Category: General

Default category for posts.

Is China’s Titanic economy finally running into the iceberg of overcapacity?

Problems at China Cosco Holdings suggest trouble ahead.

Cosco, a giant state-owned shipping company, is locked into long-term contracts for chartering vessels that haul iron ore, coal and grain around the world.

(more…)

We have been advised of a new initiative that improves transit times from Brisbane to Cairns, and further increases freight availability into the Mackay and Cairns regions.

Commencing 1 August 2011, QR National will be offering Seafreighter services six times a week from Brisbane to Cairns. The transit time to Cairns will now be two days.

Also the Superfreighter service departing from the Acacia Ridge terminal each Wednesday and Saturday, and arriving at Mackay and Cairns each Friday and Monday,will have additional capacity, providing up to an extra 12 TEU each week.

This complements our advice on 11 July relating to increased freight availability, which together with today’s announcement will result in an increase of 114 TEU per week on our Queensland services.

Qantas Airways has finally closed the book on its involvement in a 6 year cartel to fix air cargo prices after it agreed to pay a fine of NZ$6.5 million ($4.8 million) to New Zealand’s commerce commission.

(more…)

The Toll Group has acquired SAT Albatros (SAT), a Dubai-based sea-air forwarder.

“The acquisition of SAT will further cement Toll’s strategic position in the Middle East and in the Asia to Europe trade lane”, said Toll Group’s managing director Paul Little AO. (more…)

The first stage of a $30 million major rail freight terminal development is expected to  provide a critical boost to industrial development both in the north of Adelaide and for South Australia’s mining industry.

The rail freight terminal (RFT), which was opened on January 25 by South Australian Premier Mike Rann, has been developed by Australia’s largest privately-owned rail operator SCT Logistics on a 70 ha site in the heart of Greater Edinburgh Parks in the City of Playford. (more…)

Qantas will increase international fuel surcharges in response to rising oil and jet fuel prices, while Jetstar will adjust its ticket prices instead of a fuel levy. The changes will apply to tickets issued on or after 19 February.

Qantas chief executive officer Alan Joyce said oil and fuel prices had increased sharply in recent months. (more…)