• 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
  • News Clippings, 17 August 2018

     India suffers growing trade gap as Rupee tumbles India has suffered a double blow as its trade deficit – the gap between imports and exports – widened to it largest margin in the last five years. A perfect storm of higher oil prices and the fall out from the Turkish Lira currency crisis, resulted in […]

    Fwd News 0 Comments August 16, 2018
  • News Clippings, 09 August 2018

     Remote-control cargo plane study riles US pilot unions A study that recommends allowing remote control co-pilots for cargo aircraft has been condemned by unions representing pilots from 50 airlines. The idea is that planes can be flown with one pilot and with a ground-based co-pilot, this has led to a strong protest that remote control […]

    Fwd News 0 Comments August 8, 2018
  • News Clippings, 02 August 2018

    COSCO completes takeover of OOCL China’s largest shipping line COSCO, formally completed its takeover of Hong Kong-based global carrier OOCL. A statement issued by COSCO said that there would be a deepening of cooperation between the two shipping lines, but that OOCL will continue to operate as a separate brand and set its own business […]

    Fwd News 0 Comments August 2, 2018
  • News Clippings, 20 July 2018

    India ends cabotage as Chennai slashes trans-shipment rates India has ended cabotage rules, which has spurred on the Port of Chennai to reduce rates by up to 70 per cent on short-sea feeder trans-shipment cargo. The Port Trust announced a number of tariff cuts for domestic and foreign ocean carriers handling transhipment export-import containers. Carriers […]

    Fwd News 0 Comments July 19, 2018
  • News Clippings, 12 July 2018

    Iran services withdrawn by CMA CGM as US sanctions bite CMA CGM has ended its services to Iran, following the US Government’s decision to renew sanctions on the country. The carrier’s Chief Executive Rodolphe Saade told an economic conference in Aix-en-Provence in southern France, that the company’s agreement with Iran to lease space onboard vessels, […]

    Fwd News 0 Comments July 11, 2018