AIR cargo rates declines out of Shanghai have shown signs of stabilising over the last week, reports London's Air Cargo News
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Shanghai air cargo rate fall shows signs of slowing on TAC Index - Lufthansa starts reducing fleet, cutting jobs to pay back state aid
GERMAN flag carrier Lufthansa will cut 20 per cent of managerial positions and accept no more than 80 planes from its current order book to be able...
- IMF sees rebound in 2021, but with less bounce than it did before
THE International Monetary Fund (IMF), an inter-governmental international lender of last resort, recently downwardly revised its 3
- Ports need US$13 billion upgrade as shippers reshore from China
CONTAINER terminals in Southeast Asia may need to invest up to US$13 billion to keep pace with expected supply chain diversification from China,...
- Global Port Tracker reports lowest level US retail imports in years
MAJOR US container port volume is expected to be well below last year's levels as the impact of the Covid-19 pandemic continues, according to the...
- Fitch Ratings: Vietnam outperforms Asian frontier sovereign countries
VIETNAM is positioned to stand out among Asia's frontier and emerging markets this year in terms of its economic resilience and success in...
- Another peak season runs aground as ocean carriers extract capacity
OCEAN carriers are bracing for muted demand during the usual peak shipping season heading into the fall, with supply chains still rattled by the...
- WFS pharma volume increases after widespread facilities investment
PARIS-BASED groundhandler Worldwide Flight Services (WFS) has seen 'significant increases' in time- and temperature-sensitive volumes in the...
- Mundra overtakes Mumbai's JNPT as India's top container port
MUNDRA Port, India's biggest commercial port by volume and the flagship port of the Adani Group, edged past state-run Jawaharlal Nehru Port Trust...
- Emirates SkyCargo marks 30 years of Singapore operations
EMIRATES SkyCargo is celebrating 30 years of operations in Singapore during which it has facilitated trade and supported business links between...
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Major Gridlock Expected in Ship Repair YardsShip owners are expected to face huge delays and congestion in their attempts to book future retrofitting or ship repair projects in the various...
- HK's appetite for scallops satisfied by charter services from Japan
DHL Global Forwarding (GH) has launched a thrice-weekly charter service from Chitose in Japan to Hong Kong in order to serve scallop producers in the...
- IATA: Air cargo picked up in May, demand still weak
THE International Air Transport Association (IATA) reported air cargo volume fell 20
- Fewer late vessels in May, but degree of delays increasing: Sea-Intelligence
CONTAINER shipping consultancy Sea-Intelligence says container shipping schedule reliability improved by 5
- Container shipping faces continuing low demand and capacity withdrawal
ANALYST Sea-Intelligence says container shipping is expected to see current low demand levels persisting, consequently leading to high levels of...
- OOCL restores two transpacific sailings cancelled in June
HONG Kong's Orient Overseas Container Line (OOCL), now a Cosco unit, has restored two transpacific sailings that were cancelled on June 18
- MSC charters 11 vessels at discounted rates
MEDITERRANEAN Shipping Company, MSC, was quick off the mark to take advantage of the depressed charter market, agreeing to snap up eleven 8,000-8,800...
- Threat of US-Europe trade war sparks off more transatlantic blankings
2M partners Maersk and MSC have extended the suspension of their TA4/NEUATL4 transatlantic loop through to September
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Governments must protect trapped seafarers' human rightsAs the Covid-19 pandemic and the travel restrictions put in place to attempt containment drag on, around 200,000 merchant seafarers are trapped...
- Port of Savannah box volumes slip nearly 10pc in May due to Covid-19
CONTAINER throughput at the Port of Savannah's Garden City Terminal dropped 9