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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The 65th AGM of Bombay Overseas Freight Brokers Association (BOFBA) was held on October 4, 2018 at Hotel Krishna Palace in Mumbai. It saw participation from all the members of BOFBA. The AGM was followed by a trade get-together later in the evening. The AGM was presided over by the BOFBA Managing Committee, which comprises
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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 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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The British International Freight Association (BIFA), the trade association for UK freight forwarding and logistics companies, has described the container shipping industry’s recent imposition of a ‘sulphur surcharge’ as unjustified and blatant profiteering. It follows an announcement by Danish giant A.P. Moller-Maersk that it is introducing a new bunker adjustment factor (BAF) surcharge on January
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The British International Freight Association (BIFA), the trade association for UK freight forwarding and logistics companies, has described the container shipping industry’s recent imposition of a ‘sulphur surcharge’ as unjustified and blatant profiteering. It follows an announcement by Danish giant AP Moller Maersk that it is introducing a new bunker adjustment factor (BAF) surcharge on
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Targeting a cargo capacity of 1 lakh tonnes every month by 2022 on the back of the growth in the domestic e-commerce market, SpiceJet earlier this week launched SpiceXpress, its dedicated freight service. SpiceJet plans to ship apparel, consumer electronics, pharmaceutical products, live animals, among other items, inside a modified Boeing 737-700 aircraft starting later
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