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 The global crisisIn light of the global crisis and the difficult economic situation we are facing, years 2009-2010 will for sure provide us with its load of challenges. In this context, forwarding agents have a crucial role to play with regards to the optimisation of logistic flows. They should get closer to their customers than ever before, be attentive to understand their business patterns and the direction in which they are moving. Freight forwarders ought to innovate and offer tailor-made logistic solutions in order to increase their competitiveness on the market.
The objective is not to "reinvent the wheel" but to identify and offer various possible combinations to customers who will choose the best appropriate solution to their specific needs.
My aim as President this year, is to pursue the ....(read more) Monday, 30th Mar 2009 |  A loss of 40 million Euros expected by Air Mauritius in 2009/ 2010The profitability of Air Mauritius will depend primarily on three factors: its operational performance, the price of fuel and the exchange rate of the Euro compared to the US dollar as a significant proportion of revenue is generated in Euro while most of the national carrier expenses are incurred in US dollars.
For the current financial year which started on the 1st April 2009, a careful matching of cost with revenue, a favourable rate of exchange between the Euro and the Dollar and the price of fuel trading around US$ 72.5 per barrel as compared to a low US$ 37 in December of last year, are having a positive impact on operational results and on the overall debt.
According to Air Mauritius, the current price of fuel and the Euro Dollar exchange rate will lead to a projected hedging ....(read more) Friday, 3rd Jul 2009 |  Freight tariffs on the rise due to piracyAccording to marine insurance brokers, insurance companies are charging between 0.05 percent to 0.175 percent of the value of a container vessel that moves through the Gulf of Aden, In may of last year, the insurance rate was between zero and 0.05 percent.
Piracy has flourished recently off the busy Gulf of Aden used by nearly 20,000 ships but also in Indian Ocean shipping lanes.
A container shipping line said that it has introduced a surcharge on all cargo transiting through that region to cover additional costs including crew risk compensation.
"The cost of keeping global trade routes open could result in a growing 'piracy tax' that will be felt by a wider range of businesses and consumers, already battered by the effects of recession," said insurance company Lloyd's.
Some ....(read more) Friday, 3rd Jul 2009 |
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