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Archives for October 2012

“K” Line announce Financial Highlights for F2012

October 31, 2012 by

On behalf of our client Kawasaki Kisen Kaisha Ltd, (“K” Line) we are pleased to send you notification of their Financial Highlights for 2nd Quarter F2012.

English version:

To download please Click Here

This News Release is also available to download from their website : http://www.kline.co.jp/

Also available is a Revised Forecast of Financial Results:

・Difference in Financial Results from Projections, Revised Forecast of Financial Results and Resolution to Pay No Interim Dividend

This PDF can be downloaded from their website:  http://www.kline.co.jp/en/

Filed Under: "K" Line

Young International Freight Forwarder of the Year: ‘And the winner is…….’

October 22, 2012 by

The Award, sponsored by TT Club, the leading provider of international freight transport insurance, has been won this year by Daniel Terbille of South Africa.

22 October, 2012

Daniel Terbille, one of four regional finalists who presented their papers to the judges at FIATA’s Annual Conference, received his award from TT Club’s EMEA Regional Director, Andrew Kemp. “It was a difficult decision to pick an overall winner” said Kemp “however Daniel prevailed and deservedly takes this year’s award”.

The award is presented in recognition of forwarding excellence and was established by FIATA with the support of TT Club to encourage the development of quality training in the industry and to reward young talent with additional valuable training opportunities. The TT Club has been a sponsor of the award since its inception and is firmly committed to the importance of individual training and development within the global freight forwarding community.

The Award Steering Committee strives to make the challenge appealing to a greater number of candidates and allow them to call on their day-to-day experiences when working for a range of organisations, whether it’s a small customs agent or a multi-national operator.

This year’s candidates were set the task of examining the multimodal movement of a key import or export relevant to their country of operation.  Extra marks were awarded based on the complexity of the cargo matter, mode of transport, routing, regulatory issues faced, plus any cross-border issues such as customs regulations and/or bonds involved.

The four regional winning dissertations produced concerned diverse cargoes such as glass fibre mesh machines; concrete beams; electrical test and calibration units; 39 kilometres of coated carbon steel pipes; pressure valves and oversize heavy machinery as well as fabric and finished high-fashion clothing.

In addition to Daniel, who represents FIATA’s Africa and Middle East region, the other finalists were: Salman Ali (Canada) representing the Americas, Chris Yabsley (Australia) from the Asia Pacific region, and Nadine Baumgarten (Germany) representing Europe,.

Speaking at the award ceremony, TT Club’s Andrew Kemp, said, “We are proud to have been able to continue our sponsorship of this prestigious award, now in its fourteenth year. This year’s awards proved to be the most successful so far in terms of attracting candidates from across the globe. The calibre of the dissertations and presentations were of the usual exceptional standard and it was clear that a lot of research, planning and hard work had gone into their preparation.”

ENDS

Note to Editors:
The TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.


Caption:  (l-r)  Ivan Liptuga, FIATA Vice Presidents,  Daniel Terbille, Winner of the Young International Freight Forwarder of the Year Award, and Andrew Kemp, EMEA Regional Director, TT Club

Filed Under: TT Club

THE SHIPOWNERS’ CLUB PEGS PREMIUM RISE TO 5% IN FACE OF GROWING CLAIMS

October 15, 2012 by

A developing trend in the number and quantum of higher value claims has led the smaller tonnage specialist the Shipowners’ Club to announce a general increase in premiums of 5% from 20th February 2013.

12th October 2012

In its half-yearly report published today, Shipowners highlights the continuing growth in the Club.  This is a reflection of fleet growth and the purchase of extended cover by existing Members, and the addition of new Members throughout the six month period. Despite there being no general increase for the current year, earned premiums for the period are up by 4.4% compared with 2011 and entered tonnage is up by a similar percentage (4.3%).

This growth has been carefully controlled and the performance for the period has remained strong with an underwriting surplus of USD 9.8 million representing a combined ratio of 90%.

The Club’s investment strategy is providing satisfactory results with both bond and equity portfolio returns ahead of expectations and a total return on investments of USD 6.1 million.  This has contributed to an overall surplus for the six months of USD 15.6 million, increasing free reserves to USD 250.4 million.

However, a trend which began in 2011 is evolving more strongly in 2012.  Once fully developed, it is anticipated that the 2011 claims position will show a 10% increase in the cost of claims per ton as compared to 2010. This trend has continued through the first half of the current year with claims in the higher value range (USD 1 million to USD 5 million) increasing significantly in frequency against  the same period in 2011.

This pattern of claims makes it necessary to impose a general increase of 5% on premiums at the next renewal to ensure that the Club’s strong operating performance continues in 2013.

Commenting on these results, Shipowners’ Chief Executive, Charles Hume said, “While we are happy to see the continued growth in the Club as indicated by increases in both earned income and tonnage, we must also react to the trend of rising claims.  In addition to our own retained claims we must anticipate an increase in the cost of our reinsurance programme and the Directors have therefore decided that there should be a 5% increase in premiums, which will include any additional reinsurance cost.

“We appreciate that operating conditions remain difficult for many of our Members but we must ensure that the Club’s premium income and claims remain in balance.  We are confident that our Members will recognise the importance of maintaining the Club’s financial security into the future,” concluded Hume.

ENDS

Notes for Editors:

A pdf of the Half Year Report 2012/13 is available for download at http://www.shipownersclub.com/ebooks/halfyearreport201213/index.html

The Shipowners’ Club is a mutual marine liability insurer, providing Protection & Indemnity insurance to small and specialist vessels since 1855. The Club currently insurers over 33,000 vessels from more than 6,200 Members worldwide and is a member of the International Group of P&I Clubs.

The Club has branches located in London, Singapore and Vancouver.

Filed Under: The Shipowners' Protection Ltd

Priority Freight Confirms Commitment to Polish Market

October 10, 2012 by

Priority Freight, the leading logistics service provider specialising in time critical deliveries across Europe, has announced the establishment of its local business entity in Poland, Priority Freight Sp z.o.o.

Dover, UK & Wroclaw, Poland 09 October, 2012

Having been active in the Polish market for some three years, Priority Freight is now underlining its commitment to the service of established and potential customers by investing in a Polish business entity based in the region of Lower Silesia in Wroclaw.  The move is also part of the Company’s on-going strategy of expansion in Europe designed to strengthen its service offering to the industrial sectors in which the primary demand for time critical transport occurs: automotive, aviation/aerospace, energy and pharmaceuticals.

“In order to most efficiently fulfill the demands of our customers’ increasingly complex and vulnerable supply chains throughout Europe, we are continuing our programme of establishing our own offices in critical locations,” explained Priority Freight Group Managing Director, Neal Williams.  “Wroclaw’s location means that it is well situated to serve the growing Polish automotive supply sector.  Poland is now one of the leading producers of auto parts in Europe and is experiencing consistent economic growth despite the current global recession.  The new office complements our existing bases in the UK and Germany and will be critical in managing our expanding network of transport service providers.”

Priority Freight has a no-nonsense approach to its customers’ emergency freight transport needs.  It emphasises careful planning, where possible, meticulous attention to detail in considering alternative solutions to a given challenge and hands-on attention to a shipment’s progress at every stage of its transit.  Utilising its experienced staff of dedicated, multi-lingual professionals to communicate closely with clients about their delivery timings and related costs, Priority Freight prides itself on engineering the most suitable ‘mode-mix’ in any given situation to achieve a successful time sensitive delivery.

Operations Manager Poland, Arek Kowalewski will lead the Priority Freight team in Wroclaw.   Arek has career experience in both the automotive and aerospace sectors, which he believes is essential in managing the nuances of the supply chain demands unique to those industries.  He comments, “In the time critical niche of logistics service provision, intimate knowledge of the particular characteristics of a customer’s business model is very important.  Priority Freight’s staff in Poland, as is the case throughout the Company, are constantly aware of the customers’ goals and service parameters which they apply to each and every shipment.”

ENDS

Notes for Editors

About Priority Freight: Established in 1996, Priority Freight’s reliability and competitiveness have allowed it to progress rapidly.  Now with over 90 employees, the family-run business continues to take pride in maintaining its core values of trustworthiness and value for money.

Priority Freight is one of Europe’s leading time-critical freight specialists, helping clients to meet complex and urgent international delivery challenges worldwide.  Priority Freight has offices throughout Europe and members of its experienced staff are available 24/7, 365 days a year, meeting its customers’ time-critical transport needs and often beating seemingly impossible deadlines.

www.priorityfreight.com

Filed Under: Priority Freight

PRIORITY FREIGHT STRENGTHENS THE TEAM

October 9, 2012 by

Dover, 3 October, 2012

Priority Freight, a leading service provider of time critical freight services, has announced today that Stuart Jones has joined the company as Business Development Manager.  The appointment is designed to expand the company’s customer base and strengthen its commitment to relationship building across the market.  Jones brings a wealth of experience in new business acquisition.  Both his skill-set and personal drive fit well with Priority Freight’s ambitions for the future.

Providing logistical solutions for specific markets and industries where speed, reliability and security are of the utmost importance, Priority Freight plans and implements bespoke answers to solve seemingly impossible logistical questions.

An accomplished executive with a successful track record in achieving significant gains for his last company Sovereign Business Integration, Jones brings to his new role extensive sales and marketing experience.  At Priority Freight, Jones will be responsible for new business and client retention in the automotive sector, along with an expansion into the aviation, energy, film & entertainment, marine supply and pharmaceutical sectors.

“Stuart is a highly effective Business Development Manager, who has made major contributions to the success of pioneering companies in the technology and automotive industries” said Andrew Austin, CEO of Priority Freight.  “The addition of Stuart to the Priority Freight management team will reinforce our successful, innovative business model of recent years and compliment our growth strategy for the future.  This will, in particular emphasise a lateral approach to customers’ expedited freight transport needs, being both inventive and holistic.”

Jones for his part commented, “I am thrilled to join Priority Freight.  The team here has built a compelling expedited freight proposition and a dynamic business model.  I look forward to working with the Priority Freight professionals across Europe to accelerate our growth by providing unparalleled value for our clients and supplier partners.”

Looking forward to the progression of the Company as a result of Jones’ appointment, George Williams, Chairman of Priority Freight, welcomed his new Business Development Manager to the company, sharing the positive expectations of the whole Board.

ENDS

Notes for Editors

About Priority Freight: Established in 1996, Priority Freight’s reliability and competitiveness have allowed it to progress rapidly.  Now with over 90 employees, the family-run business continues to take pride in maintaining its core values of trustworthiness and value for money.

Priority Freight is one of Europe’s leading time-critical freight specialists, helping clients to meet complex and urgent international delivery challenges worldwide.  Priority Freight has offices throughout Europe and members of its experienced staff are available 24/7, 365 days a year, meeting its customers’ time-critical transport needs and often beating seemingly impossible deadlines.

www.priorityfreight.com

Filed Under: Priority Freight

Menlo Worldwide Logistics Supports Riverbed Technology’s Singapore Expansion

October 9, 2012 by

IT Leader Taps Menlo’s Multi-client Facility at Airport Logistics Park to Establish New Regional Distribution Center

SAN MATEO, Calif., and SINGAPORE — Oct. 9, 2012 — Menlo Worldwide Logistics, the global logistics subsidiary of Con-way Inc. (NYSE: CNW), today announced it has been selected by Riverbed Technology, the performance company, to provide warehousing and distribution services in Singapore. More than 19,000 organizations worldwide depend on Riverbed® to understand, optimize and consolidate their IT infrastructure, through solutions that overcome performance issues caused by distance, distributed computing, and ever increasing amounts of data. The company’s new regional distribution center in Singapore adds to the company’s two locations in the United States and The Netherlands.

Menlo Worldwide provides traditional warehousing and distribution services and a custom warehouse management system to Riverbed from its 119,336-square-foot multi-client warehouse facility, which is strategically located within the Free Trade Zone at Airport Logistics Park at Changi Airport in Singapore. Additionally, Menlo provides value-added services including kitting, packing, returns management and configure-to-order, yielding increased order fill rates and lower inventory.

“We wanted to better serve our customers in Asia-Pacific, and accomplished this by working with Menlo Worldwide in Singapore,” said Mike Havey, vice president of operations at Riverbed. “Menlo Worldwide has the expertise and on-the-ground knowledge necessary to allow us to immediately attend to the business of customer satisfaction through faster order turnaround times. Their adoption of lean principles and their superior reputation as a leader in global logistics makes them the ideal partner for Riverbed in Singapore.”

Menlo’s multi-client warehouse management solution offers flexibility in contract commitment length, the ability to share existing IT platforms, an experienced management and labor infrastructure, requisite equipment and assets, and a more extensive geographic network of pre-configured warehouse operations.

“At Menlo, we’ve worked hard to build the strong global presence and flexible services and solutions our customers need to succeed in today’s competitive business environment,” said Desmond Chan, managing director, South Asia, Menlo Worldwide Logistics. “We’re thrilled to work with Riverbed in Singapore and look forward to helping to further optimize their supply chain and successfully grow their global operations.”

The company has multi-client facilities in the United States, Canada, Mexico, Europe and six locations in Singapore. Additional locations in Asia-Pacific include Malaysia, Hong Kong, Shanghai Waigaoqiao, Shanghai, Beijing, Chengdu, Shenzhen and Wuhan, China; Bangkok, Thailand; Mumbai and New Delhi, India; and Sydney, Australia. All of the company’s facilities worldwide operate under the Lean principles of continuous improvement and reduction of waste.

Follow Menlo Worldwide Logistics on Twitter: http://twitter.com/MenloLogistics

Menlo Worldwide Logistics images are available at

www.con-way.com/en/about_con_way/newsroom

About Menlo Worldwide Logistics
Menlo Worldwide Logistics, LLC, is a US$1.6 billion global provider of logistics, transportation management and supply chain services with operations in five continents, including North America. As a third-party logistics provider, San Mateo, Calif.-based Menlo Worldwide Logistics’ services range from dedicated contract logistics to warehouse and distribution management, transportation management, supply chain reengineering and other value-added services including packaging, kitting, order fulfillment and light assembly through a strategic network of multi-client and dedicated facilities. With more than 17 million square feet of dedicated warehouse space in North America, the Asia Pacific, Europe and Latin America, and industry-leading technologies, Menlo Worldwide Logistics creates effective, integrated solutions for the transportation and distribution needs of leading businesses around the world.

Menlo Worldwide Logistics, LLC, is a subsidiary of Con-way Inc. (NYSE: CNW), a $5.3 billion diversified freight transportation and logistics company. For more information, please visit us on the Web at www.con-way.com.

Filed Under: Menlo Logistics

Dachser now also in Vietnam

October 8, 2012 by

Kempten/Ho Chi Minh City. 8 October 2012. Dachser is continuing to pursue its worldwide expansion course and at the beginning of October established a joint venture in Vietnam. Majority shareholder is Dachser Far East Ltd. in Hong Kong.

The range of services provided by Dachser Vietnam Co. Ltd. extends from air and sea freight business to customs clearance and a wide variety of other logistics services. In the short term the company plans to employ a staff of 20. The head office and first branch office is located in Ho Chi Minh City. The opening of a second branch office in the Vietnamese capital Hanoi is planned for the end of the year.

“Through our commitment in Vietnam we are present for our customers in one of the most productive and strongest growth markets in the region,” Thomas Reuter, managing director Dachser Air & Sea Logistics, points out.

Michael Deisemann has been appointed country manager. He has known the logistics business in Vietnam for over 14 years and will report to Edoardo Podestá, regional managing director Far East, who is based in Hong Kong.

Dachser is represented in Asia with branch offices in Bangladesh, China, Hong Kong, India, Malaysia, Singapore, South Korea, Taiwan and Thailand. By 2017, the company aims to be present with its Dachser Air & Sea Logistics business field at 220 locations in 49 countries.

About Dachser:

In 2011, the internationally operating logistics provider, Dachser (www.dachser.com), generated total revenue of EUR 4.3 billion. 21,000 staff working in 315 profit centres worldwide handled 49.3 million consignments weighing a total of 37.1 million tonnes. For more information about Dachser visit http://www.dachser.com.

General picture material can be downloaded at         http://www.dachser.com/de/de/picture_gallery.htm

Filed Under: Dachser UK