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NEWS
 
Expert's warning on low box rates
January 30, 2012

Analysts at maritime consultant Drewry say a recent rally on east-west container rates will quickly recede, but that prices will rise rapidly in H2 if cash-strapped carriers start slashing capacity.

Container freight rates on east-west trades have rallied lately thanks to a pre-Chinese New Year uptick in traffic, but the revival is unlikely to persist – small comfort to those shipping lines currently under intense financial pressure.

IFW’s sister publication, Lloyd’s List, reports today that South Korea’s Hanjin Shipping has just…  Read more

Eurotunnel bullish after 'a good year'
January 30, 2012
Eurotunnel this morning reported double-digit sales growth for 2011 and said freight traffic was back to levels last seen in 2007. Eurotunnel Chairman and CEO Jacques Gounon said the group had seen revenues rise 16%, year on year, to hit €844 million (...  Read more
Flying start for Dubai's new airport
January 30, 2012
Dubai’s World Central Airport handled almost 90,000 tonnes of air freight during its first full year of operations, Dubai Airports said today. The company owns and manages operations and development at two airports: Dubai International and Dubail World...  Read more
UK's first Airport City unveiled
January 13, 2012
UK Chancellor George Osborne yesterday unveiled plans for a £659 million (US$1 billion) Airport City – the first of its kind in the UK – at Manchester Airport. The detailed masterplan, created by Manchester Airports Group (MAG), sets out the vision to ...  Read more
Happy (Chinese) new year for container freight rates?
January 13, 2012
Shippers should not lose sleep over the recent, short-lived jump in spot rates, but ought instead to focus on ways to mitigate the risk of a sudden capacity crunch later in the year, urged analyst Drewry Maritime Research. Freight rates on east-west tr...  Read more
Private equity swoops on OTS Logistics
January 13, 2012
The Chief Operating Officer of Man Capital, which acquired OTS Logistics Group this week, said the forwarding industry would welcome consolidation in the freight handling sector. In an interview with IFW, Peter Coombe described the freight consolidat...  Read more
Le Havre freezes harbour dues for third year running
January 06, 2012
The French port of Le Havre has announced it will match its north Europe rival, Rotterdam, in freezing harbour dues for containerships for the third consecutive year. In a statement, the port authority said the decision was aimed at “facilitating the r...  Read more
It's survival of the fittest for carriers in 2012
January 06, 2012
Amid fears over the strength of global demand and a potential rates war, and with more big containerships due for delivery, shipping lines’ lay-up strategies will dictate if they make money or not this year, claims one analyst. According to Drewry’s la...  Read more
Shoot-to-kill guidelines needed for guards protecting UK ships from pirates, say MPs
January 06, 2012
Members of a UK parliamentary committee have called on the government to provide clear guidelines on whether armed guards protecting UK ships can kill Somali pirates during an attack. Prime Minister David Cameron last year gave permission for UK ships ...  Read more
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