Tuesday, June 18, 2019
The aircraft operator and lessor claims that an arbitration decision has ordered unions back to the negotiating table with subsidiary Southern Air following a delay caused by a misunderstanding by the pilots' union.A release sent out by Atlas quotes the arbitration decision: "We can conclude with some certainty, however, that there has been a delay inspired by the union's misapprehension of the contractual requirements and that they must now respond vigorously to the company's request to proceed."Atlas Air Worldwide is hoping to bring pilots from Southern Air and Atlas Air onto the same joint CBA following its takeover of Southern in 2016.
The carrier will now continue to fly two converted 737-300Fs while evaluating modernisation options, reports Seattle's Cargo Facts.The unit returned to Star Air Cargo does not appear to have flown for about six months, according to FlightRadar24. That leaves SAA with an active freighter fleet those two that have been on lease from GECAS since the aircraft were converted from ex-Shandong Airlines in 2007. Without overnight operations, the freighters are utilised on short regional routes from the carrier's hub Johannesburg (JNB).As is the case with many 737-300Fs in operation, SAA's freighters are not young and will eventually need to be replaced. Both aircraft are approaching 30 years of age,
The air show and its alternating-years companion, the Farnborough, are usually upbeat celebrations of the latest and greatest in aviation technology. In recent boom years, they have become a stage for huge aircraft orders.But this year the mood is different with the grounding of the Boeing 737 Max after finding that new flight software played a role in two deadly plane crashes. There is no clear date for when it might fly again.In addition, there are other troubling signs for the industry. After several years of surging growth, passenger traffic in March grew at the weakest rate in nine years, although April was slightly better. The chief of the International Air Transport Association (IATA) blamed a slowing global economy and damage from tariffs and trade fights.Air cargo shipments - considered a leading economic indicator - fell 4.7 per cent in April, continuing a slump that began in January and could dent demand for air freighters.Airlines, on the other hand, have committed to buy so many planes that Boeing now has a backlog of 5,500 orders and Airbus has 7,200 - far higher than usual. Airlines might not have much appetite for more."There is a lot to be concerned about," said Teal Group analyst Richard Aboulafia. "It might make for kind of a grim Paris show."Heading into the show, Boeing and Airbus have reported much weaker orders this year. Boeing received no orders in May after getting just one in April. Deliveries of completed jets tumbled 56 per cent last month as it stopped shipping new Max jets. Airbus saw an increase in deliveries, but it reported just one new order last month.With so many of its airline customers and suppliers at the air show, Boeing will be under pressure to provide an update on the Max's expected return to flying, and how quickly after that Boeing can increase production. The company cut Max production in mid-April from a rate of 52 planes a month to 42.Boeing has struggled to get a handle on the Max controversy.Airbus executives said the Max crashes didn't affect their own strategy for the air show. "What has happened with the Max ... doesn't change the way to talk to customers," Airbus CEO Guillaume Faury said.There is widespread expectation in aviation circles that Airbus will use the air show to officially launch a new plane, the A321XLR, a long-range version of its popular A320 family, which could set off several plot twists in the competition between Boeing and Airbus.American Airlines is considering the plane as a replacement for its fleet of aging Boeing 757 jets, according to Bloomberg. A spokeswoman for American declined to comment.If a US airline like American - the biggest carrier in the world - steps forward as an early buyer of a plane from Boeing's European rival, it will make a big splash.
According to Ms Beena, there was a proposal to move propylene in bullet tankers using roll-on roll-off service from Kochi to Dahej in Gujarat. Once the proposal materialises, there is a possibility of movement of more than a 100,000 tonnes of the cargo a year. The CPT marketing team is actively pursuing movement of coffee, maize, and plywood in containers from Kushalnagar and Mysore regions in Karnataka to Kochi, taking advantage of the coastal service between Azhikal port and Kochi.A consignment of 7,474 tonnes of rice arrived at the International Container Transshipment Terminal (ICTT) on Vallarpadam island in containers in early November last year. Till the end of March this year, 46,852 tonnes of rice meant for the Food Corporation of India (FCI) was handled at ICTT, reported the Chennai Hindu daily.The success of the coastal movement is an indication that the modal shift from rail to coast was cost-effective even as the port marketing team is in touch with FCI for moving wheat from Punjab and Haryana to Kerala employing the coastal mode.A total of 1,100 TEU of cotton/raw cotton was moved to Kochi from Gujarat during 2017-18, and the volume went up to 10,720 TEU during 2018-19.
As Russia's largest industrial project and China's first full-process overseas plant, the factory plays an integral role in Russia's ambition to become the world's fifth largest economy by 2024, as well as in China's Belt and Road initiative.The Haval F7 is the first vehicle mass-produced in the factory. Haval showcased the F7 and H9 to both leaders, and President Xi expressed overwhelming encouragement for the company's Russian market strategy.Founder and chairman of Great Wall Motor, Wei Jianjun said: "Haval's factory marks a milestone in China's transition into an export powerhouse and pioneers a global approach for the auto industry. Automakers should invest in developing local economies to successfully deliver China's technological and manufacturing innovations to the world."The US$500 million Tula factory will boost Russia's economic development, generating over CNY3 billion (US$342.8 million) in local profits and taxes and creating 4,000 jobs. Haval plans to export products from the factory to Kazakhstan, Azerbaijan, Moldova and Kyrgyzstan.
Speaking at the Peterson Institute for International Economics, Mr Kudlow said: "Any consumer effects will be very, very small."White House Council of Economic Advisers chairman Kevin Hassett believe the economic burden will shift to China, though he acknowledged "that remains to be seen."China's roughly US$550 billion worth of yearly exports to the US in 2017 accounted for about 4.5 per cent of its GDP, while the case of US, roughly $110 billion worth of exports to China in 2017 accounted for only about 0.5 per cent of its GDP, American Shipper reported."It's a jolt, I get that," Mr Kudlow said, referring to Section 301 tariffs the US has imposed on China. "Sometimes we have to jolt. That's our point of view."He said there are tentative plans for President Donald Trump and Chinese President Xi Jinping to meet during the G20 summit in Osaka, Japan, June 28-29, although the meeting hasn't been set."Protecting America's economy, as well as our technology patents must be done on a cost-benefit basis. We can't let the status quo continue," Mr Kudlow said.
The deal takes GSCCO's portfolio of terminals in Saudi Arabia up to four, a statement said as reported by Arabian Business.GSCCO said it will handle all types of cargo at KFIP, including containers, breakbulk cargo, vehicles and bulk cargo. adding that the company will invest in new equipment.The decision to award the operation of the port to GSCCO, which also operates the Northern Container Terminal in Jeddah and Jubail Commercial Port, was taken by Saudi Ports Authority (Mawani).Richard James, managing director of GSCCO, said: "We are delighted at the well-earned trust that Mawani continues to place in GSCCO, and are truly excited at the potential to develop KFIP in Yanbu into another industry-leading port."In line with the strong commitment to the maritime and logistics industry expressed in the Saudi Vision 2030, we look forward to providing best-in-class services to the communities and markets around Yanbu and throughout the Northwest of the country."The current infrastructure at KIFP enables the handling of container vessels with up to 8,000 TEU capacity.GSCCO's long-term plans include investing in additional equipment on an extended quay in support of the Saudi Vision 2030 objective to establish the country as a primary hub for logistics and transportation to serve mainline vessels calling on the major east-west trade lane between Asia and Europe, and act as a regional hub for transshipment to the fast-growing markets of the Red Sea and North Africa.
"We hope that the CE Delft study, along with other recently published scientific research, will help answer remaining questions surrounding the environmental impact of scrubber wash water," said CSA 2020 executive director Ian Adams.The study indicates that accumulated concentrations of exhaust gas cleaning systems (EGCS, or "scrubbers") wash water components are at very low levels and well below applicable regulatory limits.The study, presented to international delegates of the 74th session of IMO's Marine Environment Protection Committee (MEPC) on 14 May in London, will help inform the current debate regarding the environmental impact of open loop scrubbers on the marine environment, and particularly on ports and harbours.Along with a similar study conducted by Japan's Transport Ministry, it is expected that the CE Delft research, will help fill important gaps in the scientific record.The research, carried out by CE Delft in collaboration with Deltares, an independent institute for applied research in the Netherlands, uses three versions of Deltares' state-of-the-art dynamic computer modelling system MAMPEC. Each version represents a common configuration of European ports, and the study assumes that multiple ships in each modelled port are using open loop scrubbers around the clock throughout the year.
The port processed nearly 261,000 TEU during the month, 10 per cent more than in the same month last year and making it the busiest May in the port's history. The month's strong cargo volumes were a follow-up to the best April in the port's history, when nearly 246,000 TEU were processed.May saw increases across almost all phases of the operation. Container tonnage was up more than five per cent; total rail volume up more than 4.4 per cent to 49,775 tonnes; total barge volume up more than 5.2 per cent to 4,441 tonnes; volume at Richmond Marine Terminal up nearly 11.6 per cent to 2,752 tonnes; and truck volume was up almost 10.7 per cent to 91,802 tonnes, report New York's MarineLink.At the end of May, the port debuted the completed on-dock rail yard at VIG to a select audience of customers, partners, cargo owners and stakeholders. The rail yard now has nearly 20,000 feet of new track and is supported by four cantilever rail-mounted gantry cranes.The expansion at Norfolk International Terminals is progressing according to schedule. There are 12 new stacks served by 24 new RMGs already in service. Work on phase II of the stack yard expansion (six stacks) began in December 2018 and is nearing completion; work on phase III (six stacks) began this month; and phase IV (six stacks) is set to begin in September, the port said.
From July 1, the Asia-West Med rate will be US$950 per TEU, $1,850 per FEU, $1,850 per FEU high cubed and $1,850 per reefer FEU.From July, the Asia-Adriatic the rate will be $1,000 per TEU, $1,900 per FEU, $1,950 per FEU high cubed and $1,950 per reefer FEU.From July, the Asia-Black Sea rate will be $1,000 per TEU, $1,900 per FEU, $1,950 per FEU high cubed and $1,950 per reefer FEU.From July, the Asia-East Med (excluding Syria) rate will be $1,300 per TEU, $2,000 per FEU, $2,000 per FEU high cubed and $2,000 per reefer FEU.From July, the Asia-Syria, rate will be $1,400 per TEU, $2,100 per FEU, $2,100 per FEU high cubed and $2,100 per reefer FEU.From July 1, the Asia-Algeria rate will be $1,800 per TEU, $3,400 per FEU and $3,475 per FEU high cubed.From July, the Asia-Tunisia rate will be $1,700 per TEU, $3,200 per FEU and $3,275 per FEU high cubed.From July, the Asia-Libya rate will be $1,700 per TEU, $3,200 per FEU and $3,275 per FEU high cubed.From July, the Asia-Morocco rate will be $1,400 per TEU, $3,600 per FEU and $2,675 per FEU high cubed.
The request is for as much as two million tonnes of American soybeans, said the sources. The buyers requested to delay the US shipments due to a large number of vessels carrying South American supplies arriving at the same time, they said.China, the world's top importer, bought about 13 million tons of US soybeans after the countries agreed to a truce in their trade war in December. The country has since put purchases on hold because of a worsening in tensions, people said last month.
CMA CGM has slashed its headhaul FAK rate on the tradelane by US$200 from June 16, to $1,700 per FEU as spot rates continue to slide.The North Europe component of the Shanghai Containerised Freight Index (SCFI) declined a further 4.4 per cent last week, to $745 per TEU, and spot rates on the route have slumped by 25 per cent since the beginning of the year. Compared with the same week a year ago, they are 13.6 per cent lower, according to London's Loadstar.One UK-based 3PL said carriers were "beating down my door" to offer discounts, although he said they were all relatively short-term deals."At this stage we are holding off, as carriers have a habit of making you pay for jumping ship when space gets tight," he said. "But if the market doesn't tighten in the next couple of weeks, we might review our position."However, spot rates for Mediterranean ports, recorded by the SCFI, were stable last week at $741 per TEU, but are still some 19 per cent below the level of a year ago, with no suggestion that the route will see an early improvement.On the transpacific, the SCFI recorded a drop of 1.6 per cent on the week for Asia to the US west coast, to $1,416 per FEU, while rates to US east coast ports edged down 1.5 per cent to $2,464 per FEU.Rates are some 11 per cent higher for the US west coast and 10 per cent for US east coast ports on a year ago, and still to work out the tariff-beating front-loading cargo spurt from the back end of last year, as well as being stabilised by carrier capacity discipline and blank sailings.According to digital booking platform Freightos, prices are also being shored up by a potential new round of front-loading.It said: "Advance ordering resumed in May, following President Trump's threat to slap a tariff on all untaxed imports, and many of them are now close to being shipment-ready."