Monday, November 28, 2022

News

CMA CGM Group grows its revenue by 29.9% Y-o-Y reaching $19.91 Billion in Q3 of 2022

News
CMA CGM Group, founded by Mr.Jacques Saadé, is currently the 3rd largest container shipping line in the world, owning and operating over 600+ container ships and 3.4 million TEUs. In line with the continued stellar performances of...

South Africa wants a National Shipping Line – public invited to comment

Maritime
South Africa occupies the Southern-most tip of Africa with a long coastline stretching more than 3 000 km from Namibia on the Atlantic coast around the tip of Africa to Mozambique on the Indian Ocean. Despite its...

Decline in spot freight rates accelerates as carriers struggle to contain the drop

Freight Rates
The SHIFEX index, which monitors container ocean spot freight rates, showed that freight rates for 40’ containers moving from China to the port of...

Single window for EU customs created and new rules adopted for digital collaboration

Customs
Efficient customs clearance and controls are essential for the smooth flow of global trade. One of the ways in which countries are achieving this...

Financial reward for investing in low emission fuels – decarbonising shipping

Climate Change
Ships using low/net zero emission fuels would be financially rewarded for the emissions they prevent. Measure aims to ensure at least 5% of...

What to expect from Manifest 2023 in Las Vegas – view the agenda

Logistics
After months of research and planning, Manifest has officially released its agenda for the 2023 event. The best of the best in the logistics and...

Transnet strike in South Africa officially over as SATAWU calls off strike

News
SATAWU (South African Transport and Allied Workers Union) who initially rejected a wage negotiation deal reached between Transnet and majority union UNTU (United National...

Transnet concludes 3 year wage deal while South Africa counts costs of the strike

News
Transnet, the State Owned custodian of ports, rail and pipelines in South Africa concluded a 3 year wage agreement with majority labour union UNTU...

A tale of seafarer courage, resilience, and injustices they face – Captain Andrzej Lasota

Maritime
At the height of COVID-19, some 400,000 seafarers (yes close to half a million) from across the globe were stranded on ships due to...

Haulage to inland destinations to attract Inland Fuel Adjustment Factor – Maersk

Freight Rates
If you are a new customer about to sign a service contract with Maersk or an existing contract customer whose rate contract is up...

Nı́colas Henrique Marques Esperança De Souza is Young Ship Agent/Broker 2022

News
FONASBA has announced Nı́colas Henrique Marques Esperança De Souza, of Wilhelmsen Port Services in Santos, Brazil as the winner of its Young Ship Agent...

South Africa joins list of countries going through labour disputes in logistics sector

News
Workers belonging to some unions have embarked on a strike at the ports of Durban and Richards Bay in South Africa, resulting in work...

Cold chain management solutions for pharma and biologicals now available – Tive

News
Cold chain is a highly sensitive area of supply chain, which in itself is a complex system, widely used in the pharmaceutical, biological, and...

Carrier see, carrier do..?? MSC Air Cargo on its way in response to market demand

News
Flush with cash from their windfall profits and continued good prospects on their seaborne business, ocean carriers are literally flying high.. Following CMA CGM's recent...

Speaker list for Africa Trade and Customs Week Summit – Johannesburg

News
Africa Trade & Customs Week Summit, the largest customs summit in the region is set to take place from the 7th – 9th of...

Suez Canal increases tolls 10-15% – linked to massive profits by container shipping lines

Freight Rates
Dry bulk and cruise ships increase by 10% All other ships increase by 15% Increase in tolls linked to increase in freight rates The...

Indian National Logistics Policy aims to bring down logistics cost from 13-14% to single digits – PM Narendra Modi

Logistics
"We want our logistics to move at the same speed as the cheetah" - this is the word of Indian Prime Minister Narendra Modi...

All eyes on India on the eve of the launch of India’s National Logistics Policy

News
Policy to reduce the logistics cost by laying down an interdisciplinary, cross-sectoral and multi-jurisdictional framework In line with PM’s vision of achieving efficiency...

A tale of two ports – Long Beach vs Los Angeles

Information
Close on the heels of the Port of Los Angeles announcing that it is seeing a 15% drop in total volumes in August 2022...

Port of Los Angeles volumes drops in August 2022 as reduced demand manifests itself

News
After record-breaking cargo volume in 2021 and the first half of 2022, the import surge at the Port of Los Angeles slowed in August...

And here comes Peak Season Surcharge on the Trans-Atlantic

Freight Rates
Peak Season Surcharge (PSS) = a seasonal fee applied during high volume shipping periods in certain trade lanes.. This is a fixed quantum per...

Overweight Surcharge for containers more than 20 tons from Asia-Europe – CMA CGM

Information
CMA CGM, the world's 3rd largest container shipping line by TEU and Vessel capacity has announced the implementation of Overweight Surcharge (OWS) on its...
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