WELLINGTON, New Zealand — New Zealand’s competition watchdog said it has initiated court proceedings Monday against 13 airlines, including some of the world’s leading international carriers, alleging “extensive and long-term cartel activity in the air cargo market” over seven years.
The Commerce Commission alleges airlines throughout the world colluded to raise cargo prices in and out of New Zealand via fuel surcharges.
It alleges the airlines entered an illegal global agreement in 1999/2000 under the auspices of the trade organization International Air Transport Association.
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Tags: Air New Zealand, Cathay Pacific Airways, new zealand, Qantas Airways, Singapore Airlines
This entry was posted
on Wednesday, December 17th, 2008 at 11:54 am and is filed under Cargo & Shipping News.
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The cost of shipping Middle East crude to Asia, which ended a week-long rally yesterday, may decline further as bookings slow, eclipsing demand for ships to be used as storage.
No double-hulled very large crude carriers were booked to ship consignments from Persian Gulf ports to Asia, according to reports yesterday and today from Athens-based Optima Shipbrokers. Rents advanced 51 percent last week, buoyed by demand from oil companies to hire the carriers as storage.
“I don’t think the storage has been enough to really make an impact,” Halvor Ellefsen, a tanker broker at SeaLeague AS in Oslo, said in an e-mailed note today. The supply of ships to collect cargoes at the end of December is “far from tight.”
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Tags: baltic, persia, persian gulf, shipping Middle East, tankers
This entry was posted
on Wednesday, December 10th, 2008 at 1:12 pm and is filed under Cargo & Shipping News.
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SHANGHAI, China - (Business Wire) UPS (NYSE:UPS) today placed in service a new international hub here, improving access to China and speeding the movement of express packages and heavy freight around the world.
The facility is strategically located at the Pudong International Airport, right in the heart of the Yangtze River Delta area, and now becomes the key gateway linking China to UPS’s global network.
It features the largest on-site 24/7 customs inspection area in Shanghai and was built to a unique design that facilitates rapid handling of express packages in addition to heavy freight.
“Everything about this facility was built for speed and reliability,” said Dan Brutto, president of UPS International. “Linked now to our vast integrated transportation network, it opens wider the doors of commerce with China. We believe Shanghai will become an even more attractive business location because our customers will recognize the importance of a world-class UPS facility that provides rapid access to the world.”
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Tags: airport, cargo, china, shanghai, ups
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on Wednesday, December 10th, 2008 at 11:55 am and is filed under Cargo & Shipping News.
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