Fuel prices are on the increase again, which is liable to have a considerable impact on the freight industry. Fuel is now at its highest cost since 2014, and the main reasons for this are the war in Syria, Iranian tensions and biofuel for renewable energy increases. As a result, pump prices and bunkering have…
July 18, 2018 /
German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on this week. “Major cost positions have risen more than initially expected and are pressuring operating margins,” CEO Rolf Habben Jansen said in Hamburg. “We…
July 11, 2018 /
The Port of Felixstowe has stated that vessel and rail loading performance remain below target but no new issues have emerged as it works on resolving slow loading and delays caused by problems with its terminal operating system (TOS). Issues first surfaced last month when the port introduced the TOS but it confirmed in the…
June 13, 2018 /
Shanghai are working towards becoming an International Shipping Centre by 2020. To achieve the target and raise the city’s core competitiveness, the local government has drafted a three-year plan. One goal of the three-year plan is to further consolidate Shanghai’s status as an international shipping hub. In the Chinese mainland, the Port of Shanghai boasts…
The UK government has backed plans for the development of a new runway at Heathrow Airport. The UK Cabinet’s economic sub-committee approved plans for a third runway at the London airport before the proposals were backed by the full cabinet. The UK secretary of state for transport Chris Grayling said: "A successful, thriving aviation sector…
London-Heathrow airport cargo volumes enjoyed their 21st consecutive record month in April 2018, as trade growth at the UK’s largest port by value increased by 2.3% year on year to 141,215 tonnes compared to the same time last year. The US (+4.1%), India (+7.1%) and China (+10.9%) were among the fastest growing countries for cargo in April.…
May 9, 2018 /
China plans to stop allowing the recycling of international ships at its yards as of the beginning of 2019. The decision comes on the back of China’s efforts to crack down on polluter and waste producing industries in the country, which have seen many yards denied their ship recycling licenses. The Chinese-flagged ships will be allowed to…
March 7, 2018 /
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 8.0% in January 2018 compared to the year-earlier period. This was up from the 5.8% annual growth recorded in December 2017. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by…
March 1, 2018 /
To boost electronic air waybill (eAWB) adoption the carrier has decided to introduce a 12 euro per paper air waybill fee for tradelines on which they are available. E-AWB penetration edged up 0.6 percentage points to 53.2% in January 2018, according to the latest statistics from IATA. January's figure compares with 52.6% in December 2017.…
Freight travelling through Heathrow reached record levels for the start of the year, as over 133,000 tonnes made its way through the airport in January, with export volumes growing by 10.6%. The top destinations for cargo growth were the US (1,214t), Spain (1,070t) and China (966t). Heathrow CEO John Holland-Kaye said: “Heathrow is off to…