English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

News briefs

DUBAI: February 23, 2016. DP World has signed contracts for civil construction work at its new Container Terminal 4 on a reclaimed island in Jebel Ali Port with Dutco Balfour Beatty, BAM International Abu Dhabi, and CH2M HILL.

Sultan Ahmed Bin Sulayem, DP World group chairman and CEO said: "This terminal is the big idea that will change the way ports work in the future." Under Phase 1, Terminal 4 will add 3.1 million TEU  by 2018, taking Jebel Ali Port's total capacity to 22.1 million TEU. The port will be equipped with at least 110 cranes with a total quay length of around 11,000 metres by that time. DP World said it would expand Terminal 4's capacity to a total of 7.8 million TEU in line with market demand under Phase 2.

Bin Sulayem added: "With our 4 million capacity TEU Container Terminal 3 fully operational this year, Jebel Ali will have the capability to accommodate 10 mega container ships simultaneously and the new Terminal 4 will increase that handling capability. It will be ready in time to meet the expected increase in trade over the next five years and to ensure Jebel Ali Port reinforces its position as the top commercial gateway to this region."

COSCO-CHINA SHIPPING LINE


SHANGHAI: February 22, 2016. China COSCO Shipping Corporation Limited is the new post-merger entity of COSCO and China Shipping with US$93.6 billion in assets. Chairman Xu Lirong said the company aims to be the global leader in shipping, integrated logistics and related financial services and is reportedly reviewing its current alliances with other ocean carriers.

China is restructuring and merging state-owned enterprises to increase their competitiveness. The top two high-speed rail makers and two leading nuclear power companies have already merged, according to China's official news agency Xinhua.


HOUSTON, TX: February 24, 2016. CEVA Logistics has launched a new weekly LCL (Less-than-Container Load) service from Shanghai to Koper on Slovenia’s Adriatic coast where containers are then railed up to the Hungarian capital. Transit times are 30 days from Shanghai to Koper and then 5-7 days for the inland transportation.




“This is an end-to-end CEVA-owned solution for our LCL customers.  It starts with our own dedicated trucking network in China where we can feed into Shanghai from key cities across the country. And with our CEVA warehouse in Budapest operating as our container freight station there is no external handling of cargo or any third-party warehousing.  It’s a win-win solution with better controlled transit times and service quality which are great benefits for customers,” added CEVA’s global LCL director, Greg Scott.


HAMBURG: February 24, 2016. Hapag-Lloyd has reported earnings before interest and taxes (EBIT) of US$406.7 million on revenue of US$9.81 billion for 2015, compared to an EBIT loss of US$508.7 million on US$9.04 billion revenue for the previous year.

Transport volume rose from 5.9 million to 7.4 million TEUs over the period largely due to increased volume from the merger with CSAV’s container business. The average freight rate in 2015 declined to US$1,225 per TEU from US$1,427 the previous year. As of December 31 2015, the company had €5.0 billion in equity and liquidity reserves of €962 million, while net debt rose from €3.0 billion to €3.3 billion year-on-year.

 

More News

Written on 24/03/2017, 21:15
hapag-lloyd-hit-by-low-freight-ratesHAMBURG: March 24, 2017. Hapag-Lloyd reported a net loss of €93.1 million in 2016 on revenue that fell 12.5 percent from the previous year to reach €7.73...
Written on 23/03/2017, 19:40
new-grow-box-technology-from-maerskTINGLEV, Denmark: March 23, 2017. Maersk Container Industry (MCI) has launched Star Cool CA+, an extension of its controlled atmosphere (CA) technology,...
Written on 23/03/2017, 17:04
emirates-responds-to-u-s-laptop-banDUBAI: March 23, 2017. Emirates Airline has responded swiftly to the U.S. ban on laptops and tablets via its passenger flights from Dubai with a free...
Written on 22/03/2017, 20:44
flying-eye-hospital-arrives-in-dohaDOHA: March 22, 2017. Qatar Airways has welcomed the arrival of the Orbis Flying Eye Hospital from the UK where the non-profit organization had earlier...
Written on 21/03/2017, 21:12
fedex-to-launch-round-the-world-from-liegeMEMPHIS, TN: March 21, 2017. Next month FedEx is to begin a B777 freighter flight from Liège, Belgium to Memphis as part of a round-the-world service...
Written on 16/03/2017, 20:20
k-n-acquires-two-pharma-logistics-companiesSCHINDELLEGI, Switzerland: March 16, 2017. Kuehne + Nagel is to acquire two specialist logistics companies in Turkey and Italy to expand its good...
Written on 15/03/2017, 17:52
panalpina-expands-circular-economy-centerDUBAI: March 15, 2017. Panalpina has officially opened its 40,000 square meter logistics manufacturing center in Dubai Logistics City, part of the bonded...
Written on 15/03/2017, 17:12
coyote-logistics-opens-in-guadalajara-mexicoCHICAGO: March 14, 2017. UPS 3PL subsidiary Coyote Logistics has opened a new office in metropolitan Guadalajara, Mexico to develop transborder truckload,...
Written on 15/03/2017, 15:20
auto-traffic-switches-from-road-to-railKIRCHHEIM/TECK, Germany: March 15, 2017. After a five-year hiatus, automobile logistics specialist Mosolf Group is re-introducing a weekly rail link...
Written on 14/03/2017, 19:47
unisys-offers-pay-for-use-air-cargo-managementLONDON: March 14, 2017. Unisys has launched 'Digistics' - described by the company as an "integrated cargo logistics solution" for carriers to streamline...
Written on 14/03/2017, 17:03
mercator-introduces-ice-in-abu-dhabiABU DHABI: March 14, 2017. IT solutions provider Mercator, majority-owned by Warburg Pincus Investments, has launched what it says is the air cargo...
Written on 14/03/2017, 15:59
unilode-wins-saudi-arabian-airlines-contractABU DHABI: March 14, 2017. Unilode, the ULD management company formerly known as CHEP, has won a major outsource contract from Saudia and Saudia Cargo to...
Written on 13/03/2017, 15:37
2016-revenue-increase-for-turkish-cargoISTANBUL: March 13, 2017. Turkish Airlines has reported a six percent rise in air cargo revenue in 2016 to US$996 million. Some US$600 million was...
Written on 10/03/2017, 21:49
nec-to-develop-visibility-platform-for-pandemic-responseTOKYO: March 09, 2017. The U.N. World Food Programme (WFP) and NEC Corporation are to develop the first supply chain visibility platform for pandemic...
Written on 10/03/2017, 20:21
airbus-helps-south-sudan-refugeesTOULOUSE: March 09, 2017. The Airbus Foundation has used an A330 test aircraft to carry 17 tonnes of aid equipment from the UK to Uganda for refugees...
Written on 09/03/2017, 22:32
the-alliance-sets-up-post-hanjin-insurance-planHAMBURG: March 09, 2017. On April 01 'THE Alliance' of Hapag- Lloyd, 'K'Line, MOL, NYK and Yang Ming, will launch 32 liner services to 75 major ports on...
Written on 09/03/2017, 16:35
another-quarter-decline-in-airline-profitsGENEVA: March 09, 2017: IATA says a drop in profits for its member airlines that began in Q3 2016 continued into the last quarter, despite margins...
Written on 09/03/2017, 14:55
hutcheson-to-operate-new-swedish-box-portSTOCKHOLM: March 08, 2017. Hutchison Ports is to operate the container terminal at Stockholm's new Norvik Port, due to open in three years. The facility,...
Written on 08/03/2017, 22:18
record-net-profit-for-deutsche-post-dhlBONN: March 08, 2017. Deutsche Post DHL (DPDHL) has reported a 71.4 percent rise in net profit of €2.64 billion on a 3.2 percent decline in revenue of...
Written on 07/03/2017, 19:49
yusen-supply-chain-uses-circular-economy-and-carbon-offsetHOOFDDORP, The Netherlands: March 07, 2017. Yusen Logistics has won a contract to manage the supply chain of diesel-engine cylinder blocks from...

- powered by Quickchilli.com -