Hapag-Lloyd and CSAV sign merger deal to create the world’s fourth biggest carrier
Hapag-Lloyd and CSAV have signed a binding agreement on their merger discussions that is expected to see the Chilean carrier become the largest shareholder in the merged group.
All that remains as obstacles to the deal being closed are approvals from the respective competition authorities; the approval of the City of Hamburg (HGV), expected on 30 April; and the support of more than 95% of CSAV’s shareholders, which must be confirmed …
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LNG may be the key to reducing carriers’ massive fuel bills for ultra-large boxships
Bigger and bigger ships operating at slower and slower speeds across the tradelanes of the world are testament to the single-minded desire of ocean carriers to continually reduce their unit costs below those of their competitors.
However, the size of these ...
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New Cargolux CEO Reich: ‘it will take time to reap rewards from Zhengzhou flights’
Dirk Reich, the new CEO of Cargolux, has acknowledged that yields on the new route to Zhengzhou will initially be weak and that the carrier has had to suspend another service to accommodate the new destination.
Responding to The Loadstar’s questions, ...
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Inside the Bangladeshi garment industry
Nearly a year on from the Rana Plaza clothing factory collapse in Dhaka, which resulted in over 1,000 deaths, The Guardian has produced a fantastic multimedia documentary on the garment industry and its grip on Bangladesh. Objective, balanced, and at times utterly heartbreaking, this is as good an investigation into the impact – the good, the bad and the ugly – of global trade on communities that you are likely to see.Read more...
GSF calls for government help on unsubstantiated shipping surcharges
The Global Shippers Forum is calling for a new global campaign to help stamp out “unsubstantiated shipping surcharges” and other local charges. The association wants regulatory bodies worldwide to introduce new regulations and laws to stop what it calls “anti-competitive practices”. Sri Lanka has recently introduced laws preventing additional charges – and seen a 31% fall in logistics costs in one case. GSF claims that charges amount to a trade barrier and are particularly acute in Africa, Asia and South America.Read more...
Air Incheon to start cargo flights to China, Japan, Russia
Air Incheon, the South Korean all-cargo carrier that launched in 2012, is to expand its network and provide regular flights to China, Japan and Russia with its two 737-400Fs. Stating it will be “competitively priced” it will no doubt seek to take advantage of growing intra-Asian trade. Up till now it has only offered ad hoc flights to Sakhalin island off Russia’s far east coast.Read more...
European Parliament approves safer trucks
Or so claim those who won the vote, which will see a new truck design that is more environmentally efficient and allows for better vision of cyclist likely become mandatory across the EU in 2022.
The vote also put a temporary stop to the “megatrucks” debate, banning cross-border trials of longer, heavier lorries until the EC has undertaken further environmental impact studies. This article is a good review of who stood were on the debate and their reaction to the passage of the new legislation.Read more...
Lithium metal batteries could be banned from bellies by January 2015
From January 1 2015, lithium metal batteries will no longer be able to travel in aircraft bellies, it is expected.
ICAO’s dangerous goods panel meeting last week in Montreal concluded with a recommendation that only lithium metal batteries packed or contained within equipment, and those carried by passengers in the cabin, can travel on passenger aircraft. Passengers were prohibited from checking-in loose batteries in 2008.
The proposals, both the prohibition and date of implementation, need to be agreed by the Air Navigation Committee. It is as yet unclear how the ruling will affect volumes, but the news expected be welcomed by struggling freighter operators.Read more...
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