FNC News (blog)

Welcome to the latest issue of facts and news letter from www.fnc-group.com

New Member announcement

1) PT. SARIJAYA INDOSAKTI

Membership Type: Basic

This company is located in Bali, Indonesia with 22 employees handling Sea, Air and removals. More details can be tracked from their website: www.indosakti.net

Contact address:

PT. SARIJAYA INDOSAKTI

JL. TEUKU UMAR BARAT NO. 999

DENPASAR,80114,BALI,

INDONESIA

FNC PRINICIPAL CONTACT: DEWA KETUT EKAJAYA

TRANSWORLD forwarding GmbH

Membership Type: Basic

This company is located in Gelterkinden,Switzerland and offer Sea,Air,break-bulk and Inter mode services to/fro Switzerland.More details can be tracked from their website : www.twfonline.ch / Membership Type : Basic

TRANSWORLD forwarding GmbH

Ribistrasse 5, P.O. Box 511

CH-4460 Gelterkinden

Fon        +41 61 983 1040

Fax         +41 61 983 1041

Mobile +41 79 334 1958

Market News updation:

Freight Volumes slowly trending upwards:

The US department of transportation tracked that the freight volume will grow slowly and expected to pick-up well in the mid of 2010.The freight services index remained unchanged in 2009 from Nov and the index ended in the year by upward.

Air Cargo volume grows in January:

The major Chinese hub, Hong Kong International Airports air cargo volume, showed significant growth in January 2010,up 43.3% to 301,000 tones from January last year.

Authority Chief Executive Officer, Mr.Stanley Hue said that the aviation market continued to rebound first month 2010, particularly on the cargo side amid improving economic and global trade activities.

EU to get tough with big time freight forwarders:

Four prominent 3PLs have been charged by the European commission with price fixing with DHL, Panalpina, DSV and Kuehne Nagal to be colluding on surcharges.As per the commission, the infringements are related to services from Britain to outside the 30 country European Economic Area (EEA).

Additional accusations include surcharges made to shippers from the EEA to the US, from China to the EEA and from Southern China/Hong Kong to the EEA.The air forwarders Association (AFA) remain vigilant in advocating a fair,competitive price structure for air cargo, said Brandon fried, the group’s executive director.” Price fixing costs forwarders and shippers untold dollars by damaging the competitive market place with regard to cost and service”, he added.

Hanjin Shipping Targets 27% sales jump:

Hanjin Shipping co., South Korea’s largest container shipping line, expects to post a profit this year and boost sales 20% as world trade picks up and shipping fleet expansion plans.” The gap between demand and capacity expected to narrow this year as demand recovers and ship deliveries are delayed”, Chief Executive Officer, Kim Young Min told to reporters”.