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THE April 15 spot rate from Shanghai to the US west coast ports was US$890 per TEU, down 18 per cent from the week before, while the rate to north Europe was $963 per TEU, down 18 per cent from the week before, according to the Shanghai Containerised Freight Index. At the same time, the rate from Shanghai to New Zealand and Melbourne was $784 per TEU, up ...
NEWLY founded steel trading markets in Dongguan, Guangdong's manufacturing base, are to stimulate the development of the city's logistics business, according to an unnamed analyst from Puhui Ratings, a domestic consultancy company. With fast development of logistics, large domestic traders like Sinosteel and China Minmetals grow rapidly and become to l...
The global container market is poised to consolidate in the next few years as the world's top lines roll out bigger vessels, potentially forcing smaller rivals to drop out of an already oversupplied market. Medium-sized container firms told Reuters that a move by the majors to flood the market with mega ships could spark a "rate war" similar to 2009 when...
From clothing and electronics to home furnishings and building materials, retail sales in March increased across the board for the ninth straight month. According to the National Retail Federation, retail industry sales (which exclude automobiles, gas stations, and restaurants) for March increased 0.6 percent seasonally adjusted from February and 3.9 per...
Time matters posted record revenue of US$112 million last year and “significantly increased profit” as the specialist speed logistics operator focused on expanding the business. The independent company, a Lufthansa Cargo spin-off, provides customers with tailor-made transport solutions on short notice, which are especially effective for logist...
MAERSK Line, the world's largest carrier, has announced it will increase the freight rates from east coast US to Far East, starting May 15. For cargo from Newark, Norfolk, Savannah, Miami and Mobile, the rates will be raised by US$90 for TEU and $100 for FEU and 45-footers. (Source:http://www.shippingazette.com)
HONG KONG's No 2 ground handler, Asia Airfreight Terminal Co Ltd (AAT), has announced its March throughput hit 63,271 tonnes, an increase of 12 per cent year on year. Export cargo registered 45,137 tonnes, a growth of 11 per cent. Import cargo volume for March was up 11 per cent to 17,440 tonnes. Transshipment volume came to 693 tonnes, up 83 per cent ...
QANTAS Airways will resume flights between Sydney and Tokyo from April 19 after taking advice from the International Air Transport Association (IATA), International Civil Aviation Organisation (ICAO), Australian Radiation Protection and Nuclear Safety Agency and World Health Organisation (WTO). "Together with advice, and our own assessment, Qantas is no...
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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