Shipping Terms




y

Yard

Fenced off, outdoor storage and repair area.

Yaw

Variation of the course of a ship to port or starboard caused by the action of waves or wind.

Yawl

A vessel's small boat moved by one oar. A small sailboat rigged fore-and-aft, with a short mizzenmast astern of the cockpit - distinguished from ketch.

Yield Bucket

The remaining slot capacity for a trade/voyage in a certain port of loading after deduction of the allowance for specific contracts.

Yield Management

The process of maximising the contribution of every slot, vessel, trade and network. Basically it should be seen as the process of allocating the right type of capacity to the right kind of customer at the right price as to maximise revenue or yield. The concept should be used in combination with load factor management.

York-Antwerp Rules

See General Average Act

NEWS
new perishables hub for latam's brazil ops latam cargo group has opened a perishables hub in guarulhos, brazil. eight new destinations for qatar in 2020 qatar airways has announced a raft of new destinations that will result in major network expansion for the carrier over the next 12 months. etihad brings in new cold chain partnerships etihad cargo has announced an extension of its cold chain global business partnerships by joining the exclusive cool chain association as well as pharma.aero. qatar launches osaka 777 freighter service qatar airways cargo has expanded of its cargo network in asia pacific with the launch of a twice weekly boeing 777 freighter service to osaka, japan effective 14th january 2020. airports call for ambitious reform of outdated eu slot allocation regime aci europe has set out its recommendations for a comprehensive overhaul of the eu airport slot regulation – calling for vital and overdue change in the way airport slot allocation is governed. sats wins riyadh cargo terminal concession sats ltd (sats), asia’s leading provider of food solutions and gateway services, has announced that its subsidiary, sats saudi arabia company, has won a 25-year cargo terminal concession in king khalid international airport (kkia) in riyadh, saudi arabia. explosives detector approved by us authorities an explosive detection system that can scan up to 2,500 parcels an hour has become the first of its kind to be approved by the us transportation security administration. saudia launches ground handling and logistics arm saudia launches ground handling and logistics arm airfreight slump lingers on airfreight demand declined 1.1% in november 2019, compared to the same period in 2018, according to figures released by the international air transport association (iata). swissport awarded five-year cargo contract with lufthansa group at brussels and liège airports swissport and lufthansa signed a 5-year contract for cargo handling at brussels and liège airports. the agreement covers brussels airlines, lufthansa and austrian airlines. british airways suspends dog travel via the cargo hold amid investigation british airways has temporarily suspended the transportation of dogs in the cargo hold of its aircraft. lashings - european shortsea and feeder lines challenge legality of dockers' clause extension european shortsea and feeder ship operators are challenging efforts by the international transport workers’ federation (itf) to redefine container lashing as a cargo handling activity in order to bring it under the control of unionised dockers kenya airways and tal aviation embark on new ventures kenya airways and tal aviation cargo divisions have signed an agreement, making it the first time tal aviation will be providing cargo and logistics services for the airline. new automatic spot rate system for lufthansa lufthansa cargo is expanding its digital sales channels with spot prices automatically generated in real time via the rapid rate response (rrr) mechanism and are displayed as directly bookable offers. delta welcomes cargo potential of new york-jfk – mumbai service delta air lines has started its first flight between new york jfk and mumbai. the service from new york jfk will be the only nonstop flight between the two cities. cosco terminals go live with n4 cosco subsidiary lianyungang new oriental international terminals has gone live with navis' n4 system, as part of cosco's larger globalisation strategy with the terminals it operates. kerry deepens mid east presence with bahrain and dubai kerry logistics is deepening its presence in the middle east by setting up a new office in bahrain and opening a new bonded logistics facility in dubai. raya airways implements cargo flash system it and business solution provider cargo flash has successfully implemented its next generation systems in a record time of just 2 months for raya airways which is a cargo airline having its head office in malaysia. delta set for first jfk-mumbai service delta air lines is gearing up to launch its first service between new york-jfk and mumbai, which will be the only nonstop flight between the two cities. delta set for first jfk-mumbai service delta air lines is gearing up to launch its first service between new york-jfk and mumbai, which will be the only nonstop flight between the two cities.