Fashion & Lifestyle

Bangladesh shippers hard hit by low-sulphur bunker fuel surcharges

Shippers in Bangladesh sending a 40ft container from Chittagong to the deepsea transhipment hubs of Colombo and Singapore must pay a $100 per  box bunker adjustment factor (BAF) low-sulphur surcharge.
“Some operators have been collecting the surcharge since December and some in January to adjust the fuel oil price hike,” said Iqbal Hassan, general manager of local ship agency and customs brokerage QC Shipping.
He added that from Chittagong to Europe and the …

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All the links in your supply chain need to be secure against cyber attacks

Cyber security attacks happen almost daily, impacting SMEs to multinational corporate companies.
The majority of the attacks and data breaches can be found coming from the same place – through the supply chain, where security can become weak and mismanaged. Or, directly through people that work as part of a supply chain using their home network as an entry point to their world of work.
When an organisation enters your supply chain …

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Another trade route for Bangladesh with new Biman flights to Manchester

Bangladesh has found a new trade route, at a time when its export market is booming. 
Exports hit an all-time high of BDT279.82bn ($3.3bn) in July, the latest data available, showing a near-20% rise on June. 
As the world’s second-biggest apparel exporter, after China, it is likely to have benefited from US tariffs on Chinese goods.  
From January, Biman Bangladesh Airlines will operate a thrice-weekly service between Manchester and Dhaka, using a 787, via the …

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India’s container trade slumps amid ripples from tariff tussles

India’s container trade growth plummeted in the second quarter, highlighting the country’s faltering economy and the increasing impact of global trade tensions.
According to Maersk’s latest India trade report, second-quarter container growth fell 1% year on year, while imports grew just 2% and exports remained flat.
“It reflects a broad-based slowdown across key economic sectors,” said Steve Felder, managing director of Maersk South Asia.
“Amid increasing global volatility, a slower local...

https://theloadstar.com/indias-container-trade-slumps-amid-ripples-from-tariff-tussles/

US retailers continue to scramble to bring goods in to beat new tariffs

US container import volumes continued to surge over the summer, ahead of more tariff hikes on consumer goods. 
New data released yesterday by Global Port Tracker shows “imports at the nation’s major retail container ports reached unusually high numbers just before new tariffs on goods from China took effect 1 September, and are expected to surge again before another round of tariffs takes effect in December”.
“Retailers are still trying to minimise …

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Kerry appoints industry veteran John Parkes MD for integrated logistics

Kerry Logistics has appointed John Parkes (pictured above) as its managing director for integrated logistics.
Mr Parkes joins from Hong Kong apparel sourcing and supply china giant Li & Fung, where he spent four years as global business development head for Hong Kong and Taiwan.
Although the bulk of his 35-year career has been spent at Li & Fung, he boasts a varied CV. This includes stints at Freightlink as general manager of …

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Nike trainers wash up on beaches after containers go overboard in storm

Anyone looking out for a new set of Nikes may be best off combing the beaches of the UK, where trainers “in their hundreds” have been washing up over the past year. The sport shoes found their way into the water after a heavy storm sent a container overboard. Though not certain, The Telegraph suggests they came off the Maersk Shanghai in March when the Charleston-bound vessel was hit by …

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JB Hunt enters US freight forwarding fray after gaining NVOCC licence

One of the largest overland freight transport providers in the US, JB Hunt, has entered the freight forwarding sector after receiving an NVOCC licence from the Federal Maritime Commission (FMC).
According to ocean recovery expert Steve Ferreira, founder of Ocean Audit, JB Hunt was awarded its non-vessel operating common carrier licence “a few weeks ago”, and the FMC ocean transport intermediaries (OTI) database lists JB Hunt as an authorised NVOCC with …

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Wincanton sees profits rise as ‘the Adrian Colman era’ comes to an end

Wincanton raised its profit at around the same rate it lost revenue during its fiscal year 2018.
Despite a 2.6% decline in turnover, to £1.14bn (£1.17bn a year earlier), profits (recorded as ebitda) climbed 2.9% to £66.7m. 
Outgoing chief executive Adrian Colman said “key areas” had grown, including retail general merchandise. 
“In the second half of the year, we secured substantial new contract wins that should position the group well in the coming periods,” …

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Supply chain radar: Headhunting Panalpina staff – bulls vs bears

While trying to determine whether the M&A wind blowing from the west could alter the plans of freight forwarders and logistics companies in the east*, I continued to seek guidance about what could be next for the Panalpina (PAN) organisational matrix and its many talented employees, because DSV provided us very little detail in regard to its upcoming integration plans. 
(*Currently high on on my radar in the top 20 in …

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