The International Air Transport Association has awarded its Center of Excellence for Independent Validators certificate for pharmaceutical operations in Paris and Amsterdam to Air France KLM Martinair Cargo.
On the back of low bunker prices and more newbuildings to be delivered in 2016, chemical shipping freight rates for both contracts of affreightment and spot cargoes will be under pressure throughout 2016, as there are some new operators looking to break into the long-haul trade routes, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.
Import cargo volume at the nation's major retail container ports is expected to decline year-over-year for the next few months, but the first half of the year should still amount to a 4.5-percent increase compared with the same period last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
CBX Software, a provider of sourcing-management applications to the retail industry, has joined with SGS, the global inspection, testing and verification body, to provide an integrated sourcing, quality, compliance and supply-chain service.
Emerging markets have driven growth for many multinational corporations (MNCs) for years, and they will continue to do so. But these are turbulent times as commodity prices plunge, currencies are devalued, and equity markets gyrate. The profitability of many MNCs' operations is already under attack, and future performance will be challenged by slower macroeconomic growth, increasing costs, and heightened competition from local companies, which are rapidly gaining scale, experience, and capability. To reduce these pressures, companies will have to focus much more on improving their competitiveness through constant productivity gains.
The International Air Transport Association released its air freight market analysis for December 2015, showing a slight (0.8 percent) year-over-year increase in worldwide cargo traffic (in freight tonne kilometers flown). This 0.8-percent overall gain was the result of a 0.7-percent decrease in international traffic and a 1.4-percent increase in domestic traffic.
LNG shipping earnings will remain under pressure in 2016 as accelerating fleet growth and changing trade patterns will weaken supply-demand conditions, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.