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Global air freight demand up 9.8 percent

Global air freight demand ended 2016 with strong December growth of 9.8 percent, the International Air Transport Association (IATA) said on Wednesday but warned that protectionist measures could hamper world trade. “In terms of demand, 2016 was a good year for air cargo. That was boosted by solid year-end performance. Looking ahead, strong export orders […]

Saudi Arabia Robust Growth in Freight

The global market of logistics & warehousing services in Saudi Arabia has shown a robust growth over the past few years owing to the increasing globalization and expanding retail & FMCG market. Also, the rising e-tail market worldwide has also positively impacted the market size of logistics industry. The companies operating in e-commerce sector requires […]

Alibaba CEO Jack Ma eyes Pakistan for investment?

Chairman of Alibaba Group, Jack Ma met with Pakistani Prime Minister (PM) Nawaz Sharif on Wednesday and expressed deep interest in investment in Pakistan. The meeting came on the sidelines of the World Economic Forum in Davos, Switzerland. Jack Ma said that the conglomerate was monitoring Pakistan’s economic growth and e-commerce sector. Jack Ma said […]

UK LOSING MILLIONS IN VAT

UK losing millions in VAT from non-EU sellers on Amazon and eBay Both firms say they have no obligation to police VAT compliance by sellers as Brussels warns of huge rise in goods shipped with value under-declared The UK is expected to lose tens of millions of pounds in VAT avoidance and evasion this Christmas […]

PHTHALATE IN IMPORTED TOYS?

Parents are being warned to be on their guard against counterfeit toys this Christmas after tests revealed some contained harmful levels of chemicals. The fake Maleficent Disney figures, seized by trading standards officers, are the latest in a long line of counterfeit products found to contain high quantities of phthalates. Meanwhile, a report published this […]

JAPANESE SHIPPING LINES TO MERGE

Three of Japan’s largest shipping companies have announced that they plan to merge their container shipping and overseas terminal operations as the industry struggles with overcapacity and mounting losses. The statement from Mitsui OSK Lines, Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha, says they are forming a joint venture to unite their container shipping […]

EU, US And China Meet On Maritime Transport Issues

BEIJING (Alliance News) – The EU on Thursday said representatives from the maritime regulatory authorities of the EU, the People’s Republic of China and the US met in Brussels to discuss antitrust and regulatory issues in maritime transport. The delegates confirmed their renewed intention to cooperate on these matters. Hosted by the European Commission’s Directorate-General […]

Largest cargo ever transported across 600km in Iraq

ALE has transported two LPG storage tanks 600km from Umm Qasr Port to Badra Oil Field in Iraq – the largest cargo that has ever been transported this distance in Iraq. The global heavy-lifting specialists were contracted by Samsung Engineering and Construction Limited (SECL) to transport two LPG storage tanks measuring 50m long and weighing […]

Asia-Europe to take hit as Cosco places mega ship order

After months of rumours, there is increasing confirmation that the major Chinese shipping group Cosco is planning to add mega-ships to it container carrier fleet. Cosco has reportedly ordered nine 20,000-teu ships, with an option for four additional vessels of the same size, according to several news media. The container ships will be built at […]

The Port of Felixstowe reveals expansion plan

The Port of Felixstowe has announced plans for expansion that include doubling port capacity to accommodate the world’s largest vessels by 2030. The UK’s largest port, owned by Hutchison Ports UK, awarded the lead contract to expand its berthage to the Volker Stevin and Boskalis Westminster (VSBW) consortium. The extension will increase the combined lengths […]