Specialized news

Ocean Carrier Rate Revision Roundup for March 7

Ocean Carrier Rate Revision Roundup for March 7

Several container lines have scheduled rate hikes in multiple trade lanes from April to May, although any increases achieved could be temporary, as overcapacity continues to negatively impact carriers’ control over freight rates. Asia-Europe Maersk Line plans to raise rates on its trade from the Far East, excluding Japan, to North Europe by $525 per 20-foot container and $1,050 per 40-foot and 45-foot container, effective April 1. On the same date, Hapag-Lloyd hopes to boost rates on westbound shipments from the Far East, excluding Japan, to North Europe and the Mediterranean by $525 per TEU. In the eastbound direction from Europe to the... Read more > >
DHL and Etihad Cargo increase connectivity through the Middle East

DHL and Etihad Cargo increase connectivity through the Middle East

GERMAN express delivery giant DHL and Etihad Cargo have agreed to share capacity on DHL's new five times a week freighter service operating through Abu Dhabi. The new cargo services use DHL's Airbus A300-600s, operating from Bahrain to Abu Dhabi and on to Bagram, Lahore and Karachi and back to Abu Dhabi, where cargo can transfer Etihad Cargo destinations. The DHL Abu Dhabi service started in January and has already resulted in improved transit times for DHL cargo coming to the UAE from cities in Europe, the Middle East, Asia and North America. DHL shipments from the United States to Abu Dhabi now... Read more > >
N Europe ports’ box volume to rise by 4pc in 2014: Global Port Tracker report

N Europe ports’ box volume to rise by 4pc in 2014: Global Port Tracker report

MARITIME consultancy Hackett Associates in its latest edition of North Europe Global Port Tracker has forecast that total volume in the six major north European container ports of Le Havre, Antwerp, Zeebrugge, Rotterdam, Bremen/Bremerhaven and Hamburg will increase by 3.9 per cent in 2014. The report, produced together with the Institute of Shipping Economics and Logistics, said this annual throughput will exclude transhipment and empty container moves, with exports expected to be up 3.4 per cent, following a 1.6 per cent increase from 2012 to 2013, the Logistics Management reported. With growth in Eurozone nations seeing a mere 0.5 per cent GDP,... Read more > >
VLA chairman warns of fiercer competition in logistics

VLA chairman warns of fiercer competition in logistics

The chairman of Vietnam Logistics Business Association (VLA) has notified that local logistics firms will have to cope with tougher competition in a very near future when Vietnam opens the market wider for foreign companies as part of the country’s further regional and global integration. [caption id="attachment_174" align="aligncenter" width="450"] The aircraft of Vietnam Airlines and Jetstar are seen at Tan Son Nhat Airport in HCMC. VLA Chairman Do Xuan Quang says infrastructure is one of the bottlenecks that restrain logistics growth in Vietnam.[/caption] Do Xuan Quang said foreign companies were currently allowed to own a maximum stake of 49% in a logistics... Read more > >
Freight logistics sector can build a foundation of future growth for Vietnam, WB report

Freight logistics sector can build a foundation of future growth for Vietnam, WB report

Two reports released by the World Bank (WB) on January 7 provided new insights on Vietnam’s freight logistics sector, including inland and coastal waterways, highlighting that it can be a new driver of growth for Vietnam. The report “Efficient logistics: A key to Vietnam’s competitiveness” found that logistics operations in Vietnam are costly relative to key regional peers like China, Malaysia, and Thailand. It is estimated that Vietnam’s shippers spend approximately USD100 million annually in extra inventory carrying costs incurred due to import-export clearance delays; and this amount is projected to reach USD180 million by 2020. Various factors contribute to the high cost,... Read more > >
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