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Global Logistics: Page 124

Market for Chemical Tankers Expected to Slow, Especially for Larger Vessels

Time charter rates in the smaller chemical tanker vessel sizes are expected to remain stable over the next two years, but rates for the larger sizes, especially medium range (MR) vessels, will decline due to the impact of falling clean petroleum products (CPP) freight rates, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.

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Trade Group to 'Name and Shame' Those Imposing 'Unjustified' Ocean Container Surcharges

The Global Shippers Forum is calling for container shipping surcharges to be eliminated by 2020.

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Davies Turner Expands U.K.-Poland Services, European Network

Davies Turner, a U.K.-based freight forwarder, is upgrading its two-way overland trailer services between the U.K. and Poland, through the inclusion of Bristol and Manchester hubs in its direct service network.

Damco Adds Three Locations to Hub-in-Transit Program

Third-party logistics services provider Damco has expanded its Hub-in-Transit program with the addition of hubs in the United Arab Emirates, Malaysia and Morocco.

Handheld Group Issues New Rugged Android Device

Handheld Group, a manufacturer of rugged mobile computers, has developed the new Nautiz X2 handheld device.

Federal Funds for U.S. Port Security Said Going to Non-Port Entities

Dozens of port authorities and marine terminals received port security grants this summer from the Federal Emergency Management Agency (FEMA), but millions of dollars from the $100m program went to local law enforcement agencies and other non-port entities.

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Container Seaports Viewed More as Mature in Value Than as Growth Sector

Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports industry towards a value sector from growth sector, albeit still highly profitable, according to the Global Container Terminal Operators Annual Review and Forecast 2016 report published by global shipping consultancy Drewry.

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LNG Shipping Industry Expected to Need More Vessels

Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more vessels than listed on the current orderbook, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.

AA Cargo Expands Services in Ireland, New Zealand

American Airlines Cargo has expanded its seasonal cargo service to and from Ireland.

Pact to 'Significantly' Increase Air Cargo Shipments Between U.S., Mexico

The United States and Mexico exchanged diplomatic notes to bring into force the new Air Transport Agreement, which the U.S. Department of Transportation anticipates will "significantly increase future trade and travel" between the two countries.

CaroTrans Adds Second Weekly Service Between Milan, New York

CaroTrans, a global non-vessel operating common carrier and ocean freight consolidator, has added a second direct, weekly less-than-containerload (LCL) service between Milan and New York.

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Ocean Piracy at Lowest Level Since 1995, Observers Report

Pirate attacks on shipping in the first half of 2016 are at the lowest level since 1995, even taking the recent spate of kidnappings in the Gulf of Guinea and the Sulu Sea into account, says the IMB Piracy Reporting Centre.

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