Monday, June 26, 2017
Speaking during a Eurocham-organised presentation on air cargo, airport general manager Chloe Lapeyre said that export volume had increased 36 per cent year-to-date as of May."Out of the most imported and exported goods from and to Cambodia, there are a limited number of categories that have a high reliance on air transport," she said.Ms Lapeyre said Cambodia was exporting growing amounts of electronics since 2015, particularly LED screens for mobile phones."We have seen a high growth in electronics, mainly driven by Minebea," she said, referring to the Japanese electronics manufacturer with a factory on the outskirts of Phnom Penh.
The airline raised its stake by announcing that it was buying shares in American Airlines, with an initial investment of up to 4.75 per cent, and potentially moving that figure up to 10 per cent, assuming board and regulatory approval.On the cargo side, Qatar Airways and other carriers that service the country are seeing as yet un-quantified surge in volumes, in response to disruptions in overland freight from Saudi Arabia, reports New York's Air Cargo World. According to the West Mediterranean Exporters Association, Turkish imports into Qatar between May 1 and June 15 were up 724 per cent, year-over-year. With maritime freight between Turkey and Qatar taking about 10 days, ocean trade between the two countries is surging too.If Saudi Arabia's King Salman hoped to sever ties between Iran and Qatar with his diplomatic onslaught, that seems to be backfiring, as well. Iran Air said that they were ramping up air freight deliveries of perishables to Qatar.Jordan's exporters are also relying on air freight to circumvent the blockade. Saadi Abu Hammad, president of the Jordan Exporters and Producers Association for Fruit and Vegetables, told local media that 90 tonnes of fruits and vegetables were being exported to Qatar daily via air.
For the full fiscal year, FedEx posted a $3 billion net profit, up 64.8 per cent year on year as revenues increased 19.6 per cent to $60.3 billion.After adjusting for new foreign currency taxes, the adoption of new accounting standards relating to the TNT Express takeover, and FedEx Ground's expansion, the company said its profit reflected tax benefits of $104 million."Strong fourth quarter results completed a record fiscal 2017," said FedEx CEO Frederick Smith. "We enter fiscal 2018 confident FedEx Corp will continue to deliver outstanding value and opportunities for shareowners, customers and team members for years to come," he said.During the quarter, the company saw revenue within the FedEx Express segment increase seven per cent to $7.18 billion, primarily due to increased package volume, driven by international export growth of five per cent, and higher base rates, said the company. Operating results increased primarily due to higher base rates, increased package volume, a positive net benefit from fuel and the continued benefit of cost management initiatives. Newly-integrated TNT Express saw fourth quarter revenues of $1.91 billion, with the as-reported results including $37 million of integration expenses and restructuring charges and $20 million of intangible asset amortisation expenses. The FedEx Ground segment saw quarterly revenues increase nine per cent $4.68 billion in 2017. The company attributed the increase primarily to higher base rates and average daily package volume growth of three per cent. The FedEx Freight revenues increased six per cent. Again higher base rates and fuel surcharges were credited for the increase. Looking ahead, the company is predicting another record peak season and also continued growth in large package delivery because of the growth in the types of products being sold online.
Failure to do so can potentially lead to prosecution, with a range of penalties available in sentencing. Even if an infringement does not extend to such extremes it can involve a shipper, forwarder, customs broker or carrier in unwelcome documentation and quite probably in equally unwelcome scrutiny by border agencies for a long time, according to an article published by Perth's Aircargo Asia-Pacific.Australia's Department of Foreign Affairs and Trade (DFAT) has a vast amount of information about sanctions on its web site: number of countries covered by sanctions might come as a surprise. DFAT outlines the background to each and the obligations and responsibilities inherent in each.Sometimes Australia opens its intention to sign up for or impose sanctions with public consultations to ensure there are no unintended consequences or unfairness. DPRK sanctions came under review late last year.New Zealand has also been reminding shippers and the freight sector of their responsibilities, especially with the DPRK sanctions that came into effect on May 18.A NZ Customs trade advisory noted "brokers are asked to take particular care with their entries to ensure correct country of origin, to avoid delays which may be caused by miscoding. Particular attention should be paid to the obligation on importers and exporters to present to customs for inspection all goods which have originated in DPRK or are destined for DPRK".The advisory also explained that it wasn't just a matter of importing goods from DPRK or exporting them there. The sanctions extend to goods that have "been brokered by or on behalf of the government of DPRK, a national of DPRK or a designated person".And, it stressed, they covered goods "that have been carried on or are to be carried on a ship that is registered in DPRK or uses the DPRK flag; or an aircraft registered in DPRK".
The cranes will be installed on Japanese truck chassis bearing the FUSO" brand. The value of the order is close to EUR2 million US$2.2 million). "We are very happy to contribute to this United Nations project to assist developing countries in Africa," said Japan Hiab Business director Toshiya Suzuki. The ordered HIAB XS 088 CLX cranes are manually controlled with a lifting capacity of 8.2 tonnes. The 40 units will be delivered to Tanzania during the last quarter of 2017.Hiab expanded its business in Japan in 1973, and has specialised in loader cranes mainly equipped with grapple, forestry cranes, demountable systems, and tail lifts. For waste and scrap handling industry and forestry market in Japan, Hiab holds a dominant market share.Hiab is a leading provider of on-road load handling equipment staffed by 3,000 globally, providing loader cranes, recycling and forestry cranes, truck mounted forklifts and demountables, as well as tail lifts.
In addition, Bombardier will execute a Technical Services and Spares Supply Agreement (TSSSA) for the duration of the seven-year franchise, with an option to extend for 11 periods in line with the existing franchise extension option, a company statement said.The UK-based rolling stock investment consortium Rock Rail will finance the procurement.First Rail managing director Steve Montgomery said: "We have exciting plans for the South Western rail franchise and these new trains are an important step on the way to delivering an improved journey experience for our passengers."Bombardier Transportation's UK managing director, Richard Hunter, commented: "We are thrilled to have won this important contract. It demonstrates further confidence placed in this market leading rolling stock, designed and built in Britain.""Aventra offers enhanced performance and increased passenger capacity, which will play an important part in helping First/MTR satisfy continued levels of passenger growth on the South Western network. "The contract builds upon our strong credentials, following the selection of Aventra for Crossrail and Lotrain in London, as well as for the East Anglia franchise." The FirstGroup and MTR partnership takes over the South Western franchise on August 20 2017. The new trains will operate on the Windsor, Reading and West London suburban routes. The new trains will start to come into service from mid-2019 and will all be in place by December 2020.
The order was booked into Cargotec's 2017 second quarter order intake, and the delivery is scheduled for the first quarter of 2018. The cranes will be delivered to Ports America's Seagirt Marine Terminal in Baltimore.Ports America is the biggest terminal operator and stevedore in the United States, operating in more than 42 ports and 80 locations in North America. Ports America Chesapeake's Seagirt Marine Terminal is currently handling an annual volume of 800,000 TEU. It is one of four US east coast ports able to handle superpostpanamax containerships that began transiting the newly opened Panama Canal locks in 2016. The order is a part of the terminal's investment programme focused on ensuring that the terminal is equipped with the right amount of equipment and the latest technologies to support the future growth.Said Ports America Chesapeake general manager Bayard Hogans: "We see Kalmar as a trusted supplier, and the addition of six RTGs will help ensure we can maintain high levels of service." Said Kalmar vice president Troy Thompson: "From our advanced anti-sway system to factory-fitted collision detection system, we have listened closely to Ports America and look forward to a solid relationship as we each move into the future of container handling."The delivery includes Kalmar SmartPort process solutions: Kalmar SmartProfile, Kalmar SmartRail, Kalmar SmartStack, and Kalmar SmartFleet. Kalmar SmartProfile uses advanced laser technology to detect collision risks in a stack and automatically stops the trolley when a risk is detected.Kalmar SmartRail automated gantry steering system controls the gantry within centimetre-grade accuracy on the travelling path, improving the terminal's operational efficiency and ease of use by the operator.
The port also posted the strongest May volume in the port's history - 182,452 TEU. As measured in pier containers, or total boxes, SCPA moved 103,462 containers in May. The port handled 1.1 million pier containers in the fiscal year to date. May was a record month at Inland Port Greer, with 47 per cent growth in rail lifts over May 2016. The facility handled 12,702 rail moves in May, bringing fiscal year to date rail volume to 108,701 rail lifts. In a separate development, the SCPA's board of directors has adopted a 2018 fiscal year financial plan that includes US$251.1 million operating revenues, $44.1 million operating earnings, and capital expenditures of $262.3 million. The plan projects pier containers, or box volume, of 1.26 million during FY2018, a six per cent increase from the 1.19 million boxes SCPA is expected to handle this fiscal year. Strong growth at Inland Port Greer is also planned, with rail moves expected to increase 20 per cent over FY2017 projected totals, a statement said.Planned operating revenues for FY2018 reflect a 9.4 per cent increase above the current fiscal year, which are expected to reach $229.4 million. The board approved a $262.3 million capital plan, the largest in the SCPA's history, with expenditures projected $14.3 million higher than FY2017. SCPA will invest $54 million in site development, construction and equipment for the construction of the Hugh K Leatherman Terminal, a new container terminal slated to open in 2020. Other primary capital expenditures planned include $86.3 million in upgrades to the Wando Welch Terminal, including the completion of the wharf modernisation project; $32.2 million for the construction of Inland Port Dillon, opening during the spring of 2018; and $23.3 million for the construction of the new SCPA corporate office. "SCPA is handling larger volumes than ever before, and our plans for the new fiscal year enable our existing facilities to handle big ships," said SCPA president and CEO, Jim Newsome. "This is the largest capital expenditure plan in our history, encompassing a number of projects that collectively will enhance the service of our port."
Previously, the goods were cross-docked at the company's warehouse in Karpin, just outside of Warsaw in Poland, before being taken onwards by road. But with the new service, containers are reloaded onto rail cars in Hamburg for Scandinavia and the company's new hub in Hallsberg in Sweden. The lead time from Hamburg to Hallsberg is only a few days.The company said that it is currently only handling full container loads (FCL) via its set-up in Hamburg. However, it is looking into the viability of offering this service for less-than-container loads (LCL) as well.The company said that it is offering this service because of the "big increase" in demand for rail freight between Asia and Europe. Customer expectation has also changed as they "want to use a freight forwarder that transports the goods in a sustainable way.""In 2016, 1,800 block trains transported goods between China and Europe, and by 2020, the expectations are 5,000," a statement from the company added.
The charge applies to cargo from all Asian ports including Japan, southeast Asia and Bangladesh bound for northern European ports including those in the UK and the full range from Portugal to Finland and Estonia.The peak season surcharge applies until further notice from the implementation date on dry, out of gauge, paying empties, breakbulk and reefer cargo.
Spot rates from Shanghai to North America have fallen to US$1,146 per FEU to the west coast and $2,081 per FEU to the east coast, wiping out all gains made since September 2016 when Hanjin's sudden departure resulted in a surge in spot freight rates, says Alphaliner.Data from PIERS of IHS Media, show eastbound transpacific volume rising by 5.3 per cent between January and May. Alphaliner said the May liftings numbers show that all the main container shipping lines (apart from Hapag-Lloyd and UASC) have capitalised on Hanjin's departure from the trans-Pacific trade with notable volume gains by new entrant SM Line, PIL (up 108 per cent), HMM (up 60 per cent), and OOCL (up 56 per cent).The analyst said the three Japanese carriers - "K" Line, MOL and NYK - also achieved a 28 per cent combined gain and are set to become the single largest carrier on the transpacific when they merge their container operations in April 2018 under the trade name of Ocean Network Express (ONE).While east-west rates remained under severe competitive pressure, even as the market heads toward the container shipping summer peak season, Alphaliner said the opposite was occurring on the north-south trades.Spot rates from China to South America have risen to their highest levels since 2009 when the Shanghai Containerised Freight Index (SCFI) assessment was first published, reaching $3,551 per TEU. Rates have more than doubled in just three months and they are light years away from the market bottom in early 2016, when containers were shipped from Shanghai to Santos for as little as $100 per TEU, the analyst said in its weekly newsletter.Rates to Africa and the Middle East also recorded significant gains in the past three months, as capacity reductions on these north-south routes, introduced over the past 18 months, resulted in space shortages now that volumes have started to recover.
Asia-Mediterranean trade inched up 0.1 per cent to $878 per TEU, American Shipper reported. On the other hand Asia to the US west coast declined 4.7 per cent week-over-week to $1,092 per FEU while those to the east coast off 3.3 per cent to $2,013 per FEU.