CANADIAN Pacific and OMERS, the defined benefit pension plan for municipal employees in the province of Ontario, have entered into a purchase...
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CP to pay US$312 for full ownership of the Detroit River Rail Tunnel - United Airlines posts US$1.8b Q3 loss as revenue plunges 78pc
UNITED Airlines has reported a US$1
- Cathay Pacific axes 8,500 jobs and shuts down Cathay Dragon
HONG Kong's flag carrier Cathay Pacific has confirmed that it will cut 8,500 jobs across the entire group, including 5,300 local staff and 600...
- 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
- China Eastern modifies bellyhold cargo deal with China Cargo
CHINA Eastern Airlines has modified its bellyhold freight business deal with sister carrier China Cargo Airlines, reports London's Air Cargo News
- Seafarers stranded by virus cause big increase in labour costs
SHIPOWNERS are facing rising labour costs as Covid restrictions continue to limit the movement of seafarers, reports Bloomberg News
- ONE to levy US$3/TEU sulphur fuel surcharge in Korean waters
JAPANESE owned but Singapore based Ocean Network Express (ONE) will implement a sulphur fuel surcharge November 1 for the new South Korean Emission...
- Maersk levies LA-LB congestion charge in peak season assessment
MAERSK is to levy an LA-Long Beach Port Congestion Fee to recover costs from a surge of import volumes and their impact on processing capacity...
- Suez container traffic falls 15pc on Covid despite discounts
COVID-19 has resulted in a 15 per cent plunge in container traffic through the Suez Canal, reports Rome's ANSA (Agenzia Nazionale Stampa...
- FMC told it has no authority to deal with ATA's chassis complaint
THE US Federal Maritime Commission (FMC) has been told by container lines that it has no authority to adjudicate an American Trucking Associations...
- Electric carmaker Tesla sues to block US tariffs on China imports
US ELECTRIC carmaker Tesla is suing to block the Trump Administration from collecting tariffs on parts the company imports from China, reported...
- Annual peak air cargo season at full tilt all the way to Christmas
THE peak season is in full swing for international air freight when shippers pay more for less, reports New York's FreightWaves
- ICS to UN: Governments needed to end crew change crisis
THE International Chamber Shipping (ICS) has warned the UN that the failure to allow 800,000 seafarers leave their ships where they have been...
- HMM commissions 12th and final giant box ship deployed on Asia-N Europe trade
SOUTH Korean shipping giant HMM announced that it has completed the commissioning of its twelfth and final giant box ship, the 24,000 TEU HMM St...
- HMM commissions 12th and final giant box ship depoyed on Asia-N Europe trade
SOUTH Korean shipping giant HMM announced that it has completed the commissioning of its twelfth and final giant box ship, the 24,000 TEU HMM St...
- T S Lines H1 profits soar 50pc on rising rates, increased volumes and falling costs
TAIWANESE vessel operator T S Lines announced that net profits for the first half of 2020 surged 50 per cent year on year to TWD1
- CMA CGM imposes US$150/TEU congestion charge on Felixstowe
FRENCH shipping giant CMA CGM is to levy a US$150 per TEU port congestion surcharge from October 1 on all Asian containers imported or exported...
- Freight forwarders up in arms over Port of Felixstowe's congestion
THE Port of Felixstowe is facing severe congestion at the facility due to an increase in container volumes in the rush to beat China's Golden...
- DHL Express announces 2021 rate hike of 5pc for Hong Kong and Macau
MAJOR international express service provider DHL Express has announced an average price increase of 4
- Amazon expands air fleet, narrowing gap with UPS and FedEx
AMERICAN e-commerce giant Amazon has rapidly increased its air cargo business in recent months while the airline industry may be reeling from the...