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Think Tank
Global Logistics: Page 113
Dachser Opens Three Southeast Asian Offices to Handle Logistics Demand
Citing a rising demand for logistics across the Southeast Asia region, Dachser USA Air & Sea Logistics has announced new offices in Vietnam, Hong Kong and India. Dachser USA, a U.S.-based subsidiary of Germany's Dachser SE, said the new locations have been set up in Hanoi, the New Territories of Hong Kong and Mumbai.
Container Shipping Market Is Unpredictable, But Prices Are Climbing, Xeneta Reports
An in-depth analysis of Q3 container shipping costs revealed positive trends for the container carrier segment, according to Xeneta, a market intelligence company for containerized ocean freight. However, the market remains unpredictable, with the 'Hanjin Effect' ebbing away, Xeneta says.
South Korean Government to Fund Shipbuilding
South Korea's finance minister has announced the government plans to support orders of 250 or more vessels by 2020 to help local shipbuilders. The government plans to establish a state-backed ship financing company with an initial capital of 1 trillion won ($871.73m) to help improve the financial health of Korean shipping companies.
Stifel Logistics Confidence Index Reaches 13 Consecutive Months of Negative Outlook
The Stifel Logistics Confidence Index - which measure logistics industry outlook - remained below the neutral mark in October at 49.4, but once more noted a slight improvement against the previous month, according to global logistics researcher Transport Intelligence. In a sign that the bankruptcy of Hanjin Shipping has had little overall effect upon the container shipping industry, the October Sea Freight Confidence Index remained unchanged from September, at 49.0 points.
UPS 747-8F Order May Resuscitate Boeing's Program
Just when the industry thought the sun might be setting on Boeing's workhorse jet, the aviation giant announced a firm order for fourteen 747-8Fs, plus options for up to 14 more, from express giant UPS. The announcement is being seen as a possible game-changer for the jumbo freighter, which, until last week, had only had enough orders in the pipeline to continue production through 2019, according to estimates.
Jettainer, Lufthansa Developing 'Digital' Containers to Increase Transparency
Logistics company Jettainer and IT specialists at Lufthansa Industry Solutions are working to develop a digital container that can "measure temperature changes, shocks and other external factors independently and provide information about its state," according to the Lufthansa Group. Jettainer is a wholly owned subsidiary of Lufthansa Cargo AG.
Offshore Downturn Is Impacting Sea Time, Mariners Warn
The current downturn in the offshore industry has put offshore supply vessels into layup, operators into receivership and shipbuilders into a tailspin, industry professionals say. It has meant layoffs for thousands of mariners, but it's also having an impact on officers in a different way: a shortage of sea time.
Evergreen Line Enhances Asia-Australia Network
In hopes of offering shippers a more comprehensive service on Asia-Australia trade, Evergreen Line has announced a new joint North East Asia-Australia Express (NEAX) service. The Taiwanese container transportation and shipping company is teaming up with Orient Overseas Container Line, Mitsui O.S.K. Lines, "K" Line and YangMing Marine Transport Corp.
Hanjin to Halt E.U. Routes, Operations This Month
Hanjin Shipping's European routes services have completely halted, the company said last week, and a Seoul court overseeing its receivership process has approved winding down four of its European units.
Walmart and JD.com Are Launching Three E-commerce Initiatives in China
Three months after entering into a partnership to expand online shopping options for Chinese consumers, Walmart and JD.com have announced three new ways for customers to access Walmart products from around the world. The efforts, which are part of the original strategy announced in June, are officially launching during the run up to Singles Day on November 11. They aim to improve logistics and supply chain functions, cross-border e-commerce and online-to-offline e-commerce services for consumers across the country, the companies say.
Airline Earnings Reports Point to Uncertain Growth Trajectory in U.S. Cargo
Of the three major American carriers to publish third-quarter results so far, only Alaska Airlines Cargo saw its cargo revenues increase, up 3 percent, year-over-year, to $31m - a fraction of its growing passenger revenue, according to earnings reports. Meanwhile, United registered a 4.7 percent decline in revenues, y-o-y, to $224m and, as previously reported, Delta continued its losing streak into the quarter, with revenues falling 15 percent, y-o-y, to $167m.
Russia Adds Deepwater Port to 15-Year Transport Strategy
A new deepwater port is planned for Arkhangelsk in the north of European Russia, according to Northern Shipping Company Arkhangelsk, a Russian shipping company. The new deepwater hub will be suitable for year-round handling of large capacity vessels and will be situated 55 kilometers (34 miles) north from Arkhangelsk near Mudyug Island, in the northern part of the Sukhoye Morje Bay, says NSC Arkhangelsk.
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