LATEST NEWS

  • 22 Nov 2018 11:39 AM | Anonymous

    Original news was published on 21 November, 2018

    Hutchison Ports Barcelona Europe South Terminal (BEST), part of Hutchison Ports, has begun a weekly container rail service between Barcelona and Lyon.

    The new link adds to similar operations connecting the Catalan port with Zaragoza, Madrid, Pamplona, Miranda de Ebro, Tarragona and Burgos.

    BEST chief executive Guillermo Belcastro said the new service is a significant extension of the company’s multimodal offering, making it a competitive alternative for the logistics market “of both the peninsula and the rest of Southern Europe”. The average non-stop transit time is around six hours.

    The terminal’s rail traffic has doubled to 20 percent of full local traffic between 2010 and 2018 with almost a 100 trains a week serving points throughout the Iberlan Peninsular with eight mixed gauge tracks.

    For the first nine months of 2018, the Port of Barcelona reported a 10.5 percent year-on-year rise in rail traffic with a total of 199,000 TEUs arriving and departing. Overall container traffic rose 13.5 percent to over 2.5 million TEUs.

    *NEWS SOURCE

  • 21 Nov 2018 2:21 PM | Anonymous

    Dear All,

    Strong partners are going on to join Freight Forwarders Family from all around the world.

    Today it is our pleasure to share with you that HAN SHIN LOGISTICS CO.,LTD. is our new beginner level member from SOUTH KOREA.

    Let’s welcome our new member on board of the Freight Forwarders Family!

    Have a great cooperation together!
     
    HAN SHIN LOGISTICS CO.,LTD._SOUTH KOREA
    ADDRESS: 311-1, 366, Seohae-Daero, Jung-Gu, Incheon, 22332, South Korea
    CONTACT: DH Lee
    TEL: +82 32 221 2225
    FAX: +82 32 221 2226
    WEB: www.hanshin.biz

    VISIT WEBSITE (CLICK HERE!) | VISIT 3F PROFILE (CLICK HERE!)

  • 20 Nov 2018 2:49 PM | Anonymous

    Original news was published on 16 November, 2018

    Jet Airways has entered the record books with the highest uplift of cargo by an Indian carrier in a single flight to London.

    The airline carried 45 tonnes on a flight from Mumbai to London operated by a Boeing 777-300ER, with cargo including perishables, engineering goods, garments, courier, leather goods and consolidated cargo.

    Jet Airways Cargo senior vice president, Pradeep Kumar says: “Jet Airways operates B777-300’s on the India to United Kingdom route, which allow us to carry over 100 tonnes of cargo daily. The air cargo market between India and the United Kingdom is growing rapidly at over 14 per cent in the past three years, in sync with passenger loads on the sector.”

    Cargo services have contributed to the development of agriculture and trade in India by enhancing farmer’s access to overseas markets, particularly for exotic, high-end fruit including kiwi, strawberry, pineapple, dragon fruit and mangos.

    The airline’s pan-Indian network also provides access for farmers from the country’s North East, enabling them to export fresh produce directly from Guwahati to Dubai via Delhi as a transhipment hub to complete export formalities.

    *NEWS SOURCE

  • 15 Nov 2018 10:21 AM | Anonymous

    Dear All,

    New members are going on to join Freight Forwarders Family.

    Today it is our pleasure to share with you that VCK-VANUATU AIR (S) PTE LTD. is our new beginner level member* from SINGAPORE.

    Let’s welcome our new member on board of the Freight Forwarders Family!

    Have a great cooperation together!

    VCK-VANUATU AIR (S) PTE LTD._SINGAPORE
    ADDRESS: 15 Changi Business Park Crescent, #05-08, Haite Building, 486006, Singapore
    CONTACT: Gerard Goh
    TEL: +65 6542 3911
    FAX: +65 6542 1281
    WEB: www.vckvan.com.sg

    VISIT WEBSITE (CLICK HERE!) | VISIT 3F PROFILE (CLICK HERE!)

  • 15 Nov 2018 9:50 AM | Anonymous

    Original news was published on 13 November, 2018

    Terminal operating company QTerminals has reached major milestones by handling two million TEU and five million tonnes of general cargo by the end of October 2018, three times more compared to June 2017.

    The company, set up by Qatar Navigation (Milaha) and Qatar Ports Management Company (Mwani Qatar), explained that the surge in volume was achieved in record time with operations at Hamad Port only starting as of October 2016.

    “This important achievement is a clear indication of the status which Hamad Port has gained in such a short time. Its great success lies in having diversified and expanded its business base,” Jassim Saif Ahmed al-Sulaiti, Minister of Transport and Communications and Chairman of QTerminals, said. He added that the port “is playing a significant role in meeting the needs of local markets as well as servicing the country’s major projects.”

    Neville Bisset, CEO of QTerminals, explained that 2018 “has been a transformative year for the port management and operations industry.”

    He added that QTerminals’ objective is to optimize capacity and maintain the highest service levels, thereby driving the expansion and diversification of trading partners “for the benefit of Qatar’s economy and trade.”

    *NEWS SOURCE

  • 13 Nov 2018 4:53 PM | Anonymous

    Dear All,

    New members are going on to join Freight Forwarders Family.

    Today it is our pleasure to share with you that I.B. CARGO SRL is our new beginner level member* from ROMANIA with their Bucharest and Constanta offices.

    Let’s welcome our new members on board of the Freight Forwarders Family!

    Have a great cooperation together!
     
    I.B. CARGO SRL_BUCHAREST
    ADDRESS: Soseaua Bucuresti-Nord, nr. 10, Global City Business Park, cladirea O21, etaj10, camera 4, Voluntari, Ilfov - Bucharest, 077191, Romania
    CONTACT: Tudorita Burlacu
    TEL: +40 21 528 1300
    FAX: +40 21 528 1309
    WEB: www.ibcargo.com

    I.B. CARGO SRL_CONSTANTA
    ADDRESS: Port Constanta Sud Agigea Incinta 1A, Zona Libera Constanta Sud Depozit Predilect/IB Cargo, camera 02, Constanta, Romania
    CONTACT: Simona Trifan
    TEL: +40 73 377 4043
    WEB: www.ibcargo.com
       
    VISIT THEIR WEBSITE (CLICK HERE!) | VISIT THEIR 3F PROFILES (Bucharest & Constanta)

  • 13 Nov 2018 10:18 AM | Anonymous

    Original news was published on 12 November, 2018

    French shipping giant CMA CGM has decided to charter four vessels from containership charter owner, Poseidon Containers.

    Under the deal, Poseidon Containers, which recently entered a definitive merger agreement Global Ship Lease, will charter the 6,927 TEU boxships to CMA CGM for a period of five years.

    The charters for the containerships Mary, Kristina, Katherine and Alexandra were signed “at levels substantially above their prior contracted rates,” Global Ship Lease said, adding that the charters would deliver incremental annualized EBITDA of around USD 11 million compared to third quarter 2018 contracted rates.

    The new charter for Mary commenced recently, and the remaining three new charters are set to commence upon expiry of their existing charters during the first half of 2019. The company added that the new five-year charters would generate total EBITDA of USD 135 million over the five-year contract period.

    “Upon closing our transformational combination with Poseidon Containers, the enhanced long-term visibility through 2024 from contracted revenue and cashflow from these charters will strengthen GSL’s balance sheet and contribute to further deleveraging, which, together with increased EBITDA, will drive improvements in financial leverage,” Ian Webber, Chief Executive Officer of Global Ship Lease, said.

    “We are excited about joining forces with Poseidon Containers; as illustrated by these new charters, the combination will significantly increase our scale and ability to capitalize on favorable fundamentals in the mid-sized and smaller containership segments,” Webber concluded.

    *NEWS SOURCE

  • 12 Nov 2018 11:04 AM | Anonymous

    Dear All,

    New members are going on to join Freight Forwarders Family.

    Today it is our pleasure to share with you that in addition to their Peru office, BEAGLE SHIPPING S.A. has extended their presence in our network with their United States of America office BEAGLE SHIPPING INC. now.

    From now on, please also do not hesitate to contact them for your inquires of United States of America.

    Have a great cooperation together!
     
    BEAGLE SHIPPING INC._UNITED STATES OF AMERICA
    ADDRESS: 2801 NW 74th Ave, suite 107., Miami, 33122, Florida, United States of America    
    CONTACTS: Ricardo Tovar
    Juan Carlos Tovar
    Eduardo Vásconez
    Jennifer Yllas    
    TEL: +1 305 599 8095    
    FAX: +1 305 599 8096    
    WEB: www.beagleshipping.com    
     
    VISIT WEBSITE (CLICK HERE!) | VISIT 3F PROFILE (CLICK HERE!)

  • 08 Nov 2018 1:14 PM | Anonymous

    Original news was published on 7 November, 2018

    Philippine terminal operator International Container Terminal Services (ICTSI) witnessed a rise in its earnings supported by an improvement in volumes in the peeriod ended September 30, 2018.

    For the third quarter of the year, revenue from port operations increased nine percent from USD 314.6 million to USD 344 million, while net income surged by 22 percent from USD 45.7 million to USD 55.6 million.

    For the first nine months of 2018, the company’s revenue from port operations was at USD 1 billion, increasing by 10 percent over the USD 918.3 million reported in the same period in 2017.

    Net income reached USD 153.3 million, rising by three percent compared to the USD 149.3 million earned in the same period last year mainly due to strong operating income from organic terminals.

    The increase was tapered by the drag from new terminals and a USD 7.5 million non-recurring gain on the termination of the sub-concession agreement in Nigeria in the second quarter of 2017.

    For the quarter ended September 30, 2018, total throughput was six percent higher at 2.43 million TEUs compared to 2.29 million TEUs in 2017.

    ICTSI handled consolidated volume of 7.15 million TEUs in the first nine months of 2018, five percent more than the 6.83 million TEUs reported in the same period in 2017. The increase in volume was primarily due to improvement in trade activities at most of the company’s terminal locations and the contribution of new terminals in Lae and Motukea in Papua New Guinea, and Melbourne, Australia.

    *NEWS SOURCE

  • 06 Nov 2018 10:32 AM | Anonymous

    Original news was published on 5 November, 2018

    Turkish Cargo is increasing capacity in Vietnam by adding Boeing 777 Freighter flights to Ho Chi Minh City.

    The country’s largest city has high export potential with strong demand for electrical equipment, fuel, oil, accessories and textiles, chemical products and nuclear equipment from Europe.

    Ho Chi Minh City has a population of almost 10 million people and imports include electronic items, machinery and equipment, fuel, oil, iron and steel products, and plastics.

    Turkish Cargo has been flying to Hanoi, Vietnam’s capital city since 2015.

    *NEWS SOURCE

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