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Posts tagged “Shipping”

 
Foreign shipping lines may stop services for cash-strapped Pakistan 
 
The ship agents have forewarned the cash-strapped Pakistani government that all export cargoes could come to a halt as foreign shipping lines are considering stopping their services for the country after banks stopped remitting freight charges to them due to a lack of dollar availability, according to a media report on Saturday. 
 
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Charter and equipment demand offers some hope for carriers in H2 
 
Maersk says “there may be reasons for optimism”, as it hopes for a “surge in demand from the second half of 2023” onwards. 
 
Although the carrier added that there was “little sign of any short-term improvement”, there were some positive signs emerging from the container industry services sectors. 
 
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HAPAG-LLOYD ACHIEVES EXTRAORDINARILY STRONG RESULT IN ITS ANNIVERSARY YEAR 2022 
 
On the basis of preliminary and unaudited figures, Hapag-Lloyd has concluded the 2022 financial year – in which it celebrated its 175th anniversary – with an EBITDA of USD 20.5 billion (EUR 19.4 billion). The EBIT rose to USD 18.5 billion (EUR 17.5 billion), which can primarily be attributed to higher freight rates. At the same time, disruptions in global supply chains and inflation have led to a significant increase in costs. 
 
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DP WORLD INVESTS £12M IN NEW RAIL INFRASTRUCTURE 
 
DP World is investing £12m in two new Rail Mounted Gantry (RMG) cranes at London Gateway to meet fast growing demand for rail connections from customers at the smart logistics hub, which will increase its capacity by a third when a new fourth berth opens next year. 
 
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FREIGHTLINER AND ONE LAUNCH RAIL SERVICE USING GD+ FUEL 
 
On January 17th, 2023, a new Freightliner service made its first journey travelling from Southampton to Crewe. For this journey, ONE purchased GD+ fuel to cover 100% of the fuel volume required. 
 
The train then continued its journey to Freightliner Coatbridge terminal, Scotland, using an electric locomotive, making this one of the greenest rail freight routes in UK Rail. 
 
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FREIGHT FORWARDERS WELCOME CONTAINER SHIPPING MARKET PUBLIC CONSULTATION 
 
The British International Freight Association welcomes the news of the launch by the Competition & Markets Authority (CMA) of a public consultation on the latter's proposed recommendation to UK government regarding the retained Liner Shipping Consortia Block Exemption Regulation. 
 
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Industrial action to impact freight movements 
 
We have received a notification from BIFA regarding the possibility of impacts to movement of freight through ports and airports as a result of planned industrial action by. 
 
Industrial action is planned to take place on the 1st February 2023 involving members of the Public and Commercial Services (PCS) union . 
 
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SHORT SEA BOOST FOR LONDON THAMESPORT 
 
The range of short sea container services available from Hutchison Ports London Thamesport is to be increased following the announcement by Viasea Shipping of a new service from the South East UK port. 
 
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PORT OF LIVERPOOL RANKED AS UK’S TOP PORT FOR PORT-CENTRIC LOGISTICS POTENTIAL 
 
The Port of Liverpool has been ranked as the UK’s top port for port-centric logistics potential in a new industry study. 
 
Property adviser Knight Frank analysed and ranked 41 UK ports based on 13 criteria, assessing their potential for future logistics investment and development, in its latest Future Gazing report. 
 
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