COSCO Ship Holdings and China International Marine Containers, both subsidiaries of the Cosco group, posted lower earnings for the first quarter of...
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Cosco Ship Holdings' net profit plunges 57pc in Q1 due to Covid-19 - Delta Air aims 50pc cut in daily cash burn by end-June
DELTA Air Lines Inc says it will reduce its daily cash burn by half by the end of June amid a collapse in travel demand
- EUROGATE Intermodal starts Bremerhaven to Frankfurt/Main rail service
EUROGATE Intermodal (EGIM) has launched a direct rail service between the container terminals Bremerhaven-Nordhafen and the inland terminal Deutsche...
- American Airlines boosts services to ship critical goods
AMERICAN Airlines is expanding its cargo-only operation this month to provide more than three million kilogrammes of capacity to transport critical...
- OOIL sails through Covid-19 with Q1 sales up 5.5pc and volume down slightly
ORIENT Overseas International Line (OOIL), the parent company of Orient Overseas Container Line (OOCL) and a subsidiary of Cosco, has announced that...
- Global container shipments set to fall 30pc in next few months
BURSTING import warehouses are putting pressure on ocean carriers to slow deliveries, which is expected to reduce container shipments 30 per cent in...
- China says pilot zones for cross-border e-commerce will revive trade
CHINA will build 46 new pilot zones for cross-border e-commerce around the country to help revive its pandemic-hit foreign trade, the State...
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Second World Ports COVID-19 survey: some ports seeing significant changes in storage utilization at ports with some overcrowded car terminalsResults show COVID-19 crisis has 35% of ports reporting an increase in utilisation of warehousing and distribution facilities in the last week for...
- Coronavirus prompts retailers to scrap US$1.5 billion of Bangladesh orders
EUROPEAN and American buyers including Primark, the budget fashion chain owned by Associated British Foods, have cancelled about US$1
- US airlines fear travel ban; Canadian carriers seek state aid
THERE is talk among airline analysts and industry experts that the US government may close all airspace to passenger carriers shortly, permitting...
- Virus impacting Scotland's salmon exports as air cargo supply shrinks
THE controls that have been imposed in various markets to mitigate the effects of the coronavirus have made it difficult for some of Scotland's...
- XPO to acquire Kuehne + Nagel's UK contract logistics unit
CONNECTICUT's XPO Logistics plans to acquire Kuehne + Nagel's UK contract logistics unit
- Full speed ahead for CMA CGM's upbeat boss, despite CEVA and debt woes
DESPITE slipping from third to fourth place in Alphaliner's ocean carrier rankings and carrying a debt load of US$18 billion against an annual...
- Singapore box volumes up 5.8pc in February to 2.9 million TEU
THE Port of Singapore reported a 5
- OOCL contracts for five 23,000-TEUers from Cosco's Nantong yards
HONG KONG's Orient Overseas Container Line (OOCL), now a Cosco unit, has signed newbuilding contracts with shipyards Nantong Cosco KHI Ship...
- US pork exports to China fall to lowest ebb: US Department of Agriculture
US export sales of pork to China hit their lowest on record in the week ended March 5 even as access to ports improved in the world's top...
- Chris Price to succeed Al-Saleh as CEO of Agility
MAJOR global logistics provider, Agility, has announced that CEO of its Global Integrated Logistics (GIL) business, Essa Al-Saleh, is to step down...
- Cargolux celebrates golden jubilee
CARGOLUX is celebrating 50 years of operations which, since its establishment in 1970, have seen it expand to become one of the leading freight-only...
- South Africa pours US$1.1b into insolvent South Africa Airways as bailout
SOUTH AFRICA has doubled the level of funding for its national airline to ZAR16
- Alstom to acquire rail unit of Bombardier for up to US$6.7b
FRENCH train maker Alstom SA agreed to buy the rail unit of Bombardier Inc