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Freight Transport

EU authorizes Flemish Financial Support

The European Commission has decided not to raise any objections to the Flemish authorities' plan to provide financial support for the construction of loading and unloading facilities along the Flemish inland waterways in Belgium The Flemish Region in Belgium will put into effect a five year aid scheme aiming at making inland waterways more accessible and developing their use for freight transport. The scheme will provide financial support for the construction of loading and unloading facilities along Flemish inland waterways through Public-Private-Partnerships. The public authority will contribute to the costs related to the infrastructure whereas the private partner will make all other necessary investments and develop new or additional transport tonnage on inland waterways. In no case the public support will be more than 50 percent of the overall construction costs. About 25 projects should receive public grants yearly. The Commission has decided not to raise any objections to the scheme. The envisaged measures are compatible with competition rules and the smooth functioning of the internal market. Inland waterway transport terminals require considerable investments in infrastructure (quays, road connections, dredging etc.). Public co-financing will encourage investment in this segment of the transport market


Izar And Rolls-Royce Plan High Speed Cargo Vessel

Spanish shipbuilder and designer IZAR and Rolls-Royce announced plans for a new European High Speed Cargo Vessel which is intended to be a cost-effective short-sea shipping alternative to road transport in Europe. The monohull EHSCV is powered by two Rolls-Royce MT30 gas turbines and Rolls-Royce Kamewa waterjets. The baseline design enables 124 trailers to be carried at a service speed of 37 knots and is intended to be economically competitive with road transport on routes above 300 nautical


Study Evaluates U.S. Maritime Policies

The Maritime Administration has issued a new study that evaluates the adequacy of current U.S. maritime policy to meet the commercial, economic, security and environmental needs of the nation over the next three decades. The report titled, ìAn Evaluation of Maritime Policy in Meeting the Commercial and Security Needs of the United States,î was researched and prepared by IHS Global Insight, Inc., of Lexington, Mass.


Call for Proposals: TEN-T Program

Yesterday, the European Commission launched three Calls for Proposals under the Trans-European Transport Network (TEN-T) multi-annual program, making €180 million (nearly $258 million) available to finance European transport infrastructure projects in the fields of European Rail Traffic Management Systems (ERTMS), Motorways of the Sea (MoS) and River Information Services (RIS). This will help to make travel and transport by rail and water more safe and secure as well as more attractive


Ingram Barge to Participate in EPA’s SmartWay

Ingram Barge Company announced its participation in the new Barge Freight component of the SmartWay Transport Partnership, a public-private partnership between the U.S. Government’s Environmental Protection Agency (EPA) and the country’s leading private industry freight carriers and freight users aimed at reducing carbon, oxides of nitrogen and particulate matter emissions. Ingram has been involved with the EPA in helping to develop


Automated RTG System Order For Konecranes From Indonesian CT Operator

Konecranes Automated RTG System

Konecranes has signed an agreement to deliver an Automated RTG (ARTG) system to Indonesian state-owned terminal operator PT Pelabuhan Indonesia III (Persero), (“Pelindo III”). This will be the world’s first commercially operational Automated RTG system. The order comprises 11 ARTG cranes, Remote Operating Stations (ROSs) and container yard automation infrastructure such as intelligent container stack gates. Delivery is scheduled for 2015


Panamax Rates Expected to Improve

Panamax freight rates are expected to improve this week, although the Baltic Panamax Index rose just one point to 1,626 on March 12. Shipbrokers said Panamax freight rate movement for voyage charters has been tentatively positive recently, and while some timecharter rates have been marginally negative compared with previously done levels, the Panamax sector seems to be stabilizing ahead of an upward move. The only cause for concern was the decline in the Capesize sector


Hapag-Lloyd's Loss Widens

Hapag Lloyd containership web.jpg

Company says freight rates remain under pressure; blames tough competition, weak U.S. dollar. Pins hopes on G6 alliance, container merger with CSAV. German shipping company Hapag-Lloyd's first-quarter loss widened as its revenue declined, hit by tough competition which depressed freight rates and a weak dollar. Shipping groups have been struggling through the worst slump on record, as they grapple with low freight rates caused by overcapacity and a weak global economy.


Asia-N.Europe Container Freight Rates Jump 21%

Photo: Maersk

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 21 percent to $1,455 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the first time rates on the world's busiest route rose since July 4, when they jumped 28 percent. Container freight rates have so far increased in 10 weeks this year but fallen in 21 weeks.


Transpacific Box Shippers Plan Freight Rate Rise

Photo: Maersk Line

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.6 percent from the current level.   The Transpacific Stabilization Agreement (TSA) said the planned increase was part of an ongoing effort by members to reverse a decline in spot rates in the Asia-U.S. freight market.  


New Bridge Over Port of Malmö Gets EU Support

Photo courtesy of EU

The EU's TEN-T Program will co-finance with over $1.24 million preparatory studies for the construction of a rail and road bridge over the Port of Malmö in Sweden. The new bridge will help to improve the cargo transfer at the port and improve the national rail capacity.


Maersk: Rate Hike Under Pressure on Low Demand

Image: file photo

Container shipping firm Maersk Line said a fresh attempt made on Monday to raise freight rates on main routes from ports in Asia to those in northern Europe was already under pressure due to weak demand from shippers. Maersk Line, a unit of Danish conglomerate A.P


Transpacific Container Shippers Plan Price Rise

File photo: containership at dock.

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.6 percent from the current level. The Transpacific Stabilization Agreement (TSA) said the planned


The Economic Impact of Inland Waterway Investment

NWF_148936_2014_EconomicStudy_PowerPoint-12.jpg

A recently released study entitled INLAND NAVIGATION IN THE UNITED STATES evaluates the economic impacts and the potential effects of infrastructure investment on our economy. The comprehensive, 98-page document was prepared by the University of Kentucky and the University of Tennessee in November


Freight Rate Peak Forecasted for 2016

Newport Shipping Group Chairman Harald Lone said, “Synchronized world economic growth is going to initiate higher demand for dry bulk carriers.”

The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the year is set for adjustment, with Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight rate peak in the 2016/2017 period.


China Pledges Mergers, Private Investment in Shipping Industry Reform

China has issued further guidance to support and modernize its shipping industry, saying it would encourage mergers and private investment as well as develop its cruise industry. The world's biggest trading nation is focusing on the shipping industry as it grows more assertive over territorial


Contamination: Primary Cause of Tank Container Claims

Causes of Claims involving Tank Containers: By Volume (2006 – 2014)

Freight transport insurer TT Club reveals detailed results of its claims survey highlighting tank container incidents: contamination accounts for nearly half with damage to tanks adding another third Speaking at the Asia Tank Container Organization’s General Meeting in Shanghai yesterday


Asia-Europe Box Rates Drop 10 pct

File Photo: containership at dock

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 10.4 percent to $1,175 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.


Asia-Europe Box Rates Drop Almost 21 pct

File Photo: containership underway.

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 20.5 percent to $934 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


CaroTrans Assures Seamless Transport on US West Coast

CaroTrans Logo

  CaroTrans, a leading global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, today announces their U.S. West Coast port readiness program to address potential supply chain disruptions. Congestion and current labor issues are impacting the flow of cargo at U.S


CEVA is SuperGroup's Freight Manager

SuperGroup is a distinctive branded UK fashion retailer

  CEVA Logistics, one of the world’s leading supply chain management companies, has been awarded a long term contract to provide freight management services to SuperGroup, owner of famous fashion brands including SuperDry. The contract award followed a competitive tendering process


Lynden to Provide Barge Service for Tulsequah Mine Project

Lynden Logistics, LLC signed a letter of intent with Chieftain Metals Corp. to provide barge services in support of the construction and production of the Tulsequah Mine in British Columbia. The services will include the barging of materials and supplies up the Taku River to the mine site and


Massive LNG Absorber Shipped to Malaysia

Steel supports fix the 1480 ton absorber safely on the 48 axle lines of SCHEUERLE SPMT

Successful transport of 1,480t absorber for biggest LNG plant worldwide in Malaysia.   1,480 tons and a high center of gravity made the transport of an absorber from the Malysian Bintulu port to the Petronas LNG production site a challenging task


Asia-Europe Container Freight Rates Fell 2.7 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 2.7 percent to $719 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.


Austrian Port of Linz to Grow with EU Support

EU's TEN-T Program will support with over $1,043,000 development studies for the port of Linz. The project aims to increase the port's capacity to receive larger inland water, rail and road transport flows.   The Port of Linz, located in Austria's third largest city






 
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