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NEWS
 
Asia-Europe spot rates drop again
May 28, 2012

Last week’s falling spot rates for containerised freight on the Asia-Europe trade lane indicate that the shipping lines’ solidarity over general rate increases (GRIs) could fray, say market commentators.
 
The overall Shanghai Containerised Freight Index (SCFI) fell $17 to $1,409 but this masked bigger drops in the Shanghai-Europe and Shanghai-Mediterranean components.

Container freight derivatives for Q4 2012 were also trading at a significant discount to the spot market suggesting that market participants expect conditions to worsen.…  Read more

Tilbury dockers begin new strike
May 28, 2012
Dockers at the UK port of Tilbury last night began their second strike this month, protesting against what they say is the arbitrary introduction of new contracts. Employees of Enterprise Distribution Centre (EDC) – members of the Unite union – began a...  Read more
APMT in billion-dollar Virginia port deal
May 28, 2012
APM Terminals (APMT) has submitted a proposal for a long-term concession for the operation of the US port of Virginia. The Maersk subsidiary stressed that a major benefit would be that APMT “offers an expansion opportunity that cannot be matched in ter...  Read more
New air freight service to Manaus
May 21, 2012
Cargolux Airlines announced on Friday that it was adding a weekly service to Manaus, in Brazil, to its global network of destinations. Manaus is the capital of the federal state of Amazonas and has a population of nearly two million. It is a free trade...  Read more
Government plans new rail freight charges
May 21, 2012
The UK’s rail regulator says it is prepared to allow up to 10% of traffic in certain industrial sectors to drift back on to the road network as a result of its new rail access pricing regime. The proposal is part of the Office of Rail Regulation’s late...  Read more
Air France denies plan to shed 5,000 jobs
May 21, 2012
Air France has been swift to deny claims in a French newspaper that it will shed 5,000 jobs as part of its restructure plan, Transform 2015. The report says almost half of the job cuts will be accounted for through natural wastage – 800 staff leave Fra...  Read more
Dell reduces freight costs for its notebooks by 30%
May 11, 2012
In 2010, Dell was sea-freighting just 5% of its notebooks. By the fourth quarter of 2011, it was transporting half these volumes by sea, reducing costs by nearly a third. Over the past four years, the US computer shipper has completely redesigned its s...  Read more
US and Asia drive 19% rise in global container traffic
May 11, 2012
Global container trade rose 19% to 11 million teu in March, although analysts say most of the upturn was due to the resurgence in Asian output following the Chinese New Year (CNY) and stronger US demand. Latest monthly numbers from Container Trade Stat...  Read more
Acquisition of French express specialist strengthens European operations
May 11, 2012
FedEx announced today it would acquire Tatex, a leading French B2B express transport company. Founded in 1976, Tatex has over 1,000 employees and a nationwide network with a central hub at Lieusaint, just south of Paris, and 35 shipping centres includi...  Read more
Box rate rise momentum losing steam
May 04, 2012
Container freight rates in the westbound Asia-Europe corridor rose 19% this week. But pricing on the eastbound transpacific trade was unaffected by carriers’ attempts to impose hikes. Lines in the key Asia-Europe headhaul trade had announced General Ra...  Read more
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