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Canal transit
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Wednesday, 16 July 2008 |
The Panama Canal is approximately 80 kilometers long between the Atlantic and Pacific Oceans. This waterway was cut through one of narrowest saddles of the isthmus that joins North and South America.
The Canal uses a system of locks -compartments with entrance and exit gates. The locks function as water lifts: they raise ships from sea level (the Pacific or the Atlantic) to the level of Gatun Lake (26 meters above sea level); ships then sail the channel through the Continental Divide.
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Airline News
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Wednesday, 16 July 2008 |
CHICAGO - Liquidity and credit quality are again at the forefront as the critical determinants of the U.S. airline industry's economic viability.
The sheer magnitude of increasing energy prices and resulting weak cash flows make further industry consolidation unworkable. Indeed, the mechanism for industry capacity rationalization is now financial distress and carrier liquidation as opposed to merger and acquisition activity. Over the second half of 2008, more forced take-out of domestic capacity is likely as ongoing fuel cost pressures drain liquidity to distressed levels at all but the most cash-rich carriers.
According to Fitch Ratings expectations are that all of the U.S. legacy carriers will experience rapid erosion of cash levels in the post-Labor Day period. This erosion could threaten their survival if adverse fuel trends continue, and multiple bankruptcies and liquidations are increasingly likely looking ahead to 2009.
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Maritime News
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Wednesday, 16 July 2008 |
Ahlers was entrusted by TECHNIP early this year with all logistics, crewing, security, safety and administrative matters for the transit of the FPSO "AKPO" from Korea to Nigeria. Said FPSO (Floating Production and Storage Off-shore platform) with a length of 305m and a beam of 60m has a storage capacity of 400.000mt, and a production capacity of about 40.000mt/day (250.000bbls/day).
"AKPO" left Ulsan on the 27th of June and arrived on 14th July off Singapore at the meeting point about 75 nautical miles from the island.
Following operations are scheduled this week: |
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Air Cargo News
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Wednesday, 16 July 2008 |
WASHINGTON - Despite progress being made in implementing the Certified Cargo Screener Program (CCSP), significant challenges remain in future success due to lack of funding, according to executive director of the Airforwarders Association (AfA) in testimony before the House Committee on Homeland Security today. Brandon Fried testified that due to the extremely high cost of purchasing machinery without federal assistance, many forwarders may choose not to participate in what is TSA’s primary tool to achieve 100 percent screening of cargo by the August 2010 deadline established by Congress.
“We are extremely concerned about the lack of government funding for the 100 percent screening mandate,” said Fried. “Congress has stated that homeland security is a federal government priority –certainly, aviation security is included on that list of responsibilities. If it is a government mandate, for a government responsibility to secure our planes, why then is it not the government’s money that provides for that security?” |
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Transportation Security
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Wednesday, 16 July 2008 |
LAGRANGEVILLE, N.Y. - Command Security Corporation (AMEX: MOC) announced today that over the past sixty days it has been awarded four large contracts to provide security services.
One contract expands the scope of services provided to a hospital group in the New York City metropolitan area; a second contract is with one of the leading national retailers of home textiles, housewares and home accessories for security services at its New Jersey distribution center; another contract is with a large grocery market distribution center in California; and the last of these four contracts was awarded to Command by a company that provides merchandising and distribution services to a major grocery retailer, for security services at two distribution centers in New Jersey. All four contracts commenced at various dates between the middle of May and July 2008 and, in aggregate, are expected to generate additional annual revenues of approximately $3.1 million. |
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