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Tag Archives: Freight

Qatar’s sea freight set for growth around 36% this year: report

AMMAN: Tonnage throughput through Doha Port has been forecast to grow by 36% this year and average 24.5% until 2019, BMI Research has said in a report. Air freight tonnes at Hamad International Airport may grow by 4% this year and average 4.7% until 2019, BMI Research said. But freight trade, BMI said may decline 1.7% this year in view ... Read More »

Asia-Europe sea freight rates fall in Q1 of 2015

COPENHAGEN: The Shanghai Shipping Exchange (SSE) has released new figures that show the spot rates on the significant Asia-Europe trade, which includes the Middle East, took yet another dive this week, this time US $58 to US $284 per teu. According to the analyst agency Clarksons Platou, this puts the rate uncomfortably close to the actual cost of bunker of ... Read More »

Rate for shipments to Mediterranean discharge ports up 50% to $1,003 per teu

Shipping lines are making some progress this week in improving their dismal voyage results, with spot freights ex-Far East to Europe and the Mediterranean nudging up today, according to the Shanghai Containerised Freight Index (SCFI). The freight barometer posted a 151% increase USD861 per teu in the average spot rate for liftings out of Shanghai to Northwest European main ports. ... Read More »

Poland’s PKP transports 7.5m tonnes of cargo in February

WARSAW:  A Poland freight company PKP cargo said that firm transported 7.5 million tons of cargo, which translated into over 3 pps market share growth to 49.2%. In a statement PKP said that growth rose in the share of cargo transported in February to 49.2% from 45.9% in January. “Recovery in coal transports and increase in the volume of transported aggregate ... Read More »

Quick decision making heats up Hungary’s hauliers at port

BUDAPEST: It may sound straightforward, but to the hauliers contracted to shift millions of tons of freight on Hungary’s busy motorways, the law, published in its final form on December 31, one day before it took effect, is a bureaucratic, costly nightmare, with serious implications for business. Before Hungary’s general election last April, Viktor Orban, the prime minister, began to ... Read More »

Philippines Customs blacklists 43 freight forwarders over complaints

MANILA:  Philippines Customs the Department of Trade and Industry (DTI) announced that it has blacklisted 43 freight forwarders over complaints from shippers and consignees for non-delivery of balikbayan boxes. Customs Commissioner John P. Sevilla (middle), Trade Undersecretary Victorio Dimagiba (left) and BOC Division Chief Athena Dans inspect balikbayan boxes that are awaiting clearance and release at the Manila International Container ... Read More »

Rs123b, 63 locomotives, 3,065 wagons needed to upgrade Pakistan Railways

ISLAMABAD: Federal Minister Khawaja Saad Rafique has said that after swapping oil of power generation plants with coal, the total infrastructure of Pakistan Railways (PR) will also need to be upgraded to transport coal to these plants and this rehabilitation of infrastructure upgradation will cost Rs123 billion rupees and minimum three year span of time. During a cabinet meeting, he said ... Read More »

Ambitious targets: KPRA collection increased by 300pc

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) is committed to executing the provincial government directives for broaden the base of sales tax on services in the province as the authority has already registered a 300 percent increase in the collection of Sales Tax on service in the last financial year. It is to be noted that the KPRA has been ... Read More »

ACAAP, PIFFA and PSAA to sign MoU to establish joint database

KARACHI: The three associations of service providers including Air Cargo Agents Association of Pakistan (ACAAP), Pakistan International Freight Forwarders Association (PIFFA) and Pakistan Ship’s Agents Association (PSAA) have decided to sign a Memorandum of Understanding (MoU) in order to establish a joint database in which the defaulters of freight payment would be identified. The MoU signing ceremony is to be ... Read More »

Charges of freight, shipping companies must be regulated: KCCI President

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Aamir Abdullah Zaki has urged the government to take on board the business community and other stakeholders to evolve a consensus for tax reforms and collection. “Look, the business community, being a key stakeholder, wants to sit down and discuss tax reforms with the government to develop a foolproof tax collection ... Read More »