Cwt News

Logistics software company WiseTech Global has announced its acquisition of Singaporean supply chain tracking and management software firm Containerchain.Based in Singapore, Containerchain provides optimization services such as real-time tracking, operational planning and automation to logistics communities in Europe, the US and the Asia-Pacific region.Containerchain serves the container community of empty container depots, road transporters, container terminals, warehouses, shipping lines and cargo owners. Its customers include Qube Holdings, CMA CGM, ACFS Port Logistics, Arrow Transport and Logistics, Chalmers, DP World Logistics Australia…

More than 41,000 solar panels will generate sustainable energy in the Port of Amsterdam for logistics services provider CWT. Spread across five locations, the panels will together form the largest solar project in Amsterdam.In addition to transport and sea shipping operations, CWT is active in the Port of Amsterdam in fields including storage of cocoa and coffee. In order to carry out these activities in a sustainable manner, CWT has opted to use the roofs of its buildings to generate solar power. A combined total of 41,114 solar panels will generate more than 11,000,000 kWh of green electricity.In order to realise maximum yields from the roof surface, it has been decided to use extra powerful 300 watt peak solar panels.

Virginia-based stevedoring and shipping terminal operator T. Parker Host on Friday said it had hired all the staff from CWT Commodities' U.S. team as part of its drive into metals logistics and warehousing. The team of under ten people has joined Host to form Host Logistics, LLC, based in New York, to run warehousing and stevedoring operations. CWT Commodities USA is a unit of Singaporean logistics firm CWT Ltd. Anton Posner, former president of CWT Commodities USA, will be executive vice president, while Margo Brock, vice president at CWT, will be senior vice president, Host said in a statement. CWT Commodities USA was set up almost seven years ago as part of CWT's expansion of its London Metal Exchange warehousing and logistics business.

Aiming to help accommodate unseasonably high demand, the Panama Canal Authority (ACP) announced it has taken a number of steps to expedite traffic and decrease Canal Waters Time (CWT).   The ACP has postponed noncritical maintenance work, modified bookings and assigned additional operations personnel. As a result, the canal has made steady progress, according to ACP.   ACP said current wait times for transiting ships have been reduced and now stands at four days or less. Moreover, the number of ships awaiting transit has been cut by 40 percent from its recent high in October.

Cummins Inc. opened a global logistics hub in Singapore yesterday, one of the company's eight master distribution centers for parts and filters globally. The Singapore Global Logistics Hub boasts a total investment of $5.4 million and is part of the company’s efforts to enhance its aftermarket product delivery globally. The new location will serve markets including the United States, Europe, China, India as well as customers across the Northeast and Southeast Asia regions. Teo Ser Luck, Minister of State for Trade and Industry, graced the opening event at the CWT Pandan Logistics Center. The Singapore Global Logistics Hub is a consolidation of operations from three distribution centers in Singapore.

Chicago Mercantile Exchange live cattle futures will likely edge upward on Monday on short-covering and last weekend's West Coast labor dispute agreement, traders said. Cargo loading and unloading resumed full operations on Saturday after shipping companies and union dock workers reached a tentative deal late on Friday. It could take several weeks to clear the backlog, which includes meat, an analyst said. Still, investors should view the news as bullish, which may help neutralize two mildly bearish U.S. Department of Agriculture reports last Friday, he said. Friday's USDA cold storage report showed weak demand on the U.S. West and East Coasts boosted pork and beef stocks to their highest levels in years. A separate government report showed the number of cattle placed in U.S.

Shaken by a fraud investigation into metal financing in the world's seventh-busiest port, banks and trading houses have been made painfully aware of the risks they face storing commodities in China's sprawling warehouse sector. The probe at Qingdao port centres around a private metals trading firm suspected of duplicating warehouse certificates in order to use a metal cargo multiple times to raise financing. Some banks have asked clients to shift metal, used as collateral for loans, to more regulated London Metal Exchange (LME) warehouses outside China or those owned and operated by a single warehouse firm to limit their exposure. "The banks still haven't looked under the hood," said an executive at a bank involved in commodity financing in China, referring to China's warehousing sector.

G2 Crew Services, the recently formed JV between Griffin and GAC, has announced  the appointment of Gary Pearce as CEO with effect from August 5. Previously Senior Vice President Global Energy Services for Carlson Wagonlit Travel (CWT), Gary Pearce led the team responsible for CWT’s strong growth and high levels of customer satisfaction within the Offshore and Energy sector. “Whether their origins are in crew or corporate travel, the offshore industry is served by companies limited to providing point-to-point air travel” said Gary Pearce.

Griffin Americas, a division of Griffin Global Group, a  marine and offshore travel specialist, has announced  the appointment of Judy “J.P.” Peplinski as Chief Executive Officer. J.P. will assume this position for all of North and South America operations for Griffin Global Group. This new appointment will take effect on February 4th, 2013. The role has been created following Bob Westendarp's decision to step back from his full time role as President and Chief Executive Officer after 22 years with the Company.

The Panama Canal set a mark in its history as it reached a new tonnage record of 333.7 million Panama Canal tons (PC/UMS) during fiscal year 2012 which concluded on September 30. This achievement highlights the value of Panama and its significance as a link in the chain of global trade. "This milestone attests to the reliable and continuous service offered by the Canal, which is supported by a workforce of 10,000 men and women. The Panama Canal works tirelessly to provide its customers with first-rate service…

The Panama Canal Authority (ACP) released first quarter (Q1) operational metrics for fiscal year 2010. In Q1, Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal (including waiting time for passage) significantly decreased. There also were increases in total transits and net tonnage. These metrics are based on operations from October through December 2009, the first quarter of the ACP's 2010 fiscal year, and are compared with Q1 of fiscal year 2009. CWT decreased 27.5 percent – to 20.29 hours from 27.97 hours. CWT for booked vessels, those ships holding reservations, also experienced a decrease of 20.7 percent – to 13.43 hours from 16.94 hours. Total Canal transits increased two percent – to 3,590 transits from 3,520.

The Panama Canal Authority (ACP) announced its operational metrics for the 2009 fiscal year (FY 2009). Most importantly, Canal Waters Time (CWT), the average time it takes a vessel to navigate the Canal, including waiting time, significantly decreased. Fiscal year 2009 (October 2008 – September 2009) statistics show a slight decline in total transits and tonnage compared to FY 2008. In addition, the Canal experienced growth in some principal segments, most notably, general cargo, dry bulk, and tanker transits. In FY 2009, CWT decreased 26.9 percent – from 31.55 to 23.06 hours. For booked vessels (those ships holding reservations), CWT declined 16.1 percent – from 18.52 in FY 2008 to 15.54 hours this year.

The Panama Canal Authority (ACP) released third quarter (Q3) operational metrics for fiscal year 2009. In Q3, Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal, including waiting time for passage, decreased significantly. Additionally, total transits and net tonnage decreased slightly. These metrics are based on operations from April through June 2009, the third quarter of the ACP's 2009 fiscal year, and are compared with Q3 of fiscal year 2008. Average CWT decreased 47.9 percent – to 19.96 hours from 38.31 hours. CWT for booked vessels (those ships holding reservations) decreased 26.5 percent – to 14.53 hours from 19.77 hours. In Transit Time (ITT) also decreased 26.6 percent – to 9.55 hours from 13.02 hours.

The Panama Canal Authority (ACP) released second quarter (Q2) operational metrics for fiscal year 2009. In Q2, Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal, including waiting time for passage, decreased significantly, while total transits and net tonnage remained nearly flat. These metrics are based on operations from January through March 2009, the second quarter of the ACP's 2009 fiscal year, and are compared with Q2 of fiscal year 2008. Average CWT decreased 27.9 percent – to 26.22 hours from 36.39 hours. CWT for booked vessels (those ships holding reservations) decreased 19.5 percent – to 15.83 hours from 19.66 hours. The drop in CWT can be attributed to the ACP’s efficient operations and a slight decline in transits.

The Panama Canal Authority (ACP) released fourth quarter (Q4) operational metrics for fiscal year (FY) 2008. These metrics are based on operations from July through September 2008, the fourth quarter of the ACP's 2008 fiscal year and are compared with Q4 of FY 2007. In Q4 of FY 2008, tonnage decreased minimally, but tanker and passenger transits and tonnage jumped significantly. During Q4 of FY 2008, Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal (including waiting time for passage), decreased nearly 10 percent to 26.73 hours from 29.61 hours in Q4 of FY 2007.

The Panama Canal Authority (ACP) announced its operational metrics for the 2008 fiscal year (FY 08). Year-end (October 2007 – September 2008) statistics reveal a marginal decline in total transits and tonnage when compared to FY 07. However, the Canal also experienced growth in core segments, most notably tanker and passenger transits. transits remained fairly constant, with a slight decline of 0.1 percent – from 14,721 to 14,702 transits. Booked transits (excluding auctioned slots) increased 3.9 percent – from 7,857 to 8,167 transits.

Total Canal transits decreased 2 percent during Q2 – from 4,053 to 3,971 transits. Panama Canal/Universal Measurement System (PC/UMS) tonnage also dropped 2.6 percent – from 80.4 million PC/UMS tons to 78.4 million PC/UMS tons. Passenger transits increased 34.8 percent – from 92 to 124 transits – while dry bulk transits rose 6.7 percent, from 586 to 625 transits and dry bulk cargo tonnage increased 10.4 percent, from 12.3 to 13.5 million PC/UMS tons. The number of containers, vehicle carriers, tankers and general cargo dropped when compared to figures for FY 2007. Refrigerated cargo transits slightly decreased, by 1.4 percent, but refrigerated cargo tonnage increased 1.1 percent – from 5.6 million PC/UMS tons to 5.7 million PC/UMS tons.

On July 3, 2003, a record 24 Panamax-sized vessels transited the Panama Canal. Nearly one million tons of cargo were transported through the Canal. Never before has the Canal broken two significant records in the same day. Recent Canal improvements and operational efficiencies have reduced Canal Waters Time (CWT), particularly important to transiting Panamax vessels and enhancing reliability. Over the past several months, the ACP has seen a significant rise in Panamax traffic. The previous Panamax record was 21 vessels in one day, set December 2, 2002; the previous tonnage record was 929,915 PC/UMS tons, set November 14, 2002. Panamax vessels, with beams more than 100 feet, were specifically engineered to navigate the Panama Canal.

The Panama Canal Authority (ACP) announced today that its Board of Directors and Canal Advisory Board convened for its annual fall meeting, September 11-12, in Copenhagen, Denmark, to discuss the Canal's current state of affairs and future projections. Highlighting the meetings were briefings on port developments in the East Coast of the United States and China, capacity issues and the international maritime industry. The Boards discussed the progress and results of projects within the permanent modernization program - many of which have increased capacity, reduced Canal Waters Time (CWT) and enhanced reliability. The ACP was congratulated by the Advisory Board for its early completion of the widening of the Gaillard Cut…

The Panama Canal Authority (ACP) today announced 2003 fiscal year metrics, ending in September. These metrics indicate that the ACP's recent operational and capital improvements continue to yield positive results, with the Canal safer and more efficient than it has ever been in its 89-year history. Year-end statistics reveal an increase in tonnage flow through the Canal and a reduction in Canal Waters Time (CWT), the average time it takes a vessel to navigate the Canal including waiting time for passage. Furthermore, safety has improved on the waterway, with a significant decline in accidents in 2003, compared with those registered in 2002 and 2001.

March 16 was a great day for the Panama Canal Authority (ACP) as a new significant record was set. More than one million (1,005,551) Panama Canal/Universal Measurement System (PC/UMS) tons of cargo were transported through the Canal. This new record breaks the recent July 3, 2003 figure of a recorded 934,488 PC/UMS tons of cargo. Contributing to the tonnage were the Canal traffic of seven container vessels, 11 dry bulk carriers, four vehicle carriers and three cruise ships. Of the seven container vessels, five were 900 feet long. And, of the cruise ships, one ship was 900 feet long and another measured 800 feet. In addition, total Canal revenue, generated from tolls, exceeded three and one half million dollars - totaling $3,563,490.55.

On March 16 the Panama Canal Authority (ACP) set a new significant record. were transported through the Canal. recorded 934,488 PC/UMS tons of cargo. four vehicle carriers and three cruise ships. long. And, of the cruise ships, one ship was 900 feet long and another measured 800 feet. totaling $3,563,490.55. "We are very pleased with the new record we have set," said ACP Administrator Alberto Alemán Zubieta. goods to market from Asia to the U.S. East Coast and vice-versa," Alemán added. increased capacity. tugboats and the deepening of Gatun Lake.

The Panama Canal Authority (ACP) announced today second quarter (Q2) operational metrics for fiscal year 2004. Q2 data reveals an increase in tonnage flow and a rise in Panamax vessel (the maximum size vessel that can pass through the Canal) transits. Moreover, there was a notable increase in Canal revenue. These metrics are based on operations from January through March of 2004, the second quarter of the ACP's 2004 fiscal year. Panama Canal/Universal Measurement System (PC/UMS) tonnage increased this quarter by 7.8 percent - to 68,188,071 PC/UMS tons compared with 63,268,516 PC/UMS tons reported in Q2 FY2003. A record set on March 16, 2004, of more than one million (1,005,551) net PC/UMS tons transited through the Canal in one day helped to bolster these numbers.