Average vessel operating costs rose for the second year in a row following two years of marked declines, but cost inflation is set to accelerate on higher insurance premiums, shipping consultancy Drewry said. zoomIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license Typical ship operating costs accelerated moderately in 2018 as the uncertain recovery in freight markets across most ...
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QTerminals Gets Green Light to Develop 2nd Phase of Hamad Port
Terminal operating company QTerminals has received an approval to design, develop and operate Phase II of Hamad Port, the company said in a tweet. zoomImage Courtesy: QTerminals This includes the development of the second container terminal at the port. Earlier this month, Jassim bin Saif Al Sulaiti, Qatari Minister of Transport and Communications, saidthe second phase is expected to be launched ...
Read More »Rising costs force European road freight firm Waberer’s to adapt
Driver squeeze and higher prices cause haulier to optimise its network, operations, IT and recruitment − including sourcing from Serbia and Ukraine. One of Europe’s leading full truckload (FTL) operators, Waberer’s International, said it has started to “adapt its operational model” in response to a changing market environment in which the industry is battling higher operating costs and severe driver ...
Read More »Tariffs seen as undercutting global shipping and trade
US west coast ports have seen increases in volumes but the effect may be short-lived. Some distortions are already visible in sectors where higher tariffs have been implemented or announced, the OECD says. The trade war between the US and China has had obvious recent positive effects on US west coast ports, but economists generally see the benefits as short-lived. ...
Read More »Turkey’s UN Ro Ro eyes French container rail market
DFDS subsidiary to launch intermodal link from Toulon to Paris and Calais next year, with on-forwarding connections to the UK. Turkey’s largest operator of freight ferry routes, UN Ro Ro, which was acquired by DFDS in June, is planning to launch rail services for containers from Toulon in southern France to Paris and Calais, with on-forwarding connections to the UK. ...
Read More »Skills report highlights UK reliance on EU logistics workers
FTA calls on government to reassess its immigration system to ensure it is based on needs, not qualifications. If British business is to make a success of Brexit, its supply chains need to have continued access to European workers in the short to medium term, according to the UK’s Freight Transport Association (FTA), a claim it says is supported by ...
Read More »Cosco Shipping Q3 profit down
COSCO Shipping International’s third-quarter net profit fell 91 per cent year on year to S$2.12 million as the corresponding quarter a year ago was boosted by a profit from discontinued operations of $23.6 million relating to the disposal of the group’s shipyard business in China. During the quarter under review, revenue jumped by over six times from S$7 million to S$42.15 ...
Read More »ICTSI Looking to Invest in Two Philippine Ports
International Container Terminal Services, Inc. (ICTSI) has submitted a proposal to the Philippine Ports Authority (PPA) to develop two ports in Iloilo, an investment estimated to cost over PHP 5 billion (USD 93.9 million). zoomIllustration; Image Courtesy: ICTSI In line with the future development needs of Iloilo and the Visayas, ICTSI submitted a Letter of Intent to modernize the infrastructure ...
Read More »Atlantska Plovidba Buys Second-Hand Panamax
Croatian shipping company Atlantska Plovidba has acquired the 2008-built Panamax bulker M/B Pelagos for USD 11.95 million. zoomIllustration. Image Courtesy: PxHere under CC0 Creative Commons license The Maltese-flagged bulker was bought from a mortgage lender on November 7 in the Port of Gdynia, Poland. The ship has been under technical and commercial management of the Croatian company since April ...
Read More »HHLA Aims to Be Gateway to the Future
German terminal operator Hamburger Hafen und Logistik AG (HHLA) aims to be a gateway to the future, enabling containerships, trains but also data flow through the company’s terminals. zoomImage Courtesy: HHLA / Thies Rätzke “Our overarching objective is to help our customers to transport their goods and commodities safely, quickly and efficiently from A to B – also in ...
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