Freight Shipping News
SHIPPING INDUSTRY NEWS - 07th Nov 2012
Container shipping terminals at the port of New York-New Jersey are gradually re-opening after the damage wreaked by Superstorm Sandy, having been closed since midnight on 28 October
The Port Elizabeth Terminal re-opened Monday 5 th Nov with the arrival of vessels at the Maher and APM terminals, the port authority (PANYNJ) said.
The Port Newark Container Terminal and the Global Terminal will re-open for business today with ship arrivals expected at both facilities by this evening, it added.
FreightWatch International has warned shippers, manufacturers and transport companies to be extra-vigilant in the run-up to the holiday season, after US$1.75 million-worth of consumer electronics was stolen from an airport cargo facility in Brazil last week
On Tuesday, a group of five armed men made their way into the TAM Cargo warehouse in the Viracopos International Airport in São Paulo after subduing and locking up eight security guards in a room. Brazil has recorded several multi-million dollar losses this year due to "warehouse invasions", according to FreightWatch, which provides logistics security services across the globe.
More capacity needs to be trimmed and alliances expanded if the Asia-Europe and Asia-Mediterranean trades are to be returned to some kind of health
That was the message from Fadi Issa, MD of CMA CGM in Turkey, at this week's 5th Annual Med Freight conference.
In a keynote address, the executive stressed that capacity was the "big issue" and that nine of the 17 carriers engaged in the trade had all expanded their slot offerings in the past 12 months (up to September 2012).
He added: "And the capacity reductions planned for October and November of this year will not be sufficient to restore rates."
The European Commission has officially objected to the €5.2 billion merger between UPS and TNT Express
A Statement of Objection (SO), was received by the US and Dutch logistics groups late last week. The operators said they had been expecting such a move by the EC, following a statement in the summer by Joaquín Almunia, the EC Competition Commissioner that the merger would be subjected to an extra stage of review, over concerns that the tie-up would unbalance competition in the international express small package market in Europe.
The port of Liverpool is close to securing the licences it needs to go ahead with one of the biggest investments in its history, bringing much-needed jobs to the area as early as January
Costing £300 million, and promising 5,000 new jobs at the facility and in the supply chain, a new in-river container port, known as Liverpool 2, is due to be built by 2015. It will add an annual 500,000teu to the port of Liverpool, taking its capacity toward two million teu.
Customs officers at the port of Antwerp last week seized more than eight tonnes of cocaine - a record haul of drugs in Belgium and the Netherlands, and reportedly the second biggest-ever in Europe
The drugs were hidden in a container transporting bananas from Ecuador and had an estimated street value of €500 million, according to the public prosecutor's office in Antwerp.
The cocaine was in almost 7,000 packs, each weighing just over one kg, and destined for the Dutch market. Following the discovery of the drugs, the Belgian authorities decided to leave part of the load in the container, allowing it to leave the port by truck and reach its final destination in the Netherlands. The truck was placed under surveillance as soon as it entered Dutch territory.
It was tracked to an industrial park on the outskirts of Rotterdam where police arrested the truck's driver, a 46-year-old Belgian national, and four Dutch nationals who were unloading the container.