Media
Media
BUNKER surcharges will hit US$776 per TEU in June, up from the previous record of $766 applied by the EU banned Far Eastern Freight Conference, says Paris based maritime consultant Alphaliner. Increases come as oil prices near $100 a barrel, up 15 per cent from a year ago despite a recent commodity sell off. Thus far, June's bunker adjustment factors (BA...
ONCE the home of the world famous Cunarders, then the vital launch port for the U-Boat skirting north Atlantic convoys that kept Great Britain alive in World War II, Halifax now boasts of weekly calls by American Feeder Lines serving Boston, and Portland, Maine. In June, the American Feeder Lines start-up will begin weekly calls at the three ports with a ...
DEUTSCHE Post DHL has announced first quarter net profit increased 27 per cent to EUR325 million (US$461.78 million) - if the last year's $2 billion sale of its Postbank were removed through the equation. That extraordinary income item put last year's net profit to $2.45 billion. Without it, 2010 first quarter EBIT only increased 22.9 per cent to EUR629...
CHONGQING posted an international cargo throughput of 1.6 million tonnes from January to March, while container cargo totalled 85,000 TEU, Xinhua reports. Waterborne import and export laden containers totalled 54,800 TEU. Those transported by rail soared 79.6 per cent to 476 TEU. Imports and exports transported by air even shot 376 per cent up to 97.2 mil...
THE newly created freight derivatives and indices market on service contracts is to be discussed by the US Federal Maritime Commission (FMC) in a secret session. Proponents say freight derivatives provide a hedging buffer for shippers' at the mercy of rates and rising surcharges while critics say that indices act like a "casino" for the physical market. ...
GERMANY'S Hapag-Lloyd has posted a first quarter year-on-year pre-tax profit (EBIT) increase of 140.2 per cent to EUR6.1 million (US$22.8 million), drawn on revenues of EUR1.4 billion, up 16.5 per cent. But after deductions of interest payments and taxes, a group result came to a EUR22.1 million loss. At the same time, the first quarter the cash flow on ...
DP World shareholders have approved a 1 for 20 share consolidation to “better reflect the value of the company”. DP World stressed that “there should be no change in value for shareholders as a result of the consolidation and treatment of fractions”. The share consolidation will take place prior to the commencement of trading on...
THE China Air Transport Association (CATA) objects to the European Union's plan to apply its carbon Emissions Trading System (ETS) to Chinese aircraft landing and taking off from European airports, China Daily reported. The US airline industry is also objecting to the rule, said the report. Starting in 2012, all aircraft flying in and out of Europe wi...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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