Christmas bonus for air cargo as rates soar due to west coast port congestion

Costs for chartering a freighter to fly from China to the US have skyrocketed, with as much as a 100% rise in rates over the last few months. While November lease rates for a round trip might rise, normally, to about $400,000 for a 747F, from $300,000 earlier in the year, one air cargo source familiar with the matter told The Loadstar this month prices have been...

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17TH WCA FIRST ANNUAL CONFERENCE 2015

For the 17th consecutive year, WCA will once again host the world’s most dynamic event for independent logistics companies. Acknowledged globally as the most important conference of its kind, independent freight forwarders from the world’s premier global network will come together for face-to-face meetings with their peers from around the world. Thanks to the unprecedented opportunities to build new relationships and strengthen existing ties, the conference is firmly established as the...

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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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Apple’s iPhone 6 boosts Asia-Pacific cargo numbers

SHIPMENTS of the iPhone 6 helped boost air-cargo figures in the Asia-Pacific in September, ­resulting in regional growth beating the global average. But aviation officials warn the improvement in global business confidence has stagnated and this could hit air cargo. Asia-Pacific carriers emerged from a first-quarter slowdown to post a 5.7 per cent increase in cargo traffic compared to a global average of 5.2 per cent. The International Air Transport Association said the region was benefiting...

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Canada Aims To Allow Shippers To Self-Screen Air Cargo

Transport Canada is proposing to allow shippers to screen their cargo before it reaches an airport, rather than solely relying on carriers to do so, in order to bridge security gaps and prevent terrorist attacks. The Canadian government said relying on carriers to screen all cargo for explosive devices would be “slow and impractical,” resulting in bottlenecks, slowdowns and additional costs. This new initiative would bring up the standard of air cargo screening and save C$202 million in...

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Five-year Forecast Shows Improved Outlook for Air Cargo

Geneva - The International Air Transport Association (IATA) Airline Industry Forecast 2014-2018 shows that international freight volumes are expected to increase at a compound annual growth rate (CAGR) of 4.1% over the next five years. Emerging economies, particularly in the Middle East and Africa, will be the fastest-growing markets. International Freight Developments: The Middle East is forecast to be the fastest growing region over the forecast period with a CAGR of 4.7%. The second-fastest...

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Air Cargo World - IATA shows robust growth in August air cargo FTKs

Global air freight markets showed continued robust growth in air cargo volumes in August, according to the latest data from The International Air Transport Association (IATA). Measured by freight-tonne-kilometers (FTKs), volumes rose 5.1% in August 2014, compared to August 2013, while capacity grew at a slower pace of 3.4% from the previous year. This is the second consecutive strong month for cargo volumes, following the 6.1% year-on-year rise recorded in July. “The outlook for air cargo...

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11th Annual Sino International Freight Forwarders Conference (4-7 November 2014)

The Sino-International Freight Forwarders Conference celebrates its 11th anniversary, and the 2014 event opens up even greater opportunities for delegates as it moves to Guangzhou — the most important manufacturing city in southern China and situated at the heart of the Pearl River Delta. Open to all independent freight forwarders from around the globe, as well as an impressive range of logistics vendors and industry-related companies, the Sino-International Conference is the...

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logitrans 2014 - new running time (November 19–21, 2014)

For the first time ever, the largest exhibition for transport and logistics in Turkey will open its gates from Wednesday through Friday this year. Gerhard Gerritzen, Deputy Managing Director of Messe München, explains the event's new timing: "At the request of several exhibitors and visitors, the show now begins on Wednesday instead of Thursday, and so it ends before the weekend. The move will also emphasize the event's character as a trade show more clearly." The 8th logitrans—the...

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Freight upswing for Hong Kong Airport

Hong Kong International Airport (HKIA) continued to see upswings in freight in August. Cargo throughput grew by 8.8 percent to 366,000 tonnes. Flight movements had a 4 percent increase to 33,700, achieving a new monthly high for the second month in a row.  The growth in cargo throughput was driven mainly by transshipments, which were up 22 percent from a year ago. During...

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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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Air Freight Volumes Show Solid Gains

  Air freight volumes continue to show solid gains on a year ago, supported by economic improvements in some regions, says IATA in its latest quarterly cargo chartbook. But high jet fuel prices and overall weakness in yields have kept cargo financial performance from improving so far this year, adds IATA. “Emerging Asia trade volumes have rebounded...

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SriLankan Cargo moving towards the future with the adoption of e-air waybill system

Ushering a new era in Sri Lanka's airfreight industry, the national carrier's cargo arm, SriLankan Cargo signed e-AWB (air waybills) agreements with four of its top customers, September 10. At a time when the industry is increasingly adopting sustainable and cost-effective practices to enhance operational efficiency, International Air Transport Association (IATA) views this as the first step towards a paper-free air cargo, involving fewer stakeholders. The air waybill...

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Lufthansa Cargo strengthens its presence in West Africa

LUFTHANSA CARGO is integrating Lagos, Nigeria, into its network by launching twice-weekly MD-11 freighter flights from September, writes Thelma Etim, deputy editor. The new services, which will take off from Frankfurt for the Nigerian city every Monday and Thursday, will also fly on to Johannesburg, South Africa. The return leg will include a stopover in Nairobi, Kenya. “Another two weekly flights from Frankfurt to Johannesburg will also stop in Nairobi on the southbound leg,”...

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