Worldwide Logistics Group has announced that effective July 4, 2018 they have opened a subsidiary under the name UK WWL Ltd. UK WWL will serve as a full service branch in the Worldwide Logistics network with coverage of the entire British Isles. With it’s office in Basildon, Essex activity will be managed by Mr. Anthony John. Mr. John will report to Mr. Thomas Peacock, Worldwide Logistics Director of Supply Chain based at their global headquarters in Paramus, NJ. UK WWL will focus on traditional air and ocean forwarding, project and exhibition forwarding and Amazon FBA programs. Worldwide Logistics Ltd. President/CEO Joseph Monaghan said, “opening our London branch is the first in a series of new office openings aimed at strengthening our network and complimenting our existing activities in other company owned locations including China, Vietnam, India, and the USA. Methodical expansion of our network in response to client demand will continue to be our strategy over the next several years.”
Labor Strike Planned in India
Dockworkers are planning to strike at India’s busiest ports on August 18, 2017, protesting the Major Ports Authority Bill 2016. The ports targeted include Kolkata, Paradip, Visakhapatnam, Chennai, Tuticorin, Cochin, New Mangalore, Mumbai, Jawaharlal Nehru Port Trust, Kandla and Marmugao. This may cause operational delays.
Panama Canal New Discounts
The Panama Canal will be implementing poll discounts in October to ships making a return trip through the canal within 28 days. These discounts are a tactic to attract customers and compete with their competitor, the Suez Canal. The canal will implement incentives such as frequent customers will receive premium prices once a particular TEU volume is reached. To read more, click here.
Chinese Company Will Supply Cranes to Chabahar
Chittagong Floating Terminal
A proposition for a floating terminal at Chittagong terminal has been approved by the Bangladesh government as a form of relief for the ongoing Chittagong congestion. The Port of Chittagong has experienced serious congestion over the last few months as a result to weather issues and other issues, which has led to considerable delays for all vessels. The floating terminal will act as a “cargo hub” for import and export shipments that will be transferred between larger container ships and feeder vessels.
Shanghai Titled as Busiest Port in the World in 2016
For the 7th year in the row, Shanghai has been named as the busiest container port in the world. Shanghai handed over 30 million TEUs, 37.13 million to be exact. Over the past year, Shanghai’s operations have been booming in revenue and traffic.
|This week’s articles:
17th –Marine Day (Japan)
|COSCO to Buy OOCL
Last week, COSCO Shipping Holdings offered to buy Orient Overseas Container Line (OOCL) for $6.3 billion, marking a new chapter in the industry’s ongoing carrier consolidation. Pending regulatory approval, the entity would have more than 400 vessels with capacity exceeding 2.9 million TEUs (Twenty-Foot Equivalent Units). Click here to read more.
Record Summer Projected for Imports
According to the latest Global Port Tracker report, container imports at major U.S. retail gateways are expected to reach record highs this summer. Import volumes at ports measured by the Global Port Tracker are expected to expand 5.1 percent in July and 2.2 percent in August. Click here to read more.
Shipment Delays Due to Fires in British Columbia
The Canadian province of British Columbia is currently under a state of emergency due to wildfires. Please note that shipments transiting western Canada could be delayed because of the fires. Click here to read more
Idle Vessel Fleet Shrinks
According to Drewry Shipping Consultants, the idle containership fleet has decreased from 1.7 TEUs (Twenty-Foot Equivalent Units) in November of 2016 to 474,000 TEUs in June of 2017. Drewry attributed the Hanjin Shipping fallout as a key reason for the decline. Many units that were idled in the aftermath of the Hanjin bankruptcy have since been scrapped or picked up by new owners and operators.
Long Beach Records Second-Best June
During the month of June, the Port of Long Beach handled 658,727 TEUs (Twenty-Foot Equivalent Units), making it the port’s second-best June in history. For the quarter, the port stated that total cargo throughput increased more than eight percent.
Air Freight Surges at London Heathrow
Air cargo traffic at London Heathrow soared 13.4 percent year-over-year during the month of June. As Europe’s fourth-largest air cargo hub, it handled 142,349 tons. North America remained as Heathrow’s top market with volumes up 15.8 percent compared to 2016. Click here to read more.