On 1/12/10 the Baltic Exchange Dry Index (BDI) website quoted Reuters report that Dry bulk ship owners are insisting vessels go via the Cape of Good Hope on voyages from South Africa to Mediterranean ports to avoid pirates in the Gulf of Aden - adding 10 days to shipping times. Utilities in Italy, Greece and Israel which use coal shipped from Indonesia and South Africa are having to pay higher shipping costs for the longer voyages, utility sources said. Around 60 percent of South Africa's 60 million tonnes a year of coal exports goes to Europe.
FURNITURE TODAY NEWS - Go After Globe Express' customers..
Barcalounger, American of Martinsville file Chapter 11
Companies could be sold to affiliate of current owner
Larry Thomas -- Furniture Today, May 20, 2010
WILMINGTON, Del. - Upholstery producer Barcalounger and its sister
company, contract furniture source American of Martinsville, have filed
for Chapter 11 bankruptcy protection.
The joint filings, made a little more than a month after the two
companies shut down their factory in Martinsville, Va., said parent
company Hancock Park Capital already has agreed to sell the companies to
another affiliate of Hancock for $1.5 million.
The sale would have to be approved by the bankruptcy court, which would
conduct an auction if another bidder surfaces...(more)
Barcalounger, American of Martinsville file Chapter 11
Companies could be sold to affiliate of current owner
Larry Thomas -- Furniture Today, May 20, 2010
WILMINGTON, Del. - Upholstery producer Barcalounger and its sister
company, contract furniture source American of Martinsville, have filed
for Chapter 11 bankruptcy protection.
The joint filings, made a little more than a month after the two
companies shut down their factory in Martinsville, Va., said parent
company Hancock Park Capital already has agreed to sell the companies to
another affiliate of Hancock for $1.5 million.
The sale would have to be approved by the bankruptcy court, which would
conduct an auction if another bidder surfaces...(more)
| Trade Logistics 101: An Introduction to Forwarding |
By William Corley
As the world economy recovers, opportunities increase for U.S. companies to export their products. But international shipping remains daunting for many new or relatively inexperienced exporters, particularly small and medium-sized firms. To assist these firms, we offer the first in a series of articles about international trade logistics.
Considering the Options
Effective use of transportation equipment and modes reduces shipping and logistics costs. However, export planning entails all sorts of considerations, from inventory levels and manufacturing lead times to customers' preferences and transportation options. Ocean export is generally much cheaper than air export, but the transits from warehouse dock to consignee door are measured in weeks instead of days.
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