China Shipping Container Profit Falls on Fuel, Slower Trade

China Shipping Container Lines Co., the country's second-largest cargo-box carrier, said first-half profit dropped 45 percent after fuel costs surged and the global economic slowdown stunted demand. Net income fell to 637.2 million yuan ($93 million), or 0.05 yuan a share,...

Alternative Low-cost Terminal Will Seriously Impair Conditions for Cargo Traffic at Copenhagen Airport

Establishing a passenger terminal in the airport’s cargo area will seriously impair conditions for the growing cargo traffic in the south-eastern area which has been developed especially for that purpose. That is Copenhagen Airport’s conclusion after a meeting held today...

NOL CEO says buying Hapag-Lloyd risky-report

Singapore's Neptune Orient Lines (NOL) has not yet decided whether to go through with a bid for Germany's Hapag-Lloyd and the market environment for a purchase has deteriorated, NOL's CEO told a German newspaper. NOL last month submitted an indicative bid for Hapag-Lloyd,...

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Shipping Fuel Surcharges Grow As Oil Cost Falls

The cost of oil is coming down fast after a summer spike, but many Hawaii consumers are left wondering when they'll see a break from hefty "fuel surcharges." Hawaii's ocean carriers are going ahead with big fuel surcharge increases soon despite oil prices heading in the...

More Containers Are Falling Overboard

The P&O Nedlloyd Mondriaan was steaming off the coast of the Netherlands with its decks stacked high with containers from the Far East on Feb. 9, 2006, when it was hit from astern with waves driven by winds of force 8 to 9 on the Beaufort scale. As the vessel rolled...

Singapore Crosses One Billion Shipping Tonnage Mark Early

The Singapore maritime industry has crossed the one billion gross tons shipping tonnage mark way ahead than usual, judged against previous years. In terms of timescale, the mark was achieved four months ahead compared to four years ago when the shipping tonnage surpassed...

Borouge Awards Contract to Agility for the Shanghai Logistic Hub Services

Borouge has awarded a service contract to Agility (Abu Dhabi) PJSC to build the Borouge Compound Manufacturing Unit (CMU) and Shanghai Logistics Hub in Shanghai, China, and to provide local logistics services for Borouge’s customers in Asia for a duration of 10 years with...

Abu Dhabi Airport welcomes AirBlue

Touching down at 12:00hrs local time today, Abu Dhabi International Airport welcomed the first commercial flight into the UAE capital by AirBlue, Pakistan?s largest privately-operated airline. Initially set to operate four flights per week from Lahore to Abu Dhabi, AirBlue...

Shippers Face Multiple Challenges

Life isn’t easy these days if you’re a shipper. Shortages of vessel space and equipment, service changes by the carriers and multiple increases in freight rates and surcharges over the past year have combined to make the job even more challenging than it was. “You’re just...

Shipping Fuel Surcharges Grow As Oil Cost Falls

The cost of oil is coming down fast after a summer spike, but many Hawaii consumers are left wondering when they'll see a break from hefty "fuel surcharges." Hawaii's ocean carriers are going ahead with big fuel surcharge increases soon despite oil prices heading in the...

Hanjin Shipping Orders Five 10,000TEU Containerships

Hanjin Shipping has become the first Korean carrier to place an order of five 10,000TEU containerships. At Hotel Shilla in Seoul at 5 pm on August 24, 2006, Hanjin Shipping President & CEO Jung-won Park and Samsung Heavy Industries CEO Jing-wan Kim signed the contract...

Maersk Launches The Boomerang Service

Maersk Line launched the enhanced Asia to Australia service, which will bring a unique and innovative solution to servicing the Australian market. In creating a new and comprehensive 'pendulum loop', Maersk Line has combined three existing services into one single rotation....

NOL to Retain Hapag-Lloyd Brand & Staff

The new head of Neptune Orient Lines (NOL), Mr Ron Widdows, has promised that he will retain the staff and the brand name of Hapag-Lloyd should his bid for the fifth biggest container line succeed, Exim News Service reports. Mr Widdows, who was till recently the head of...

Shipping Rules Would Kill Just-in-Time Trade

Security is important, but as The News reports, Detroit's automakers worry that a proposed new federal regulation requiring that additional information about cargo shipments to the United States be collected 24 hours before it is loaded in foreign ports could cost billions...

Hanjin Shipping Launches Korea-Japan Dedicated Feeder Service

Hanjin Shipping has announced yesterday that it is launching a dedicated feeder service between Korea and Japan starting from August 24th, 2008. KJS (Korea-Japan Service) is a dedicated feeder service in which one 400 TEU vessel will rotate between Busan-Tokyo-Osaka-Busan...

Czech Airlines Celebrates 70 Years of Serving Budapest

This month, Czech Airlines is celebrating the seventy years since the start of its scheduled air service between Prague and Hungary?s capital, Budapest. The former Czechoslovak Airlines flew to the destination for the first time in August 1938. Presently, the Airline offers...

Sabre Airline Solutions Launches Mobile Check-In Self-Service for Air One

Checking in for your flight from a taxi, in a caf?, even while dropping the kids off at school is now a reality with the launch of Sabre Airline Solutions? New Mobile Check-In solution. Launched in conjunction with Italian carrier, AirOne, Sabre's latest innovative breakthrough...

JAL : Increases International Fare Fuel Surcharge

Today the JAL Group requested approval from the Japanese Ministry of Land, Infrastructure, Transport & Tourism (MLITT), to revise the fuel surcharge placed on all international passenger tickets issued for the 3 month period starting October 1, 2008. JAL has decided...

RJ Appoints a New GSSA For Cargo Sales in Germany

Royal Jordanian selected Cargoworks Europe to be its general sales and services agent (GSSA) in Germany, as the airline decided to outsource cargo sales activities. Thus Cargoworks will represent RJ Cargo effective September 1, 2008. RJ President/CEO Samer Majali said:...

Too Many Big Ships May Mean Excess Capacity

Authoritative Drewry Shipping Consultants says that too much emphasis is being placed by the liner shipping industry on the current strength of European-Far East trade lanes. As a result, the global marine consultant firm is seeing a great number of new orders for larger...

HKIA: Slowdown in Air Traffic

Passenger volume at Hong Kong International Airport (HKIA) grew 1.3%, to 4.5 million, in July 2008 while cargo throughput rose 0.7%, to 317,000 tonnes. Air traffic movements increased 2.1% from July 2007, to 25,895. Whilst the overall market slowed down, there were a few...

American Airlines to Expand Service to Brazil This Fall With the Addition of Three New Destinations

American Airlines will add three destinations in Brazil to its route network in November, further growing its presence in South America's largest country while expanding its leadership position in flights from the United States to Latin America. American, a founding member...

Shipping Firms Eye Link Between India, Europe

Container shipping firms are starting new direct services from India to Europe to take advantage of strong demand for exporting merchandise to the continent. Port Facing capacity constraints at the Jawaharlal Nehru Port of call: (above) in Navi Mumbai, firms are now turning...

Exporters Need More Shipping Containers

At ports, a shortage of cargo containers seems about as unlikely as cardboard boxes suddenly becoming obsolete. The weak dollar has made U.S. goods cheaper overseas and has created a new wrinkle for the shipping industry: Containers are increasingly hard to come by. “The...

Shipping Lines Told to Stop Fixing Unfair Surcharges

Shipping lines need to work with shippers on fair arrangements for freight charges under the higher fuel cost environment, according to shipper Alami group of companies. "They (shippers) would like to ask the shipping lines not to use the high prices as an excuse for unilaterally...

SIA's Load Factor Falls For Seventh Consecutive Month

Singapore Airlines (SIA) has suffered year-on-year load factor reductions in every month of 2008, the latest a 1.1 percentage point fall in Jul-08. Capacity growth in 2008 has been strong for SIA, with a further 8.2% year-on-year expansion in Jul-08. While this is great...

Indonesia Custom Office Has Dis-qualified 2,000 Custom Brokerage Companies

Within a year the Indonesia Custom Office has dis-qualified 2,000 custom brokerage companies (PPJK) which operate in Indonesia due to devious business practice. “We put emphasis on compliance and transparency," as quoted by Mr. Anwar Supriyadi, Director General of Custom...

UPDATE 2-Shipping Line NOL Faces Profit Squeeze Amid Hapag Bid

Neptune Orient Lines said it could finance a multi-billion dollar bid for rival Hapag-Lloyd, in spite of a 19 percent profit fall due to higher costs and tougher conditions which prompted investors to dump its shares. NOL management said its strong balance sheet allowed...

Market Rate ex. Jakarta/Surabaya to Europe

Inorder to comply with market trend for EU trade, we are now promoting our very competitive rates for your perusal. POL :  Jakarta / Surabaya Destination : (Hamburg/Rotterdam/Zeebruge/Antwerp/Lehavre ): US$ 1,750/d20' | US$ 3,150/d40' | US$ 3,350/d40'HQ  ...

Outsourcing Without Fear

A strong 3PL-client relationship can take the risk out of outsourcing. TMSi's Ron Cain identifies the perceived risks of outsourcing and counters them with solutions that guide a company through the development of a respectful and successful 3PL relationship. The thought...

NOL Group Appoints New President of APL Unit

NOL has appointed Mr Eng Aik Meng as President of its APL container shipping unit. Eng will rejoin the company, having previously served with NOL in a variety of roles from 1993 to 2007. Eng is currently Deputy Chief Executive Officer of Singapore-headquartered diversified...