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Ministry of Shipping waives waterways usage charges to promote Inland water transport

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Ministry of Shipping waives waterways usage charges to promote Inland water transport. Image: piqsels
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Ministry of Shipping has decided to waive waterway usage charges with immediate effect considering the Government of India’s vision to promote inland waterways as a supplementary, eco-friendly and cheaper mode of transport. The charges are waived initially for three years.

Union Minister of State for Shipping Shri Mansukh Mandaviya said that currently only 2% of total cargo traffic moves through waterways. Decision of waiving waterway charges will attract the industries to use the national waterways for their logistical needs. As the mode of transport is eco-friendly and cheaper, it will not only reduce the burden on other transport modes but also promote the ease of doing business the Minister added.

Water usage charge was applicable on use of all the national waterways by vessels. It was a hindrance in administration of traffic movement and collection of traffic data. Presently, Inland Waterways Authority of India levies the waterway usage charges at a rate of Rs 0.02 per gross registered tonnage per kilometer for plying of Inland cargo vessels and Rs. 0.05 per gross registered tonnage per kilometer for plying of Cruise vessels on national waterways.

The decision is estimated to increase the inland waterway traffic movement to 110 MMT in 2022-23 from 72 MMTin 2019-20. It will benefit the economic activities and development in the region.

Container Terminal

Eco-friendly intermodal solution connects Spain, UK and Ireland

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Eco-friendly intermodal solution connects Spain, UK and Ireland. Image: APM Terminals
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Together with Containerships (CMA-CGM group), APM Terminals Gijon has formed an eco-friendly logistic chain connecting major Spanish cities to the UK and Ireland. The solution uses block trains, LNG vessels and bio-fuel trucks for unbeatable eco-friendly credentials.

Block trains connect APM Terminals Gijon with Seville, Murcia, Valencia, Barcelona, Zaragoza, Madrid and Burgos up to twice a week. Scheduled to arrive at APM Terminals Gijon in time for a Friday departure, the vessel will arrive in Liverpool, UK on Monday and Dublin, Ireland on Tuesday. The service is suitable for all types of containerized cargo, including hazardous cargo.

Located on Spain’s northern coast, APM Terminals Gijon is ideally placed for the UK. “In addition to the clear environmental benefits offered by this service, customers can also cut the time to UK and Irish markets from Spain, compared to shipments made from other Spanish ports,” says Terminal Manager, Miguel Ruiz.

Each block train has a 52 TEU capacity and the potential to remove up to 26 trucks from the road. As well as reducing traffic congestion, the diesel locomotives used for this block train service are, according to statistics published by the Association of American Railroads, estimated to be three to four times more fuel efficient than diesel trucks and lower greenhouse gas emissions by up to 75% compared to trucks.

APM Terminals Gijon is equipped with a 450m on dock track for fast and efficient loading and a separate rail yard with two 350m tracks for optimum flexibility. In the future, the service has the capacity to scale up to a daily service for the cities currently served.

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Intermodal Transport

DP World to acquire majority stake in South Korea’s Unico Logistics Co. Ltd

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DP World to acquire majority stake in South Korea's Unico Logistics Co. Ltd. Image: DP World
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DP World, the Dubai- based provider of worldwide smart end-to-end supply chain logistics, has agreed to acquire a 60 per cent shareholding in UNICO Logistics Co. Ltd.
The transaction, subject to regulatory clearances, is expected to close in Q4 2020, and represents another strategic step in DP World’s vision to build an integrated suite of service offerings that will connect directly with end-customers and beneficial cargo owners to remove inefficiencies in the supply chain and accelerate trade growth.

Established in 2002 by H.J. Park and headquartered in South Korea, UNICO has a global footprint of 25 subsidiaries in 20 countries and is one of the largest independent NVOCC in South Korea. UNICO is a multimodal transport specialist with strong market position in the fast-growing transcontinental rail freight market between East-Asia and Central-Asia and Russia, in particular on the strategically important Trans-Siberian Railway and Trans China Railway.

The acquisition is in line with DP World’s global strategy to grow as a smart supply chain solutions provider and will provide a platform to drive synergies between UNICO and DP World operations in the Asia Pacific and European regions, while also continuing the expansion of logistics capabilities within DP World’s portfolio. In addition, UNICO’s expertise in handling automotive logistics is aligned with DP World’s strategic focus on this sector.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: “DP World’s vision is to become the leading end-to-end supply chain solutions provider. By integrating Unico into our worldwide network we will be able to offer better service to our customers in South Korea and beyond. These new services further strengthen our logistics capabilities, which we are combining with our maritime services operations and our worldwide network of ports and terminals.”

H.J. Park, President and CEO, UNICO Logistics Co. Ltd., said: “UNICO has delivered significant growth over the years and we are proud of our success but we believe this partnership with DP World will allow us to take the business to the next stage of its growth. Being part of DP World will allow us to develop further from the Group’s deep relationship with end-customers and wide global network. We look forward to a prosperous future together.”

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Container Terminal

PJSC TransContainer is on a growth trajectory

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PJSC TransContainer is on a growth trajectory. Image: TransContainer
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In spite of the recession in economy caused by the pandemic restrictions PJSC TransContainer has increased container transportation volumes by 10.8% year-on-year. The Company’s revenue for the first six month of 2020 was up 9.1% year-on -year to RUB 44,337 million.

PJSC TransContainer, the leading intermodal container transportation company in Russia has provided these data together with the release of its financial report for the first six month of 2020 in accordance with the Russian Accounting Standards.

The Company’s revenue for the second quarter of 2020 increased to RUB 23,818 million,  up 16.1%  with respect to the first quarter of 2020.

The Company’s net profit for the reported period reached to RUB 7,146 million, up 16.5% year-on-year.

As of 30 June 2020 the Company’s assets stood at RUB 84,524 million, while net assets reached RUB 51,933 million, up 16.3% from 31 of December, 2019.

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