WHEN YOU NEED TO BE SURE
Skip Navigation Links
Login Name :
 
Password :
 
Launch of GFLN Conference
GFLN team is overwhelmed with the response from th
Ports, Shippers Push for Freight Policy
Ports, Shippers Push for Freight Policy
Great Wall Goes China Eastern
Great Wall Goes China Eastern
Box output down 90% last year but recovery under w
Box output down 90% last year but recovery under w
Cronos takes UES Intermodal fleet
Cronos takes UES Intermodal fleet
News Details
Your solution finder
Launch of GFLN Conference
GFLN team is overwhelmed with the response from th

Since the launch of GFLN Conference Portal, we have been receiving a huge number of applications from the Freight Forwarders all over the world. The applications are being scrutinized by GFLN administration.

GFLN is an emerging network of Freight & Logistics Service Providers striving towards building relationships and bringing in technology in Freight Forwarding, Logistics and Supply Chain.

Ports, Shippers Push for Freight Policy
Ports, Shippers Push for Freight Policy
Freight transportation advocates re-emphasized the need for a dedicated national freight policy before the House Appropriations subcommittee that oversees the Department of Transportation. The hearing Tuesday was part of the committee’s consideration of the president’s 2011 budget proposal.
John Wolfe, executive director of the port of Tacoma, called for a holistic approach to freight transportation, and a “freight trust fund” that would disburse money for projects that facilitated freight movement, and be awarded through competitive grants.
Wolfe said the U.S. and state departments of transportation should work with freight stakeholders to develop a strategic plan for freight movement, with funds dedicated to freight mobility projects, and establish a multi-modal freight office within the U.S. Department of Transportation. Wolfe represented the American Association of Port Authorities.
Wayne Johnson, director of logistics for American Gypsum in Dallas, Texas, called for dedicated funds for intermodal connectors to ports and rail intermodal facilities, innovative financing options for improving freight capacity, and streamlining of environmental permits for freight projects. Johnson spoke for the National Industrial Transportation League.

Source: Journal of Commerce
Great Wall Goes China Eastern
Great Wall Goes China Eastern

Great Wall Airlines (GWL), China’s first Sino-foreign joint-venture carrier, has recently changed its controlling shareholder.
     Beijing Aerospace Satellite Applications Corporation (BASAC) has completed the transfer of its 51% stake in GWL to China Eastern Air Holding Company, the parent of China Eastern Airlines.

Source :Air Cargo News

Box output down 90% last year but recovery under w
Box output down 90% last year but recovery under w

Box output down 90% last year but recovery under way

As the container industry begins to recover from the effects of the global financial crisis, the full extent of the precipitous drop in demand for containers last year is revealed in the 2009 annual reports just released by the world’s two biggest manufacturers, China International Marine Containers (CIMC) and Singamas Container Holdings.

According to CIMC, demand for containers last year dropped to one tenth of that of a normal year, with global output falling to around 300,000 TEU. Virtually all standard dry freight container production was suspended between October 2008 and the same month of 2009, with single shift operations only resuming in the latter part of 2009 when demand rose to around 20% of pre-financial crisis levels. As a result, just 200,000 TEU of dry freight boxes were built in 2009 as a whole, down 92% on the 2008 figure.

CIMC puts industry-wide production of reefers in 2009 at 95,000 TEU, down by 57% year-on-year, and says that output of dry freight specials (including regional domestic units) dipped by 60% over the previous year.

For its part, CIMC built 60,400 TEU of standard dry freight containers last year, down by 95.10% on the 2008 figure, 30,400 reefers (down 56.03%) and 43,200 special purpose containers (down 66.53%).

Sales income from the container business in 2009 was RMB5.574B (US$816.4M), down 80.85% year-on-year, with income from dry freight containers, reefers and special purpose containers falling 93.87%, 66.05% and 51.15% respectively.

The huge decline in demand for dry freight containers also saw CIMC’s output of container flooring drop 91.33% year on year, with operating income falling 85.58%.

In the tank container sector, Nantong CIMC Tank Equipment Co, which is now controlled by CIMC Enric Holdings, saw its operating income drop 76.9% last year to RMB584M (US$85.5M).

Looking ahead, CIMC says that with economic recovery under way in the US and Europe, China’s exports will take a dramatic turn for the better in 2010. Container replacement programmes, which were postponed last year, are being resumed and with major container operators opting to introduce slow steaming and increase their vessel numbers, demand for containers in on the rise.

CIMC anticipates that global demand for dry freight containers will exceed 1.5M TEU this year, while demand for reefers and dry freight specials is also expected to pick up.

Meanwhile, Singamas’s 2009 annual report shows that the company manufactured 86,600 TEU last year, down 84.7% on the 2008 figure. Of the total, around 36,299 TEU were higher margin specialised containers and the remainder standard dry freight units.

Revenue from container manufacturing operations was US$237.4M, an 82.4% drop compared to 2008, leading to a loss before taxation and minority interests of US$66.7M compared to a pre-tax profit of US$7.3M a year earlier.

The average selling price of a 20ft dry freight container last year was around US$1,986, while standard tank containers were sold for around US$27,512, in both cases slightly lower than 2008 due to a drop in raw materials prices. With the price of Corten steel predicted to rise gradually in the coming year, Singamas anticipates that average selling prices will rise correspondingly.

Like CIMC, Singamas is anticipating a recovery in demand this year, noting that after eighteen months of global economic downturn, cargo throughput in China is rising and is expected to continue to rise as the improving global economy drives PRC exports and strong domestic consumption stimulates imports.

The rise in global trade will directly benefit the container shipping industry, which in turn will see an increase in demand for new containers, the company says.

Singamas expects the replacement rate for old containers, which has fallen over the past two years, to at least return to the normal rate of 5- 7% in 2010 and believes that business in the first half of 2010 will grow and improve steadily, establishing a momentum that should lead to a positive second half year.

The company started rehiring workers after the Chinese New Year holiday in preparation for a ramping up of production capacity as demand increases.

Source : World Cargo News

Cronos takes UES Intermodal fleet
Cronos takes UES Intermodal fleet

Cronos takes UES Intermodal fleet

In the latest round of consolidation in the container leasing industry, Cronos Ltd has take over the management of the majority of the 220,000 TEU operating lease fleet that was previously managed by Hamburg-based UES Intermodal AG.

The deal moves Cronos up three places in the leasing company rankings to seventh position with a combined owned and managed fleet of over 650,000 TEU of standard, reefer, tank and dry freight special containers....
Source : World Cargo News

Triton tests the water
Triton tests the water

Triton tests the water

China International Marine Containers (CIMC) and coatings manufacturer Valspar have teamed up to carry out the successful application of a new waterborne protective coating system on a production run of 100 x 40ft high cube containers built for Triton Container International at CIMC’s Taicang plant.

The product of five years of research and development, Valspar’s Aquaguard single component, twocoat, waterborne system is touted as an alternative to two component, three-coat, solvent-based, zinc-rich coatings predominantly in use in the container industry today....

Source : World Cargo News

    
Enter Number :
Enter :
B / L Number
Booking Number
Container Number

Apply

For

Membership




Annual

Conference

18-20 March

2011

Dubai