Lower fees, other measures credited with attracting business
Mumbai,India -The Journal of Commerce Online -Oct 6, 2010: -- The volume of containers handled by India’s Port of Mumbai surged 36 percent in the first half of fiscal 2010-11 ending Sept. 30, the port authority said Wednesday... Container traffic for the April-September period was estimated at 37,236 20-foot equivalent units, compared with 27,411 TEUs in the year-ago period... Volume in September increased to 6,942 TEUs from 4,226 TEUs in the same month last year... Officials attributed the growth in traffic to several proactive measures the authority has taken in recent months, covering reduction in handling costs and other concessions to users... The west coast hub handled 27.38 million tons of cargo in the first half, up 3.33 percent from 26.5 million tons a year earlier... (Photo from topnews.in: Mumba port)
* France - Idle Container Fleet Set to Soar in Fourth Quarter. Weaker cargo demand drives carriers to cull capacity on key routes
Paris,France -The Journal of Commerce Online, by Bruce Barnard -Oct 5, 2010: -- The number of idled container ships, which has shrunk rapidly over the past year, is set to increase sharply through the fourth quarter as ocean carriers cull capacity on key routes, a leading industry analyst said... The jobless fleet, which currently stands at 225,000 20-foot equivalent units, could rise to between 600,000 TEUs and 1 million TEUs by the end of the year, according to Paris-based Alphaliner... No carrier has yet confirmed its new winter schedules but capacity cuts are planned as lines move to bring supply and demand into balance as cargo volumes show signs of weakening after surging over the past nine months... The majority of the ships facing lay up are likely to be above 3,000 TEUs capacity due to the seasonal adjustments on the line haul Far East-Europe and Far East-North America services... Labels: transport and logistics news
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