LATEST NEWS

  • 27 Oct 2014 9:59 AM | Anonymous
    Original news was published on 26 October, 2014

    DUBAI global terminal operator DP World has welcomed the first scheduled vessel at its new Terminal 3 in its home port of Jebel Ali. The 8,500-TEU APL Phoenix called at the terminal, which will add 4 million TEU to Jebel Ali's capacity, when fully operational, taking the port's total capacity to 19 million TEU.

    The US$850 million terminal's 18-metre draught alongside enables the port to handle as many as 10 ultra large containerships at one time.
    Terminal 3 has 19 remotely-operated quay cranes and 50 automated rail-mounted gantry cranes (RMG).

    DP World chairman Sultan Ahmed Bin Sulayem said Terminal 3 will be the world's largest semi-automated terminal and will be 30 per cent more carbon efficient than a traditional terminal.
    Mr Sulayem also said the coming connection of Etihad Rail to the port will add a further dimension to its multi-modal supply chain. Jebel Ali was the worldis 9th biggest port in 2013 and by far the biggest in the Middle East, as it handled 13.6 million TEU, a three per cent increase year on year.

    *NEWS SOURCE

  • 25 Oct 2014 10:35 AM | Anonymous
    Original news was published on 22 October, 2014

    Brussels Airlines passengers flying to or from London Heathrow will arrive or depart from the brand-new Queen’s Terminal. This new terminal at Europe’s largest airport, built exclusively for members of the Star Alliance network and equipped with the latest technology, is the new London base of Brussels Airlines and 22 other Star Alliance members.

    Formerly Known as Terminal 2, The Queen’s Terminal is equipped with the latest airport technology to make certain that check-in, security and boarding go as smoothly as possible. Time-consuming transfers between the different terminals at London Heathrow will no longer be necessary and the minimum waiting time between two flights can be reduced to 60 minutes.

    Commenting on the terminal, Peter Cornillie, Vice President of Ground Operations at Brussels Airlines said, “Our move to the Queen’s Terminal is a big quality improvement for our passenger. In the past, passengers had to walk long distances, ride escalators up and down, and peak hours could get very busy, causing long queues. The new Queen’s Terminal has been designed with passengers’ needs in mind, and there will not be such issues any more.”

    *NEWS SOURCE

  • 24 Oct 2014 8:45 AM | Anonymous
    Original news was published on 23 October, 2014

    FRENCH shipping giant CMA CGM has acquired 7,000 FEU high cube reefer containers including 6,000 low consumption engines, to transport perishables - flowers, frozen food, wine and pharmaceuticals. These reefer containers are designed to reduce carbon 60 per cent compared to the first generation reefers. They also optimise the atmosphere control, and operate a phytosanitary cold treatment to lengthen the shelf life of perishables.

    "These investments strengthen CMA CGM's leading position in reefer transport which will become the most important vehicle of sensitive goods transport in the following years to come," vice president Alexis Michel, reported New York's MarineLink.
    The group said its investment in the new equipment enables it to increase reefer volume 13 per cent. With a reefer fleet of 185,000 TEU, the group has the second largest fleet of reefer boxes among the top shipping lines, and transports 850,000 TEU of refrigerated cargo annually.

    The company said its objective is to transport one million reefer TEU this year.

    *NEWS SOURCE

  • 23 Oct 2014 9:46 AM | Anonymous
    Original news was published on 22 October, 2014

    The Atlantic Supramax market continued to deal with an oversupply of ships in all its key regions, with demand for cargo insufficient for the time being in helping freight rates recover, according to Platts. On the US Gulf Coast, the number of open Supramax vessels remained high, with inquiry for front-haul and trans-Atlantic runs just enough to keep freight rates steady. The USGC-to-Asia grain route, basis 50,000 mt, was assessed flat on the day at USD 17,000/d. Also unchanged day on day was the USGC-to-Eastern Mediterranean petcoke route, basis 50,000 mt, at USD 12,500/d, Platts reports.

    A shipbroking source told Platts that trading on the USGC Supramax market came in sharp contrast to the USGC Panamax market, which was more positive for owners. But according to industry participants, the outlook for Supramaxes in the US Gulf might change for the better going forward. As the region is already overtonnaged, it ceased to be an attractive ballasting destination. So if inquiry levels stay consistent for Supramaxes, availability of tonnage would eventually tighten, Platts’ sources. In the neighboring US East Coast market, Platts reports that freight rates continued to come off as demand for cargoes was not enough to absorb a number of extra ships opening up in the area.

    The USEC-to-Eastern Mediterranean scrap metal route, basis 50,000 mt, was assessed at USD 14,000/d, down USD 1,000 from Monday. Across the Atlantic, a few more Supramax vessels were set to open up on the UK-Continent within the next 10 days, but demand for cargo out of the area was limited, which put additional downward pressure on freight rates.

    Platts reports that the Amsterdam-Rotterdam-Antwerp-to-Eastern Mediterranean scrap metal route, basis 50,000 mt, was assessed at USD 15,000/d, down USD 500 from Monday.

    *NEWS SOURCE

  • 22 Oct 2014 9:08 AM | Anonymous
    Original news was published on 20 October, 2014

    THE Port of Virginia posted an 8.6 per cent year on year container volume increase in September to 201,113 TEU, recording the third straight month throughput hit 200,000 TEU.

    It also erased last year's US$3.4 million quarterly operating loss with an operating profit of $4.3 million, reported the American Journal of Transportation.
    The port has generated an operating profit in the first three months of fiscal 2015 and in six of the last seven months in calendar 2014. Exports grew 12 per cent, or 12,080 TEU, while year-to-date numbers were up 7.1 per cent to 1,759,894 TEU, bringing in a September operating profit of US$102,827. "Heavy volumes and profitability continue, but our delivery of service to the motor carriers is not acceptable," said Virginia Port Authority CEO John Reinhart. "We are pushing our capacity limits at both Virginia International Gateway (VIG) and Norfolk International Terminals (NIT)," Mr Reinhart said. "We're already working vessels at Portsmouth Marine Terminal (PMT) and that move is designed to provide a measure of relief to VIG and NIT, but our truck gates and service time remain an immediate area of focus," he said. In September, truck volume increased 21.9 per cent. The port moved 76,782 containers by truck in September.

    "As a result, we're experiencing congestion at our truck gates and increased turn-times and this is putting a burden on our motor carriers," Mr Reinhart said.
    But the rail new was good. "On Columbus Day (October 13), the rail operation at NIT processed 1,173 containers, a new single-day record for that terminal. In rail we are hitting our tempo, and now we need to achieve that at the truck gates." In a year-to-date comparison, rail volume is up 4.4 per cent; Virginia Inland Port (VIP) up 17.4 per cent; barge containers up 8.2 per cent; truck containers up 8.6 per cent; ship calls up three per cent; and vehicle units up 6.4 per cent.

    In September, the port worked 167 vessels (container, breakbulk and ro-ro).

    *NEWS SOURCE

  • 21 Oct 2014 9:14 AM | Anonymous
    Original news was published on 20 October, 2014

    CHILE's Compania Sud Americana de Vapores (CSAV) is moving closer to the G6 alliance of carriers ahead of its merger with alliance member Hapag-Lloyd.

    CSAV plans to add two services to its IMEX 1 loop on the Indian subcontinent and Middle East to northern Europe trade lane, reports Lloyd's Loading List.

    The move will have CSAV will take space on the G6 Alliance's loop four and loop six services that stop in India and the Middle East en route between Asia and Europe.

    *NEWS SOURCE

  • 20 Oct 2014 12:27 PM | Anonymous
    Original news was published on 19 October, 2014

    POSTING its highest monthly box volume since 2006, the Port of Los Angeles' September container throughput was up nine per cent year on year to 775,133 TEU.

    Year-to-date volumes were up 7.8 per cent to 6.3 million TEU. September exports increased 0.2 per cent 150,679 TEU while empties were also up 12.2 per cent during the same period.

    *NEWS SOURCE

  • 18 Oct 2014 12:26 PM | Anonymous
    Original news was published on 17 October, 2014

    AirBridgeCargo Airlines (ABC), part of Volga-Dnepr Group and Russia’s largest cargo airline, recently celebrated the delivery of its next brand new 747-8 Freighter.

    “It is our sixth Boeing 747-8Freighter and ABC has already experienced the outstanding payload and operating economics of the 747-8 family,” said Denis Ilin, Executive President of AirBridgeCargo Airlines. “We are really excited to celebrate this most recent addition to our fleet of Boeing 747s.”
    With delivery of the sixth 747-8 Freighter, AirBridgeCargo continues to follow its long-term fleet modernization strategy with a target to serve clients with the most sophisticated equipment. The new aircraft will be used on ABC’s existing route network linking Europe, Asia and the United States via the airline’s hub in Moscow. As from October 17, the new aircraft will join the ABC’s weekly schedule, just on time to provide the market and customers with additional capacity during the upcoming cargo season.

    With this addition AirBridgeCargo’s fleet consists of total 13 Boeing 747s, including six Boeing 747-8 Freighters, four Boeing 747-400ERFs (Extended Range Freighters), three Boeing 747-400 Freighters.The new 747-8 Freighter gives cargo operators the lowest operating costs and best economics of any large freighter airplane while providing enhanced environmental performance. It is optimized to provide greater revenue cargo-carrying capability than the 747-400, offering 16 percent more cargo volume while keeping its iconic nose door.

    *NEWS SOURCE

  • 17 Oct 2014 11:10 AM | Anonymous
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  • 17 Oct 2014 11:09 AM | Anonymous
    Original news was published on 15 October, 2014

    China’s shipbuilding industry has seen a slight boost in turnover, despite a slight dip in tonnage output during the first eight months of this year. Between January and August, the gross industrial output value of the 87 major shipbuilding enterprises in China saw growth of 9.8% year-on-year (y-o-y) to RMB 263.7bn. The gross output of ship manufacturing increased by 4.1% to RMB 129.5bn, according to data from the China Association of the National Shipbuilding Industry (CANSI).

    This was in spite of an 18.1% y-o-y decrease in aggregate shipbuilding in China, which fell to 22.08m DWT in total.
    Shipbuilding output for export accounted for just over 86% of China’s total output. New vessels for export totalled 19.07m DWT between January and August, down 7.3% y-o-y. The value of these exports was 4.5% more than during the corresponding period of 2013, with a value of RMB 111.6bn this year. New vessel orders placed during the eight-month period totalled 47.4m DWT, up 35.8% y-o-y. Export orders for new vessels increased by 50% y-o-y, totalling 44.65m DWT, and constituted 94.2% of total new ship orders at Chinese yards. At the end of August, there was a total of 153.7m DWT on order at Chinese shipbuilding enterprises, the CANSI data says, an y-o-y increase of just over one-third, and up 17.3% on the tonnage on order at the end of 2013. Of these orders, vessels for export accounted for 146.16m DWT – equal to 95.1% of China’s shipbuilding orderbook at the end of August. There was a 57.2% increase in tonnage on order compared to the same period last year.

    Big gains in turnover were also seen in China’s ship equipment and repair sectors. The gross output of the ship equipment industry grew 15.8% y-o-y to RMB 21.5bn over the eight-month period. The gross output of the ship repair sector increased 14.4% y-o-y to RMB 8.44bn.

    *NEWS SOURCE

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