Friday, October 20, 2017
The transfer takes place at the end of October and will see SIA Cargo halve its freighter flight schedule at Schiphol. It is possible that Brussels will win further freighter flights from Schiphol, although this could not be confirmed, London's Air Cargo News reported.Russian carrier AirBridgeCargo is also to switch a number of freighter flights, this time to Belgian hub Liege, as a result of the Schiphol slot shortage.
This new community will work towards the continuous strengthening of Changi's capabilities to handle pharmaceutical air cargo, said a CAG communique.Together with CAG, the partner companies who signed the Memorandum of Understanding (MoU) are Bollore Logistics, CEVA logistics Singapore, DHL Global Forwarding, dnata Singapore, Expeditors Singapore, Global Airfreight International, SATS, Schenker Singapore and Singapore Airlines Cargo.These nine companies, which span across the air cargo supply chain, have achieved the IATA Centre of Excellence for Independent Validators Certification for Pharmaceutical Handling (IATA CEIV Pharma).As part of the MoU, the companies will jointly pursue the best standards in pharmaceuticals handling and will promote Singapore Changi Airport as the pharmaceuticals air cargo hub in the region. This includes initiatives such as assessing new and emerging pharmaceutical logistics trends and technologies, as well as the implementation of pilot projects."As the first air cargo community in Asia Pacific to attain the IATA CEIV Pharma certification, the new Pharma@Changi initiative aims to strengthen Singapore's capabilities in pharmaceutical air cargo handling," said CAG air hub development chief Lim Ching Kiat.Over the last three years, pharmaceutical cargo has consistently ranked among the top five cargo types transported via air freight globally, in terms of total value, he said.In the first eight months of 2017, Changi Airport handled more than 15,500 tonnes of pharmaceutical cargo.Said IATA vice president Nick Careen: "The Asian freight market is the largest in the world, accounting for 40 per cent of total global trade. This is great news for the supply of pharmaceuticals across the region."
Hactl again walked away with the Ground Handler of the Year award (Customer Choice), marking its sixth success in the category. And for the second year in a row, the company also won the Green Award (Customer Choice), recognising its continuing strong efforts in the area of environmental protection.Meanwhile, subsidiary Hacis maintained its four-year run of successes, winning both Customer Choice and Industry Choice sections of the Regional Logistics Provider of the Year category.Hactl executive director Vivien Lau (who is also managing director of Hacis) and finance director Amy Lam accepted the awards at a gala ceremony held at the Crowne Plaza, Changi Airport, attended by hundreds of senior representatives of the air cargo industry.Ms Lau commented: "It was a great surprise and honour to receive the four awards. We especially value those which result from online voting, as these clearly reflect the genuine views of our customers and users. We thank all those who supported us with their votes."Our long-running success in these awards is extremely gratifying, but we do not take this success for granted. Hactl and Hacis will continue to invest, to innovate and to drive excellence in all aspects of their businesses. Customer satisfaction and continuous improvement remain our goals."In this year's awards, 90 nominations were received, and 25,000 votes were cast online for the Customer Choice awards, a company release said.
The company's third-quarter net turnover rose 14.9 per cent year on year to CHF4.7 billion, according to its latest financial statements, reported American Shipper.In the first nine months of 2017, earnings amounted to CHF540 million on a net turnover of CHF13.5 billion, up 1.3 per cent and 10.4 per cent year on year, respectively.Broken down by segment for the first three quarters of the year, the sea freight segment saw volumes rise by eight per year on year. Kuehne + Nagel's strongest volume increases were realised in all US trades, and the company also recorded double-digit growth in the Latin America trades.However, the sea freight segment's earnings before interest and taxes for the first nine months of 2017 declined by 9.4 per cent year on year to stand at CHF308 million.The air freight segment's volumes for the first nine months of the year soared by 19 per cent compared to the same period in 2016, growing twice as fast as the market. The company gained new business in the pharmaceutical, high-tech and automotive industries, while perishables logistics continued to develop "very successfully," the company said.EBIT in the airfreight segment totalled CHF227 million for Q1-3, an increase of 3.2 per cent year on year.In addition, the overland segment's EBIT reached CHF36 million, up from CHF18 million for the first nine months of 2016, while the contract logistics segment's EBIT totalled CHF114 million, up 14 per cent from the first nine months of last year.
The new rail tracks will be built by Network Rail. The project is valued at EUR60.4 million (US$71.3 million) and will be jointly funded by Network Rail and Hutchison Ports, reported American Shipper."Rail is an increasingly important differentiator as shipping lines and cargo owners look to remove carbon from their supply chains. The port of Felixstowe already has the widest choice of rail services in the UK with 33 daily services to 17 different inland destinations," executive director Clemence Cheng of Hutchison Ports and CEO of the port of Felixstowe was quoted as saying."This scheme complements the investment we have made in rail capacity at the port and will allow us to offer an even greater range of sustainable distribution options to our customers. Over 100 million HGV miles per year are already saved by using rail freight from Felixstowe and we look forward to that figure increasing significantly in future," said Mr Cheng.UK logistics companies and railways welcomed the enhancement project: "We are delighted that the port of Felixstowe's improvement plans have been given the go-ahead which will create much needed additional rail freight capacity at the port," said Freightliner's UK managing director, Adam Cunliffe."As well as satisfying growing customer demand, the environmental benefits of moving freight by rail are significant, and we look forward to operating increased services once the enhanced rail connections are complete," Mr Cunliffe added.
North Korea's trade deficit with China in the first nine months of the year more than tripled from the same period of 2016, to US$1.07 billion, China's customs administration spokesman Huang Songping said at a briefing in Beijing, reported SCMP.With China's support, the UN has agreed on two rounds of sanctions since the beginning of August, including bans on North Korean exports of iron, coal, lead, seafood, textiles, and oil import restrictions.Although, there are no records of seafood imports from North Korea, shipments of coal, iron ore and clothing all contracted, Mr Huang revealed.Ninety per cent of North Korea's documented trade was with China in 2016. Beijing has been under pressure from the US to show it is complying with UN sanctions designed to put an economic squeeze on Mr Kim's weapons programmes. However, Beijing is reluctant to trigger an economic collapse and chaos over its shared 1,350 kilometre border.In spite of North Korea's exports declining via official channels, there is evidence that the country is smuggling shipments to and from China. North Koreans use boats, cars, trucks and several rail lines to carry everything from seafood to diesel fuel and mobile phones back and forth across the border, according to a report by Bloomberg News.In the first nine months of the year, China's overall trade with North Korea increased by 3.7 per cent year on year to $4.03 billion, down from 7.5 per cent for the January through August period.China's exports to North Korea from January to September increased 20.9 per cent to $2.55 billion, while imports declined by 16.7 per cent to $1.48 billion.
In September, exports increased by 8.1 per cent compared to the same month a year earlier, while imports beat forecasts, growing 18.7 per cent. That left China with a trade surplus of US$28.47 billion for the month, the General Administration of Customs said.Demand for Chinese products has proven robust as growth in major trading partners holds up, though this trade report also gets a boost from a comparison with a low base last year. The official factory gauge rose to a five-year high in September, and the International Monetary Fund has just raised its global growth forecast as well as its estimate for China.Trade also has improved across Asia. Exports surged to records in September in both South Korea and Taiwan, while August data has shown strengthening in Singapore, Malaysia and Thailand, reported Singapore's The Strait Times quoting Reuters and Bloomberg."The global economy is doing better," senior China economist Donna Kwok of UBS Group in Hong Kong was quoted as saying in a Bloomberg TV interview.China's trade surplus with the US rose to the highest record for any single month, based on Reuters calculations from the Customs data. The surplus in September rose to $28.08 billion versus $26.23 billion in the previous month.
With the addition of the Taiwanese port Zim will be offering a unique product connecting Kaohsiung and Wilmington in the US. It will offer a premium product for Taiwanese exporters to Savannah and Wilmington."The new call is part of Zim's ongoing efforts to improve and enhance our portfolio on the Asia-US East Coast trade and cater for market needs," the container line said.The Seven Stars Express Service is operated solely by Zim with eleven 5,000 TEU vessels, according to Seatrade Maritime News of Colchester, UK.The new rotation of the service will be: Kaohsiung, Da Chan Ba, Yantian, Cai Mep, Port Kelang, Colombo, New York, Norfolk, Wilmington, Savannah, Port Kelang and returning to Kaohsiung.
SHI's initial price of $164 million included propulsion options, which look like they have been jettisoned, according to the latest weekly report from container analysts Alphaliner. MSC had originally mulled going down the LNG fuel route for its new ship orders.The six 22,000 TEU ships are all scheduled for delivery by December 2019. They add to orders for five ships of the same size that MSC placed with Daewoo Shipbuilding & Marine Engineering (DSME). The DSME ships do still come with LNG propelled engines.Rival CMA CGM has ordered nine 22,000 TEU ships in China, all coming with LNG-fuelled engines, Splash 24/7 of Singapore reported.
"It is necessary to raise capital to purchase more large containerships and acquire stakes in shipping terminals around the world," an HMM official said in a report from the Korea Times, according to American Shipper. "We will continue to work hard to enhance our core competence and cut costs to provide exporters and importers with optimal shipping solutions at affordable prices."HMM is set to purchase two 11,000-TEU containerships from Hanjin Heavy Industries & Construction in May 2018 for a combined cost of KRW182 billion. The vessels are likely to be deployed on the east coast of South America trade.In April, HMM signed a letter of intent with Daewoo Shipbuilding & Marine Engineering for the construction of five very large crude carriers (VLCCs) with an option for five more. The ships are scheduled for delivery in the first half of 2019.During a board of directors meeting at the end of August, HMM finalised its plan to invest KRW470 billion in new facilities for the construction of the VLCCs, and the plan will be financed through the New Shipbuilding Programme.
The report says supplementary investigation will need to be carried out before any charges can be brought against Mr Cho.Originally, police had filed an arrest warrant over misuse of funds, relating to renovations carried out on Mr Cho's personal property using Hanjin Group company cash, ch-aviation of Switzerland reported.Mr Cho is the Chair of Hanjin Group, which in turn is the parent company of Korean Air. The total amount of money being investigated is KRW3 billion (US$2.7 million) for construction work carried out in 2013."We are conducting an investigation based on allegations that [Cho] used hotel construction funds to pay the construction fees of his private home, which he should have paid," police said at the time.However, the Special Investigation Division of the National Police Agency has now called for the arrest warrant to be refused, pending further evidence.Mr Cho presided over Hanjin Shipping during its demise, which has had a ripple effect on the container shipping business. The former South Korean shipping giant Hanjin Shipping was officially declared bankrupt by the Seoul Central District Court on February 17, less than six months after it first filed for court receivership, ending its 40-year history.A bankruptcy trustee was appointed to lead the sale of Hanjin's remaining assets to pay off debts. Six of shipping line's former ships were sent to scrapyards, while the others were taken over by other carriers.
The takeover offer was made in July this year when Cosco Shipping Holdings and Shanghai International Port Group (SIPG) placed a pre-conditional voluntary general offer to acquire all issued OOIL's shares at an offer price of HKD 78.67 (US$ 10.07) in cash, totalling US$6.3 billion.On completion of the transaction, Cosco would hold 90.1 per cent, while SIPG would hold the remaining 9.9 per cent of OOIL.The bid is now dependent on the necessary regulatory approvals. The latest approval comes on the back of the clearance received from State-owned Assets Supervision and Administration Commission (SASAC) in September.The combined entity, if the merger is completed, would become the world's third largest container carrier, according to shipping consultancy Drewry.Specifically, the duo would have a combined fleet of 400 vessels operated over a much-expanded network, with the capacity exceeding 2.9 million TEU including orderbook, pushing CMA CGM from its spot.As reported earlier, Cosco Shipping and OOIL, parent of OOCL, would continue to operate under their respective brands, and would continue to work together as members of the Ocean Alliance.