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

GAC Russia expands east etc.

YUZHNO-SAKHALINSK, Russia: July 25, 2016. GAC has opened branches at Nakhodka and the Sakhalin capital, Yuzhno-Sakhalinsk. The company says it is the only ship agent to cover the whole interconnected Arctic region with existing offices at Murmansk, Kandalaksha and Sabetta.

GAC Russia's general manager Arkady Podkopaev said the time was now right to expand eastwards to provide ship agency and husbandry services in the Russian Far East - which has a coastline of over 5,000 miles and covers 22 maritime ports.

The region includes an FTZ set up last year covering Vladivostok, Nakhodka, Korsakov for imports from China, Japan and Korea that are transferred to ships or the Trans-Siberian Railway for Central Asian, Middle East and European markets.

Podkopaev added: "The region offers a wealth of business opportunities for our integrated services, and those opportunities are set to become even more plentiful as a result of the Free Port Zone."

Sakhalin Island is home to Russia's first LNG exports to Asian countries while most of the crude oil exports come from the Kozmino terminal near Nakhodka.

In a relaed move, GAC Brazil has opened a new office at São João da Barra RJ, in the north of Rio de Janeiro State. The facility serves customers using the Açu port complex, some 315 kilometers north of Rio, that has ten berths and is deep enough to accommodate some of the world's largest container vessels.


Iberia CargaMADRID: July 29, 2016. International Airlines Group, owners of Aer Lingus, British Airways, Iberia and Vueling, has reported a 67 percent rise in 2016 first half (H1) profit of €554 million on revenue of €10.8 billion – a 4.1 percent increase over the same period last year.

Net profit for the second quarter ending June 30 (Q2) was €396 million - an increase of 10.6 percent over the same period in 2015 - as cargo revenue fell 12 percent to €241 million.

IAG CEO Willie Walsh said a weak Sterling had cost the group €148 million in exchange losses while "numerous external factors affected our airlines including the impact of terrorism, uncertainty around the UK's EU referendum and Spain's political situation and increased weakness in Latin American economies".

IAG Cargo CEO Drew Crawley added that volumes were flat and yields decreased 13.4 percent in Q2 due to increased competition and excessive freighter capacity: "Flat demand for consolidated general cargo and excessive freighter capacity in the industry is causing supply to continually outstrip demand," he said.

"These challenges are not solely restricted to airfreight, with increasing competition and capacity coming from road, rail and sea freight, exerting significant price pressures."

Crawly said IAG Cargo would continue to concentrate on the growth of its premium products, leverage its network - now augmented by Aer Lingus - and focus on its "smart partnerships" with Finnair and Qatar Airways.


GENEVA/MARSEILLES: July 25, 2016. MSC has joined CMA CGM as an investor in French sea container tracking company Traxens.

Commenting on the decision, MSC president and CEO Diego Aponte said that while shipping lines should compete on service there's no reason why they shouldn't co-operate in the area of technology and innovation.

CMA CGM vice chairman Rodolphe Saadé added: "We recognized the need for more and better data coming from our containers quite a while ago. We are proud to have identified the potential of the Traxens solution early on."

The French company has also announced a 'Bengal Bay Express' service linking Thailand with the U.S. East Coast via India and the Middle East. The container service will operate weekly with 11 vessels of 6,500 TEU from Laem Chabang and make a roundtrip call at Singapore, Colombo, Damietta, Cagliari, Halifax, New York, Savannah and Norfolk.

More News

Written on 25/07/2017, 20:59
samskip-to-buy-nor-linesROTTERDAM: July 25, 2017. Multimode logistics services company Samskip is to acquire Nor Lines from the DSD Group to expand its shipping, transport and...
Written on 24/07/2017, 15:30
customs-app-a-hit-at-brusselsBRUSSELS: July 23, 2017. A new Customs Export app is proving popular among the BRUcargo forwarding community at Brussels Airport following a launch at the...
Written on 21/07/2017, 21:30
u-s-trucking-volumes-continue-to-growARLINGTON, VA: July 19, 2017. The American Trucking Associations' latest forecast says U.S. freight volumes will grow 2.8 percent in 2017 and then average...
Written on 21/07/2017, 17:15
turkish-cargo-supports-perishables-exportersISTANBUL: July 21, 2017. Phuket has become Turkish Airlines 300th destination with the launch of a four times weekly passenger service plus A330 freighter...
Written on 21/07/2017, 15:14
united-cargo-increases-revenueCHICAGO: July 18, 2017. United Airlines has reported a 39.1 percent increase in net profit to US$818 million for the second quarter 2017 on a 6.4 percent...
Written on 19/07/2017, 21:52
dhl-vietnam-delivery-goes-electricHO CHI MINH City, Vietnam: July 17, 2017. DHL eCommerce has launched a nationwide domestic delivery operation including the use of electric motorbikes for...
Written on 18/07/2017, 20:18
bahri-and-bollore-build-a-businessRIYADH: July 18, 2017. The National Shipping Company of Saudi Arabia (Bahri) is setting up a joint venture with Group Bolloré to provide end-to-end...
Written on 18/07/2017, 16:22
seatrade-and-cma-cgm-to-launch-reefer-serviceMARSEILLE/ANTWERP: July 17, 2017. CMA CGM and ocean reefer specialist Seatrade are to begin a vessel-sharing agreement for perishables in October...
Written on 17/07/2017, 13:12
freightweek-news-update-week-29LONDON: July 21, 2017 - In response to demand on its North Sea route from Rotterdam (Europoort) to Harwich (UK), Stena Line is replacing its current RORO...
Written on 14/07/2017, 19:37
successful-first-test-for-hyperloop-oneNEW YORK, July 12, 2017 Hyperloop One has completed the first test of its vacuum transport system with a vehicle coasting for 5.3 seconds using magnetic...
Written on 13/07/2017, 20:12
istanbul-new-airport-signs-250-million-cargo-contractsISTANBUL: July 12, 2017. İstanbul New Airport has signed 25-year leases valued at €250 million with six cargo operators. MNG, PTT, Çelebi Ground...
Written on 11/07/2017, 21:40
turkish-airlines-continues-support-for-new-albania-airlineISTANBUL: JULY 10, 2017. M. İlker Ayci, chairman of Turkish Airlines, said the expected downsizing of Italian airline services to Albania creates a "high...
Written on 11/07/2017, 20:22
freightweek-news-update-week-28AMSTERDAM: July 14, 2017. SkyTeam, the global airline alliance, has appointed Nico Van der Linden as vice president Cargo from July 01, 2017. Read...
Written on 11/07/2017, 19:53
expanding-pharma-future-for-amerijetFORT LAUDERDALE, FL: July 11, 2017. Amerijet International has announced it is the first U.S. all-cargo airline to earn IATA's CEIV- Pharma...
Written on 10/07/2017, 22:46
rembrandt-returns-from-russiaAMSTERDAM: July 10, 2017. KLM Cargo is to deliver 63 Dutch Masters, including six Rembrandts, from the State Hermitage Museum in St Petersburg to the...
Written on 10/07/2017, 22:01
delta-creates-certified-pharma-networkATLANTA: July 10, 2017. Delta Cargo has become the first U.S. major carrier to be awarded IATA's Center of Excellence for Independent Validators (CEIV)...
Written on 09/07/2017, 22:24
cosco-shipping-buys-orient-overseasSHANGHAI/HONG KONG: July 09, 2017. COSCO Shipping Holdings and the Shanghai International Port Group (SIPG) are to acquire Orient Overseas International...
Written on 06/07/2017, 22:21
swiss-link-germany-to-belgium-and-hollandFRENKENDORF, Switzerland: July 06, 2017. Container handling and logistics company Swissterminal has begun a new Swisstrain box service to the Port of...
Written on 06/07/2017, 21:21
tnt-makes-progress-in-petya-recoveryMEMPHIS: July 06, 2017. FedEx reports most services from its TNT subsidiary are now available with all depots, hubs and facilities open, operational and...
Written on 05/07/2017, 22:35
luxembourg-says-it-with-flowers-hola-quitoQUITO, Ecuador: July 05, 2017. Cargolux Airlines has added Quito to a four-times a week roundtrip B747 freighter service that links Luxembourg, Curitiba...

- powered by Quickchilli.com -