Category Archives: News

As per IATA (The International Air Transport Association), global air freight markets showing a fall in air cargo demand in July compared to the same month last year. The data released by IATA shows 0.6% FTK  (freight tonne kilometers) fall in air freight volumes which is in line with weaker global economic growth.

The decline was broad-based across all regions with the exception of Africa and the Middle East. However the most pronounced falls were in the Americas, where international FTK volumes were down more than 5% compared to July 2014.

“The recent stock-market turmoil shows that investors have real fears about the strength of the global economy. And the disappointing July freight performance is symptomatic of a broader slowdown in economic growth. The combination of China’s continued shift towards domestic markets, wider weakness in emerging markets, and slowing global trade indicates that it will continue to be a rough ride for air cargo in the months to come,” said Tony Tyler, IATA’s Director General and CEO.

APM Terminals (Maersk’s Terminal operator) and Perez y Cia (Shipping and Logistics company) have come to an agreement to transfer majority of stakes in the Barcelona based Grup Maritim TCB and its Europe and Latin America container terminal portfolio to Maersk’s Terminal operator.This will add 11 Grup Maritime TCB’s terminals to APM terminals which includes annual throughput capacity of 4.3 million TEUs.The transaction is expected to close by the year-end according to APM terminal.

CMA CGM’s Bouganville who was named after the First French Captain who led the French official world tour in 18th Century, has been put into service as the largest box ship of French flag. CMA CGM Bouganville with its length of 400 m and width of 54 m is the fourth 18000 TEU box ship in the company’s series which is the largest sailing under French flag following rotation of Asia French line. The Ship is scheduled to call at Shanghai on September 5th followed by Port Kelang, Suez and Algeciras and then to arrive at Le Havre on October 5.

Following the merger of two largest Chinese state owned shipping companies that was ordered by the Chinese government on August, the amalgamation of Chinese shipping continues with another merger for CMES (China Merchants Energy Shipping) and Sinotrans and CSC group for their operations. The recent merger orders have been part of the reform plan of Chinese government for its state owned shipping sector. As per Drewry consultancy, these mergers might have contagion effect on the existing carrier alliances and further carrier mergers in Asia, damaging industry competition.

As confirmed by the ACP authorities the opening of the Cocoli locks which is located in Pacific side of the new Panama Canal expansion project would not be affected by the recent discovered crack.

As per ACP analysis, the US$ 5.8 billion project is at its 93 percent completion rate and the canal authority would not accept the project until all necessary repairs are conducted by the project contractor GUPC.

As confirmed by General Dynamics NASSCO, the World’s second LNG powered container ship which is known as TOTE 2 is planned to be launched by end of August. The first LNG powered container ship was launched on April. The LNG powered ships are designed to reduce NOx, CO2, PM and Sox emissions.

CTA

German port of Hamburg has recorded 4.5 million TEU throughput for the first half of the year which is 6.8 percent less than the recorded throughput of same period last year. This drop has been assigned to the weaker trend in trade for China and Russia being the leading partners of Hamburg port. As per records, the container traffic for China dropped to 1.3 million TEU which is 10.9 percent lower than last year and for Russia dropped to 212k TEU which is 35.9 percent lower than same period last year. The weak trade for China could be attributed to lower export from China which is for the drop of Euro against Yuan during the first half of 2015 which is making purchase of Chinese goods more expensive. For Russia, the main factors could be sanctions in force as well as weak Rouble and drop in oil price and the economic recession.

Following the announcement of a new direct call at Dakar to MSC’s North Europe-West Africa service, calling at DP World London Gateway Port has been added to MSC service from where direct calls to Saudi Arabia (King Abdullah port) and Sri Lanka and other Australian coast ports are introduced. These direct calls from DP World London Gateway port would be the fastest direct service between North Europe and Australia which is expected to improve the transit time exceptionally.

As it was reported by South China Morning port, the Government of China has called for merger between the two leading shipping companies of China being China Ocean Shipping Group and China Shipping Group. As per COSCO Group the two companies are expected to prepare their initial merger plan in three months. The two groups might be considering pooling chances for their box shipping business.The ordered merger is construed as the Chinese response to Global Shipping Alliances.

Advanced Pricing

Pricing Strategy by Lufthansa & Swiss

The German Airline cargo service (Lufthansa Cargo) and the Swiss Worldcargo have taken a fresh pricing strategy. This new pricing concept is indicated to produce notably lower surcharge than the existing method as it would exclude fuel and other surcharges from the basic rate and will be formed up by two components of Net rate and the Airfreight surcharge. As per the two airlines, by this new method, the surcharge would be market-oriented so that the significant fluctuations of fuel price and exchange rate and airport charges and fees -as the main factors of cost, would be considered.

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