UK Freight Forwarders not too Happy with Budget

The trade association for UK freight forwarding companies and logistics service providers says that whilst it welcomes some of the announcements in the UK budget, it feels that the issues covered are all overshadowed by the ongoing uncertainty over the shape that the UK’s exit from the EU is going to take. Mr Robert Keen,
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Freight rates for Black Sea-Mediterranean dirty Handysize vessels — the most widely used class to carry fuel oil and feedstocks in the European basin — have started to fall after hitting multi-month highs, due to greater tonnage availability in the Black Sea, sources said. The rate was assessed Wednesday at $10.87/mt, down 57 cents from
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KOLKATA: South Eastern Railway has earned Rs 6007.17 crore during the first half of the current financial year from originating freight traffic, an SER spokesman said recently. The amount earned from April to September of 2018-19 by the SER is Rs 348.59 crore more than the corresponding period of last financial year, thus registering a
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COPENHAGEN: Maersk has unveiled an investment in a US-based digital freight broker, Loadsmart, as the company expands its footprint. Namely, the company’s launchpad for new ventures, Maersk Growth, is leading a USD 21.6 million Series A funding for Loadsmart, together with Connor Capital SB and Chromo Invest. “We see huge potential with Loadsmart. Forward integrations
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The 2018 edition of the WTO’s flagship publication, the World Trade Report, finds that digital technologies — namely the Internet of Things, artificial intelligence, 3D printing and Blockchain — will have a profound impact on global trade, adding up to 34 percentage points to trade growth by 2030 thanks to lower costs and higher productivity.
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The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometres (FTKs), rose 2.3 per cent in August 2018, compared to the same period the year before. This pace of growth was unchanged from the previous month but was less than half the five-year average
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Freight rates for VLCCs making long-haul voyages east out of the US Gulf Coast and Caribbean continued to soar Monday, jumping $1 million in just two trading sessions as tonnage availability continued to wane, with an increased number of Asian buyers looking to cover cheaper US crude cargoes. “All of the Japanese and Korean charterers
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Shanghai Containerised Freight Index (SCFI) spot rates from Asia to Northern Europe declined 6.7 per cent to $766 per TEU in the week ending Friday, reports said. Rates on the Asia-Mediterranean trade too fell 5.6 per cent to $804 per TEU, while the fall on the Asia to the US West Coast trade was 0.3
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TWILL, a digital freight for-warder designed to make ship-ping simple, has announced a change in its brand affiliation from Damco to Maersk. Launched in April 2017, Twill was created as a ‘Dam-co innovation’ and operated as a partner with the freight forwarder and supply chain management company, which is part of A. P. Moller-Maersk. The
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“JSC Russian Railways is intensively developing relations with its Japanese partners in the field of freight traffic,” noted Alexei Shilo, Director for Commercial Activities for JSC Russian Railways, at the “Russia-Japan Partnership: The Implementation of Eurasian Transit Potential” session during the Eastern Economic Forum (Vladivostok). “In May we were in Tokyo, where, with the support
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