The reported value of secondhand sales activity totalled US$26.1 billion, up 26 per cent y-o-y. There was interest in the larger sizes and the average size of ship sold reached a record level, London-based market research firm said. Activity at the larger end of the oil tanker sector was particularly strong and 2014 saw a firm increase in the volume of containership tonnage sold year-on-year. “A total of 1,320 vessels of 51.0m GT were reported sold market in 2014, a record in terms … [Read more...] about Record tonnage volume changed hands in 2014
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EU port volumes set to slip
European container ports are unlikely to be able to maintain the strong growth rates of the past three decades, Fitch Ratings says. Combined with the trend for ever-larger ships making fewer unloading stops, this makes risks highest for small- and medium-sized ports. These could be drawn into a price war in times of falling volumes, or could miss out on cargo even if they invest to accommodate larger ships. These risks are already factored in to our ratings in the sector. Since 1985 European … [Read more...] about EU port volumes set to slip
OECD: Int’l freight to quadruple by 2050
The Organization for Economic Co-operation and Development (OECD) said in its ITF Transport Outlook that in the face of shifting global trade patterns, international freight transport volumes will grow more than fourfold (factor 4.3) by 2050. The ITF International Transport Forum is an inter-governmental organisation within the OECD. The ITF Transport Outlook examines the development of global transport volumes and related CO2 emissions and health impacts through to 2050. The report said … [Read more...] about OECD: Int’l freight to quadruple by 2050
OECD: Int'l freight to quadruple by 2050
The Organization for Economic Co-operation and Development (OECD) said in its ITF Transport Outlook that in the face of shifting global trade patterns, international freight transport volumes will grow more than fourfold (factor 4.3) by 2050. The ITF International Transport Forum is an inter-governmental organisation within the OECD. The ITF Transport Outlook examines the development of global transport volumes and related CO2 emissions and health impacts through to 2050. The report said … [Read more...] about OECD: Int'l freight to quadruple by 2050
Challenges and opportunities in air cargo
Moderating the session, Glyn Hughes, global head of cargo at the International Air Transport Association (IATA) kicked off the discussion by noting that at the TIACA forum a couple of months earlier it was mentioned by one industry analyst that the rise of 3D printing could impact air cargo by as much as 20 per cent once it fully develops. Jim Edgar, regional director, market analysis at Boeing Commercial Airplanes, highlighted that while the manufacturer has invested heavily in 3D printing … [Read more...] about Challenges and opportunities in air cargo
200 ACC3 certs expire without incident: IATA
The original ACC3 deadline was 1 July 2014, which saw nearly 1,100 independent validations conducted with about 120 IATA members holding designations for their various stations. The remaining 120 or so IATA members are either not flying cargo to Europe or they’re flying cargo from socalled ‘green-list’ countries who have no ACC3 requirement. For carriers unable to complete the validation process of third country supply chains and facilities in time for the 1 July 2014 … [Read more...] about 200 ACC3 certs expire without incident: IATA
