: South Korea says only two Korean vessels remain in the Strait of Hormuz, shifting focus to safety and crew management as repairs and cargo timelines play out. Trade Infrastructure: Duisport CEO says China-Europe Railway Express is now a scheduled multimodal logistics backbone, with multiple trains passing daily via Duisburg. EU Customs: A new €3 customs charge starts today for many low-value online orders into the Canaries, affecting AliExpress, Temu and Shein shipments. Automation in Fulfilment: Footasylum is rolling out 85 AutoStore R5 robots to automate warehouse storage and speed e-commerce picking. Energy & Shipping Decarb: MarineFifty plans up to €11m to back Danish Kvasir Technologies to scale a drop-in bio-oil route for ships. Geopolitics & Logistics: Ukraine reports strikes that disrupt Russian logistics crossings, including a road bridge on the Donetsk–Mariupol route.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.