Friday, November 28 ,2003 Lloyd Triestino, CMA CGM to launch new China-Black Sea service LLOYD Triestino and CMA CGM are to launch a new service linking China and the Black Sea in December. The China-Black Sea (CBS) service will employ seven 2,300 TEU vessels and have a port rotation of Ningbo, Shanghai, Xiamen, Chiwan, Port Kelang, Colombo, Port Said, Piraeus, Istanbul, Constanza, Odessa, Ilichevsk, Damietta, Port Kelang and Ningbo. The…

Thursday, November 27 ,2003 Transocean looking to grow logistics business TRANSOCEAN Holdings Bhd is looking to foreign investors or partners to help it grow its logistics business in Malaysia. At present, the firm provides ad-hoc services in the Klang Valley, but plans to expand its logistics business there next year. “To tap the Klang Valley market, we will have to provide regular logistics services,” said Transocean’s executive director Thong Yow…

Wednesday, November 26 ,2003 Third-party logistics will cut inventory costs: CLM EXCESSIVE inventories have resulted in higher logistics costs to companies worldwide, according to the Council for Logistics Management (CLM), a global body of logistics professionals with over 15,000 members. It said that even though this is good news for the logistics industry, it feels that even a one per cent reduction in overall logistics costs by companies could result…

Monday, November 24 ,2003 Singapore sees growth in throughput THE total amount of cargo handled at the port of Singapore in September was 28,622,800 tonnes, up from 26,665,700 tonnes during the same month in 2002. According to preliminary figures from the city’s Port and Maritime Authority for the year to September, cargo handled totalled 256,579,800 tonnes, up from 251,553,200 tonnes over the corresponding period last year. Ports of Auckland see…

Saturday, November 22 ,2003 Tianjin’s throughput up 25 per cent in first 10 months TIANJIN Port handled 7.7814 million tons of foreign trade cargo in October, of which imports accounted for 3.4414 million tons, and exports 4.34 million tons. Over the first 10 months, total throughput for the port was 136.2788 million tons, up 25.6 per cent year-on-year. Of the total, foreign trade accounted for 73.481 million tons which included…

Friday, November 21 ,2003 HMM opts for Shanghai as Chinese HQ HYUNDAI Merchant Marine (HMM) has chosen Shanghai to be its Chinese head office. HMM initially set up four representative offices in China in 1993 and, after experiencing 10 years of rapid development, it expanded to five branch offices and ten representative offices. J I Noh, president of HMM, said: “China is on course to become the world’s logistics hub,…

Thursday, November 20 ,2003 Expert urges transporters to adopt loss prevention discipline A LEADING trade expert and consultant has warned transport operators that profits could be slashed if more care is not taken over the transportation of perishable goods. David Heather, a consultant to specialist liability insurer, TT Club, outlined his views at a recent transport and logistics conference in Rotterdam. “If claims and losses are not kept under control…

Wednesday, November 19 ,2003 Good times return for Asian cargo lines AFTER years of balance sheets that were out at sea, Asian container lines are making a welcome return to profit. Companies are being aided in their comebacks by a pickup in the global economy and a trade boom in China, which continues to help fill vessels and bottom lines. The return to profitability has been seen in the stock…

Tuesday, November 18 ,2003 Indian railways on right track this year INDIA’S Ministry of Railways has reported the country’s rail networks transported 311.29 million tonnes (MT) of revenue earning freight during the first seven months of the current financial year ending October, exceeding the target of 303.84 MT. This was 20.41 MT higher than the corresponding period last year when 290.88 MT of revenue freight was carried. The freight target…

Monday, November 17 ,2003 Bigger, better, faster for TNWA New York express THE New World Alliance (TNWA) of APL, Hyundai Merchant Marine (HMM) and MOL is to deploy larger, faster vessels on its fixed-day, weekly, all-water, New York Express (NYX) service, which was launched earlier this year. The fleet expansion will increase capacity on TNWA’s NYX service, as well as shorten transit times between key destinations in Asia, Panama, and…

Saturday, November 15 ,2003 New vessel added to Straits ports trades GENIKI Lines is adding a new vessel to the containerised service for the Straits port of Pasir Gudang and east Malaysian ports. The deployment of the 250 TEU new building, Geniki Johor, will lift the quality of service in the trade, the company said. Geniki Lines is deploying three vessels to serve the trades. Twice weekly sailings to Kuchhing…

Friday, November 14 ,2003 Synergy Shipping launches Batam service SYNERGY Shipping Pte Ltd, formed in 2001, has started its own liner service to and from the Indonesian port of Batam, with the maiden voyage on October 10 of its first fully owned barge, Synergy 1801. The international project forwarding company has services that include: liner service, ship broking and chartering, shipping agency. A large percentage of the company’s business is…

Thursday, November 13 ,2003 Growth in Asia, Americas boosts APL Logistics quarterly earnings APL Logistics, the logistics arm of Singapore’s Neptune Orient Lines (NOL), has reported third quarter earnings of US$2 million, compared with zero earnings for the same period in 2002. NOL said there was strong growth in its logistics business in Asia, while in the Americas warehousing and transportation management was the driver. In Europe, earnings were driven…

Monday, November 10 ,2003 Expeditors profits climb GLOBAL logistics company Expeditors International said its third quarter profits increased 6 per cent to US$32.5 million. Quarterly net revenues were up 11 per cent to $196.8 million from $177.8 million in the third quarter of last year. Total revenue from operations in six continents, was $711.5 million, up 15 per cent from $620.4 million a year earlier. While revenue from ocean freight…

Saturday, November 08 ,2003 Tanjung Pelepas installs advanced box handling system MALAYSIA’s Port of Tanjung Pelepas, located southwest of Johor, has installed an autosteering and container verification system on all of its rubber-tyred gantry cranes. The port said 67 gantry cranes are being fitted with the Smartrail system built by Kalmar Industries. Mohammad Sidik Osman, the port’s chief executive, said: “The port presently handles the world’s largest container vessels, but…