Slide in container freight rates may be beginning to level out

Freight rates on the major east-west container trades continued to slide this week – although the precipitous fall during previous weeks has finally begun to flatten out.
According to this week’s Shanghai Containerised Freight Index (SCFI), the freight rate from China to North Europe has dipped below the $700 per teu mark, down some 4.2% week on week to today’s $684 per teu.
Rate levels on the China-Mediterranean leg also declined, by ...

The post
Read more...


With 150 forwarders onboard, booking platform cargo.one now attracts airlines

Cargo.one, the rate and booking platform for air freight, is gaining traction with airlines.
Finnair joined last week, and two more airlines are in the process of coming on board. 
More than 150 forwarders have already signed up to use the site, which has so far been dominated by Lufthansa Group airlines. 
The platform is unique in that it not only shows carrier rates, but also has capacity data that allows forwarders ...

The post
Read more...


More profitable second half helped Hapag-Lloyd stay in the black

Hapag-Lloyd’s net profit came in at $54m last year after the carrier recovered well from a loss-making first six months, which in June obliged it to issue a profit warning.
Chief executive Rolf Habben Jansen said the transport group was “satisfied with the financial results”.
In terms of its 3.8% ROIC (return on invested capital), the Hamburg-based liner trumped its bigger peers, CMA CGM and Maersk, in 2018. They reported disappointing ROICs ...

The post
Read more...


Low freight rates and high bunker costs see Zim sail into the red

Israeli container shipping line Zim yesterday posted a net loss for 2018 of $119.9m, despite a 9.2% increase in revenue to $3.2bn, a four-year high.
Zim said depressed freight rates in the first half and high bunker costs were the primary causes, while a second-half rally in rates was not enough to keep the line out of the red.
In 2017, the company recorded a net profit of $11.4m, on revenue of ...

The post
Read more...


Global economic headwinds blow a hole in PSA profits

PSA International recorded a bounce in both revenues and volumes last year – but not enough to prevent a post-tax profit drop.
The port operator handled 81m teu over the 12-month period, up just shy of 10% on 2017, with its Singapore terminals responsible for more than a third (36m teu, up 8.9%).
This in turn generated some $4bn in revenue (up 3%), but post-tax net profit fell 2.3% from $1.23bn to ...

The post
Read more...


Uncertainty remains over who will pay for compliance with IMO 2020

Carriers and shippers remain in dispute over who will pay for compliance with the pending sulphur fuel cap.
And they have further concerns over unified global enforcement.
At the European Shippers’ Council Maritime Day 2019, Nick Lurkin, of the Royal Association of Netherlands’ Shipowners (KVNR), said carrier customers needed to accept the cap.
“With the IMO regulations there is no delay, even if there are still some that think it will be delayed ...

The post
Read more...


China’s Xi visits Italy with belt and road deal as prize

Could Italy mark the turning point in China’s belt and road policy? This week saw Xi Jingping in Rome to begin talks with his opposite number in Italy, Giuseppe Conte. Expectations are that tomorrow will see the two leaders sign a memorandum of understanding, which AP News suggests could see the European nation become the first “major democracy” to join the belt and road initiative. The MoU comes amid mounting ...

The post
Read more...


CH Robinson CFO Andrew Clarke to step down

CH Robinson has announced that chief financial officer Andrew Clarke will be stepping down at the end of the month.
Mr Clarke began his logistics career at the turn of the century as chief financial officer for Forward Air, having worked previously in the banking sector.
Six years later he was appointed chief executive of Panther Expedited services, before again moving in 2010, this time to Blount International as a board manager.
Chief ...

The post
Read more...


American Airlines Cargo appoints Tim Isik director of cargo sales for EMEA

American Airlines Cargo has appointed Tim Isik as director of cargo sales for Europe, Middle East and Africa, replacing Tristan Koch.
Mr Isik steps over from the passenger division, where he was responsible for American’s sales business across the UK, Ireland and Iceland. He has also worked across its corporate sales division.
Vice president of sales Roger Samways praised Mr Isik’s “hard work and passion” for aviation, noting he’d had a huge impact ...

The post
Read more...


Container feeder vessel capsizes at Bandar Abbas

And yet another ship has gone down, possibly with up to three crew members injured. This time it is at a port, however, Bandar Abbas. The vessel had 153 containers on board, but it is not yet clear what caused the ship to capsize and then sink. Maritime Executive has the photos and video here. It appears to be a UAE-owned vessel named SL Star. 

The post
Read more...


The LoadStar

RSS-Feed
PROMO TIME - TFS to Europe - Aeroflot Cargo

PROMO TIME - TFS to Europe - Aeroflot Cargo

Aeroflot -Russian Airlines
20 MAR 2019
Special rates
ES,TFS
Loading...
Disclaimer | Report content
SPACE AVAILABLE! BOOK NOW!

077/MS: New freighter service to JNB!

Skyline Air Services
20 MAR 2019
Available space
DE
Loading...
Disclaimer | Report content
406/5X: Space available to US destinations tomorrow!

406/5X: Space available to US destinations tomorrow!

Skyline Air Services
20 MAR 2019
Available space
DE
Loading...
Disclaimer | Report content
Aeroflot Cargo UK - embargo to Zagreb (Croatia) has been uplifted

Aeroflot Cargo UK - embargo to Zagreb (Croatia) has been uplifted

Aeroflot -Russian Airlines
20 MAR 2019
Embargo
GB
Loading...
Disclaimer | Report content

AirBridgeCargo Airlines has successfully passed the second audit reconfirming its compliance with quality standards of Cargo iQ, an IATA interest group, which issued the certificate following a two-day inspection held at the beginning of February in Moscow, Russia. 

AirBridgeCargo re-confirms its commitment to high Cargo iQ quality standards

AirBridgeCargo Airlines
19 MAR 2019
Press release
SVO
Loading...
Disclaimer | Report content

Aeroflot Cargo UK - Embargo to Zagreb (Croatia)

Aeroflot -Russian Airlines
18 MAR 2019
Embargo
GB
Loading...
Disclaimer | Report content
077/MS: New freighter service to LOS & NDJ!

077/MS: New freighter service to LOS & NDJ!

Skyline Air Services
18 MAR 2019
Product news
DE
Loading...
Disclaimer | Report content
077/MS: New freighter service to AMM, BEY & KWI!

077/MS: New freighter service to AMM, BEY & KWI!

Skyline Air Services
18 MAR 2019
Product news
DE
Loading...
Disclaimer | Report content
077/MS: New freighter service to BOM!

077/MS: New freighter service to BOM!

Skyline Air Services
18 MAR 2019
Product news
DE
Loading...
Disclaimer | Report content
077/MS: New freighter service to JNB!

077/MS: New freighter service to JNB!

Skyline Air Services
18 MAR 2019
Product news
DE
Loading...
Disclaimer | Report content
As per the 1st of March 2019, CargoMaster, specialized in air, sea and land cargo logistics has joined the CargoClaims platform. As a premium member CargoMaster will benefit all available tools to quickly resolve claims in a consistent way across multiple carriers.

CargoMaster joins IATA Innovation Awarded Cargo Claims Platform

Cargo Claims
16 MAR 2019
General
World
Loading...
Disclaimer | Report content
BOOK NOW!

077/MS: New freighter service to DMM & RUH!

Skyline Air Services
15 MAR 2019
Product news
DE
Loading...
Disclaimer | Report content
LAST MINUTE CAPACITY & RATES!

489/W8: LAST MINUTE CAPACITY & RATES!

Skyline Air Services
15 MAR 2019
Special rates
DE
Loading...
Disclaimer | Report content
Route: GVA - SVO
Widebody service from Geneva (GVA) to Moscow (SVO) and beyond

Widebody service from Geneva (GVA) to Moscow (SVO) and beyond

Aeroflot -Russian Airlines
15 MAR 2019
Available space
DE,AT,IT,NL,BE,FR,ES
Loading...
Disclaimer | Report content
Air Europa have upgraded the LGW-MAD ‘UX1016/22MAR' to an A-332 Wide Body, presenting us with an opportunity to sell significantly more space to Spain, and South America. This upgrade, will enable the swifter transit of your goods to all international stations within our network.

UX: Wide-Body to MAD, BCN and South America

Airbridge International Agencies
15 MAR 2019
Available space
GB
Loading...
Disclaimer | Report content
Wings onboard: "Best Global Onboard Courier Service Provider"

Wings: time critical consignment in the aerospace industry?

Wings On Board Courier Network
14 MAR 2019
General
Europe,US,CA,Asia,Africa,AU
Loading...
Disclaimer | Report content
MS EGYPTAIR: FREIGHTER TO JNB

MS EGYPTAIR: FREIGHTER TO JNB

Skyline Air Services
13 MAR 2019
Product news
FRA
Loading...
Disclaimer | Report content

TUI - USA flights commence 22nd March 2019, please contact sales and reservations to discuss rates and services in further details. TEL: 0208-7574730 / Email: uksales@ecsgroup.aero and ukreservations@ecsgroup.aero


TUI - USA flights commence 22nd March 2019

ECS Group
13 MAR 2019
Available space
GB
Loading...
Disclaimer | Report content
AirBridgeCargo Airlines, one of the leaders in the transportation of special cargoes, has recently transported ABB motor from Västerås (Sweden) to Shanghai (China) on behalf of Greencarrier Freight Services. 

AirBridgeCargo Airlines’ loading scheme economizes on time and effort for Greencarrier Freight Services motor shipment

AirBridgeCargo Airlines
13 MAR 2019
Press release
SVO
Loading...
Disclaimer | Report content
Nos complace anunciar que a partir del 16 de marzo, Air Canada Cargo ofrecerá sus servicios en una nueva dirección en la Ciudad de México.

Air Canada Cargo - Nueva direccion de nuestras instalaciones en Ciudad de México

Air Canada Cargo
12 MAR 2019
General
MX
Loading...
Disclaimer | Report content