Saturday, May 19, 2018
"We're quite confident that it has big, big implications in supply chain, transportation and logistics," FedEx CEO Fred Smith told at Blockchain conference in New York. "It's the next frontier that's going to completely change worldwide supply chains," he said.Blockchain uses computer code to record every step of a transaction and delivery in a permanent digital ledger, providing transparency. The ledger can't be changed unless all involved agree, reducing common disputes over issues like time stamps, payments and damages.FedEx's interest in Blockchain and the Internet of Things are part of the company's strategy to improve customer service and fend off competition, Mr Smith said. FedEx is working with an organisation called the Blockchain in Transport Alliance that is attempting to set industry standards for using the technology in transportation.Also sold on the potential of Blockchain is the UK's Transport Intelligence. Its new Ti report, "Why is Blockchain a Game Changer for Supply Chain Management."The global survey found that 56 per cent of supply chain executives believed that the technology was a "game changer". "A further 30 per cent believed it to be "an interesting trend" and only three per cent said it was "much ado about nothing".Part of the problem has been its conflation with crypto currencies such as Bitcoin and the distrust which this has engendered in the underlying technology, said the Ti report."There many companies need to share data between themselves, their suppliers, partners, customers and competitors, the most obvious being supply chain visibility, block chain is an exciting option." said Ti.
FedEx Express has consistently been recognised at the AFLAS Awards (previously known as AFSCA) every year since 2002."At FedEx, we are committed to providing the best solutions and service excellence to customers in the region," said FedEx Express Asia Pacific chief Karen Reddington. "This recognition clearly demonstrates our customers' confidence in our operational capabilities and best-in-class service offerings," she said.The annual AFLAS Awards are organised by Asia Cargo News magazine to honour organisations for demonstrating leadership as well as consistency in service quality, innovation, customer relationship management and reliability.
Mr Kempis will oversee all aspects of the airline's flight operations, taking up the post after 25 years at Cathay Pacific. He spent this time being responsible for managing the airline's flying standards, including checking and training activities. He is the Air Operators Certificate (AOC) holder for training at Cathay Pacific.Mr Kempis joined Cathay Pacific in 1993 as a first officer on the Boeing 747 fleet, later becoming a training first officer on the Airbus fleet and received his command in 2002. After joining the flight operations management team in a training management role in 2004, he was appointed chief pilot (Airbus) in 2008, where he was responsible for standards, flight-technical and operational matters on the Airbus fleet.The current director flight operations, Anna Thompson, will take up the position of director Human Resources at Swire Properties Limited.
"Bangladesh has been a very attractive sourcing market for retailers and a faster supply chain will strengthen that reputation in the region," said the founder of Sri Lanka's EFL Hanif Yusoof.The majority of apparel exports out of Dhaka carried on the freighter charters consist of sportswear, lingerie, loungewear, bridal wear, workwear, swimwear and children's clothing.The airline also offers bellyhold space on three times a day passenger flights out of Dhaka, offering a combined capacity of 900 tonnes out of Bangladesh each week for local exports, reported London's Air Cargo News.
JD and ESR will explore cooperation in multiple areas, including property development, fund management and investment across the region. China's e-commerce, the largest and most innovative in the world, has ignited a logistics boom, said the joint statement. According to the Bureau of Statistics of China, in the first quarter of 2018, online retail sales in China reached US$307 billion, accounting for 21.4 per cent of total retail sales. "The investment in ESR will further strengthen our relationship to solidify and expand our logistics networks," said JD Logistics CEO Zhenhui Wang. Said ESR chief executive Jeffrey Shen: "We are very excited to have JD.com become a long-term shareholder of the company."
This year's theme of the CIMC Vehicle Annual Trailer Seminar was "One Team One Dream: Connectivity in the Era of Globalisation".Speakers for the event included David Li, general manager of CIMC Vehicle, Dave Manning, chairman of ATA and Jeff Walker, CEO of CIMC Capital. Panel discussions were held covering topics such as embracing technology as a tool led by Frank Sonzala, president and CEO of CIMC Intermodal Equipment and Global Trailer Designs. Charlie Mudd, president and CEO of Vanguard National Trailer delved into the constantly evolving intermodal industry.
Stagecoach Group Plc and ally Virgin Trains will be stripped of the East Coast Main Line contract on June 24, with the route placed under the control of an "operator of last resort", Transport Secretary Chris Grayling told the Commons.The collapse of a franchise awarded in 2014 marks the third time in a decade that private companies have bailed out of running the 400-mile line. Mr Grayling said that while there'll be no nationalisation, East Coast will be recast as a partnership between public and private sectors.The opposition Labour Party favours taking the UK network back into public ownership, with its lawmakers immediately challenging Mr Grayling and saying the latest failure shows that the franchise model is fundamentally flawed.
The service provides shippers with a route between the quayside at Liverpool and Glasgow, minimising congestion, said a statement from Peel Ports.Liverpool Mayor Steve Rotheram officially launched the departure of the inaugural journey, which saw goods loaded in Liverpool and transferred to Mossend terminal in Glasgow. The service is expected to make Scottish exporters more competitive, and will comprise up to 30 rail cars carrying 40 containers per trip. The service will run on three days a week, with DB Cargo providing the rail haulage to transport Scottish exports destined for global markets via direct deep-sea routes from Liverpool.Scottish family-run company Walkers Shortbread, that produces 40,000 tons of biscuit a year, was one of the first to use the new rail service, exporting 700 containers a year to America. Kinross-shire based Cygnet PG, the largest potato producer in the UK, has also committed to the new service."We know that cargo owners are looking for more efficient ways of getting their goods from A to B, and this provides them with a way of doing that," said Peel Ports container chief Jouke Schaap. "It will also open up global markets for thousands of Scottish exporters looking to transport their goods around the world," he said.
Yang Ming president TS Chia Shanghai received the honour this year.The AFLAS Award was held by Asia Cargo News, while the candidates were nominated and voted by readers around the world. Yang Ming has won the award from two years in a row, and Mr Chia said appreciates the support and recognition from customers worldwide, vowing to enhance its intra-Asia service network and provide more reliable and comprehensive services.
The awards, organised by Asia Cargo News, recognise leading service providers including air and shipping lines, airports and sea ports, logistics, 3PLs and other associated industry professionals.Said Hutchison Ports Yantian chief Patrick Lam: "We are very honoured to be named Best Container Terminal in Asia, this is certainly an important milestone we all at Yantian are proud of."Yantian International Container Terminals is the leading gateway in South China and is one of the biggest single terminals in the world. It operates 20 deep-water berths and handled about one million TEU per month currently. Last year, the terminal achieved a record-breaking annual throughput of 12.7 million TEU with a growth of 8.6 per cent.
"We are confident that with this investment we will continue to ensure a high level of service for our customers and have the capacity to grow the scale of our operations in the UAE," said MSC president Diego Aponte.Under the terms of the agreement MSC will invest AED4 billion (US$1.1 billion) over the lifetime of the concession agreement, Dubai's Maritime Standard reported. It is believed that the terminal will be equipped with 13 new quayside gantry cranes and MSC will contribute to port dredging costs to enable the port to handle large bulk carriers and containerships. The investments planned are set to increase Khalifa port's capacity to 5.3 million TEU a year by 2020, making it one of the top 25 ports worldwide. The Khalifa port container terminal project will be handled by MSC's specialist subsidiary, Terminal Investments Limited (TIL).The deal with MSC follows on from an earlier agreement with Cosco Container Shipping Ports, which is in the process of developing a container terminal of its own at Khalifa port. ADP chief executive Captain Mohamed Juma Al Shamisi said: "We have successfully attracted two of the world largest companies in the field of shipping and container handling to develop a regional hub at Khalifa port. Over the next five years, the capacity of the two container terminals at Khalifa port will increase to more than 8.5 million TEU annually."An ADP statement indicates that MSC plans to gradually shift some of its container handling in the region to Khalifa port as soon as July this year.
Singapore-based ONE was established in July 2017 following the integration of the container shipping operations of "K" Line, MOL and NYK, Dubai's Maritime Standard reported. ONE's EC5 service links Asia to the east coast of North America and calls at Laem Chabang, Thailand; Cai Mep, Vietnam; Singapore and Colombo before getting to the Atlantic via Suez and then calling at Halifax, New York, Savannah, Jacksonville and Norfolk. The eastbound leg stops at Halifax, Jebel Ali and Singapore.Opened in 1999 SGAT was Sri Lanka's first private terminal. It has seen almost continuous year-on-year volume growth ever since and achieved a container throughput of 1.8 million TEU in 2017.
Revenues generated by the company's port and special economic zone operations was up by 34 per cent to INR1.1 trillion US$16.2 billion. Said Adani CEO Karan Adani: "It has been another year of strong performance. We will continue to give thrust to increasing capacity utilisation and improving operational efficiencies."Adani Ports is India's largest port company with operations in Mundra, Hazira, Tuna Tekra (Kandla) and Dahej in Gujarat, Dhamra in Odisha, Katupalli and Ennore in Tamil Nadu. It also operates specialised coal handling facilities at Mormugao in Goa and Visakhapatnam in Andhra Pradesh and is in the process of setting up a container transhipment hub at Vizinjham in Kerala.
The City of Oakland intends to appeal the ruling that held the municipal ban was based on information "riddled with inaccuracies, major evidentiary gaps, erroneous assumptions and faulty analysis", reported American Shipper.California Capital & Investment Group plans to build the Oakland Bulk & Oversized Terminal (OBOT) on land leased from the city. The city acquired the land from the federal government after the Oakland Army Base, near the base of the Oakland-San Francisco Bridge, was closed.Said Judge Chhabria: "Regulation can be applied if the city determines that [it] would pose a 'substantial danger' to the health or safety of people in Oakland. Any such determination must be supported by 'substantial evidence'."But when the city council learned that coal was one of the commodities the terminal might handle, it responded with an ordinance banning coal operations.Judge Chhabria said the "substantial evidence" standard is deferential, that the city was right to say it has a special obligation to protect vulnerable members of its community such as Oakland residents living adjacent to the terminal, and that 'local policy makers are not required to take it on faith that existing federal or state pollution standards will adequately protect people". But Judge Chhabria said Oakland was wrong in asserting that the information before the city council "contained substantial evidence that the proposed coal operations would pose a substantial health or safety danger". "In fact, the record is riddled with inaccuracies, major evidentiary gaps, erroneous assumptions and faulty analyses, to the point that no reliable conclusion about health or safety dangers could be drawn from it," he said. He concluded that the resolution applying the coal ban was a breach of the development agreement between the city and the developer of the bulk terminal.
This development was driven by Asian traffic, which increased 8.9 per cent. A lower share of feeder traffic and higher storage fees meant that HHLA's revenue increased moderately by 4.9 per cent to US$226.8 million.Its segment operating result (EBIT) also rose by 2.6 per cent to $38.6 million, with its EBIT margin amounting to 17.1 per cent.HHLA's container transport declined by 5.3 per cent due to the realignment of Polzug's intermodal transportation activities, but has not affected HHLA's expectations for its Port Logistics subgroup EBIT, which has increased by 3.3 per cent."Following a good start in the first quarter, we are confident that we will achieve our targets for the year," said HHLA chairwoman Angela Titzrath."Furthermore, we have set up a structured process that will allow us to continually select and evaluate potential value-adding acquisition targets. One of the first results of this process is the acquisition of the largest terminal operator in Estonia, Transiidikeskuse AS in the port of Muuga," she said.
The biggest and most widely applied would be the increase of US$200 per TEU on cargo from Asia to South Africa effective June 1 with Asia being defined to include Korea, Taiwan, Southeast Asia and Bangladesh in this case.Also announced was the CMA CGM's $50 per TEU rate increase from Canada to Asia, the Middle East and the Indian subcontinent effective June 11 with Asia in this case defined to include the Middle East and the Indian subcontinent.To which, the Marseilles-based company added an "emergency port congestion surcharge" in Rades, Tunisia, of $120 per TEU from May 15 (bill of lading date) for worldwide origins & destinations except US trades.CMA CGM also increased the rate on cargo from the Middle East Gulf to Mutsamudu and Moroni, Comoros by US$100 per TEU on June 1.
But the Danish shipping giant's revenue was up only 10 per cent, if the contribution of Hamburg Sud, which it purchased last year, went uncounted, reported American Shipper.First quarter gains were also driven by the sale of Maersk Oil to the French oil company Total in March, said Maersk group CEO Soren Skou, who also noted the company now owns 97.5 million shares of Total valued at $6.2 billion.Maersk's quarterly ocean revenue was up 38 per cent of $6.8 billion, the result of a 24 per cent increase in volume from the Hamburg Sud which lifted an additional to 3.2 million FEU. Without that, Maersk sea freight revenue would have been up nine per cent with volume rising 2.2 per cent.He also said he plans to return a material portion of the value of those shares to Maersk shareholders in the form of an extraordinary dividend, share buy-back or distribution of the Total shares to Maersk shareholders this year or in 2019. Quarterly pre-tax profit increased five per cent to $669 million. The higher EBITDA was "positively impacted by Hamburg Sud purchase with $88 million and strong performance in terminals and towage, but hit by a $100 million currency exchange loss.