Banks to shun shipping post-Covid: banking and maritime industry veteran

FOR all the talk that shipping will escape 2020 as one of very few industries to have had an improved year financially, 'do not expect banks to...

CMA CGM Ural breaks another record at Port of Melbourne's VICT

THE ANL operated CMA CGM Ural with a nominal capacity of 10,622 TEU has broken another record at the Port of Melbourne with the highest TEU exchange...

Blackout causes CMA CGM vessel's grounding in Suez Canal

FRENCH shipping giant's CMA CGM's 9,200 TEU vessel Missouri grounded in the Suez Canal on last week following a blackout that caused the crew...

China's Q3 GDP grows 4.9pc, economy gains more momentum

CHINA's economic recovery gathered pace in the third quarter as consumers returned to malls and major trading partners reopened for business,...

Trump contemplates adding China's Ant Group to trade blacklist: report

THE United States Department of State has submitted a proposal for the administration of US President Donald Trump to add China's Ant Group to a...

Emirates SkyCargo reaches milestone of 15 years of operations in Vietnam

EMIRATES SkyCargo has marked 15 years of airfreight operations in Vietnam, during which time it 'has helped to facilitate trade between the...

Boeing plans a quiet comeback for 737 Max as grounding nears end

BOEING Co is planning a comeback for the 737 Max, the grounded jetliner that has spent almost two years in controversy and tragedy after two fatal...

Hapag-Lloyd's CE warns of longer-term Covid-19 impact on global economy

GERMAN container shipping firm Hapag-Lloyd is benefitting from a rebound in transport demand but its chief executive, Rolf Habben Jansen, warned...

Maersk revises upwards full-year financial forecast

DANISH shipping giant AP Moller-Maersk A/S has raised its full-year guidance amid a surprise recovery in demand and sweeping efforts to cut costs

Regulators hold up Vancouver terminal decision on environmental issues

SUPPORTERS of a new Vancouver container terminal have received extra time to address what a government review deemed a 'significant''...

China tops world trade recovery, says UK think-tank

CHINA has become the first major economy to spring back to its feet with its exports currently being higher than ever, according to a research...

China: US bans on WeChat and TikTok in violation of WTO rules

BEIJING told a closed-door meeting of World Trade Organisation that US attempts to ban WeChat and TikTok are violations of WTO rules, reports...

Insolvent South African Airways suspends operations

OPERATIONS of South African Airways (S) were immediately suspended last week by administrators in charge of the struggling airline, reports...

Malaysia Airlines in talks with creditors in urgent restructuring

MALAYSIA Airlines has reached out to lessors, creditors and key suppliers as part of its 'urgent' restructuring exercise as it sees little...

Westport 2's transshipments based on sound capacity expansion

MALAYSIA's Westport 2 expansion plan is expected to increase the por's capacity by 50 per cent to 28 million TEU per annum by 2040, say...

CEVA expands in Thailand with new station at Laem Chabang

IN a move to boost its ocean freight management capabilities in Asia, CEVA Logistics in Thailand has set up a new ocean branch in Laem Chabang, the...

China restricts frozen food imports from high-risk Covid nations

BEIJING is urging Chinese companies to stop importing frozen food from countries severely hit by the Covid crisis as fears mount over virus...

China adds three areas to its expanding list of free trade zones

CHINA has decided to set up three new free trade zones (FTZs) as part of efforts to attract foreign investment and boost trade, reports Caixin

Arctic Sea Ice Loss: World Leaders Must Arrest Arctic Climate Change Impacts!

Reacting to news of the Arctic summer sea ice minimum reaching its second lowest extent in the 42-year satellite record on September 15, and to...

Cargolux adds service to Shenzhen to boost China footprint

LUXEMBOURG cargo airline Cargolux has added Shenzhen to its network as it looks to strengthen its presence in China