News

Peak season is upon air freight



October 31, 2018 /

Peak season is quickly coming upon the air freight industry.  Forwarders are reporting limited capacity on Asia-US, with rates from Hong Kong into New York now hitting HK$36 per kg (US$4.58) on major carriers such as Cathay, Cargolux and Asiana. Los Angeles rates are marginally lower, hovering at between HK$30 and HK$35++. “The air freight market…


Port terminals need to be more cost effective



October 10, 2018 /

Pressure is mounting on container ports to improve efficiency in terminal operations, as wholesale change in the shipping industry continues to increase competition and drive down revenue per box. According to Mark Welles, Navis vice president and general manager Asia Pacific, terminal operators are “aggressively attacking their cost base and figuring out ways to use…


UK haulage crisis is tightening



September 12, 2018 /

Shippers are facing an anxious wait as the crisis in the UK haulage sector tightens its grip. CMA CGM subsidiary ANL has announced a six-day delay on export collections due to a reduction in haulage availability, and HMM revising its policy. ANL told customers the next available collection at major ports, including Felixstowe, London Gateway and Southampton, would be 17…


As peak season approaches so could crisis point



September 5, 2018 /

One forwarder told The Loadstar all UK ports had been affected by problems ranging from driver shortages and rail failures to issues arising from M&A activity. Advance road bookings now require up to 10 days lead time. “We are seeing failures on some 20% of the boxes we handle; that’s thousands of boxes, and from what we are…


Mega Containership Equipped with ABB Turbochargers



August 8, 2018 /

China's newest and largest container ship has ABB turbochargers installed to help to ensure optimal performance and fuel efficiency.  The flagship in Cosco Shipping Line's Universe mega containership series, the 21,000+ TEU COSCO Shipping Universe, was delivered in June 2018 by Chinese shipbbuilder Jiangnan Shipyard (Group) Co. Ltd. The vessel is equipped with three ABB A180-L two-stroke…