Police Guard LNG Ports as Germany Fast-tracks Critical Infrastructure Law
Germany has ordered police to guard LNG terminals under construction and increased aerial supervision of its rail network as it prepares a law to bolster the protection of critical infrastructure, its interior minister told Reuters.Suspected sabotage on the German rail network and on the Baltic Sea gas pipelines linking Germany and Russia in recent weeks have raised concerns about the country's exposure to attacks.Minister Nancy Faeser said in an interview it was not possible to comprehensively protect all of the more than 33…
Higher Rates for Smaller Vessels Lift Baltic Dry Index
The Baltic Exchange's main sea freight index rose on Thursday as an uptick in rates for smaller panamax and supramax vessels offset weakness in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 5 points, or 0.24%, at 2,118 points, snapping two sessions of losses.The capesize index fell for the third straight session, losing 66 points, or 2.4%, to 2,653 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down by $553 at $21,999.Dalian and Singapore ir
Intermodal Freight Market to Grow 7.5%
Global intermodal freight transportation Industry is estimated to grow at a CAGR of 7.5% from 2018 to 2025 to reach USD 72.51 Billion.Last year (2018), the intermodal freight transportation Industry was valued at USD 43.70 Billion, said a report from the Global Reports Store. Intermodal Freight transportation consist two modes of freight including rail and truck which is used in applications such as containerization of freight and passenger transportation.The intermodal process usually begins with a container moved by a truck to a rail, then back to a truck to complete the process.There are about more than 50 million containers moved in United States…
Cargo Shipping Market to Grow at 3.45% to 2023
Global Cargo Shipping Market is expected to grow around 3.45% CAGR during the period 2017 to 2023, says a report by Market Research Future. In recent years, Global Cargo Shipping Market has advanced rather productively. While, increasing number of countries forging of free trade agreements like ASEAN Free Trade Area (AFTA), Trans-Pacific Strategic Economic Partnership (TPSEP) and North American Free Trade Agreement (NAFTA) will boost the growth of cargo shipping market further. In addition, the market is gaining momentum with initiatives such as the One Belt, One Road, as well as the expanded Panama Canal and Suez Canal are expected to positively affect the seaborne trade by generating business opportunities. The key players of the Global Cargo Shipping Market are A.P.
Hurricane-Strength Winds Batter European Ports, Traffic
Hurricane-force winds lashed parts of northern Europe on Tuesday, including Germany and the Netherlands, causing flights to be cancelled, snarling some train services and hitting port traffic. The Dutch meteorological office issued a code red warning for the low-lying country's northern and coastal provinces, as gusts of up to 120 kilometres (75 miles) an hour battered the Netherlands. A spokesman for Amsterdam's Schiphol airport, Europe's fourth largest, said 80 flights had been cancelled because the wind had reduced runway capacity. It warned that delays would mount as flight volumes rose later in the day. At Rotterdam, Europe's largest port, two container terminals were closed, with ships forced to queue out at sea.
DB Schenker, Maersk Line to Cut CO2 Emissions
DB Schenker Logistics and Maersk Line have signed a six-year strategic agreement on reducing CO2 emissions from ocean freight. The partnership emphasizes the companies' shared commitment to sustainable growth, says a press release by DB Schenker. Maersk Line will undertake to reduce the CO2 emissions of every container it ships on behalf of DB Schenker Logistics between now and 2020 by 20% compared to 2014 levels. "This is the first agreement between a global logistics services provider and a container shipping company," says Dr. Karl-Friedrich Rausch, Chief Sustainability Officer of Deutsche Bahn AG and Management Board Member for Transportation and Logistics at DB Mobility Logistics AG. "Maersk Line is an important partner for us.
DHL Expects Immunity in Price Fixing Investigation
Deutsche Post expects its DHL forwarding business to be granted immunity from prosecution and fines by Singapore antitrust authorities, who are investigating 11 companies for alleged price fixing, the German logistics company said. The Competition Commission of Singapore (CCS) said this month it was investigating 11 freight forwarding companies, including Deutsche Post unit DHL Global Forwarding, for alleged price-fixing of air freight forwarding services. Deutsche Post told Reuters last week that the probe related to pricing and surcharges in the forwarding industry from 2002 to 2007. Forwarders buy cargo space from airlines, shippers and truckers and bundle shipments for customers, such as carmakers, high-tech firms and agriculture firms.
Ramsauer Gives Assurance of Rapid Aid
Infrastructural bottlenecks in port hinterland traffic are becoming increasingly acute, irrespective of the mode of transport, and are fuelling growing alarm among all the players involved. Such was the universal feeling at the parliamentary evening in Berlin organized by Port of Hamburg Marketing and attended by Peter Ramsauer, Germany’s Minister of Transport, and around 150 high-ranking representatives of the world of politics, business and trade associations. For currently compelling reasons…
