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US CARGO carrier Southern Air is to acquire a further capacity of Boeing 747 classic freighters following its recent placing in service of six Boeing 777Fs by parent company Oak Hill Capital, while used aircraft and engines are cheap. The Connecticut-based airline fleet now adds to last year's purchases to include 12 747-200s, three 747-300s with an acti...
FORMER union organiser Antonio Villaraigosa, now the mayor of Los Angeles, has applauded a court refusal to give a summary judgment blocking the port's clean truck programme that bans independent truckers in favour of employee drivers - a measure supported by the Teamsters union. The American Trucking Associations (ATA) vainly argued before US Court of A...
TA ASIA Logistics has announced the addition of a 230-foot barge to its Singapore-Jambi (Indonesia) service from mid-December last year, to meet increasing demand from local cargo owners. The service launched in August 2009, initially deployed a 180-foot crane barge to operate this trade route. The port rotation is Singapore, Jambi, returning to Singapo...
MEDITERRANEAN Shipping Company SA (MSC) has unveiled plans to introduce a General Rate Increase (GRI) for exports from North America to Europe and the Mediterranean from April 1. The company said in a statement that this increase is "necessary to preserve the existing comprehensive range of services it provides in these areas as well as to advance freight...
THE 10 member carriers of the Canada Transpacific Stabilisation Agreement (CTSA) will raise bunker surcharge rates in April. For east coast ports, the fuel recovery charge will be US$581 per TEU, $727 per FEU, $817 per 40-foot high-cube and $920 per 45-footer. For west coast ports, the fuel recovery charge will be $294 per TEU, $368 per FEU, $414 per 40...
THE Shanghai Shipping Exchange has calculated that China's container freight rate has risen 17 per cent in 2010, close to the highs of g 2008 highs, reports Reuters. The Shanghai Shipping Exchange China Containerised Freight Index (CCFI), which takes data from most of the leading liners with operations in China, hit 1,168.31 points for the week ending Fe...
Abu Dhabi Ship Building (ADSB) has announced that it achieved a net profit of AED 114.39 million on revenues of over AED 1.16 billion for the year 2009, representing an Earning per Share (EPS) of 53.9 fils. The company also reported total assets of over AED 2.2 billion, a growth of 29 per cent over 2008 figures. "ADSB is proud to announce results for 2009...
Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) are recommending a further general rate increase (GRI) on ocean cargo moving from the U.S. to Asia. The move is part of an ongoing effort to restore rate levels after a sharp drop in the second half of 2009. U.S.-Asia freight rates are currently at the same levels as in ea...
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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