Without a doubt, living life on the edge of China’s mainland has its advantages, but it is not without its with challenges too. Growing capabilities of China’s logistics infrastructure and airports, shifting production locations, growing costs in Hong Kong and delays in getting a third runway at HKIA all stoke the eternal question of Hong Kong’s future as a logistics hub. And of course, losing your biggest customer and with it some 1.3 million tonnes of cargo handling business … [Read more...] about Hactl’s strategic focus keeps it flying high
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Record tonnage volume changed hands in 2014
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 of GT. … [Read more...] about Record tonnage volume changed hands in 2014
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 that … [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 that … [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 as … [Read more...] about Challenges and opportunities in air cargo
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