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LET'S WALK HAND IN HAND WAS THE SLOGAN OF OUR FIRST ANNUAL CONFERENCE HELD LAST NOVEMBER 2007 AT KUALA LUMPUR, MALAYSIA. AND INDEED IT WAS A GREAT SUCCESS WITH AN OVERWHELMING RESPONSE FROM 40 DELEGATES FROM VARIOUS COUNTRIES ATTENDING THIS EVER FIRST ANNUAL MEETING. THE NEW MEETING SCHEDULE WITH TWO FULL DAYS OF PLENARY SESSIONS AND WORKSHOPS AND MOST IMPORTANTLY ONE TO ONE MEETING.
Click on thumbnails below to view Photo Gallery AFTER THE LAUNCH OF GILN BIRTH AND SELF INTRODUCTION BY ALL MEMBERS , CHAIRMAN TOUCHED ON VARIOUS ASPECT INCLUDING ON PROMOTING GILN BRAND AMONGST THE CARRIERS, EXPORTERS AND MANUFACTURERS ETC. MEMBER FROM USA – JACK MACHARIO OF KNIGHT INTL HAD A SESSION ON “FMC B/L AND SERVICE CONTRACT TO USA WHILST HIS COLLEAGUE GARY CITRON TOUCHED ON PRESENTATION ON SOFTWARE ON “CLEAR QUOTE” AND WEB PORTAL FOR NVOCC. THOMAS SIM FROM SPORE INTERESTINGLY TOUCHED ON EMERGING TREND - SCM (SUPPLY CHAIN MANAGEMENT) THE COCKTAIL RECEPTION WAS INDEED AN INTERESTING AND AN ENTERTAINING AFFAIR NOT TO MENTION THE DINNER WHICH WAS HELD AT A MALAY CULTURAL RESTAURANT IN THE HEART OF CITY WHERE LOCAL CUISINE WAS SERVED TOGETHER WITH AN ENTERTAINING STAGE SHOW OF MUSIC AND DANCE. THE LAST DAY WAS WRAPPED UP WITH SIGHTSEEING CITY TOUR COVERING ALL THE INTERESTING PLACES AROUND KL VICINITY. THIS MEET HAS BUILT AND FORMED A CLOSE RAPPORT AMONGST ALL OF US IN THE FAMILY OF GILN!!! THE GILN TEAM
Indian shipowners call for sweeping tax reforms INDIA's National Shipowners Association has put forward a package of proposals to revamp the nation's tax structure for the sector in a bid to generate big investment and improve competitiveness. The association is seeking a five per cent reduction in customs duty on the import of vessels, and for shipowners to be exempt from paying customs duty on the import of repair materials, to lower the cost of repair work and boost the import of high-quality repair equipment. The body is also calling for the scrapping of the tax on input services, as well as amendments to the tax legislation, according to a report from IRIS Business Services (India). On the direct tax front, the association expects an amendment / clarification to cover book profit on the sale of qualifying ships under section115VI (1)(i) by incorporating surplus on sale of qualifying ships. Moreover, it has appealed the removal of the tax on profit on the sale of ships, the statement said. Finally, it is demanding that shipping companies be exempt from the withholding tax on charter hire payments to foreign shipowners.
CIS hauls 2.1 billion tons of cargo by rail in 2006 COMMONWEALTH of Independent States (CIS) transported more than 2.1 billion tons of rail freight last year, 2.1 per cent higher than planned. According to an article in the Railway Market magazine, the total freight carried by CIS railways in 2006 represented an increase of 4.2 per cent, or 86.4 million tons more than in the previous year. The report said the transport of coal increased by 3.8 per cent; the transportation of oil, and oil products went up 3.3 per cent; cement soared 11.9 per cent; non-ferrous ore rose 9.2 per cent; iron ore jumped 8.7 per cent while there was a hike of 5.7 per cent in the number of containers moved by the railways. In Moldavia, loading increased by 17.7 per cent; in Georgia, traffic was up 15.3 per cent; in Kirghizia, by 13.6 per cent; in Azerbaijan by 14.9 per cent and in Kazakhstan, by 11.3 per cent. Average daily loading of containers increased to 5,708 units including 2,398 units of large capacity containers. The statistics show that the loading of containers increased overall by 1.8 per cent, while the loading of large capacity containers increased by 5.9 per cent.
Toll eyes Asia as key to becoming fully integrated operation AUSTRALIAN freight giant Toll Holdings sees itself becoming a fully integrated logistics firm through a series of Asian takeovers, according to Paul Little, managing director of the Melbourne-based road, rail, shipping and airline conglomerate. "A number of exciting growth opportunities are being pursued for acquisition-based growth with the Asian region. It is expected that these would add further scale and capability to our current activities," he said, adding that acquisitions would be focused on filling "the missing links" in Toll's plan to build a freight bridge between Australia and Asia. Mr Little, whose remarks were reported in Australia's Sunday Herald, said that his company would challenge Australian Air Express, the Qantas-Australia Post freight partnership. To this end, two Boeing 737 freighter aircraft had been bought to complement an existing arrangement where Toll's airfreight is carried in the bellyhold of Virgin Airline aircraft. The Asian takeover strategy and the decision to buy aircraft were revealed at yesterday's interim results announcement, where Toll reported a first half net profit of A$215 million (US$169 million), up 87 per cent on the corresponding period last year. The result was helped by A$273 million injected from Patrick Corp. and Singapore's Sembcorp Logistics which Toll acquired for a total of A$7.1 billion last May.
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