ACB was established in 2016, after extensive discussions between Brussels Airport; BAFI; ACMAB; Voka; CTC; Aviapartner; Swissport and WFS.ACB initially was comprised of seven members, but it has since expanded to have more than 150 - including groundhandlers, airlines, forwarders and other stakeholders.ACB continues to use the BruCloud platform to improve efficiency and effectiveness of cargo operations at the hub. The International Air Cargo Association (TIACA) chairman Steven Polmans was the first chairman of ACB. "I firmly believe that ACB has brought together the various players at BRUcargo to jointly seek solutions for the greater good," he said. "Thanks to ACB, BRUcargo is a perfect example of a modern and forward-looking ecosystem and the value that such an ecosystem can generate for its participants as well as the wider environment," said Mr Polmans."Moreover, from my international position as president of TIACA, I can say that in a very short time ACB has built a reputation and an image worldwide for the work they do and the role they play and, above all, the results they achieve," he said.
Masil's team of 65 staff is providing ground handling services at the hub to carriers including Emirates, Qatar Airways, Turkish Airlines, DHL, MNG Airlines, Silk Way Airlines, Royal Jordanian, Egypt Air, flydubai and Middle East Airlines.Under an initiative at the hub called Cargo Go Live, Masil employees are also undertaking Menzies Aviation cargo training modules, including dangerous goods, safety management, security and specialised handling techniques.A spokesperson for Menzies Aviation said: "The joint venture partners will also implement advanced and bespoke technological systems that will streamline the cargo handling process."Masil's operations at Baghdad International Airport follow it being awarded an exclusive contract by the Iraqi Civil Aviation Authority (ICAA) for the delivery of ground handling, cargo and fuelling services at the airport. The license was the first of its kind to be awarded by the ICAA to a foreign aviation services company.Charles Wyley, executive vice president at Menzies Aviation - Middle East, Asia and Africa, commented: "As we begin to support our cargo customers at Baghdad, we are also delivering against our objective of developing the airport's operating procedures and training schemes."Our cargo manifesto, which sets out our strategy for developing a world-class air cargo facility, will see us sharing our deep experience and knowledge to build a safe, compliant and sustainable cargo operation at Baghdad."
Cargoject reported that first-quarter revenues increased by 30.3 per cent year on year to CAD160.3 million (US$130.58 million). Earnings before interest and tax were up from a CAD0.9 million loss last year to a CAD91.1 million profit this year while net earnings for the period increased from a loss of CAD1.8 million last year to a profit of CAD89.4 million, reports London's Air Cargo News.The company said the increase in revenues was largely down to improvements in its domestic network and ACMI business."The increase [in domestic network revenues] was primarily due to an increase in e-commerce volumes during the period, but partially offset by a decrease in B2B volumes, both as a result of the Covid-19 pandemic," it said. "The e-commerce volumes continued to be significantly higher than previous years while the B2B volumes have largely recovered since the onset of the pandemic. The increase in shipping volumes during the period resulted in a 15.5 per cent increase in the average domestic network revenue per operating day."The ACMI increase came primarily as a result of two new scheduled routes to Europe that started in April 2020 to replace passenger belly cargo capacity that disappeared as a result of passenger airlines cutting back capacity and flying. Another route to the US and Mexico was added at the end of September 2020.Over the past few months, the company has announced expansion plans. In February, Cargojet confirmed plans to enter the B777 freighter market and add extra B767F aircraft to meet international growth opportunities.That month the lessor and operator also raised CAD365 million through an equity deal. The money will be used to pay off debt and acquire the new aircraft.The company said that two Boeing 777 freighters will arrive in 2023, with the option to add two more in 2024.The first two of these freighters will be deployed for long-haul Asian routes and emerging South Asian markets "strategically integrated with Cargojet's domestic network and in addition, they will serve and connect seamlessly with select European and South-Central and North American cities".Meanwhile, the first of five Boeing 767 freighters, announced earlier, will begin arriving in 2021 with the first freighter arriving in the third quarter of this year with one additional freighter arriving every quarter thereafter.
South Africa President Cyril Ramaphosa said the government intends to mobilise private sector participation in the port's expansion project. This will help the port perform its role of anchoring economic growth and serving as a gateway to southern Africa and the entire continent, reports Fort Lauderdale's Maritime Executive."Partnerships with the private sector are crucial to bring new investment, technology and expertise to port operations and to modernise equipment and infrastructure," the president said in an open letter.He added that Transnet, the country's custodian of ports, rail and pipelines, will later this year sign a concession with a private company to build and operate a new terminal in the Point Precinct, which will improve the efficiency of container handling at the port.The Durban port modernisation programme will also include the deepening of the Maydon Wharf channel to allow large, modern vessels to enter the port, along with the infill of Pier 1 and Pier 2 to create additional capacity for containers.Once completed, the container handling capacity of the port will increase from 2.9 million TEU to more than 11 million TEU. The decade-long project will allow Durban to reclaim its position as Africa's busiest and largest harbour. In recent years, it has slipped into third place behind Tangiers in Morocco and Port Said in Egypt."Through both operational improvements and structural reforms, Durban Port will reclaim its place as the best-performing port in Africa," said Mr Ramaphosa.The port of Durban has been grappling with a worsening crisis of congestion, which has caused shipping companies express concern about drayage queues, ship berthing delays and anchorage times, along with poor maintenance of equipment and low productivity.In 2019, the government formed a multidisciplinary Port of Durban Decongestion Task Team, which came up with measures that are being implemented to tackle the challenge.The measures include synchronising the operating hours of back-of-port container depots with the port's round the clock operating hours and introducing a holistic truck booking system that provides an integrated view of expected truck volumes in order for all parties to plan more effectively."These efforts are already showing results in improved maintenance of equipment, reduced congestion, quicker turnaround times and increased use of rail instead of road transport," noted Mr Ramaphosa.He added that while this is important progress, there is still much work to be done to position Durban as a world-class hub port for the southern hemisphere.Transnet National Ports Authority data show the port of Durban overall throughput in 2018 stood at 2.9 million TEU, a 10 per cent increase from the 2.6 million in 2017. During the year, total cargo throughput stood at 83.1 million tonnes, a 6.4 per cent increase from 78.1 million tonnes the previous year.
Later this month, the German port expects at least two more trains from Xuzhou. This latest service by Xuzhou-Europe Railway Express signals its established status in the Hanseatic City, where its sixth train has meanwhile arrived, and the service will be further expanded.The first train to Hamburg departed in November last year from Tongshan rail freight terminal and its route encompassed Russia, Poland and Hamburg, among other points. The containers still on board are dispatched onwards throughout Europe.In recent years, 232 links have been established between 20 Chinese destinations and Hamburg and last year throughput on intercontinental rail traffic between Hamburg and China alone increased by at least seven per cent. Total volume climbed to 107,000 TEU.Almost 40 trains per week are running between various provinces in China and Europe's largest rail port."The New Silk Road is an important addition to seaborne services on the global supply chain between China and Germany. Positive developments stress the welcome being given to what is being offered," says Axel Mattern, Joint CEO of Port of Hamburg marketing.
Following the landmark reform, foreign-flagged liners became free to transport laden export-import containers for transshipment and empty containers for repositioning between Indian ports without any specific permission or license, thus paving the way for elevated cargo aggregation opportunities. In its latest filing to India's Ministry of Shipping, the Container Shipping Lines Association of India (CSLA) - the local umbrella body of foreign shipping lines - said taking advantage of that liberalised window, member carriers were able to redirect an estimated 1.32 million TEU of containerised shipments to mainline ships calling at domestic gateway ports in 2020, up from 1.24 million TEU the prior year. The group noted that the bulk of this regained volume, which it pegged at approximately 40 per cent, would have otherwise found its way through Sri Lanka's Colombo port by using feeder options, followed by Singapore (20 per cent) and Malaysia's Port Klang (10 per cent), inevitably involving extra shipper costs and longer carrier transits. Placing that significance in further context, the report found that roughly 1.07 million TEU out of the 1.32 million TEU represented laden cargo (about 81 per cent), with empty movements making up the remainder (19 per cent). "Cabotage relaxation has acted as a catalyst for the Indian ports to become hubs for transshipment of containers," Sunil Vaswani, executive director of CSLA, said.Mr Vaswani said with the cabotage law change, beneficial cargo owners (BCOs) - especially importers vexed by high inland logistics costs - secured the opportunity to enjoy more reliable and competitive coastal shipping offerings between the west and east coasts of India. "It provided an incentive for India to be a transshipment hub so as to retain cargo, at least partially, that was otherwise lost to neighbouring foreign ports like Singapore and Colombo," he said. Vaswani also noted that if the modified cabotage policy were to be lifted, Indian ports could lose about 1 million TEU of transshipment traffic that they have recaptured in the post-reform years.
That's the highest level ever in a data series that goes back to January 1992, and represents a 57.6 per cent increase from the same period a year ago and higher than the $70.5 billion in February, reports CNBC.The deficit increase has been attributed to the consumers flush with government cash spurred a continuing demand for foreign-made goods. With a new round of $1,400 stimulus cheques pouring in and the domestic economy continuing to show substantial improvement.The trade imbalance with China increased more than 22 per cent to $36.9 billion. The deficit with Mexico rose 23.5 per cent to $8.4 billion."Stimulus has kept American consumers spending through the pandemic, but restrictions on high-contact industries have diverted consumer spending from domestically produced services to goods, much of which are imported," Bill Adams, senior economist at PNC, wrote.Exports actually increased for the month, rising $200 billion or 6.6 per cent. But that was offset by a continued demand for imported goods, which increased 6.3 per cent or $274.5 billion.The deficit has risen nearly 10 per cent in 2021 alone and has exploded from the $47.2 billion level in March 2020, just as the US was entering the early days of the Covid-19 pandemic. Imports in 2021 have increased by 8.5 per cent while exports have fallen 3.5 per cent.Mr Adams said the shortfall is likely to decline in coming months as the recovery progresses."As the pandemic comes under control in the United States, American consumers will spend less on imported goods, shrinking imports; and foreigners will buy more US exports as their economies recover further," he said.
Alphaliner is reporting a price to be in excess of US$37 million for the classic panamax currently on charter to Sea Lead Shipping.Online pricing platform VesselsValue has the Liberia-flagged 51,300 dwt vessel at close to $36.8 million.The acquisition of the Arguello will bring SM Line's controlled fleet to 12 box ships with a total capacity of around 60,000 TEU, according to Alphaliner.The South Korean liner is planning for an initial public offering on the local stock exchange in Seoul by the end of this year.
The shipping line reported a first quarter net income of US$2.7 billion compared to $197 million in the same period last year. EBITDA increased to $4.0 billion from $1.5 billion, while first quarter revenue increased by 30 per cent to $12.4 billion from $9.6 billion in the previous year.The company said revenue growth was driven by an increase in Ocean of 31 per cent, while revenue increased in Logistics & Services by 42 per cent.Chief Executive Soren Skou attributed the Q1 strong performance by high demand for shipping containers from China to the US.Maersk, which handles about one in five containers shipped worldwide, said there were not enough ships available in the world to meet a surge in consumer demand, resulting in record-high freight rates."The situation today is that our customers are trying to meet a very, very high underlying demand, while at the same time rebuilding stock," Mr Skou told a media call.Large retailers and producers have said congestion at ports, container shortages and delays at the Suez Canal were causing problems in shipping products made in Asia to key markets.Imports into North American from Asia rose 40 per cent in the first three months of the year. Container ships are now waiting 16 days outside the port in Los Angeles to unload, Mr Skou said."This is a huge problem for our customers," the CEO said. "It's a mess and it will take some time to clear."Maersk last week raised its outlook for full-year underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to $13 billion-$15 billion from $8.5 billion-$10.5 billion.It lifted its forecast for global container demand growth to 5-7 per cent from 3-5 per cent. "We now expect the current dynamics to last into the fourth quarter," Mr Skou said.Maersk said high free cash flow had prompted it to speed up an existing $1.6 billion share buyback programme and launch a new $5 billion share buyback programme that will conclude in 2023.