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You are here: Home » News » 19 June 2017

Air Charter Service sales up 24%, profit by 20% in 3 mo 19 June 2017

Air Charter Service (ACS) has posted a 24% year-on-year increase in revenue in the three months to the end of April.

ACS chief executive Justin Bowman said, "We had a significant increase in terms of turnover and profit - both more than 20% up on the same time last year across our 20 offices.”

"The company's accounts are published in sterling, so lik...

HK containers continue to reverse slide, up 13% to 1.85 19 June 2017

The Port of Hong Kong increased container throughput 13.4% year on year to 1.85 million Twenty Foot Equivalent Unit (TEU) in May.

Kwai Tsing terminals experience a 14.3% increase to 1.48 million TEU, reversing a downward trend that has dogged the port for since 2015.

Other terminals saw throughput rise 9.7% to 370,000 TEU in May. Year-to-date, Hong Kong enjoyed a 12.3% ...

Asia-Europe rate falls 5.9% to USD 880 TEU, off 10.3% t 19 June 2017

According to the Shanghai Containerised Freight Index (SCFI), SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday declined 5.9% to USD 880 per Twenty Foot Equivalent Unit (TEU) from USD 933 per TEU.

Asia-Mediterranean trade slipped 3% to USD 877 per TEU.

Asia to the US west coast dropped 10.3% week-over-week to USD 1,146 per FEU whi...

Milaha enhances India-Qatar feeder service 19 June 2017

Milaha has announced the enhancement of its existing feeder service between Jawaharlal Nehru Port Trust (JNPT), India’s busiest container gateway, and Hamad Port, Qatar.

The new weekly service, named the India-Qatar Express (IQX), will connect the ports of JNPT and Mundra to Hamad Port, and will accept local and transshipment cargo from all Indian ports, South-East Asia and ...

Gujarat Pipavav Port bullish on car exports 19 June 2017

A top company official has said, Gujarat Pipavav Port Limited (GPPL) plans to double its roll-on roll-off (RoRo) business over the next two years on the back of strong car exports from India.

A RoRo is a vessel with built-in or shore-based ramps that allow four-wheeled cargo like cars, to be rolled on and off the vessel, when it is in port.

Managing Director Keld Peders...

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