Reuters: Neptune Orient Lines (NOL) , the world’s seventh-largest container shipping firm, has reported a wider than expected third-quarter loss and warned for a possible full year loss for the year ended December 2011.
The economic slowdown has badly hurt the global shipping industry this year as freight rates sink, derailing the recovery it saw in 2010 following heavy losses in 2009 due to the global recession.
Read More →
MUMBAI, (Reu-ters): India’s shipping regulator has proposed to set up an inter-modal logistics provider with state-run Shipping Corp of India , Container Corp of India and Central Warehousing Corp of India as shareholders, a top official told reporters on Thursday.
The state-run firm, to be known as Logistics Corp of India, will connect rails, roads and ports and invite private sector partnership, Director General of Shipping S. B. Agnihotri said on the sidelines of a CII summit.
Read More →
Singapore Airlines Cargo has begun a twice-weekly Boeing 747-400 freighter services to Frankfurt in Germany from 2 November 2011.
The freighter services will complement the cargo capacity available on Singapore Airlines’ twice-daily passenger flights between Singapore and Frankfurt.
Read More →
Eurozone crisis makes industry outlook uncertain
COSCO negotiates lower charter rates
Many shipping companies hit hard by industry downturn
BOAO, China, (Reuters): Global shipping is in a downturn even worse than during the 2008 financial crisis, China’s transportation minister said on Thursday, with the outlook for the industry made increasingly uncertain by the European debt crisis.
The shipping industry, a bellwether of economic activity because of its role in world trade, saw freight rates plummet from mid-2008 to the end of that year.
Read More →
Bahrain’s national carrier launches new cargo umbrella with innovative features and value additions to customersBahrain’s national carrier, Gulf Air, last week announced the launch of ‘Falcon Cargo’, its newly branded cargo umbrella offering more innovative, cost effective features, products and services to its customers.
Falcon Cargo offers a comprehensive suite of services that include Falcon Express, mail, courier, diplomatic and general cargo, animal transportation, dangerous goods, high value cargo as well as other shipments that require special handling.
Supported by a state-of-the-art cargo handling system, Falcon Cargo promises quicker decision-making, faster...
Korean Air Cargo has launched a new mobile website that offers a convenient and accessible cargo service to customers worldwide anytime, anywhere.
Customers can enter the mobile website through Korean Air Cargo’s homepage or by using the QR code. Smart phone and tablet PC users with Android, iOS and Blackberry 6.0 can simply key in the URL of Korean Air Cargo’s homepage, and then be directed to the mobile website automatically.
Read More →
Reuters: China Shipping Container Lines Co Ltd said it ordered eight 10,000 TEU vessels from two Chinese shipyards for a total of $754.24 million to improve economies of scale and strength competitiveness.
Read More →
BEIJING, (Reuters): China will go after “looters” who look for treasure from sunken ships in the disputed South China Sea without permission, but will face a tough job in doing so as the waters are so extensive, state media said on Friday.
Some treasure seekers have used explosives to get at the porcelain, gold and silver contained in ships which have sunk around the Paracel Islands, which lies on the maritime route of the old Silk Road, Xinhua news agency said.
Read More →
Emirates SkyCargo, a leading player in the industry move towards e-freight, has added further momentum to the drive by announcing that electronic air waybills (e-AWBs) are now being used for 100 per cent of shipments from its Dubai hub.
The IATA e-AWB initiative aims to remove the requirement for paper air waybills (AWBs) – the contracts used for the transportation of air cargo.
By eliminating the need to print, handle or archive the paper AWB, the simplified air freight process brings benefits to businesses throughout the supply chain.
Read More →
The strike commenced by the private prime mover vehicle drivers on Saturday due to a malfunctioning of the computer system of the SL Customs has been called off following discussions.
On behalf of Sri Lanka Ports Authority (SLPA), Dr. Priyath B. Wickrama – the Chairman of SLPA, Capt. Nihal Keppetipola, Managing Director of SLPA, and Mrs. Sudharma Karunarathne, Director General of the Sri Lanka Customs and a number of senior officers including the Police were present at the discussions.
Read More →