Losses mount at dampened Damco

Damco, the global logistics arm of Danish shipping group AP Moller Maersk, more than doubled its annual losses to $293m for the full year 2014. The ocean giant parent said that Damco's losses were due to “significant” impairment hits  in 2014 and “reduced profitability” in its ocean and airfreight segments. Netherlands- headquartered Damco, which recorded...

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US port chaos boosts ex-Asia Pacific air cargo revenues

Inbound US west coast container port congestion provided a November boost for transpacific air cargo revenues out of Asia to North America, although ex-US revenues fell. WorldACD’s latest monthly market data found that the transpacific was the best of the large markets in November. The Netherlands-based research house posed the question: “Did the problems in the...

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Pharma defection to ocean is ‘wake-up call’ to airfreight

Airlines are targeting premium products to claw back lost revenue from the recession. Foremost of those is the cool chain for fresh produce and pharmaceuticals. But, according to Steef Van Amersfoort, chairman of the air transport at the Dutch Shippers Council and veteran pharmaceutical-logistics executive, there is a massive difference between what pharma shippers...

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Ten-month cargo volumes of Neva-Metal grow 10% to 2,6 million tonnes

A Severstal stevedoring unit, St. Petersburg based terminal operator Neva-Metal CJSC in January-October 2014 handled about 2,6 million tonnes of cargo, which represents a 10% growth on the ten-month period of 2013, the terminal operator said.In the reporting period container traffic at Neva-Metal terminal totaled some75,000 TEUs.Neva-Metal CJSC, part of Severstal's transport division, operates at Third cargo area in Sea Port of Saint-Petersburg. The company started in 1995. The terminal operator...

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Cargo traffic at Russian seaports in Jan-Oct 2014 grows 6% to 518.5 million tonnes

Handling of exports, imports and transit cargo at Russian seaports in January-October 2014 increased by 6% compared with the same period last year to 518,5 million tonnes, the Association of Commercial Sea Ports (ASOP) of Russia said. The ASOP statistics shows that dry cargo amounted to 239.9 million tonnes (+ 13.3%), including: coal - 97.2 million tonnes (+ 14.7%), containerized cargo - 39 1 million tonnes (+ 5.8%), grain - 25.5 million tonnes (a 1.8 times surge), ferrous metals - 19.4 million...

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FRENCH GIANT'S ANTIDOTE TO 2M ALLIANCE

French container-shipping giant CMA CGM has formed an alliance with China Shipping Container Lines and Middle East's United Arab Shipping Co to share vessels on some of the world's busiest trade routes. The new alliance, called Ocean Three, is expected to deploy about 150 ships that would move roughly 20 percent of all cargo between Asia and Europe and 13 percent and seven percent across the Pacific and Atlantic oceans, respectively, people involved in the deal said, reported The Wall Street...

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Ocean secure: A new Initiative by DHL to enhance Ocean Freight

DHL, has enhanced its tracking capabilities by launching a new global ocean freight service called Ocean Secure. This service has been designed for customers who use to ship sensitive or high-value cargo i.e. who specifically belong to sciences & healthcare, technology, automotive and consumer goods industries. By using Ocean Secure, DHL and customers both can access real time tracking and temperature data at any given point and take remedial action if necessary. “Ocean Secure is a significant...

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