• News Clippings, 10 January 2019

    COSCO and Abu Dhabi Terminals sign MOU Cosco Shipping Ports (CSP) terminal opened at Khalifa Port in Abu Dhabi in December and the company has followed up by signing a Memorandum of Understanding with Abu Dhabi Terminals (ADT) to expand collaboration between the two terminals. CSP’s new semi-automated terminal, which will begin trial operations in […]

    Fwd News 0 Comments January 9, 2019
  • News Clippings, 29 November 2018

    Singapore and Hong Kong terminals launch blockchain initiative PSA International of Singapore and Hong Kong’s Modern Terminals (MTL) have committed to using a blockchain cargo documentation system to improve data security and enable faster movement of cargo through the supply chain. The developer of the blockchain system is Crimson Logic which has PSA International as […]

    Fwd News 0 Comments November 28, 2018
  • News Clippings, 22 November 2018

    No short-term tariff issues for Asian carriers Carriers and logistics companies are playing down the impact of the trade war between China and the US according to senior executives at the Asian Logistics and Maritime Conference. In the short term the forecast is that there will be a spike in demand on transpacific routes in […]

    Fwd News 0 Comments November 21, 2018
  • News Clippings, 08 November 2018

    New Trans-Siberian rail to link Japan with Russia, China, South Korea Japan is testing a new freight route which will connect the country to Russia, China and South Korea via ferry and rail. The rail freight route will cut transit times between Japan and Russia and lower costs by up to 40 %, according to […]

    Fwd News 0 Comments November 7, 2018
  • News Clippings, 01 November 2018

    BIFA responds to UK pre-Brexit budget The British International Freight Association (BIFA) has responded to the UK Budget announced by Chancellor of the Exchequer, Philip Hammond by welcoming investment in infrastructure and a fuel duty freeze but voicing concern about the consequences of a ‘no deal’ Brexit in March 2019. Robert Keen, director general of […]

    Fwd News 0 Comments October 31, 2018
  • News Clippings, 25 October 2018

    Russia to start express rail service to China A new rail service delivering food products from Russia to China will be launched connecting Krasnodar in Southern Russia to Chengdu, before the year end. The first shipments will comprise dairy products, flour and vegetable oil, according to Russia Rail Logistics. The transit time will be between […]

    Fwd News 0 Comments October 24, 2018
  • News Clippings, 18 October 2018

    US retail post-tariff imports stay strong Following the latest round of tariffs imposed by the US, the National Retail Federation (NRF) said that imports of retail goods remained strong according to its recent Globe Port Tracker report. Jonathan Gold, vice president of Supply Chain and Customs Policy for the NRF said, “Retailers are continuing to […]

    Fwd News 0 Comments October 17, 2018
  • News Clippings, 05 October 2018

    US and Canada break trade talks impasse A new deal has been struck between the US and Canada that will allow for American farmers to access the Canadian dairy market and stronger intellectual rights. The deal will also aim to have all cars sold in the NAFTA region to have 75% of the materials originate […]

    Fwd News 0 Comments October 4, 2018
  • News Clippings, 27 September 2018

    Tariffs have no impact on Asian air cargo in August August figures for air cargo in Asia have not been adversely affected by increased protectionism according to Andy Herdman, director general of Association of Asia Pacific Airlines (AAPA). Traffic figures show that freight tonne kilometres increased by 4.2% year-on-year. A statement from AAPA stated that: “Escalation […]

    Fwd News 0 Comments September 26, 2018
  • News Clippings, 13 September 2018

    CMA CGM volumes up but net revenue down in Q2 CMA CGM recorded an increase in volumes of 9.6% in the second quarter of 2018 and revenues grew by 7.4% to US$5.7 billion. However, consolidated net revenue in the second quarter dropped to US$22.7, partly attributed to rising bunker fuel costs which increased by 27.7% […]

    Fwd News 0 Comments September 12, 2018
  • News Clippings, 07 September 2018

    OOCL cancels more Asia Europe sailings Orient Overseas Container Line (OOCL) has dropped its Loop 1 sailing on the Asia North Europe service following China’s National Day on October 1, due to low demand. The Shanghai westbound service on October 7 and the eastbound Rotterdam service on November 9 will be cancelled. This followed the […]

    Fwd News 0 Comments September 6, 2018
  • News Clippings, 21 September 2019

    Maersk to introduce new fuel billing system From January 2019, Maersk will introduce a predictive bunker adjustment factor (BAF) in order more accurately reflect the fluctuations in oil price surcharges that are passed on to its customers. The action has been taken as the carrier is facing an extra fuel bill of more than $2bn […]

    Fwd News 0 Comments September 20, 2018