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Felixstowe intermodal upgrade gets go-ahead — October 18, 2017

Felixstowe intermodal upgrade gets go-ahead

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

LONDON, Oct 18 (FAM) – The UK government has approved the latest enhancements to the Port of Felixstowe’s rail connections, a move that one freight customer described as a “huge milestone”, that will increase the top UK container port’s intermodal connections with the English Midlands and Northwest by around 50%.

The £60.4 million scheme, jointly funded by Network Rail and Hutchison Ports, will allow up to 47 freight trains to run per day in each direction between Ipswich and Felixstowe, an increase of around 50% compared with the current capacity. Sources at the port told Lloyd’s Loading List that the current capacity had more or less already been reached and that the upgrade to the Felixstowe-Ipswich branch line would provide enough capacity for growth for some years. Recent increases have been possible only through increasing the lengths of the trains.

 

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‘Impact on forwarders minimal’ of AMS freighter flight cuts —

‘Impact on forwarders minimal’ of AMS freighter flight cuts

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

AMSTERDAM, Oct 18 (FAM) – Major European freight forwarders such as Panalpina and Kuehne + Nagel (K+N) expect only a minor impact to customers from the anticipated reduction in the number of freighter flights operating at Amsterdam Schiphol when airlines’ winter schedules are introduced at the end of this month.

Panalpina’s global head of air freight, Lucas Kuehner, told Lloyd’s Loading List that if cargo had to be moved through alternative gateways, lead times could increase. “But overall, the impact for us and the companies that ship with us will be minor. We will keep an eye on lead times and also take adequate steps to maintain security.”

 

China’s container traffic grows 11% in Sept —

China’s container traffic grows 11% in Sept

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

BEIJING, Oct 18 (FAM) – Ports in China processed a total of 20.643 million TEUs of containers in September, which surged 11.1% year on year, according to the nation’s Ministry of Transport (MOT). Coastal and inland river ports both registered double-digit improvements in throughput, which went up 10.5% to 18.285 million TEUS and up 16.5% to 2.358 million TEUs.

In the nine months from January to September, 156.181 million TEUs were imported to and exported from China in total, which grew 8.8% from a year earlier. In breakdown, coastal ports were responsible for 138.47 million TEUs, which hiked 7.9%, while the balance of 17.712 million TEUs were handled at inland river ports, which soared 16.5%.

 

Hong Kong container volume up 7.5% in September —

Hong Kong container volume up 7.5% in September

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

HONG KONG, Oct 18 (FAM) – Hong Kong’s container volume surged 7.5 per cent in September to 1.84 million TEU compared to 1.71 million TEU in the same month last year, according to statistics from the Hong Kong Maritime and Port Board.

Most of Hong Kong’s volume is from the container terminals at Kwai Tsing that handled 1.43 million boxes in September, an increase of 12.4 per cent over the same month last year. However, boxes handled by the other terminals in Hong Kong dipped 6.5 per cent to 410,000 TEU compared to 430,000 TEU in September, 2016.
 

Warehouse giant GLP issues 1b yuan worth of panda bonds —

Warehouse giant GLP issues 1b yuan worth of panda bonds

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

SINGAPORE, Oct 18 (FAM) – Global Logistic Properties Ltd, the Singapore-based logistics giant, said it has issued 1 billion yuan worth of bonds on China’s interbank market with the proceeds to be used to repay existing debt and raise funds for its China business.

“The issuance is consistent with our policy to naturally hedge by financing operations in local currency and diversifying our sources of funding,” said Teresa Zhuge, co-president of GLP China. The so-called panda bonds have a five-year tenure and carry an annual coupon of 4.99 per cent.

 

Transport and logistics has a vital role in digital platforms — October 17, 2017

Transport and logistics has a vital role in digital platforms

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

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Air France KLM

LONDON, Oct 17 (FAM) – Transport and logistics is one constant that remains in business in this age of the digital facilitator, senior vice president of Silk Way Group, Wolfgang Meier, told delegates at the Caspian Air Cargo Summit in Baku.

According to Meier air cargo companies were not victims of the new business models springing up. “This is the age of digital platforms, but the connector between all these systems is, and will remain, transport and logistics,” Meier was quoted as saying in a report by London’s Loadstar.

Meier acknowledged that the air cargo industry was changing and said carriers needed to consider four points in running their business: velocity, volatility, complexity and ambiguity. “It is also a more volatile world,” he said, “with harder-to-predict air freight cycles, and inconsistent peaks seasons further complicated by having more partners around the table.”

Looming sea freight overcapacity ‘set to affect rates’ —

Looming sea freight overcapacity ‘set to affect rates’

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

LONDON, Oct 17 (FAM) – Shipping lines are failing to remove enough slot capacity on key trades now the Q3 peak season surge in demand is fading, according to SeaIntel.

said the traditional Q4 culling of deployed capacity relative to the peak season had not so far happened. “2017-Q4 is currently slated for massive overcapacity,” it concluded, adding that the amount of capacity that would need to be removed varied hugely by trade based on current Q4 schedules.

 

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