AGP Executive Report
Last update: 3 hours agoShipping Costs: Oil-tanker freight has surged nearly sevenfold to more than $20 a barrel as Hormuz security risks, rerouting and higher fuel bills drive up transport costs. New Freight Capacity: A proposed $100 million inland port near Mosgiel, New Zealand, won draft approval. Its 80,000 square metres of warehousing, 1,500 refrigerated-container plugs and rail link could shift freight from road and remove an estimated 30,000 truck trips from local routes. Route Watch: Hapag-Lloyd is eyeing a return to Suez as container traffic gathers pace, but renewed Red Sea and Gulf threats keep route security in focus. Logistics Investment: Saudi Arabia’s Mawani is advancing a new integrated logistics zone in Jeddah, while a separate call for interest covers the Al-Khumrah logistics area. Trade Corridors: China-Europe freight trains have topped 140,000 trips, carrying goods valued at more than $560 billion as the rail link gains ground. Air Freight: Kuehne+Nagel’s air-logistics EBIT jumped 84% in the third quarter, pointing to stronger results in a key freight segment.
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