Logistics News

US intermodal loadings in Q4 2009 decrease 6.4pcFeb 26, 2010

INTERMODAL loadings in the United States fell 6.4 per cent in the fourth quarter year on year to 3,266,729, according to the latest report from the Intermodal Association of North America (IANA). During the quarter under review, US domestic containers rose by nine per cent year on year to 1,068,754, while all domestic equipment increased by 0.8 per cent t...

SCI's liner shipping unit loses US$62 million in 2009 Feb 26, 2010

THE Shipping Corporation of India (SCI) has registered an operating loss (EBIT) of INR2.8 billion (US$62 million) from its liner shipping business in 2009, reports the Paris-based maritime consultancy Alphaliner. The carrier's liner shipping operations include its breakbulk and container shipping businesses which saw revenue fall by 11 per cent during th...

Hamburg Sud slot charter deal ups frequency on MGX service Feb 26, 2010

HAMBURG Sud is to replace its current Med-Caribbean service through a slot charter agreement with Hapag-Lloyd's MGX service, allowing greater frequencies while maintaining current coverage of ports in the Mediterranean, the Gulf Coast of Mexico and Atlantic/Gulf Coast of the US. The new integrated Mediterranean Mexican Gulf Express (MMGX service) will be...

Yangtze Port of Nantong January box volume soars 46.3pc Feb 26, 2010

EASTERN China's Port of Nantong, north of Shanghai near the mouth of the Yangtze, registered a throughput of 33,000 TEU in January, a strong growth of 46.3 per cent over the same month in 2009, breaking the fastest growth record in nearly two years, Xinhua reported. The port's cargo throughput tonnage also set up a new fastest growth record of 24.3 per ...

Maersk Line's AE10 Asia-Europe service calls at HamburgFeb 26, 2010

DENMARK's mighty Maersk Line has added a port of call in Hamburg to its AE10 service that connects the ports of Shenzhen-Dachan Bay, Ningbo, Shanghai, Kaohsiung, Shenzhen-Yantian, Hong Kong and Tanjung Pelepas to Europe. Containerised shipments transported on the AE10 and Maersk's AE1 and AE2 services are loaded and unloaded at the Eurogate Container Te...

Shenzhen January container volume recovers with 16pc increase Feb 26, 2010

THE Port of Shenzhen's throughput recovered in January after 10 months' continuous decline, Xinhua reported. Statistics from the Shenzhen Transport Commission show that the port's throughput increased 29 per cent year on year and 1.05 per cent month to month to 18.69 million tonnes, while container throughput rose 16.14 per cent year on year and 2.24 p...

US cries out for badly needed export container capacity Feb 26, 2010

US exporters are complaining about the lack of available containership space to transport their goods and the increased use of slow steaming by carriers on outbound journeys, reports American Shipper. "Currently and for the foreseeable future, the ability of US exporters to meet the demand of their customers will be constrained by the lack of ocean carrie...

Westbound Transpacific Stabilisation Agreement hikes US-Asia rateFeb 26, 2010

THE Oakland-based Westbound Transpacific Stabilisation Agreement (WTSA) has announced its recommendation that its 10 member lines levy a rate increase of US$240 per TEU and $300 per FEU on cargo from the US to Asia from April 1. The WTSA carriers have "additionally proposed" a rate increase on reefer cargo from April 1 of $240 per TEU and $300 per FEU and...

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