Friday, July 20, 2018

Move Into Indian Logistics Market Starts the Week's Freight News Round Up

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Shipping News Feature
INDIA – The deal between Dubai based DP World and the National Investment and Infrastructure Fund (NIIF) via the pair's joint venture, Hindustan Infralog Private Limited (HIPL) to acquire 90% of multimodal logistics provider Continental Warehousing Corporation (Nhava Seva) Ltd (CWCNSL), and which we gave full details of in a previous article, has now been finalised. The UAE port specialist and its partner have looked to invest up to £3 billion in freight transport infrastructure and operations in the subcontinent.

CWCNSL’s wholly owned subsidiary Delex Cargo India Private Ltd provides door-to-door logistics solutions including freight forwarding, 3rd party logistics, express logistics and hub-and-spoke model of delivery across 54 locations in 40 cities. Meanwhile the parent company owns and operates warehousing facuilities, Container Freight Stations (CFS), Inland Container Depots (ICD) and Private Freight Terminals (PFT). DP World is currently present at six locations in India with over 6 million TEU of gross capacity and also operates container trains connecting ports to the hinterland.

UKRAINE – Antonov Airlines, the air transportation division of Antonov Company, saw an 81% revenue increase in 2017 compared to the previous year, while January to May figures in 2018 were up 42%, with aerospace being one of the key sectors for the Ukrainian airline. The cargo carrier says its growth is the result of its strategic partnership with Dreamlifts Limited and the establishment of its UK headquarters at London Stansted Airport.

The heavy lift and super heavy lift airline says it plans to work with suppliers to modernise its aircraft thereby ensuring its fleet remains viable into the future. As part of this programme, Antonov Airlines has increased the payload of two of its AN-124 airframes from 120 to 150 tonnes and will expand this across the remaining five airframes in due course. Under the Open Skies Agreement between Ukraine and the USA, Antonov Airlines is the only AN-124 operator to be granted a blanket exemption for unlimited flights to and from the US.

Antonov has an ageing but singularly impressive fleet, with seven AN-124-100 ‘Ruslan’ aircraft with up to 150 tonnes payload, its 60-tonne payload AN-22, the world’s largest turboprop-powered aircraft, and its unique 250-tonne payload AN-225 ‘Mriya’, the largest aircraft in the world, as well as smaller AN-74 and AN-26 aircraft.

UK – Time critical specialists and pan-European road and logistics operator GBA Services is expanding its existing involvement in aerospace MRO and AOG work, with the opening of a dedicated Aerospace Division. One of the early projects of the new division is the creation of a dedicated components milk-run service, supporting line maintenance activity by delivering airside to all UK airports in support of airlines and their associated supplier bases. Commercial Director, Bill Smetham, commented:

“GBA’s new Aerospace Division draws together and formalises existing staff, experience, skill and resource. In addition, we will be recruiting key individuals with specific experience in this sector, who will help drive and further our ambitions to be a market leader in aerospace logistics.”

GREECE – Diana Shipping, which specialises in the ownership of dry bulk vessels, announced this week it has signed a term loan facility with BNP Paribas for up to US$75 million with maturity date on July 16, 2023. With this done it drew down the same amount secured by vessels Alcmene, Seattle, Electra, Phaidra, Astarte, G P Zafirakis and P S Palios.

The proceeds from the loan facility together with available cash were used to voluntarily prepay in full the balance of US$130 million of the existing credit facility with BNP Paribas which had maturity date on July 24, 2020. The new loan facility has resulted in the release of mortgages on 17 of the Company’s vessels.

Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.90 years.

FINLAND – K.Hartwall has acquired A&A Logistik-Equipment GmbH & Co. KG, a German company providing logistics equipment for various industries which matches the Söderkulla based outfit’s current portfolio which sees it develop returnable logistics solutions primarily aimed at retail companies, postal services and the automotive industry. A&A was founded in 1992 and is located in Heidenau near Hamburg, Germany. The business is currently divided into two core segments: standard equipment and special projects for customers in various industrial segments.

BELGIUM – Volga Dnepr and CargoLogicAir, who together ordered $11.8 billion of freighter aircraft from Boeing at the Farnborough International Air Show this week announced they have signed a Memorandum of Understanding (MoU) on Strategic Cooperation with Liege Airport, one of the fastest developing European airports, with the aim to strengthen their positions in the European market through development of a regional hub and enhancement of freighter capacity.

SOUTH KOREA – Hyundai Merchant marine (HMM), the 12th largest global box carrier, joins 2M partners and the two largest global operators Maersk and MSC, both of whom have already uploaded their container fleets to the database, operated on a non-profit basis by the BIC (Bureau International des Containers). Other major carriers, including third biggest CMA-CGM and APL, have also registered their fleets, alongside hundreds of smaller owners and operators.

With the addition of HMM, Korea is now particularly well represented within the BoxTech Global Container Database, with SM Line, Pan Ocean and CK Line having also previously uploaded their fleets. With details of more than 11 million containers, the fast-growing database gives the shipping community instant access to the technical characteristics of around 45% of the global container fleet in a single location, using a standard API.