It’s time for the liner industry to ditch the flawed fixed tender process where “someone always loses” and revisit index-linked contracts.
In a webinar yesterday to reveal results of a survey of 80 senior executives, consisting of forwarders, BCOs and carriers, Freightos founder and chief executive Zvi Schreiber said there was considerable “frustration” with the traditional time-consuming method of tendering – not only from shippers, but also from carriers.
As a commodity, ...
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Forwarders are deploying wildly different strategies in an air cargo market that so far this year has seen erratic and volatile rates.
Interestingly, given the soft start to the year, average air freight rates have been higher than last year, but volatility between weeks has been far greater, noted Peter Stallion of Freight Investor Services.
He pointed to data from the TAC Index, showing the actual net price index in dollars from a basket ...
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Japan’s International Maritime Organization (IMO) delegation is set to call for a mandatory shaft power reduction on all ships to help meet its commitment to cut shipping emissions by 40% by 2030.
A proposal, seen by The Loadstar but not yet made public, entails retro-fitting engine power limitation (EPL) systems on all non-EEDI 3-certified vessels.
“[It is] a simple device which can easily limit engine power by adjusting a fuel index limiter ...
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US cargo airlines have again voiced their support for Gulf carriers in the face of a concerted effort by US legacy operators to disrupt the Open Skies agreement.
Lobbying as US Airlines for Open Skies (USAOS), Atlas Air, FedEx, Hawaiian Airlines and JetBlue wrote to secretary of state Mike Pompeo and secretary of transportation Elaine Chao to express their support for Open Skies and their concern at threats to it.
“The Open ...
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Just-in-time (JIT) vessel arrivals could answer two of container shipping’s most pressing problems: surging fuel costs and poor schedule reliability.
Vessel tracking specialist MarineTraffic is working with the IMO’s Global Industry Alliance (GIA) to slash the time containerships spend idling outside ports by implementing a “JIT sailing” concept.
Argyris Stasinakis, MarineTraffic’s partner for business development, said the industry could achieve massive fuel savings and improved supply chain visibility as a result.
“To make ...
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So Amazon has failed at something: it has pulled out of China, a market sewn-up by its rivals, reports Reuters. It says it will close its Chinese online store by July, ending services on amazon.cn. Shoppers in China will no longer be able to buy goods from domestic third-party sellers, but can still order globally via Amazon’s other platforms. Amazon purchased Chinese online site Joyo in 2004 for $75m, but ...
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A logistics subsidiary of troubled HNA Group has defaulted on a $179m loan and has either to pay or lose assets, according to Reuters. The subsidiary, CWT, told the Hong Kong Stock Exchange it had not paid interest or fees to its lenders. Its assets include CWT Logistics, as well as engineering and finance services, and property in the UK and US. HNA bought CWT for $1bn in 2017 and merged it with one of ...
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Ocean carriers plying the Asia-North Europe tradelane are taking measures to “stop the rot” by cancelling more sailings, according to Alphaliner.
Spot rates on the route have slumped to a 12-month low.
The North Europe component of the Shanghai Containerized Freight Index (SCFI) slid a further 2.7% last week to $640 per teu, and has fallen by 36% since early January.
Anecdotal reports to The Loadstar suggest carriers are beginning to panic and ...
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Improved efficiencies helped Panalpina to a first-quarter ebit up 15% to Sfr28.1m ($27.8m), while consolidated profit also rose 15%, to Sfr19.2m, with total operating expenses down 5% at Sfr290m.
However, forwarding results saw declines and gross profit was down 2.6% to Sfr173.1m.
Results in air freight implied the company was chasing market share at the expense of profit. While industry results for Q1 are not yet out, the market contracted in January and February, with industry-wide ...
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A new report calls on the UK government to increase support for the country’s rail freight sector, with decarbonisation among its core concerns.
The National Infrastructure Commission highlights the need for rail freight to join other industries in committing to cut all CO2 emissions by 2050.
Responding to the report’s publication, director general of the Rail Freight Group (RFG) Maggie Simpson said she was pleased with the steps it lays out.
“The commission ...
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AirBridgeCargo
Airlines (ABC) has chosen Worldwide Flight Services (WFS) as its handling
partner to accelerate its strategic partnership with Liege Airport ahead of the
opening of the first phase of its new dedicated cargo area at the airport at
the end of 2019.
The
cooperation is in support of the strategic partnership signed between ABC’s
parent company, Volga-Dnepr Group, and Liege to significantly increase
cooperation between the two companies, boosting AirBridgeCargo’s volumes to and
from the Belgian airport and placing Liege among the top five cargo airports in
Europe by 2020.
Royal Air Maroc - Wide Body capacity available LHR-CMN, Freighter Capacity LGW-CMN and beyond. Please call to discuss rates and services in further detail. LHR: 0208-7574730 Email: uksales@ecsgroup.aero
AirBridgeCargo
Airlines (ABC), one of the leading cargo carriers in the transportation of
special cargoes, and Sonoco ThermoSafe, a leading global provider of
temperature assurance packaging, have signed the leasing agreement for the
PharmaPort® 360 temperature-controlled container.
AirBridgeCargo Airlines, one of the market
leaders in the transportation of oversized and heavy shipments, has recently
transported its record breaking 40-tonne shipment, showcasing advantages of its
dedicated abc XL product.
The 8-meter long single spare part with a
weight of 37,500kg was trucked from the Belgian plant of Jan De Nul Group, a
leading maritime construction company from Luxembourg, to Frankfurt, which was handled
by the awarded forwarder Ziegler.
Tel: +44 (0)20 8757 4730
Tel: +44 (0)20 8757 4730
