CMA CGM moved back into the black in the third quarter, and recorded a net profit of $49m for the nine-month period. However, in the third quarter, the French carrier was beaten to its ‘best in class’ financial performance ranking by Hapag-Lloyd which reported a stronger recovery. CMA CGM’s turnover during Q3 increased by 6.3% on the same period last year,…
The failure of the US and China to agree on trade at the weekend makes further tariffs on Chinese goods to the US seem increasingly likely. But while most economists agree that trade wars are ineffective and harmful, some players in the logistics industry are seeing opportunities – mostly in air freight, which typically benefits from chaos…
November 14, 2018 /
Remember to book your sea freight imports in time for Christmas! ? Please contact a member of our team as we have very competitive rates for this month – email [email protected] or call 02380 337778 We handle all types of cargo, including full container load (FCL), less container load (LCL) and NVOCC groupage shipments. We…
CMA CGM Group, which includes ocean carrier APL, has raised its emergency bunker surcharge (EBS) to $100 per teu for all deepsea cargo movements from 1 December. Introduced by the French carrier and a number of its peers on 1 June, in response to higher fuel prices, the controversial EBS was initially set by CMA CGM at…
Peak season is quickly coming upon the air freight industry. Forwarders are reporting limited capacity on Asia-US, with rates from Hong Kong into New York now hitting HK$36 per kg (US$4.58) on major carriers such as Cathay, Cargolux and Asiana. Los Angeles rates are marginally lower, hovering at between HK$30 and HK$35++. “The air freight market…
Heathrow has been given the green light to spend £43m on its cargo activities – but input from carriers could stretch the budget further. Head of Heathrow Cargo Nick Platts has long campaigned for a freight budget, and now has a five-point plan for the cash. But one item on his wish list – a “forecasting and…
October 17, 2018 /
Are you feeling festive yet?! Maybe not, but sea freight imports need to be organised soon to get them in time for Christmas! Time is of the essence. Please contact a member of our team as we have very competitive rates for this month – email [email protected] or call 02380 337778 We handle all types…
October 10, 2018 /
Pressure is mounting on container ports to improve efficiency in terminal operations, as wholesale change in the shipping industry continues to increase competition and drive down revenue per box. According to Mark Welles, Navis vice president and general manager Asia Pacific, terminal operators are “aggressively attacking their cost base and figuring out ways to use…
Following the footsteps of Maersk Line, the Swiss and French container shipping giants MSC and CMA CGM have unveiled their intention to introduce a new fuel adjustment surcharge ahead of the 2020 sulphur cap. Mediterranean Shipping Company plans to introduce a new Global Fuel Surcharge as of January 1, 2019. The company expects its operating costs…
As few as 1,224 UK hauliers could be eligible to transport goods to the EU if the country departs the union without a deal in place. Logistics industry representatives say a UK-EU agreement on road transport must be prioritised over a trade deal. Yesterday the UK government issued a series of technical notices outlining the situation…