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Ocean Transportation: Page 196

World's Airlines Expected to Order More Than 29,000 Passenger, Cargo Planes by 2032

Airbus SAS, the European maker of commercial aircraft, predicted airlines will buy planes valued at $4.4tr in the next two decades, driven by demand in India and China and global growth among low-fare airlines.

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History Made as Vessel Becomes First Bulk Carrier to Transit Northwest Passage from Canada to Finland

For the first time ever, a bulk carrier is using the Northwest Passage as a transit trade lane, when transporting coal from Vancouver in Canada to Finland. The historic transit is shorter than traditional shipping routes and will not only save time, fuel and CO2, but also increase the load of cargo with 25 percent compared to the Panama Canal. Nordic Bulk Carriers A/S, the Danish pioneer, is once again behind the new business adventure.

Perishable Refrigerated Trade Increases Worldwide

Worldwide perishable reefer trade increased by 52.1 million tonnes between 2002 and 2012, which represents a combined annual growth rate of 3.6 percent, according to Drewry's latest Reefer Shipping Market Annual Review and Forecast. Seaborne perishable reefer cargo has increased by a CAGR of 3.3 percent (25.6 million tonnes) from 66.8 million tonnes in 2002 to 92.4 million tonnes in 2012.

CaroTrans Launches Weekly NVO Service From Houston to Rio

CaroTrans, a global non-vessel operating common carrier and ocean freight consolidator, has launched a direct weekly export service, handling both less-than-containerload (LCL) and full-containerload (FCL) cargoes, from Houston to Rio de Janeiro, Brazil.

Oil Prices, Syrian Crisis Cause Airline Profits Forecast for 2013 to Be Revised Down

The International Air Transport Association (IATA) revised its 2013 global industry outlook downwards to $11.7bn on revenues of $708bn. Airline performance continued to improve in the second quarter, but at a slower pace than was expected with the previous projection (in June) of $12.7bn. This reflects the impact on demand of the oil price spike associated with the Syrian crisis and disappointing growth in several key emerging markets.

U.S. Imports for July and August Indicate Busier Holiday Shopping

U.S. imports in August are the second-highest month for twenty-foot container volume in 2013, according to Zepol, a trade intelligence company. The United States imported nearly 1.61 million TEUs in August, which is 5% less than July's 1.69 million, but a half a percentage higher than August of last year.

Gulftainer Growth Expected to Be Robust Through 2013

Sharjah-based Gulftainer is expected to record a volume increase of 30 percent in 2013. The group is continuing to expand its global footprint, with the June takeover of the Gulf Stevedoring Contracting Company (GSCCO) in Saudi Arabia acting as the major driver.

Scandinavian Shipping & Logistics Changes Name to Greencarrier

Scandinavian Shipping & Logistics AS has changed its name to Greencarrier Shipping & Logistics AS.

Biden Urges U.S. Ports to Prepare for Traffic Generated by Larger Panama Canal

All of the ports on the East Coast "have to get in the game," Vice President Joe Biden said recently, and get ready to accept larger cargo ships that will come through an expanded Panama Canal by 2015.

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XPO Logistics Wraps Up Acquisition of 3PD Holding

XPO Logistics Inc. has completed its acquisition of 3PD Holdings, Inc. XPO is a provider of transportation and logistics services in North America, offering freight brokerage, last-mile logistics, expedited transportation and freight forwarding.

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October Likely to See Rise in Cancellations of Container Vessel Sailings, Report Says

After a strong start in the first quarter, container volumes in the trans-Atlantic trade have declined, and average vessel utilization has dropped sharply, eroding freight rates. As a result, container lines are likely to start canceling vessel sailings in October, according to Drewry.

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Singapore Focuses on Long-Term Logistics Needs

The long-term infrastructure developments unveiled by Singapore Prime Minister Lee Hsien Loong at a recent National Day Rally include plans to expand Changi Airport and relocate the country's seaport.

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