Increase in air freight rate in July despite market slowdown

Air freight rates are increasing since July this year irrespective of market slowdown. Generally with market slowdown the air freight rates also show decline but not this year as it seems that major cargo hubs are under pressure based on available cargo handling. As per below TAC index the prices on Hong Kong to North America increased by 16% in July. Similarly for...

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Airfreight future figures published by FIS

Freight Investor Services (FIS), global leader in freight & commodity derivatives, has published airfreight future price curve, starting a new discussion in this $70bn market. In order to hep buyers & sellers in ascertaining seasonal price increase & tackling capacity issues , a new risk management tool is been designed by FIS. FIS along with index provider...

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Airfreight demand growth "comes off the boil" in May

  Cargo demand growth “came off the boil” in May, while capacity additions have resulted in a further weakening of load factors. Figures from the International Air Transport Association show that demand growth in freight tonne km terms increased 2.1% year on year in May, which is the slowest growth rate recorded this year, compared with growth of 4% for the first...

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Cargolux Airlines International Increases its Flights Number to Muscat International Airport

Muscat, Sep 17 (ONA)--- Cargolux Company, one of the major air cargo carriers in Europe decided to increase its weekly flights to Muscat international Airport by two flights a week with effect from next October. The company said that Oman Airport Management Company , represented by Commercial Operations Public Administration said in a statement today that Cargolux's decision to increase its weekly flights to Muscat International Airport comes at a time the shipping activity via Muscat International...

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TNT Express boosts Oman fleet

TNT Express, one of the world’s largest express delivery companies, has announced the addition of a new 7-ton Mistubishi /Fuso trailer truck to its domestic fleet.    Oman is a part of TNT Express widespread Middle East Road Network (MERN) delivering to countries such as Jordan, Saudi Arabia, Qatar, Kuwait and Bahrain, the network offers the best day-definite...

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DHL launches downtown mobile service

DHL-Sinotrans, the leading air express company in China, launched mobile stations indowntown Beijing, Shanghai and Shenzhen to provide companies with convenient pick-upfacilities. The move will help optimize shipment routes for express items and extend cut-off times forcustomers, according to Wu Don...

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Airport Tries Attracting Freight and Logistics Customers and Incentivising Cargo Charters

Space to Expand Means it's Special Offer Time for Prospective Customers  US – How to drum up more business? The eternal question for all companies whether in the logistics industry or any other, but a question especially relevant when economic times are hard. Advertising (even with the low rates charged by the Handy Shipping Guide) is one avenue but for Lambert St...

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EXCLUSIVE-China approves first Argentine GMO corn cargo -sources

BUENOS AIRES, Aug 6 (Reuters) - China has approved its first shipment of genetically modified Argentine corn, Buenos Aires-based trade sources said on Tuesday, signaling that the Asian country may eventually import GMO crops from other producers like the United States. The sources said Chinese health authorities cleared 60,000-tonnes of genetically modified (GMO) Argentine corn. The cargo was already headed inland to be used as hog and chicken feed. Benchmark Chicago corn futures fell briefly...

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Abu Dhabi cargo portal planned

Etihad Airport Services – Cargo (EAS-Cargo), a subsidiary of Etihad Airways, is working with the Singapore-based Cargo Community Network (CCN) to roll out a new information technology platform for the Abu Dhabi cargo community called Cargo Community Service (CCS).  The service is designed to facilitate air cargo booking and shipment processes for Abu Dhabi-based freight...

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Seaport operations company loads landship during training

JOINT BASE LANGLEY-EUSTIS, Va. - With clear, blue sky above and the hot afternoon sun shining down on the Vissering Landship Training Facility here, the 390th Seaport Operations Company out of Ceiba, Puerto Rico, is hard at work. The soldiers of the 390th SPOC are conducting their yearly Extended Combat Training exercise to learn new skills and refresh current skills as...

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GMS Offers Valuable Service for Retired Vessels

Being as controversial as it is, the practice of shipbreaking is relinquishing its role to more productive means of retiring used vessels. One of these means is ship recycling. One of the most prominent companies in this industry is GMS LeaderShip, a company with a global office disposition that conducts cash buys of ships in order to recycle them or sell them to other companies that do. So far, GMS has negotiated the recycling of about 2,000 vessels, making them the premier company in the industry...

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Future Expansion of Malaysian Ports

Kuantan Port in Malaysia is expected to grow exponentially in the coming years. A partnership between IJM Corp Bhd and its subsidiary Kuantan Port Consortium Sdn Bhd (KPC), as well as China’s Guangxi Beibu Gulf International Port Group will facilitate the expansion. The final design of the project is due in October; the partners have agreed to expand the facility with 16 extra meters of draft alongside the new facility’s berths to help support trade to and from the adjacent Malaysia-China Kuantan...

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Mideast carriers see freight volumes up 12.7pc

Middle Eastern airlines saw a continued robust expansion of demand in June with freight volumes growing by 12.7 per cent year-on-year, said a report released by the International Air Transport Association (Iata). The consistent high growth in recent years, as the region’s carriers take advantage of the geographical position of the Middle East, has led to a substantial...

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DHL launches shipment tracking app

DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL,  has launched a mobile app for customers to track their shipments. The ‘DGF Cargo Mobile Tracking’ shows users their shipping history and the status of their current shipments. The app also provides global access and is available free of charge in the respective app stores for iPhone...

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Georgia ports set multiple freight records

Georgia’s ports set records during the last fiscal year for tonnage, bulk cargo, auto and machinery units, and freight moved by intermodal rail, the Georgia Ports Authority(GPA) announced Monday. In the year ending June 30, the ports moved 27.23 million tons of cargo, a 2.4 percent increase over fiscal 2012. “Our overall tonnage increase has been fueled by the...

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Freighters and belly cargo conference 2013

This year's Freighters and belly cargo Conference will be held at the Park Hyatt Hotel on Sadiyaat Island, Abu Dhabi from 29 September to 1 October 2013. This is the 13th consecutive year we have held the Freighters World Conference – and this year we have included topics on belly cargo. This two-day conference presents fantastic opportunities to network and socialise. Attended by delegates and speakers who can make things happen, make a difference and make change, you will not...

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Cargo Airline of the Year 2014

The 31st anniversary of Air Cargo News awards evening, Cargo Airline of the Year, will take place at the Lancaster London Hotel on Saturday, 26th April 2014. If you need any further information about this Air Cargo News event, known throughout the airfreight world as the ‘Oscars’ of the air cargo industry, then please contact Patricia Cooper, General Manager of the Events Division on p.cooper(at)aircargonews.net or telephone +44 (0) 1784 255000 ...

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Three new container freight stations mooted

VISAKHAPATNAM: Three new Container Freight Stations (CFS) are expected to be set up in the Port City around the end of the year. Currently, the Container Corporation of India (Concor), Sravan Shipping Services Private Limited, Gateway East India Private Limited and CWC-SICAL have one CFS each in Visakhapatnam. According to sources, Concor and Sravan Shipping Services plan to set up one more CFS each in the near future. The central government too plans to set up one CFS in Vizag to cater to the...

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Giant Logistics Group Falls Foul of Freight Forwarding Ownership Law

FedEx Proposes to Continue Operations Despite Being Ruled Out of Public Utility Contract  PHILIPPINES – When the judiciary comes up against state in virtually any country, casual observers can often sit back and enjoy the ensuing row. After effectively being kicked out of the country this week when a Court ruled that its government-issued freight forwarding licence...

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Norfolk airport cargo traffic off 28 percent in June

Norfolk International Airport saw cargo traffic fall 28 percent in June compared with the same period last year, according to the airport's latest figures. The cargo carriers that serve the airport, including Federal Express, Mountain Air Cargo and UPS, moved about 4.5 million pounds in and out of Norfolk, compared with 6.2 million pounds in June 2012. It's unclear what caused the drop, said Wayne Shank, airport authority executive director. "We're scratching our heads on that one," he said. Passenger...

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