Internacional

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has reportedly secured another contract to construct a liquefied natural gas (LNG) carrier. zoomImage Courtesy: DSME Yonhap New Agency cited the shipbuilder as saying that it received the order from an undisclosed Oceania shipowner. Further details related to the shipowner and the shipbuilding contract were not revealed. The deal allegedly pushed DSME’s orderbook to ...

Greece is scheduled to inaugurate the first shore-to-ship electrical supply connection in Eastern Mediterranean on December 20, 2018. The inauguration ceremony at the country’s port of Killini would see the ro-pax Fior Di Levante plug into the first shore power facility in the region. Developed within the European co-funded programme elemed, the cold-ironing project in the port of Killini is ...

Average global yield increase set to drop to around 2% next year, well below the ‘exceptional’ 10% average price increase in 2018, IATA predicts. Global air freight is expected to grow by around 3.7% next year, broadly in line with its growth levels this year, bolstered by growing cross-border e-commerce traffic but facing headwinds from slowing world trade growth and ...

Alibaba logistics subsidiary signs MoU with Russian group to ‘beef up’ the air freight capability of its ‘global smart logistics network’. Volga-Dnepr Group has signed a memorandum of understanding (MoU) with Cainiao Smart Logistics Network Ltd, the logistics arm of Alibaba Group, “with the aim to strengthen its positions in the area of cross-border shipments in the market and jointly ...

Removal of fees follows years of pressure from FTA and is expected to deliver £1bn of economic benefit over the next decade. The axing of the tolls at the Severn crossings between England and Wales this morning marks a historic moment for Anglo-Welsh logistics, according to the Freight Transport Association (FTA), as it joins its members in “celebrating this festive gift to the logistics industry after years of campaigning”.  The removal of the ...

Moderate fall in Asia-Europe prices drove this decline, Drewry notes, while some secondary and north-south routes face double-digit increases when 2019 contracts are signed in the next few weeks. Ocean freight rates for cargo moving under contracts on major East-West routes decreased by 7% in the fourth quarter, compared with the previous quarter, according to the results of Drewry’s Benchmarking Club ...

Transportation and logistics group’s share price has been under pressure this week following an earnings warning on Tuesday. XPO Logistics has dismissed as “inaccurate” and “misleading” a report on the group’s financial performance from New York-based investment manager, Spruce Point Capital. Shares in the transport and logistics solutions giant have been under growing pressure this week after XPO issued an ...

On 30th November 2018, the European Commission adopted a new Decision amending Implementing Decision (EU) 2016/2323 to update the European List of ship recycling facilities. The said decision has been published on December 9 in the Official Journal of the EU and is available at this link. With the 4th version of the list, the European Commission and the Member States ...

A world-class container terminal at Port of Newcastle would create 4,600 jobs, boost the state economy by $6 billion and slash the transport costs for regional exporters, according to a new report by economic consultancy, AlphaBeta. The report – Global Gateway for NSW: the economic impact of a container terminal at the Port of Newcastle – shows that a modern container terminal ...

India’s 12 major ports witnessed a 4.83 per cent rise in cargo traffic at 461.21 million tonnes (MT) during April-November of the current fiscal, the government said Monday (Dec. 10).   These top ports had handled 439.96 MT cargo during the corresponding eight-month period of the last fiscal. “The major ports in India have recorded a growth of 4.83 per ...