NEWS
Qatar Airways signs up for green jet fuel with Shell
Qatar Airways has signed a deal with Shell for 3,000 tonnes of neat (undiluted) Sustainable Aviation Fuel (SAF) at air cargo hub Amsterdam Schiphol Airport. The deal falls under the airline’s existing jet fuel contract at the airport, but will [...]
Air Mauritius signs worldwide deal with Champ Cargosystems
Air Mauritius has extended its relationship with airfreight IT firm Champ Cargosystems to a worldwide contract, including the EU, as it prepares to adopt the latter’s new ICS2 (Import Control System 2) regulation. Founded in 1967, Air Mauritius links the [...]
Tower Sections for Vineyard Wind I Offshore Wind Project Arrive in U.S.
Spanish renewable energy company Iberdrola said this week it was making progress in the construction of Vineyard Wind I, the largest commercial-scale offshore wind farm in the United States, with the receipt of the first shipment of components for the [...]
Kongsberg Digital Secures $90 Million Investment from Shell Ventures and Idékapital
Shell Ventures and Idékapital have invested $90 million in Kongsberg Digital, a business area within Norway's KONGSBERG.The funding and new investors will support and accelerate the future growth and development of Kongsberg Digital. The investment values Kongsberg Digital at $540 [...]
Incheon Airport Community scores a world first with IATA certification
The Incheon International Airport Community has become the world’s first of its kind to receive Center of Excellence for Independent Validators (CEIV) Lithium Batteries (Li-Batt) certification from the International Air Transport Association (IATA). This adds to to the airport’s IATA [...]
WFS opens air cargo terminal in India
Worldwide Flight Services (WFS) has opened an air cargo terminal and cold chain facility at Kempegowda International Airport, Bengaluru (BLR) in India. The cargo handler was awarded the 15-year licence to operate the international cargo terminal and cold chain facility [...]
Mediterranean Boat Carrying 500 Migrants has Disappeared, Rescuers Say
A boat carrying about 500 migrants, including a newborn baby and pregnant women, has disappeared in the central Mediterranean, two charities said on Friday. Alarm Phone, a group that picks up calls from migrant vessels in distress, said it lost [...]
Bolloré positive on CEVA takeover bid to create new logistics giant
The Bolloré Logistics name will disappear as its operations are brought under the CEVA Logistics brand, if CMA CGM Group’s bid to acquire the family-owned business receives regulatory approval, said Henri Le Gouis, Bolloré Logistics chief executive Europe. He told [...]
US Builder ReconCraft to Produce Special Forces Boats for Norway
U.S. boatbuilder ReconCraft has been awarded a contract to build for two Combatant Craft Medium vessels for Norway, the Pentagon announced.The $22,070,151 firm-fixed-price contract contract includes options which, if exercised, would bring the cumulative value of this contract to $30,950,521. [...]
World’s Largest Cruise Ship Taking Shape in Finland
Royal Caribbean's Icon of the Seas—the world's largest cruise ship—is taking shape at the Meyer Turku shipyard in Finland.The 250,800 GT vessel, the first in Royal Caribbean's new Icon-class, has been under construction since June 2022. The fully assembled ship [...]
Nippon Express acquisition of cargo-partner is confirmed
Austrian logistics provider cargo-partner will be sold to Japanese global logistics services company Nippon Express, the companies have confirmed after speculation dating back to last year. Cargo-partner company owner and founder Stefan Krauter, who had already passed on control of [...]
Noise Mitigation: Bubble Curtain to Be Deployed During Construction of U.S. Largest Offshore Wind Project
U.S. offshore wind farm developer Vineyard Wind will deploy and test a secondary bubble curtain noise mitigation system during foundation installation at the Vineyard Wind offshore wind farm, the first commercial-scale wind farm installation project in the U.S. For this [...]
Spanish Warship Set for Propulsion Refit
ABB said it has secured a contract with the Spanish state-owned Navantia shipbuilding company to retrofit the Spanish Navy flagship Juan Carlos I with an electrical propulsion system based on dual ABB Azipod units. Due completion in 2025, the project [...]
Levelling up the gender gap in logistics
DG International head of airfreight Laura Odell started in the industry by chance but has since established a longstanding career. If there is one piece of advice UK-based DG International’s female head of airfreight would give to others climbing the [...]
Airfreight rates slide in April
Airfreight rates on major east-west trade lanes declined in April as indicators of a recovery in March showed signs of fading (see chart below). The latest statistics from Baltic Exchange Airfreight Index (BAI) show declines in prices between Asia and [...]
Kenya Airways Cargo achieves CEIV Pharma
Kenya Airways Cargo has been awarded IATA’s CEIV Pharma certification for its KQ Pharma Facility as it targets the healthcare market. The certification means that Kenya Airways’ pharma facility complies with IATA Temperature Control Regulations and “adheres to international standards [...]
IAG Cargo sees cargo revenues decline despite demand increase
IAG Cargo registered a decline in its cargo revenues in the first quarter of the year despite seeing demand decrease. The cargo business, which includes British Airways, Iberia and Aer Lingus, registered a 25.2% year-on-year decrease in first-quarter air cargo [...]
Senators Urge Biden to Enable Agency to Seize Tankers of Iran Oil
As Iran's oil exports rise despite U.S. sanctions over its nuclear program, senators from both parties urged President Joe Biden to enable a federal government agency to seize Iranian oil and gas shipments.Senators Joni Ernst, a Republican, and Richard Blumenthal, [...]
Swedavia looks for cargo development partners at Arlanda
Airport operator Swedavia is looking for companies to partner on the development of logistics facilities at Stockholm Arlanda Airport. The airport is currently developing a 144,400 sq m Cargo City around 1 km from Arlanda that it said would become [...]
High tension over batteries
As the number of lithium batteries in use continues to surge, the risks involved in transporting them by air are of growing concern. But there are moves afoot to address the issues. One of the biggest safety concerns facing the [...]
Air Canada Cargo starts freighter operations to Basel
Air Canada Cargo has begun freighter operations to Basel, Switzerland to tap into the area’s pharmaceutical business. The previously announced freighter route to Basel will be served by twice-weekly flights using Air Canada Cargo’s Boeing 767 freighters. The flights will [...]
US air cargo firm fined for failing to screen for explosives
A Texas-based air cargo security company has been ordered to pay a hefty penalty after admitting it failed to comply with regulations regarding proper screening of cargo through George Bush Intercontinental Airport (IAH) in Houston, Texas. Air Cargo Screening & [...]
Groundforce Portugal to upgrade to Hermes SaaS
Hermes Logistics Technologies (HLT) is to upgrade long-term customer Groundforce Portugal to its latest cloud-based Hermes 5 Software as a Service (SaaS) cargo management system. Switching to Hermes SaaS will being major enhancements in terms of security and increasing the [...]
CMA CGM Air Cargo launches new Paris-Guangzhou air cargo route
CMA CGM Air Cargo has carried out the maiden flight for a new air cargo route between Paris, France and Guangzhou, China. On Tuesday April 11, a CMA CGM Air Cargo freighter flew from Paris Charles de Gaulle Airport to [...]
World’s Largest FSRU Arrives in Hong Kong
The world's largest floating storage and regasification unit (FSRU) has arrived in Hong Kong to serve the city's first liquefied natural gas (LNG) import terminal, said CLP Power Hong Kong Ltd and Hong Kong Electric Co. Ltd.The FSRU arrived on [...]
Global demand for oil tankers grows at record pace
According to the analytical agency Kpler, the average total volume of oil and oil products on board ships now exceeds 200 million barrels. The world is witnessing a boom in the construction of tankers to transport oil and oil products, [...]
Nord Stream Pipeline Blasts Probe Continues, but Culprits Difficult to Determine
It will likely be difficult to determine who blew up the Nord Stream pipelines connecting Russia and Germany in the Baltic Sea last year, Sweden's prosecution authority, which is investigating the incident, said on Thursday. The Sept. 26 explosions at [...]
Air cargo stabilises but there are risks ahead
Recent airfreight rate data appears to show that the air cargo market may have reached a new normal but the outlook remains cloudy. Writing in his monthly column for the Baltic Exchange Airfreight newsletter, Bruce Chan, director and senior research [...]
Western Restrictions on Russian Oil Reshuffle Global Shipping Patterns
Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns. As a result of the European Union ban [...]
Lufthansa Cargo’s Ashwin Bhat to be new chief executive
Lufthansa Cargo has selected chief commercial officer Ashwin Bhat to be its new chief executive. He is due to take up the chief executive position on April 15, and in his new role he will will continue to be responsible [...]
UK’s logistics sector positive on Trans-Pacific Partnership trade deal
The UK’s freight and logistics sector has welcomed news that the UK has joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade deal although they say it won’t be a “game changer”. The CPTPP covers 500m people across [...]
US Transfers Three Patrol Ships to the Egyptian Navy
The United States has transferred three U.S. Navy patrol craft to the Egyptian Navy in an effort to help boost regional maritime security.During a formal ceremony in Alexandria, Egypt on March 21, U.S. Naval Forces Central Command (NAVCENT) turned over [...]
First LNG Bunker Ship Launched in China for Fratelli Cosulich Group
Alice Cosulich, the first of two Small Scale & Bunker Vessels for Fratelli Cosulich Group was recently christened and luanced at the CIMC SOE shipyard in China.Giulia Cosulich, ESG Corporate Director at Fratelli Cosulich Group, acted as the godmother of [...]
Abandoned Tug Sinks Near Seattle
A derelict tugboat began taking on water and sank Monday morning in Salmon Bay near Ballard in Seattle.The vessel, which had been abandoned for a number of years, was moored at a dock just east of the Hiram M. Chittenden [...]
Forwarder Rhenus targets UK perishables market
Freight forwarder Rhenus Air & Ocean has launched a dedicated perishables division in the UK. The Rhenus Fresh department in the UK will offer time-critical, temperature-controlled services for the transportation of chilled and frozen produce. The business will work with [...]
What’s happening to oil prices
Global oil prices have been rising slowly but steadily recently. Analysts attribute this mainly to optimism that the lifting of tight restrictions in China will lead to a recovery in fuel demand in the world's biggest oil importer, writes Reuters. [...]
Norway’s Loke Buys UK Deep-sea Mining Firm from Lockheed
Norway's Loke Marine Minerals has acquired deep-sea mining firm UK Seabed Resources (UKSR) from Lockheed Martin, the companies said on Thursday.UKSR holds a 100% interest in two deep sea mineral licences in the Clarion-Clipperton Zone (CCZ) in the Pacific Ocean, [...]
Tokyo Narita Airport set for air cargo logistics facilities development
Tokyo Narita International Airport is set for major investment with a new project to develop air cargo logistics facilities. Commercial property company Goodman Group will partner with Tako Town, in close collaboration with Narita International Airport Corporation (NAA) and Chiba [...]
FedEx raises expectation as cost cutting continues
FedEx saw fiscal third-quarter revenues and profits fall on last year but the company beat expectations and has raised its outlook as its cost-cutting measures continue. For the quarter ending February 28, the parcels giant reported a 5.9% year-on-year revenue […]
Raindo United Services plans Asia freighter services
Indonesia-based Raindo United Services plans to launch domestic and international freighter services in July this year, using two leased B737-800 Boeing Converted Freighters (BCF) each with a capacity of 23 tons. The digital start-up cargo airline will serve Jakarta, Medan, Balikpapan, Medan, Makassar and Surabaya on its [...]
Lufthansa Cargo reports third year of record revenues
Lufthansa Cargo reported record revenues and operating profits last year despite volumes being flat on 2021 levels. Lufthansa’s logistics division, which includes Lufthansa Cargo, Jettainer, time:matters, HeyWorld and a 50% stake in AeroLogic, last year saw revenues increase by 22% [...]
Italy Urges ‘Stop’ to Migrant Boats as Shipwreck Death Toll Hits 63
Rescuers recovered four more bodies on Monday, a day after a wooden sailboat carrying migrants to Europe smashed onto rocks in stormy weather off southern Italy, bringing the death toll to 63, including at least 14 children. Rescuers said most [...]
IAG Cargo adds Heathrow to Amsterdam freighter capacity
IAG Cargo increased its widebody cargo capacity from London Heathrow to Amsterdam from once to twice a week from February 15. “The additional day three service will be operated by A330F aircraft with the capacity to transport more than 60 [...]
Help Wanted: Build a New Industry
When Atlantic offshore wind (OSW) projects move into high gear they will kick-start a series of impacts affecting almost the entire East Coast economy, from logistics to transportation to utility projects and, of course, just about every aspect of port [...]
Emissions Winners, Losers on Far East to U.S. West Coast Trade
Xeneta returns this week with a second ranking of carrier carbon emissions, this time focused on the Far East to U.S. West Coast Trade."Why are we doing this? We want to shine a light on the importance of green shipping [...]
IAG Cargo sees volumes grow in 2022 despite revenue drop off
IAG Cargo saw its cargo revenues decline last year despite a slight pick up in volumes as bellyhold operations returned following the Covid pandemic. The cargo division, which offers capacity on British Airways, Iberia and Aer Lingus, saw cargo revenues [...]
Virgin Atlantic Cargo takes aim at online booking with new system
Virgin Atlantic Cargo has rolled out software firm Accelya’s FLX Cargo Platform ahead of a push towards online booking services. FLX will power the airline’s enterprise-wide cargo management platform, Voyager, as it looks to offer a “multi-distribution strategy, which includes [...]
Cyprus Rallies EU Partners to Get Shipping Sector Support
Cyprus is speaking to other European Union member states to shore up support for the shipping industry hit by sanctions on Russia, its shipping minister said on Friday. Cyprus has the third-largest shipping fleet in the EU after Malta and [...]
DHL Express to offer SAF service for shipments
DHL Express has launched a new service that will allow customers to reduce carbon emissions associated with their shipments through the use of Sustainable Aviation Fuel (SAF). The GoGreen Plus service allows customers to tailor the CO2e reduction they want [...]
PortMiami to Get World’s Largest Shore Power System
The world's top passenger port is installing a network shore power systems for cruise ships that, once completed, will be the largest of its kind globally.PowerCon said it has been tapped as a subcontractor to deliver five systems that will [...]
German airport strikes have “massive consequences” for cargo operations
Strikes taking place today at many of Germany’s airports will have “massive consequences” for air cargo and lead to “significant challenges” for humanitarian aid flights, according to the Barig airline association. Public sector workers and ground handlers at seven airports […]
Shipping industry forecasts for 2023
According to Lloyd's List analysts, who recently presented the development of the shipping segment in 2023, the long-term consequences of geopolitical, energy and economic shocks are difficult to predict, but the shipping segment at least has a positive outlook. The [...]
Logistics UK grows its board
Logistics UK has strengthened its board with the appointment of three new directors. Louisa Hosegood, Simon Hobbs and Gavin Murdoch have joined the organisation’s board to help guide the business as it continues to lead the logistics industry in its […]
CargoAi highlights benefits of strategic investors over venture capital
Strategic investors allow companies to adopt a more long-term outlook than venture capital (VC) which can encourage short-term thinking, according to online booking portal CargoAi. The portal last year secured investment from CargoTech, an investment company backed by the ECS […]
Lufthansa Cargo offers temperature tracking for perishables
Lufthansa Cargo has launched a new service that provides real-time tracking of the location and temperature of perishable products. The new service is launched in cooperation with Sensitech and Lobster Logistics Cloud and utilises sensors and GPS technology to monitor […]
Amazon and DHL scale back ATSG freighter operations
Amazon and DHL are expected to scale back US freighter operations with lessor Air Transport Services Group (ATSG). In a fleet outlook on February 6, ATSG said it expects to: “Operate 767 freighters dedicated to principal customers DHL and Amazon […]
Holland-Kaye to leave Heathrow
John Holland-Kaye has informed the Heathrow Airport board of his intention to stand down as the gateway operator’s chief executive this year. He has been at the helm for nine years. In a statement, the board said that it would […]
Ukraine ’23/24 Grain Crop Likely Down 35-40 Million Tons
Ukraine's grain harvest is likely to fall to 35 to 40 million tonnes in 2023, including 12-15 million tonnes of wheat and 15-17 million tonnes of corn, a senior analyst and producer said on Monday. Alex Lissitsa, CEO of the [...]
Boeing delivers last ever Boeing 747 to Atlas
Boeing is delivering its last ever B747 to cargo airline Atlas Air today. The final airplane, a B747-8 freighter, is the 1,574th manufactured during 55 years of production. Boeing said in a press release on January 24: “Thousands of people [...]
Putin Bans Exporting Russian Oil to Countries Implementing Price Caps
President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that abide by the cap. [...]
Port of New York and New Jersey Remains US’ Top Container Port
The Port of New York and New Jersey has held onto the title as the United States’ busiest container port for a fourth consecutive month. In recent months, U.S. East Coast ports have reported elevated container volumes as trade diverts [...]
When Fishing Boats Go Dark, They’re Often Committing Crimes
In January 2019, the Korean-flagged fishing vessel Oyang 77 sailed south toward international waters off Argentina. The vessel had a known history of nefarious activities, including underreporting its catch and illegally dumping low-value fish to make room in its hold [...]
Ship Recycling Endures a Turbulent 2022
Like much of the world, one word adequately describes the ship recycling market in 2022: turbulent. According to GMS, prices reached decade long peaks above $700/LDT in the first quarter of the year before crashing back down by about $200/LDT, [...]
Italy’s LNG Import Capacity and New Terminals
Italy plans to boost its liquefied natural gas (LNG) import capacity to 27 billion cubic metres (bcm) from nearly 17 bcm currently as it seeks to completely replace Russian gas supplies following Moscow's invasion of Ukraine. In 2021, Moscow provided [...]
Dry Bulk: Capesizes Rates Top Five-month High
The Baltic Exchange's dry bulk sea freight index rose on Wednesday, as a jump in capesize segment to its highest since mid-July offsets a decline in rates for smaller vessel segments. The overall index, which factors in rates for capesize, [...]
Wärtsilä’s Hybrid Propulsion System for Four New Heavy Lift Vessels
Finland-based marine engine and technology provider Wärtsilä will supply its hybrid propulsion system for four new heavy lift vessels being built at the Wuhu Shipyard in China. The ships are set to be delivered in 2025, and they will mostly [...]
Africa’s Ports Race Creates Pathways for Plunder
Ports have long been integral to Africa’s connectivity with the rest of the world. Yet over the last 15 years, a new stage in maritime infrastructure planning and development has begun. Between 2004 and 2019, over US$50 billion was spent [...]
Baltic Dry Index Logs Best Week in 12
The Baltic Exchange's dry bulk sea freight index rose on Friday and posted its biggest weekly percentage gain since late-September, buoyed by strong demand for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping [...]
Ukraine Grain Deal Unlikely to Include New Ports in Near Term
United Nations aid chief Martin Griffiths said on Thursday it was unlikely the Black Sea grain deal would be expanded in the near term to include more Ukrainian ports or reduce inspection times. Kyiv has called for an expansion of [...]
Singapore Bunker Sales Hit 22-month High
Marine fuel sales at Singapore jumped to a 22-month high in November, latest official data showed on Tueday, as lower prices lifted buying interest at the world's largest bunkering hub. November bunker sales totalled 4.37 million tonnes, climbing 3% month-on-month [...]
Smart Sanctions: West Targets P&I Clubs to Limit Russian Shipping
The European Union and the United States are now targeting maritime protection and indemnity (P&I) insurance clubs to limit Russian shipping capacity and cap the price of its oil, meaning we’re finally beginning to see some smart sanctions for a [...]
Waiting for cheap fuel
Attempts to limit offering Russian oil for consumption within the framework of sanctions imposed by the Western countries and their allies, most likely, will not end up with fulfilment of hopes of Russia and its sympathizers concerning rise in the [...]
Shipping Must Accelerate Its Decarbonization Efforts, and Now It Has the Opportunity to Do So
Member states of the International Maritime Organisation (IMO), the UN agency that regulates international maritime affairs, are meeting on December 5-16 to discuss how to accelerate the industry’s climate mitigation efforts. An initial strategy – agreed in 2018, when the [...]
Inside the Chinese Port Deal that Divided the German Government
The German government has become divided over a deal, agreed last month, which saw Chinese conglomerate Cosco invest in the Port of Hamburg. The deal had been in the works since September 2021 and was championed by the chancellor (and [...]
Shell’s 34,000t North Sea-bound Penguins FPSO Leaves Chinese Shipyard
Shell's Penguins FPSO has set sail from China loaded aboard Boskalis' White Marlin semi-submersible heavy transportation vessel. In a social media post on Thursday, Boskalis said: "Boskalis’ semi-submersible transport vessel White Marlin departed from Qingdao, China with an impressive cargo; [...]
Western Officials in Talks with Turkey Over Oil Tanker Delays
Western officials are in talks with Turkish counterparts to resolve oil tanker queues off Turkey, a British Treasury official said, after the G7 and European Union rolled out new restrictions on Dec. 5 aimed at Russian oil exports. "The UK, [...]
Russia Concerned Over Oil Tankers Build-up in Bosphorus
Russia is concerned about a build-up of oil tankers in the Bosphorus Strait and is discussing the issue with insurance and transport companies, RIA cited Russian deputy foreign minister Alexander Grushko as saying on Wednesday. At least 20 oil tankers [...]
Ship Recycling: No Impetus
Recycling markets are ambling towards the end of the year without any real impetus, ability, aggression, or even an apparent willingness to engage in discussions to buy, so volatile has the situation been over the last two quarters. Prices have [...]Russian Oil Sanctions fuel Demand for Old tankers
The market for old oil tankers is booming, and it's all down to efforts by Western nations to curb trade in Russian crude. As Western shipping and maritime services firms steer clear of Russian oil to avoid falling foul of sanctions or [...]
French Grain Exports from Dunkirk Port at 10-year High
Nord Cereales, which runs France's third largest grain export silo at Dunkirk port, has shipped its biggest volume in over 10 years for the first five months of the season, it said on Friday, illustrating a fast pace of French [...]
Venezuelan Oil Exports Flow Using False Documents, Ships Linked to Iran
When the supertanker Young Yong sailed to the Chinese port of Qingdao in September last year, it had quality certificates for its cargo stating it was transporting Malaysian crude oil, according to the documents reviewed by Reuters. But satellite images [...]
Police Step Up Security Around Adani Port in India’s Kerala after Clashes
Police in southern India on Tuesday ramped up security around the $900 million transhipment port being built by billionaire Gautam Adani's conglomerate after scores of people were injured in clashes with protesters from a Christian fishing community. Construction at the [...]
New Ship Technology Will Produce Hydrogen on Board from LNG
The technology group Wärtsilä has entered into a joint development agreement with Hycamite TCD Technologies, a privately-owned Finnish company specializing in the development of a technology for producing clean hydrogen and solid carbon from methane. The two companies will work [...]
New coal shipping routes surprise. Delivery of African coal to Poland provided also via Riga
Decisions made by the Member States and several other rich countries consuming large amounts of energy for industrial and human comfort purposes to waive Russian coal have resulted in previously unimagined coal shipping routes and unplanned price range. For [...]
Woodside Energy Delivers LNG from Australia’s North West Shelf to Europe
Australian oil and gas company Woodside Energy said Monday it had delivered an LNG cargo to Europe on board the Woodside Rees Withers LNG carrier from Australia’s North West Shelf. The cargo of approximately 75,000 tonnes of LNG (100 million [...]
Reach Subsea to Add Two ROV Support Vessels to Its Fleet
Norwegian subsea services company Reach Subsea said Thursday it had struck a deal to expand its operating fleet with two ROV support vessels. The company said it had secured "significant vessel capacity for the coming four years" through a deal [...]
Baltic Dry Index Snaps Nine-day Losing Streak
The Baltic Exchange's dry bulk sea freight index rose on Wednesday for the first time in ten sessions, helped by an uptick in capesize rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying [...]
Britain Says Drone Circles Vessel in Gulf of Oman
Britain's maritime agency said a drone circled a ship in the Gulf of Oman on Friday, three days after an Iranian-made drone attacked a tanker in the region. The Maritime Trade Operations (UKMTO), which is part of the Royal Navy, [...]
Fujairah Bunker Sales Slide 2% in October
Marine fuel sales at the United Arab Emirates' Fujairah, the world's third-largest bunkering hub, slid 2% month-on-month in October as demand slowed. Total sales volumes at Fujairah, excluding lubricants, were at 655,126 cubic metres (about 627,000 tonnes) in October, showed [...]
Black Sea Grain Export Deal Extended
A deal aimed at easing global food shortages by facilitating Ukraine's agricultural exports from its southern Black Sea ports was extended for 120 days on Thursday, though Moscow said its own demands were yet to be fully addressed. The agreement, [...]
Nigeria to Build its First FLNG Unit
Nigerian company UTM Offshore has signed a front-end engineering design (FEED) contract for the development of an FLNG facility in Nigeria with JGC Corporation, Technip Energies, and KBR. This will be Nigeria's first floating liquefied natural gas (FLNG) facility. Africa currently has [...]Germany Completes Construction of Floating LNG Terminal
Germany on Tuesday completed construction of its first floating terminal for liquefied natural gas (LNG) at the North Sea port of Wilhelmshaven as it scrambles to secure more LNG and move away from Russian pipeline gas. "The new LNG landing [...]
ABS Examines Alternative Fuels in Reports for EMSA
An ABS-led consortium, including CE Delft and Arcsilea, published two of up to six reports studying alternative fuels and decarbonization technologies for the European Maritime Safety Agency (EMSA). ABS offered a 360-degree view of biofuels and ammonia, the first two [...]
MPC Container Ships Taps zero44 for CO2 Management Tools
Berlin-based zero44 signed a partnership with MPC Container Ships, which will use zero44's digital CO2 management solution for its fleet. Spun off by company builder Flagship Founders in May 2022, zero44 has developed a CO2 management software for commercial vessels. [...]
Sri Lanka Starts Construction of $700M Port Project
Sri Lanka's largest port began on Wednesday construction of a $700 million terminal project, partly funded by India's Adani Group, an official said, marking the first foray by an Indian company into the sector. India has this year provided the [...]
Analysis: Meltdown in the Container Shipping Sector Gains Speed
Facing global economic headwinds, the volume of containerized cargo movement continues to plummet, Peter Sand, Chief Analyst, Xeneta, summarizes: “It is clear that the carriers are no longer in charge, the shippers are.” Peter, it seems like the news in [...]
Australian Mining Magnate Calls for Ban on Seabed Mining
Fortescue Metals executive chairman Andrew Forrest on Tuesday said his charitable foundation is in favor of a pause on seabed mining, the first time a prominent mining executive has spoken out against the nascent industry. Forrest said the Minderoo Foundation, [...]
Busan, Pacific Northwest Seaports Partner on Decarbonization
The Northwest Seaport Alliance announced its newest decarbonization effort as part of the Green Shipping Challenge at the 27th Conference of the Parties (COP 27) to the United Nations Framework Convention on Climate Change held in the Egyptian city of [...]
Navy: Swedish Combat Boat 90, both a Warrior and a Workhorse
The Swedish-built Combat Boat 90 (CB 90) has established itself with military forces around the world as both a warrior and a workhorse. The 52-foot boats first entered service in 1991 as troop carriers with the Swedish Marines, which is [...]
Maersk to Produce E-methanol in Spain for Its Cargo Ship Fleet
Shipping giant Maersk plans to produce up to two million tonnes of e-methanol a year in Spain by 2030 to supply its fleet of cargo ships and reduce its carbon footprint, the Spanish government said on Thursday. The project will [...]
German Navy Helping Norway Protect Offshore Oil Rigs, Pipelines
The German navy is helping Norway to protect critical maritime infrastructure such as oil rigs, undersea cables, and pipelines, and is ready to do the same off the Danish and Swedish coasts, its head said on Thursday. Bordering Russia in [...]
China Says U.S. has ‘No right’ to Interfere in Hamburg Port Deal
The U.S has "no right" to interfere in Chinese cooperation with Germany, China's foreign ministry said Thursday, after Washington cautioned against Beijing getting a controlling stake in Hamburg's port terminal. U.S. interference is symptomatic of its practice of coercive diplomacy, [...]
‘Carbon Free’ Platfom Supply Vessel Firm Launched in Norway
Norway-based company Amon Maritime has launched Amon Offshore - a new company focused on the offshore oil and gas market – with plans to operate carbon-free platform supply vessels. The ship has already received approval in principle from DNV and [...]
Container Rates: Calm Before the Storm?
Stubborn long-term container rates refuse to follow in footsteps of huge spot declines, but change is coming - Xeneta With dramatic spot rate falls, a non-existent peak season, and easing port congestion freeing up capacity, the scene was set in [...]
What is Known About the Drone Attack on Crimea?
Russia suspended participation in the U.N.-brokered Black Sea grain deal after what it said was a Ukrainian drone attack on vessels in the Bay of Sevastopol in the early hours of Saturday. What do we know so far? WHAT HAPPENED? [...]
Rotterdam Port to Make New Metering System Compulsory for Ship Refueling
Rotterdam, Europe's biggest port, plans to make mass flow meters, which can measure fuel supplies more accurately, compulsory for ship refueling, a spokesperson for the port told Reuters on Thursday. The move aims to boost transparency and efficiency to avoid [...]
Germany Hashes Out Compromise to Allow Smaller Stake China Port Deal
Germany may allow China's Cosco to take a smaller stake than originally planned in a Hamburg port terminal, in what an economy ministry source on Tuesday described as an "emergency solution" to approve the deal but mitigate the impact. Shipping [...]
PetroChina Takes Delivery of Large LNG Carrier from CSSC Shipyard
PetroChina International has taken delivery of a large liquefied natural gas (LNG) carrier from China's Hudong-Zhonghua Shipbuilding Group Ltd, the first of three tankers ordered under a joint venture with state shipping firms. The vessel Shaolin, named after the renowned [...]
Shipbreaking Market Continues to Dim
The world gathered this week at a ship recycling conference in Dubai, for the first time in three years due to the onset of the pandemic. The big topics of the day were discussed, including various green and ESG measures [...]
EU Warned Germany Against Chinese Port Investment
The European Commission warned the German government last spring not to approve an investment by China's Cosco into Hamburg's port, German daily Handelsblatt reported on Friday, citing sources. Shipping giant Cosco last year made a bid to take a 35% [...]
Royal Caribbean Unveils World’s Largest Cruise Ship Icon of the Seas
Royal Caribbean has unveiled new design details for what is set to be the world's largest cruise ship, Icon of the Seas. The 250,800 GT vessel, the first in Royal Caribbean's new Icon-class, is being built by Finnish shipbuilder Meyer [...]
Israel Shipyards Debuts SAAR Class Corvette
Israel Shipyards (ISL) unveiled a new corvette- SAAR S-80. The S80 vessel is based on ISL's S-72 platform, from which several designs have been evolved, including the Israeli Navy Light Patrol Corvette– the RESHEF Class an advanced multi-roll vessel. The [...]
Black Sea Grain Deal Talks Bring Little Progress
Talks on extending a July deal that resumed Ukraine Black Sea grain and fertilizer exports are not making much progress because Russian concerns are not being taken into proper account, Russia’s U.N. ambassador in Geneva said on Thursday. Senior United [...]Rosneft Moves Into Tanker Chartering as EU Ban Looms
Russia's biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western sanctions on insurance of Russian oil shipments, three sources familiar with the matter said. Previously, state-controlled Rosneft, which produces more [...]
Russia is Prepared to Quit Black Sea Grains Deal
Moscow has submitted concerns to the United Nations about an agreement on Black Sea grain exports, and is prepared to reject renewing the deal next month unless its demands are addressed, Russia's Geneva U.N. ambassador told Reuters on Thursday. The [...]
Dry Bulk: Vessel Demand Wanes
The Baltic Exchange's dry bulk sea freight index fell for the sixth consecutive session on Thursday to mark its worst day since mid-September, as rates slipped across all vessel segments. The overall index, which factors in rates for capesize, panamax, [...]
Russia Needs Permission for Its Ships to Inspect Nord Stream Damage – Novak
Russia needs permission for its vessels to conduct investigations into explosions that damaged Nord Stream pipelines in the Baltic Sea, Deputy Prime Minister Alexander Novak said on Friday. He did not specify who should grant the permission, but Nord Stream [...]
South Africa’s Busiest Port Durban Hobbled by Strike
Staff shortages caused by an ongoing strike over wages are impacting container and car terminals at South Africa's Durban port, one of the busiest on the continent, a unit of state-owned logistics company Transnet said on Tuesday. Transnet, which manages [...]
Fire Breaks Out on Containership in the Red Sea
A fire has broken out aboard a containership in the Red Sea, northwest of the Farasan Islands off Saudi Arabia. All 25 crewmembers on board have evacuated the burning ship and were rescued by a nearby vessel. The blaze erupted [...]
US Sanctions Firms Transferring Oil to North Korean Ships at Sea
The United States on Friday imposed new sanctions following North Korea's latest missile launches this week, targeting a fuel procurement network that Washington said supports Pyongyang's weapons programs and its military. Friday's action targeted two Singapore-registered companies and a Marshall [...]
Israel, Lebanon Closing in on Maritime Border Deal
Lebanon and Israel are closer than ever to signing a deal demarcating their maritime border, opening the door to new oil and gas exploration, after years of U.S.-brokered negotiations. While limited in scope, the agreement is set to ease security [...]
Cyber Attacks On the Rise at US Ports and Terminals
Cyber attack attempts are becoming more common at U.S. ports and terminals, according to findings published this week by law firm Jones Walker LLP.The firm publicly released the findings of its 2022 Ports and Terminals Cybersecurity Survey,…
Capesize Gains Lift Baltic Index to Over 2-month High
The Baltic Exchange's main sea freight index jumped to a more than two-month high on Tuesday, propelled by gains across vessel segments, particularly the larger capesizes. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels [...]
Ship Recycling Prices Soften (again)
Sentiments have softened across sub-continent markets once again this week, as buyers appear increasingly reluctant to commit on fresh tonnage while fundamentals remain so shaky – especially as the markets have witnessed across the last couple of weeks, where currencies [...]
Sweden Sends Diving Vessel to Inspect Leaking Nord Stream Pipelines
Sweden sent a diving vessel on Monday to the site of Russian gas pipelines in the Baltic Sea that ruptured last week following blasts in the area, to probe an incident that has added new tension to Europe's energy crisis. [...]
Low River Levels, Soaring Barge Freight Curb U.S. Grain Exports
Numerous barges have run aground on the lower Mississippi River, and grain barge shipping rates are soaring to historic highs this week, as drought has dropped inland waterways to levels not seen in decades. And with little rain in the forecast, [...]
PTT, AET Pen MoU to Build Zero-Emission Aframaxes
Thai national energy company, PTT and tanker operator AET have signed a Memorandum of Understanding (MOU) for the development and construction of two zero-emission Aframaxes to be powered by green ammonia. Jointly, PTT and AET working to encourage the use of green ammonia as a main propulsion fuel. AET will select a [...]What is Known About the Nord Stream Gas Pipeline Leaks?
Unexplained gas leaks detected in the Nord Stream 1 and 2 pipelines from Russia to Germany have prompted investigations by European countries into the cause, including possible sabotage. Denmark's armed forces on Tuesday released video showing bubbles rushing to the [...]
Gas from Russia’s Nord Stream 2 Pipeline Leaks into Baltic Sea
The Danish authorities on Monday asked ships to steer clear of a five nautical mile radius off the island of Bornholm after a gas leak overnight from the defunct Russian-owned Nord Stream 2 pipeline drained into the Baltic Sea. The [...]
Depleted Rhine Water Level in Germany Holds Above Crisis Lows
Water depths on the river Rhine in Germany have fallen after dry weather this week but remain well above the crisis lows of this summer, vessel brokers and commodity traders said on Friday. Rain is expected in south German river [...]
Two Binding Bids for Greek Port
Greece received two binding bids for a majority stake in its northern port of Alexandroupolis, the country's privatizations agency HRADF said. The bidders for a 67% stake in the port were Quintana Infrastructure and Development through Liberty Port Holdings Single [...]
Thai Navy Buys Aerial Drones to Patrol Its Seas
Thailand has signed a contract to buy Hermes 900 unmanned aerial vehicles (UAV) made by Israeli defense electronics company Elbit Systems for 4 billion baht ($107.67 million), the Thai navy said on Wednesday. The navy did not say in its [...]
Liverpool Dockworkers Launch Two-week Strike Over Pay Dispute
Over 500 dockworkers at the Port of Liverpool, one of Britain's largest container ports, have launched a two-week strike over pay, the Unite trade union said on Tuesday, adding to a wave of industrial unrest caused by soaring inflation. The [...]
Partners Plan Cargo Ship That Runs on Green Ammonia
A team of Finnish maritime industry partners are developing plans to build a cargo vessel that runs on green ammonia. Shipping company Meriaura, technology company Wärtsilä and green energy project development company Green NortH2 Energy signed a letter of intent [...]
Baltic Dry Index Logs Best Week in Seven Months
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its best week in over seven months, largely driven by a 126% weekly gain in the capesize vessel segment. The overall index, which factors [...]
Gazprom Loads First Cargo from New Portovaya LNG Plant
Russia’s energy giant Gazprom has loaded its first cargo from the Portovaya liquefied natural gas (LNG) plant close to the Russia-Finland border, which has a capacity of 1.5 million tonnes per annum (mtpa). “The cargo was onboard the Pskov [...]
MOVE Plans Methanol-fueled RoRo Vessel
New Zealand based MOVE Logistics Group revealed its plans to order a new coastal roll-on, roll-off (RORO) vessel capable of running on methanol fuel. Earlier this year, MOVE secured $10 million in co-investment funds from transport agency Waka Kotahi to [...]Europe in need for new floating gas terminals
Russia’s invasion of Ukraine has struck the relations between the European countries and Russia, including in the field of gas supplies. As the winter approaches, a number of countries are trying to find a quick solution, and one of the [...]
Markets: Ship Scrapping Perks Up
Following the sale of Capesize bulkers for recycling last week, the trend has continued this week as well, with further transactions reportedly taking place on units – including Capes and a Suezmax tanker, as the market finally shows signs of [...]
Shipping Lines, Container Owners Struggle to Return Boxes to China
Shipping lines and container owners in North America (majorly in the U.S.) are finding it difficult to return containers to China. To add to the present challenges, the U.S. is also facing major trucking issues that are making cargo movement [...]
Romanian Navy Ship Hit by Drifting Mine in Black Sea
On Thursday, a Romanian Navy minesweeper was struck and damaged by a naval mine during a mission in the Black Sea, the service reported in a statement. At about 1300 on Thursday afternoon, the minesweeper Locotenent Dimitrie Nicolescu was dispatched to neutralize [...]
Baltic Dry Index Rises on Panamax Gains
The Baltic Exchange's main sea freight index rose on Friday and recorded its best week in about four months as panamax rates marked their biggest weekly gain in more than eight years. The overall index, which factors in rates for [...]
Bunkering Halted at at Key South Korean Ports as Typhoon Hits
Ship refuelling operations were temporarily halted at South Korea's Busan and Ulsan ports on Tuesday after typhoon Hinnamnor hit the country's southern region, trade sources said. The halt in operations also paused spot premiums for low-sulphur bunker fuel offered at [...]
DNV, MSC Ink 100 Vessel Deal for Anti-roll Assist and ARCS
Global container shipping line MSC Mediterranean Shipping Company (MSC) has signed a contract with classification society DNV that aims to address a growing problem within the maritime industry: lost containers at sea. The deal, signed Wednesday at the SMM [...]
Ukraine Dispatches Its Biggest Grain Convoy of U.N. Deal So Far
Ukraine said it had dispatched its biggest convoy of grain vessels under a U.N.-brokered deal so far after 13 ships set sail from its ports on Sunday carrying 282,500 tonnes of agricultural products to foreign markets. The cargo bound for [...]
UK Port Workers Plan Two-week Strike
More than 560 dockworkers at the Port of Liverpool, one of Britain’s largest container docks, will go on strike from Sept. 19 to Oct. 3 over pay, the Unite union said on Friday, adding to a summer of industrial unrest [...]
Capesize Bulker Rates See Best Day in Over Two Years
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday after rates for bigger vessel segments snapped their losing streaks, with capesize seeing its best day in over two years. The overall [...]
Bulker Breaking Up and Leaking Oil After Collision off Gibraltar
A bulk carrier that collided with an LNG tanker off Gibraltar started leaking fuel oil, authorities in the British overseas territory on the southern tip of the Iberian peninsula said on Wednesday. The collision on Tuesday forced the closure of [...]
Maersk continues push into logistics with latest takeover
Shipping giant AP Moller Maersk has completed the acquisition of e-commerce supply chain firm LF Logistics in a deal with an enterprise value of $3.6bn. Hong Kong-headquartered LF Logistics employs 10,000 people, operates an extensive Pan-Asian network across 223 warehouses [...]
Maersk Agrees to Sell Stake in Russian Port Operator
A.P. Moller-Maersk said on Monday it has agreed to sell its 30.75% stake in Russian port operator Global Ports Investments to Russia's largest container operator Delo Group, which also owns a 30.75% stake in the firm. After the divestment, which [...]
Navigation endangered in the Europe’s busiest waterway due to low water level
Rhine River is one of the world’s busiest waterways and major transport artery for the Western European countries located on the banks thereof. However, due to the hot and dry summer, water level in Rhine River has fallen dramatically, therefore, [...]
Fire Breaks Out on Car Ferry off Swedish Coast
A fire has broken out on board a car ferry carrying 300 people off Sweden's coast, Swedish authorities said. The ferry is the 222-meter RoPax Stena Scandica, which operates on the Baltic Sea between Nynäshamn, Sweden and Ventspils, Latvia, with [...]
COSCO SHIPPING Lines Takes First Bunkering of Marine Biofuel
TotalEnergies Marine Fuels completed the first refuelling of a COSCO Shipping Lines containership with marine biofuel, marking TotalEnergies’ first biofuel bunkering operation for a containership in Singapore. On July 11, 2022, the 4,250 TEU COSCO Houston container vessel was bunkered [...]
Baltic Dry Index Slides Sharply as Capesizes Hit Two-year Trough
The Baltic Exchange's main sea freight index registered its worst fall in three months on Thursday, weighed down by lower demand for coal and iron ore cargoes as steel output fell in China. The overall index, which factors in rates [...]
Germany, Canada Discussing Cooperation on Shipyards
Germany and Canada are talking about a possible cooperation on ship yards, German Economy Minister Robert Habeck said on Tuesday during a two-day visit to Canada with the German chancellor.
Some 720,000 t of Food Have Left Ukraine Under Grain Export Deal
A total of 33 cargo ships carrying around 719,549 tonnes of foodstuffs have left Ukraine under a deal brokered by the United Nations and Turkey to unblock Ukrainian sea ports, the Ukrainian agriculture ministry said on Tuesday. The Joint [...]
Conflict in the South China SeaThreatens Australia’s Fuel Imports
China's sabre-rattling around Taiwan underlines the need for Australia to be prepared for conflict in the South China Sea. With its growing navy and air force, and the bases it has built throughout the area, China is increasingly capable of [...]Workers at UK’s Biggest Container Port to Begin 8-day Strike
Workers at UK's Biggest Container Port to Begin 8-day Strike More than 1,900 workers at Britain's biggest container port are due on Sunday to start eight days of strike action which their union and shipping companies warn could seriously [...]
Britain to Receive Rare LNG Cargo from Australia
Britain is set to receive a rare shipment of liquefied natural gas (LNG) from Australia later this month, as countries across Europe strive to secure enough supplies ahead of winter. European nations are seeking to diversify energy supplies following [...]
Innovative Fishing Vessel Launched in Turkey
Turkey's Cemre Shipyard held a launch ceremony for the newbuild trawler Selvåg Senior being constructed for Norwegian owner Sørheim Holding. Developed in partnership with Skipsteknisk and Selvåg AS, the 79.5-meter-long Selvåg Senior purse seiner trawler will be the third in [...]
Baltic Dry Index Drops for Fourth Week
The Baltic Exchange's main sea freight index fell to a fresh six-month low on Friday and posted its fourth consecutive weekly decline as rates slid across vessel segments. The overall index, which factors in rates for capesize, panamax and [...]
Port of Felixstowe strike could see air cargo demand rise further
Strike action at the UK’s biggest container port could see demand for already stretched airfreight capacity increase further. Dockworkers belonging to union Unite will strike at the Port of Felixstowe from Sunday August 21 until Monday August 29 in a [...]
Cuba Tames Mega Port Fire
Massive clouds of steam rose from Cuba's largest fuel depot in Matanzas on Wednesday as firefighters, helicopters and boats poured water and foam on the smoldering remains of the largest fire in the island's history. Black charcoal covered with [...]
Fuel Oil Stored in Ships Near Singapore to Rise on More Russian Supplies
The number of tankers used to store bunker oil along the Singapore Strait has increased since the Ukrainian war broke out, and will rise further as sanctions-hit Russian supplies head for Asia. It’s possible, industry sources and analysts said. [...]
Stena Exploring Dual-fuel Diesel/methanol with MAN, Proman
Engines manufacturer MAN Energy Solutions said it has signed a memorandum of understanding (MOU) with Stena Teknik – Stena’s inhouse R&D division – and Proman – the world’s second largest methanol producer – regarding their mutual cooperation on a project [...]
First-ever U.S. Sour Crude Cargo Sails to Germany as Russia Sanctions Bite
A tanker of U.S. sour crude was delivered at Germany's port of Rostock last week for the first time ever, according to sources, analysts and vessel tracking data, as local refiners test alternatives to Russian oil. The European Union plans [...]
EMAR Offshore Services Buys Two Fast Crew Suppliers for Oil & Gas Work in Angola
Dutch maritime services firm EMAR Offshore Services has bought two Damen Fast Crew Suppliers (FCS) 2206 for an undisclosed fee. The first vessel, named E-Six, has already begun operations in Angola, supporting the local oil and gas industry, and will [...]
First Ship Under Ukraine Grain Deal Delayed En Route to Lebanon
The first grain ship to leave a Ukrainian port under a deal brokered last month will not arrive in Lebanon on Sunday as planned, the Ukrainian embassy in Lebanon said. The Razoni left Odesa on the Black Sea early last [...]
Ukraine Asks Lebanon to Reopen Probe into Alleged Stolen Grain
Ukraine asked Lebanon's top prosecutor on Wednesday to reopen a probe into a ship Kyiv says was carrying stolen grain that remains docked in Lebanon pending a seizure order. Ukraine says the Syrian-flagged ship, in the northern Lebanese port of [...]
Obstacles to Overcome Before Ukraine Grain Deal Eases Global Food Crisis
The first ship carrying Ukrainian grain through the Black Sea since Russia invaded Ukraine more than five months ago left Odesa on Monday under a safe passage agreement that has raised hopes hundreds of other vessels will follow. But [...]
Cheapest Overnight Shipping Option| FlagShip Canada
According to a 2021 survey, 68% of buyers agreed that they would place an online order if the shipping method offered was fast; buyers are no longer tolerating long delivery times. Then, consider the high potential of shopping cart abandonment [...]
Container Shipping Rates: Has the Peak has been Reached?
Container Shipping Rates: Has the Peak Been Reached? Despite another slew of rises in long-term contracted ocean freight rates across key global trade corridors, month-on-month growth is slowing - and spot rates continue to weaken – suggesting prices may [...]
Norwegian’s First Prima Class Cruise Ship Delivered
Norwegian Prima, the first of six vessels from Norwegian Cruise Line’s (NCL) new Prima Class of ships was delivered at Fincantieri's shipyard in Marghera on Friday. Along with her sister-ships, Norwegian Prima will form the backbone of the future [...]Floating Oil Storage Stacks up in the Singapore Strait
The number of tankers used for storing fuel oil along the Singapore Strait has risen since the Ukraine war broke out and could rise further as more of Russia's supplies hit by sanctions head to Asia, industry sources and analysts [...]
Ukraine Working to Prep Black Sea Ports for Grain Exports
Ukraine's navy confirmed on Wednesday that work had started at three Ukrainian Black Sea ports aimed at preparing for the resumption of grain exports. "In connection with the signing of the agreement on the unblocking (by Russia) of Ukrainian ports [...]
Satellite Images, Data Show Russian Ship ‘Looting’ Ukrainian Grain
Late last month, a Russian-flagged cargo ship carrying corn pulled into the Turkish port of Izmir on the Aegean Sea. The SV Nikolay had loaded the grain at Port Kavkaz, in Russia, six days earlier on June 18, according to [...]
Shrugging off Russia Maritime Business Loss, Cyprus Targets Asia Shipping
Cyprus has already overcome the loss of Russian maritime trade due to European sanctions and the Mediterranean shipping hub is chasing business expansion in Japan and elsewhere in Asia as it looks to grow its flag, a senior government official [...]
Can US Port Infrastructure Handle More Crude Exports?
Americans are exporting raw materials to meet strong demand from Europe following Russia’s invasion of Ukraine and subsequent sanctions against Moscow. US oil may find more buyers overseas in the coming years, but it could test the capabilities of US [...]
UK Dockworkers at Major Container Port to Vote on Strike Over Pay
Hundreds of dockworkers at one of Britain’s largest container ports will be balloted for strike action in a dispute over pay and conditions, a union representing them said on Tuesday, threatening disruption to supply chains. Staff from a range of [...]Ocean Yield Buys 5,500 TEU Newbuild
Ocean Yield, which describes itself as a ship-owning company with investments in vessels on long-term charters, has agreed to buy a 5,500 TEU container vessel newbuilding under construction at HJ Shipbuilding, Korea. The vessel design enables it to be converted to [...]
Baltic Sea Freight Index Posts Weekly Gain as Capesize Rates Jump
The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, logged its first weekly gain since mid-June, as a jump in capesize rates outweighed declines in other vessel segments. The overall index, which factors in [...]
Israel Sells Haifa Port for $1.2B
The Israeli government announced on Thursday that it has selected the winning bid for the privatization of the Haifa Port Company, which operated one of the largest container and cargo terminals in the country. The nearly two-year process had drawn [...]
Ukraine Ministry: Ships Passing Through Danube Bystre Rivermouth
Ukraine’s infrastructure ministry said in a statement Tuesday that 16 ships had passed through the Danube’s newly-reopened Bystre rivermouth in the last four days and that the opening up of the Bystre was an important step towards speeding up grain [...]
Russia and Turkey to Discuss Black Sea Shipping
Russian President Vladimir Putin and Turkish leader Tayyip Erdogan plan to meet in the near future after a phone conversation in which they discussed efforts to facilitate grain exports from Ukraine, the Kremlin said on Monday. Turkey has been mediating [...]
Russia’s LPG Exporters to Use Georgia’s Poti Port
Russian exporters will start shipping supplies of liquefied petroleum gas (LPG) to Bulgaria via Georgia's Black Sea port of Poti in July as traditional export routes remain closed, according to traders and Refinitiv Eikon statistics. Russia stopped supplying LPG to [...]
Russian Missile Hits Tanker Drifting in Black Sea
Moldova-flagged chemical tanker Millennial Spirit, which has been drifting in the Black Sea for over four months, was hit by another Russian missile during an air strike on the Odesa region on Thursday. The 1974-built ship, formerly known as Freyja, was first [...]
Ingalls Shipbuilding to Hire More Than 2,000 Full-time Shipbuilders
HII said Thursday announced today that the company’s Ingalls Shipbuilding division plans to hire over 2,000 full-time shipbuilders as part of its future workforce plans. "The new shipbuilders will join a skilled workforce that delivers critical capabilities to HII’s national [...]
Egypt’s Suez Canal Revenue Hits Record High of $7B
Egypt's Suez Canal revenue hit a record high of $7 billion in the financial year to June 30, up 20.7% from the previous year, Canal Authority Chairman Osama Rabea said on Monday. A statement from the authority attributed the rise [...]
Swedish Maritime Administration Using AI in Search and Rescue
All radio traffic on the emergency channel that reaches Sweden is now transcribed by artificial intelligence (AI) and shown to the operators at the Joint Rescue Co-ordination Centre in Gothenburg within a second. Keywords, such as "Mayday", "SOS", "help" and [...]
Solstad Offshore Sells Platform Supplier to Atlantica Shipping
Solstad Offshore has sold the platform supply vessel Normand Aurora for an undisclosed fee.The Norwegian offshore vessel owner said that the delivery of the vessel to the new owner took place Tuesday, July 5, 2022.While Solstad did not say who […]
Stolt-Nielsen Says 2022 Q2 Profit Best Since 2007
Norwegian chemical tanker owner Stolt-Nielsen on Thursday reported a second-quarter net profit attributable to shareholders of $58.6 million, with revenue of $689.1 million. This is an increased compared with a net profit of $52.3 million, with revenue of $606.2 million, [...]
Disney Unveils First New Cruise Ship in a Decade
Chief Executive Bob Chapek introduced Walt Disney Co's first new cruise ship in a decade on Wednesday, the culmination of the first project the former theme parks executive championed to the company's board of directors. The launch of the 4,000-passenger [...]
War in Ukraine Raises Global Shipping Costs, Stifles Trade -UNCTAD
GENEVA The war in Ukraine is stifling trade and logistics of the country and the Black Sea region, increasing global vessel demand and the cost of shipping worldwide, the UN’s trade agency said on Tuesday. The UN Conference on Trade [...]
Ship Recycling Market’s ‘New Normal’ is Turmoil
All of the major global recycling markets remain in turmoil for yet another week, with very few offers forthcoming (matching the near invisible number of units currently available for recycling), in addition to an utter lack of confidence from Recyclers [...]
German Government Offers to Buy Rostock Shipyard for Navy
The German government confirmed that it has entered a bid to acquire the Rostock shipyard that formerly belong to the now defunct MV Werften group that financially collapsed in January 2022 after it failed to win additional loans from the [...]
Tankers Divert to Trinidad, Maryland After Freeport LNG Blast
At least six tankers set to load liquefied natural gas (LNG) at Freeport LNG this month have been diverted following the June 8 blast that shut the Texas facility, Refinitiv Eikon vessel tracking data showed. A partial restart of the [...]
Cheapest Way to Ship Large Heavy Boxes
Cheapest Way to Ship Large Heavy Boxes | FlagShip Canada When you ship large, heavy boxes and/or items for your business, it can be very challenging and expensive. The process of shipping for some businesses can be stressful and sometimes [...]
Ocean Shipping Reform Act of 2022: Long Term Fixes, But What’s in It for the Short Term?
The Ocean Shipping Reform Act of 2022 (the Act) was signed by President Biden on Thursday, June 16, 2022. The long term fixes, which require Federal Maritime Commission rule-making, establishes additional requirements requiring the FMC to issue rules related to [...]
Airfreight rates to continue to rise despite easing demand?
The current easing of the airfreight market may only be a temporary blip and rates could rise further once lockdowns in China are lifted, according to Bruce Chan, senior analyst at investment bank Stifel. In the latest Baltic Exchange market […]
A New Approach to Maritime Safety is Needed
For years, the shipping industry has focused on regulations and procedures to improve safety. Yet shipping is still at risk of major accidents. The whole industry needs to change its focus. Ticking boxes never made anyone safer. Also, assessing culture […]
5 Benefits of Remote Collaboration for Logistics Leaders
Logistics is an industry that doesn’t get attention until there’s a problem. Unfortunately, the pandemic has caused one problem after another, with non-stop delays and bottlenecks around the world. As logistics professionals come out from underwater, they’re dealing with the […]
ISS Issues RFP to Construct North America’s First Zero-emissions Towboats
Houston-based Industrial Service Solutions (ISS) announced Thursday it is seeking bids from U.S. shipyards to build up to four hulls for what will become North America’s first fully-electric towboats. The zero-emissions vessels, which will be constructed for New York-based Zeeboat […]
Dakosy tells air cargo to prepare for new EU security requirements
Software firm Dakosy has urged the air cargo industry to start preparing for the latest phase of the European Union’s (EU) Import Control System (ICS) for security declarations. ICS2 means that from March 2023 airlines will need to submit shipment […]
How Edge Logistics Leverages Supply Chain Standards Through Technology Solutions and Service
Niagara Bottling sought absolute transparency and compliance in procurement. It found a solution to market volatility with Edge Logistics, which accomplished top carrier milestones. THE CHALLENGE Volatility plagues all industries, especially the trucking industry, and slight failures amount to big […]
Call to improve safe transport of lithium batteries
Airfreight and ship transport of lithium batteries needs to become safer to prevent fires, TT Club has said. The international freight transport insurer said it is calling for increased vigilance to ensure secure and safe lithium battery supply chains following […]
Shipping Lines Skip a Beat
Global ports lost more than one-third of their expected capacity to ship containers in 2021, causing economic trouble for some smaller developing nations, among others, finds research commissioned by the Global Shippers Forum (GSF). The study, which was conducted by […]
Disruption continues to hit air cargo as volumes drop again in April
The air cargo industry continues to be buffeted by a range of issues that resulted in volume declines deepening in April, according to figures from CLIVE Data Services. The Xeneta-owned data provider’s latest numbers show that air cargo volumes decline […]
Using Digitalization to Navigate Through Disruptions
Industry 4.0 is a revolution in manufacturing and holds promise for improving supply chain efficiency and flexibility. The convergence of technology disruptions—automation, analytics, artificial intelligence, and augmented reality—drives this revolution. Why is digitization important and what key technologies are fueling […]
7 Strategies to Reboot Global Supply Chains
These tips will help your company restart operating systems, processes, and strategies through the new normal. As we enter year three of the COVID era, companies worldwide are grappling with an all-too-familiar array of supply chain challenges—supply uncertainties, capacity and […]
4 Tech Predictions that Came True
From companies spending billions on cybersecurity to the cloud becoming the biggest thing in desktop applications, some of the top tech predictions from those in the know in various tech fields were proved right in 2021. Here are four trends […]
Air cargo continues to ramp up its use of digital booking
Airlines have been ramping up their digital booking offerings over the last few years in response to market volatility. A survey carried out by booking portal Freightos found that 46% of air cargo carriers now enable instant rate searches for […]
EU to end cargo-in-the-cabin flights
The European Union Aviation Safety Agency (EASA) will put a stop to cargo-in-the-cabin flights beyond July 31. The use of the passenger cabin for cargo, known as cargo-in-the-cabin flights, have been operating since 2020, after the EASA issued approvals and […]
5 Ways to Improve and Optimize Driver Retention
COVID tightened up the supply chain with shortages of medical supplies, computer chips, consumer products, and household goods. Not only has demand increased relative to supply, but employee and customer satisfaction continue to be on the decline. Many corporations have […]
Russia Faces Drop in Cargo Traffic, Container Deficit
Russia is bracing for a sharp decline in cargo flows and a deficit of containers after major international container shipping lines halted operations in the country due to Moscow’s military campaign in Ukraine, two Russian executives said. The world’s three […]
The effects of the war on air freight will be felt by consumers around the world
Looking at the market trends and possible challenges of 2022, industry experts have made various assumptions, but no one could have predicted that the industry would have to deal with something that Europe has not experienced for decades: active warfare. […]
Top Supply Chain Disruptions in 2021
Supply chain disruptions increased 88% year over year in 2021, says data released by risk management platform Resilinc, with disruptions related to supply shortages increasing 452%, the largest increase across all event types. Although human health disruptions fell 68% year […]
Logistics UK: War in Ukraine poses airfreight challenges
Access to both Ukrainian and Russian airspace is now minimal to non-existent for many countries across the globe due to the ongoing war in Ukraine. As a result, many flights are diverting south, but with some airspaces in the Middle […]
Air cargo demand takes a hit in March but rates stay high
Air cargo volumes in March declined compared with a year earlier as the market was hit by the war in Ukraine, sanctions and lockdowns in China. The latest figures from CLIVE Data Services, which is part of the Xeneta rate […]
Evaluate Risk Before Critical Decisions
Disruption across global supply chains has always been present, but the ongoing pandemic has magnified the risks supply chain leaders face, while simultaneously limiting response options in an already high-pressure environment. The past year has opened the door to many […]
Baltic Dry Index Drops to 3-week Low, Ends Quarter Higher
The Baltic Exchange’s dry bulk sea freight index fell to its lowest level in over three weeks on Thursday, dragged by sliding panamax and supramax vessel rates, although the main index posted monthly and quarterly gains. The overall index, which […]
9 Innovative Ways to Manage and Meet Demand Surges
Retailers uncover new ways to respond to anticipated and unexpected order spikes so they don’t lose the sale. Whether you anticipate a retail demand surge or it happens unexpectedly, you need to be able to manage that sudden order spike […]
4 Trends for 3PLs in 2022
Order volumes grew for 79% of third-party logistics (3PL) providers in 2021, but that growth was tempered by inventory availability and disruptions that cost the U.S. economy $228 billion, says a report from 3PL Central. Disruptions, technology innovations, and consumer […]
Supply Chain Finance: You Can Bank On It
Supply chain finance programs can successfully keep the cash flowing, enabling companies to cut debt and boost profitability. The adage “cash is king” remains as true as ever. Profitable companies can still run into trouble if they lack cash to […]
How transparency enhances and strengthens supply chain partnerships
The complexity of the supply chain can be daunting. Everything from distribution to data crunching requires dedicated attention that can feel overwhelming unless you have the right tools in place or the right partners to back you up. On episode 120 […]
What is the biggest supply chain lesson you learned from the past two years?
Readers look back at a volatile 2020 and 2021 and summarize the supply chain lessons learned. The fragility or brittleness of a global marketplace so deeply dependent on just-in-time inventory. Any event, whether a pandemic, hurricane, or a container ship […]
Expedited Shipping Can Save Money
As shipping delays and supply chain issues pile up across the country, more businesses struggle to ship and receive products on time. When companies fail to meet important deadlines, the results can be costly, leading to the loss of valuable […]
Greenpeace Protests Against Ships Carrying Russian Fossil Fuels
Greenpeace activists have taken to the sea to protest against tankers carrying Russian fossil fuels to Europe. Traveling in rigid hull inflatable boats (RHIB), kayaks and as swimmers, protesters from Denmark, Sweden, Norway, Finland, Netherlands and Germany on Sunday went […]
Eye on Maritime Design: Can Wind Propulsion Work by Keeping it Simple?
While it is starting to look like some clever wind/power sail technologies are starting to appear, too often I have looked at the cargo cranes of geared bulkers and wondered if it makes sense to rig some sort of sail […]
Security risks and rising costs: the consequences of the Russia-Ukraine war on freight transport
The war in Ukraine and the harsh sanctions against Russia have affected the market situation in many sectors, including logistics and freight. Since 24 February, when Russian tanks crossed the Ukrainian border, the global supply chain has seen a sharp […]
Why Should Distributors Move to the Cloud in 2022?
Many distributors are pondering the question: To cloud or not to cloud? Is the disruption of moving my ERP and other tools worth the benefits and rewards? As we look back at the past few years, it is not difficult […]
Is the Dynamic Unified Logical Data Model the Silver Bullet for Disruptions?
Jay Ganapathy, Chief Commercial Officer. Q. Enterprises that are transforming their supply chain are slow to change. What roadblocks are impeding their efforts? A. Our supply chains of today were designed decades ago to achieve data uniformity across the supply chain […]
IMO to Work on Safe Corridor for Ships Stranded by Ukraine Conflict
The UN’s shipping agency will seek to create a safe maritime corridor to enable merchant ships and their crews stuck in the Black Sea and Sea of Azov to sail away without the risk of being hit, it said on […]
Russia Dropped from Ship Certification Body as Sanctions Bite
The world’s top association of ship certifiers has withdrawn membership from the Russia Maritime Register of Shipping (RS) due to the impact of sanctions on Moscow after its invasion of Ukraine, in another blow to the country’s vital shipping sector. […]
Marine Insurers Widen High-risk Area as Ukraine Conflict Escalates
London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov that it deems high risk as Russia’s invasion of Ukraine intensifies and perils to merchant shipping grow. The insurance industry’s Joint War […]
Lufthansa Cargo: Ukraine crisis will cause 10% global capacity drop
Lufthansa Cargo expects global market capacity will be approximately 10% down as a result of the Ukraine invasion. Speaking at a press conference, Lufthansa Cargo chief executive Dorothea von Boxberg said this is because of restrictions for global fleets. Russian […]
World’s Fastest Autonomous Interceptor Unveiled
A high-tech autonomous interceptor vessel—said to be the world’s fastest—is set to make its debut next week in Saudi Arabia. French group CMN NAVAL will demonstrate the UHSI32 at the World Defense Show from March 6-9, in Riyadh, showcasing its ability to […]
Air cargo has a “long way to go” on sustainability as resources remain scarce
Air cargo supply chain companies are ramping up their focus on sustainability but there is a “long way to go” as resources remain scarce, according to TIACA’s latest sustainability survey. The latest annual TIACA Air Cargo Industry Sustainability Survey, organized […]
Recovery, Resilience and Demand Shifts to Drive Inland Waterway Cargo Flows
Waterway traffic is coming back. November 2021 saw 52.1 million tons moving on the U.S. inland waterway system, the highest monthly tonnage since October 2019, a few months before the onset of the COVID-19 pandemic, and the shutdowns and stoppages […]
Supply chain costs to rise as Ukraine crisis bites
Freight forwarders are warning of higher supply chain costs as the impact of the invasion of Ukraine disrupts transportation operations. The forwarding sector said the airspace restrictions imposed by Russia, European states, Canada, the UK and in North America were […]
Putzger perspective: Outlook bright and tight
Strong air cargo growth is expected to continue in the first half of 2022, but with continued pressure on capacity, writes Ian Putzger. Despite, and partly because of, ongoing turbulence, air cargo keeps going strong. The industry flew through 2021 […]
3 Ways to Build a Resilient Supply Chain
After nearly two years of pandemic-related disruptions wreaking havoc, business leaders are learning from the past and looking to the future of supply chain management. Companies across industries are attempting to meet the moment and replace legacy supply chain practices […]
Air cargo market close to pre-pandemic levels but uncertainty ahead
The global air cargo market continued catching up with pre-pandemic levels in February as freight volumes, capacity and load factors stabilised close to 2019’s performance, with rates also slowly trending downwards. This is according to the latest data from industry […]
Ukraine Invasion: What Can Be Done at Sea?
The closure of the Turkish straits to all warships has drawn attention to the maritime dimension of Russia’s invasion of Ukraine. From a tactical and operational perspective, Russian naval forces have already contributed, albeit in a limited way, to the current invasion […]
The global shortage of semiconductors imposes a considerable effect on land freight
The shortage of semiconductors, which became a global problem in 2021, affected many industries, from car to refrigerator manufacturers. This issue also left its mark on the land freight industry, restricting the production and sale of new trucks. Where’s the […]
How to Combat Logistics Logjams
Nearly two years into the pandemic, today’s congestion issues and logistics logjams are not expected to end anytime soon. It is imperative brands fortify their supply chains to best navigate the current environment and prepare for what unexpected challenges may […]
Addressing Supply Chain Pain Points for Shippers
Shippers must navigate a daunting array of complex challenges when operating in today’s often turbulent supply chain landscape. Potential pain points are rampant. Fortunately, shippers can turn to a variety of solutions and tools that can help drive capacity, control […]
Running on Hydrogen – Can it Work?
Hydrogen as fuel was in the spotlight during the last two weeks. The Senate’s Energy and Natural Resources Committee held a hearing on February 10 looking at H challenges in the transportation, utility, industrial, commercial, and residential sectors. A week […]
Ukrainian airspace closes while impact on trade expected
Ukrainian airspace has been closed as navigation services declare the region an active conflict zone. Early this morning, the European Union Aviation Safety Agency (EASA) issued a conflict zone information bulletin covering Kiev, Lviv, Dnipropetrovsk, Simferopol and Odessa flight information […]
Baltic Dry Index Dips on Weaker Demand for Larger Ships
The Baltic Exchange’s dry bulk sea freight index (.BADI) slipped on Wednesday as lower rates for capesize and panamax vessels outweighed gains in the supramax segment. The overall index, which factors in rates for capesize, panamax and supramax vessels, was […]
Marine Insurers Add Russian, Ukrainian Waters to High Risk List
London’s marine insurance market on Tuesday added the Ukrainian and Russian waters around the Black Sea and Sea of Azov to its list of areas deemed high risk as tensions persist in the region, a senior official said. Guidance from […]
From the Science Lab: Clean Energy Projects that Could Impact Maritime
As part of a $175M grant for 68 novel clean energy technology projects from the U.S. Department of Energy, these four offer promise in helping the maritime industry meet its decarbonization goals. Makai Ocean Engineering – Waimanalo, HI Remotely Installed […]
Key Habits of Highly Effective Cold Chain Shippers
Maintaining optimum conditions for temperature-sensitive cargo takes experience and know-how. Here are four attributes of effective and reliable cold chain shippers. The North American cold chain market is expected to reach $118.55 billion by the end of this year, with […]
The Relationship Between Supply Chain Resiliency and Sustainability
Companies with robust sustainability programs learned supply chain resiliency is an inevitable side effect of those initiatives. Here’s how sustainability supports resiliency. The COVID-19 pandemic shined a spotlight on the frailty of the global supply chain. As a result, business […]
Supply Chain Chaos to Boost Maersk 2022 Profit
Shipping group Maersk expects 2022 earnings to be around as high as last year, it said on Wednesday, as the supply chain disruption that sent freight rates soaring extends into the first half. It expects underlying earnings before interest, tax, […]
How Manufacturers Can Navigate Global Supply Chain Upheaval
Supply chains have been teetering on the brink of downfall for many years from issues such as labor shortages, and the pandemic has only highlighted this problem further. When lockdowns started around the world, many empty shipping containers remained where […]
The Time to Reduce Port Emissions is Now
Port operations across the country are vital to America’s economy, often coming at a cost to health and welfare of neighboring communities—notably, by emitting harmful emissions and producing poor air quality. Incorporating propane can help ports support economic growth while […]
Why Should Shipping Come Under the EU’s Carbon Trading System?
The European Commission has proposed adding shipping to the bloc’s carbon market for the first time, in a move that is set to shake up the industry after years of avoiding pollution charges by the bloc. But already there is […]
New digital air cargo technical specifications guidance
The UN’s International Civil Aviation Organization (ICAO) and the United Nations Economic Commission for Europe (UNECE) have completed new digital air cargo technical specifications guidance. The new guidance is designed to help to accelerate the transition towards safer and more […]
2022 set to be the year of charter operations for freight forwarders
It seems that 2022 will once again be a year of cargo charter flights for freight forwarders. James Gagne, president and chief executive of Seko Logistics, outlined a challenging market for freight forwarders in 2022. He highlighted ongoing issues in […]
Putzger perspective: The challenge of finding cargo capacity
As the industry battles with the latest wave of disruption from Covid-19 traditional thinking and practices are becoming redundant, if not outright liabilities, writes Ian Putzger. The Omicron virus may be less deadly than prior variants of the virus, but […]
Air cargo rates to stay high as challenges remain
Strong air cargo rates are set to continue but capacity and ground handling challenges will continue. This was the takeaway from the World Cargo Summit’s Air Cargo Market Update & Outlook, which focused on the market outlook for 2022 and […]
Core Power: Decarbonizing Shipping With Nuclear-powered Offshore Ammonia Production Plants
Advanced nuclear energy technology company Core Power is working on a concept for an offshore facility that combines advanced nuclear power with an offshore ammonia production facility, which would enable affordable production of green ammonia for shipping. “The production of […]
Outlook 2022: Another challenging year for air cargo
With 2022 off to a busy start, Air Cargo News caught up with a range of companies to find out what their expectations are for the coming 11 months. Damian Brett reports. Around September last year, the air cargo industry […]
Collaboration Crucial for Decarbonization -MSC CEO
The CEO of container shipping giant MSC highlighted the importance of working together to achieve net decarbonization in a digital keynote speech at DNV’s ‘Fuel of the Future Conference’ on January 11, as part of the annual Nor-Shipping convention. In […]
Baltic Dry Index Slides for 12th Day
The Baltic Exchange’s dry bulk sea freight index fell for a 12th straight session on Monday, hurt by declining capesize rates. The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 24 points, or 1.7%, to […]
Planes, Trains and Ships: Criminal Antitrust Enforcement Speeding Up for Transportation Sector
The Biden administration recently issued a sweeping Executive Order [1] aimed at protecting and enhancing competition, and the transportation sector—including air, ocean, and rail—is among the industries specifically identified and likely to see heightened antitrust scrutiny under the new directives. […]
How a Russian-Ukraine Conflict Might Hit Global Markets
A potential invasion of Ukraine by neighboring Russia would be felt across a number of markets, from wheat and energy prices and the region’s sovereign dollar bonds to safe have assets. Below are four charts showing where a potential escalation […]
Rotor Sails: The Compelling Decarbonization Solution
Global supplier of wind propulsion, Anemoi Marine, believes Rotor Sails – which are unique, tall cylindrical sails that can be installed on the deck of commercial vessels – offer an immediate and compelling solution for shipowners working to reduce vessel […]
How congestion of cargo ships influences air freight
Logistics is like a chain – if one of its links is broken, it affects the whole chain. The same has happened with cargo ship congestion in the world’s major ports. They have led to problematic situations not only in […]
World’s First: Fully Autonomous Ship Navigation Systems Tested on Coastal Ferry in Japan
The Nippon Foundation, Mitsubishi Shipbuilding, and Shin Nihonkai Ferry Co., Ltd. have informed they’ve completed a demonstration test of what the companies say is the world’s first fully autonomous ship navigation systems on a large car ferry, conducted on the […]
Singapore Remains World’s Top Maritime Hub
Singapore has held onto its spot atop the list of the world’s best maritime cities, according to a recent report from classification society DNV and Menon Economics. The 2022 edition of the Leading Maritime Cities (LMC) report launched Thursday provides […]
The Big Challenges for Supply Chains in 2022
In the run-up to Christmas, there was considerable anxiety about shortages of festive food and gifts. Trade friction was already at the core of the Brexit debate, and supply chain issues have been made much worse by the COVID-19 pandemic. […]
Suiso Frontier: World’s First Hydrogen Tanker to Ship Test Cargo from Australia to Japan
Japanese-Australian venture producing hydrogen from brown coal is set to ship its maiden cargo on the world’s first liquid hydrogen carrier from near Melbourne to Kobe on Friday, in a test delayed by nearly a year because of the COVID-19 […]
More Shuttle Tankers Needed, Rystad Says
More shuttle tankers will be needed in the years ahead to keep pace with a projected rise in oil volumes needing transport, Rystad Energy said. Produced volumes requiring transport key shuttle tanker markets Brazil, Canada, Norway, the U.K. and Russia […]
Technology to Ship Hydrogen Ready by 2025, KSOE Says
Korea Shipbuilding & Offshore Engineering (KSOE) expects to have the technology to transport hydrogen by ship by 2025, an executive said, targeting a breakthrough in supplying a fuel touted by supporters as offering a major source of clean energy. The […]
Air cargo demand in Asia remains resilient
The air cargo market in Asia remained resilient in November with volumes continuing to grow compared with 2019 levels. The latest statistics from the Association of Asia Pacific Airlines (AAPA) show that during the month cargo demand at the region’s […]
Indonesia Allows 37 coal Ships to Depart as Export Ban Eased
Indonesia allowed 37 loaded coal vessels to depart on January 13th in the strongest sign yet that the world’s biggest thermal coal exporter is relaxing a ban on shipments of the fuel. A senior cabinet minister said in a statement the […]
Air cargo growth slowed “significantly” in November
Air cargo growth slowed in November as supply chain issues affected demand, according to airline association IATA. The group’s latest figures show that air cargo demand in cargo tonne km (CTK) terms in November increased by 3.7% compared with 2019 […]
EU Shipping Plan Leaves Millions of Tons of CO2 Unregulated
European Commission proposals to bring shipping into the bloc’s carbon market contain exclusions for small commercial and military vessels that would leave millions of tonnes of CO2 emissions unregulated, an NGO study showed on Thursday. With about 90% of world […]
Size Not the Main Goal, Shippers Say, as MSC Overtakes Maersk
Swiss-based container group MSC has overtaken Denmark’s Maersk as the world’s biggest shipper, the company said, confirming data from intelligence provider Alphaliner. After taking delivery of several ships last year, MSC or Mediterranean Shipping Company has capacity to move the […]
Air cargo faces up to an increasing number of turf invaders
The airfreight market is becoming more crowded and traditional operators face new competition, writes Ian Putzger. The phalanx of freighter operators has grown to include some unexpected names – CMA CGM, Maersk, Amazon and Mercado Libre. Amazon’s fleet of leased […]
Old Processes Impede New Inventory Strategies
Few businesses use new technologies to tackle supply chain issues caused by the pandemic due to tighter costs and dependence on legacy work processes, says a recent survey from intelligence platform Verusen. This results in lost revenue and increased inventory […]
Heavy lift looks to recovery from pandemic pressures
Industry stakeholders are somewhat optimistic about the future of heavy lift, although pandemic challenges remain, writes Michael Mackey. The heavy lift sector is looking forward to getting back to normal post-pandemic, although there is a debate about what that future […]
2021 in Review: The Dry Bulk and Tanker Markets
Copyright aerial-drone/AdobeStock The Signal Group offers an exhaustive overview of the trends in the dry bulk and tanker markets that both defined 2021, and offer a glimpse as to what might be in store for 2022 and beyond. The report […]
The three main trends in logistics and freight in 2022
2021 is almost over. This year, like 2020, has been a time full of challenges for the logistics industry. Many in the industry have been trying to match supply the demand while struggling with labor shortages, COVID-19 and long queues […]
Dry Bulk: Capesize Rates Hit Lowest in Seven Months
The Baltic Exchange’s dry bulk sea freight index declined on Wednesday, pressured by lower rates across the capesize vessel segment, recording its lowest level since June. The overall index, which factors in rates for capesize, panamax and supramax vessels, lost […]
How to ensure airports don’t become the next supply chain crisis
Brandon Fried, executive director of the US Airforwarders Association, looks at how air cargo hubs can avoid becoming supply chain bottlenecks. As 2021 draws to a close, forwarders and their customers are staring down one of the most stressful business […]
Digitalization: Simulating Cleaner Shipping
Technologies developed and deployed in pursuit of net zero bring environmental and societal benefits for shipping owners and operators to outweigh their own emissions. SIM is a technology with the potential to make a significant contribution to maritime decarbonization, writes […]
The Push for “Green” Ships will Keep Ocean Freight Costs High
Ocean freight costs are likely to remain high in 2022 as investors and regulators scramble to accelerate decarbonization of the shipping industry and companies grapple with green financing, sources say. Shipping, which transports about 90% of world trade and accounts […]
Israeli Ministry Won’t Allow Oil Tankers to Enter Red Sea Resort, Potentially Blocking UAE Pipeline Deal
Israel’s Environmental Protection Ministry said on Thursday that it would not allow oil tankers to enter its Red Sea resort of Eilat as planned under a deal with partners from the United Arab Emirates to transport crude from the Gulf […]
Two Crew Members Missing after Danish and British Vessels Collide in Icy Baltic
Two Danish crew members of a capsized barge were missing in the freezing Baltic Sea on Monday after an overnight collision with a British vessel in a busy maritime route off Sweden. With the pair unlikely to survive long in […]
Air cargo capacity climbs but rates remain high
Air cargo capacity continued to edge back towards 2019 levels at the end of November but strong demand and congestion has continued to push up prices on the transpacific. Figures from Accenture’s Seabury Consulting show that air cargo capacity in […]
Troubled automotive sector hits demand at go-now carriers
Five go-now carriers are reporting a decline in demand over the last few months as a result of disruption to automotive supply chains. AVEM AERO, Flightline, Business Wings, RAF-AVIA and another anonymous carrier said that demand for urgent cargo was […]
First Ship Fit with ‘Seawing’ Kite Propulsion System
A French ro-ro ship will be the first commercial vessel to trial a novel wind-assisted propulsion system designed to curb emissions from shipping Airseas said it has installed its Seawing system on the vessel Ville de Bordeaux owned and operated […]
US Retail Imports Grow at Record Pace Despite Pandemic
Imports at the United States’ major retail container ports are expected to end 2021 with both the largest volume and fastest growth on record despite supply chain disruptions brought on by the COVID-19 pandemic, according to the monthly Global Port […]
Moscow Eyes Ban on Foreign Ships Carrying Russian Fuel via Northern Sea Route
Russia is considering banning foreign vessels from shipping Russian energy cargoes via the Northern Sea Route, as well as from icebreaking and coastal navigation, the Kommersant newspaper reported on Tuesday citing a draft government resolution. The step, proposed by the […]
Air cargo continues to tackle transpacific ULD shortage
There are a variety of reasons for the ongoing ULD shortage and it is “extremely difficult” to predict how long it will persist, according to Frank Hung, vice president of sales and marketing for Descartes’ CORE Transport Technologies. Speaking exclusively […]
Maritime Industry Will Struggle to Hit Zero-emissions Target, SMT Says
Shipping companies under pressure to cut emissions by 50% by 2050 will struggle to find alternative energy sources that completely reduce their carbon footprint, says maritime training provider Stream Marine Training (SMT). World leaders at the recent COP26 Summit in […]
Shipping Costs: Another Danger for Inflation-watchers to Navigate
Much like the coronavirus pandemic, and the economic disruption that it has caused, a global shipping crisis looks set to go on delaying goods traffic and fueling inflation well into 2023. Shipping rarely figures in economists’ inflation and GDP calculations, […]
Forwarding market returns to growth led by air cargo
The freight forwarding market is expected to grow by double-digit percentage levels in 2021 compared with last year led by the air cargo sector. The latest market forecast from consultant Transport Intelligence (Ti) shows that the forwarding market (in total […]
10 Tips for Optimizing Your Routes
With the rise in consumer demand for faster, more flexible, and greener fulfillment, supply chain managers are looking to route planning and optimization as a valuable area of focus. This list of tips covers three critical phases: planning (1 to […]
IATA warns knee-jerk Omicron reaction could hit cargo capacity
IATA has warned that cargo capacity could come under pressure if governments adopt a knee-jerk reaction to the Omicron variant. The airline association said that in October cargo tonne kms increased by 9.4% compared with 2019 levels, but added that […]
World First: Kongsberg Launches Full-scale Hydrogen-based Propulsion System
Norway’s Kongsberg has announced “a world first” by testing and verifying a full-scale, full-size, zero-emissions drivetrain powered by hydrogen fuel cells designed for ships and ferries. The project demonstrates that the technology is now mature for using hydrogen (H2) as […]
World’s First Liquefied Hydrogen Carrier May Leave Japan this Month
The world’s first liquefied hydrogen carrier could leave Japan for Australia to pick up its first cargo of hydrogen late this month though the return date has yet to be set due to COVID-19, Japan’s Kawasaki Heavy Industries Ltd said […]
Climate-neutral maritime transport – a business choice or a survival strategy?
In recent years, more and more haulers have started to look at environmentally friendly transport and are moving towards the goal of becoming climate-neutral, or at least reducing the negative environmental impact of their operations. Company marketing teams are working […]
Panama Maritime Authority, ClassNK Ink MOU on Cybersecurity
The Panama Maritime Authority has signed a Memorandum of Understanding (MoU) with Japan-based Class NK on cyber security. The Panama Maritime Authority, aware of the role that maritime transport represents and the risks it faces because of the technological growth […]
Ship Recycling: What Goes Up, Must Come Down
The recent noteworthy drop in the Indian ship recycling market seems to have reverberated across the sub-continent recycling sector this week, as competing markets start to reverse their vessel offerings in near unison, according to GMS. Bangladesh has remained largely […]
Top 10 Ship Owning Nations
Kicking off the New Year, VesselsValue has put together a list of the top 10 ship owning nations by fleet value in 2017. Greece – $84.079 billion Japan – $80.169 billion China – $68.333 billion Singapore – $38.052 billion United States – $34.432 billion Germany – […]
Cargo Chat: Skyport’s Adamek on handling changes, future expansion
Cargo handlers have been bolstering their handling operations in order to meet the surge in airfreight prompted by the pandemic. To navigate potential backlogs and increased volumes at airports, handlers have utilized technology and employee training to increase operational efficiency. […]
White House Lauds Easing of Supply Chain Clogs, Cites Shipping Competition Concerns
The White House on Wednesday lauded improvements in clogged U.S. supply chains, with more goods moving than ever before, but said more work was needed to ensure fair competition in a global shipping sector dominated by three alliances of ocean […]
Baltic Dry Index Extends Losses as Vessel Rates Drag
The Baltic Exchange’s dry bulk sea freight index fell for a fifth straight session on Wednesday to its lowest in more than five months, as rates slipped across all vessel segments. The overall index, which factors in rates for capesize, […]
Chinese Data Law Adds to Global Shipping Disruption
Ships in Chinese waters are disappearing from tracking systems following the introduction of a new data law in China, frustrating efforts to ease bottlenecks that are snarling the global economy, according to three shipping sources directly impacted. China’s Personal Information […]
Shipping Rate Surge Threatens Global Economy Recovery, UNCTAD Says
A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent on deliveries by sea expected to be hardest hit by a spike in import prices, U.N. agency UNCTAD said on Thursday. A […]
Maiden Voyage For World’s First Electric & Autonomous Container Ship – Yara Birkeland
Yara Birkeland, the world’s first electric and self-propelled container ship has set off for its maiden voyage in the Oslo fjord in Norway. No Friday, today, the Norwegian Prime Minister was given a tour by the CEO of Yara, Svein […]
US Retail Imports Near Record Pace Despite Port Congestion
Imports at the United States’ congested container ports are expected to remain at near-record levels for the remainder of the year as retailers rush to move merchandise from docks to shelves in time to meet the expectations of holiday shoppers, […]
China Issues Additional LSFO Quotas for 2021
China has issued new export quotas for the export of low-sulphur fuel oil (LSFO) used to power ships and for other refined fuels such as gasoline and diesel for the rest of 2021, according to a trading source and document […]
OpEd: Why We Must Assess Shipping’s Route to Decarbonization
Despite transporting roughly 90% of the world’s cargo, the shipping industry has so far been underrepresented in the global decarbonization discussion. This rhetoric is however changing. For the first time in history, shipping was officially on the agenda at the […]
Countries Agree to Create Green Shipping Lanes in Pursuit of Zero Carbon
A coalition of 19 countries including Britain and the United States on Wednesday agreed to create zero emissions shipping trade routes between ports to speed up the decarbonization of the global maritime industry, officials involved said. Shipping, which transports about […]
IMO Creates International Day for Women in Maritime
The International Maritime Organization (IMO) Council, meeting from November 8-12, established an International Day for Women in Maritime, to be observed on May 18 every year. Once adopted by the IMO Assembly in December 2021, the observance will celebrate women in […]
ABB and Hyundai Global Service Offer Engine Optimization to Cut Ship Emissions
Hyundai Global Service (HGS), the aftercare division of shipbuilder and engine maker Hyundai Heavy Industries, has teamed up with ABB Turbocharging to offer an engine part-load optimization (EPLO) service for shipowners seeking to cut emissions in line with the International […]
Maersk Says Port Delays Will Stretch into New Year
The chaos that has bedeviled global supply chains in recent months will extend into next year, with a lack of truck drivers preventing hundreds of container vessels from offloading goods around the world, shipping group Maersk said. “The whole system […]
US Regulator Expects to Find Abuses in Shipping Amid Supply Chain Woes
The head of a U.S. commission that oversees ocean transportation said in an interview on Tuesday he suspects some ocean carriers have improperly charged importers, one of many factors driving supply chain woes. A broad range of companies importing goods […]
National economies are blooming – what difficulties does this create for sea freight carriers?
It is no secret that the rapid rise in demand and the closure of ports due to COVID-19 in the early stages of the pandemic developed cargo ship congestion in ports in Europe, China, and elsewhere in the world. After […]
Autonomous freight transport – by sea and on land. Is the future as bright as it looks?
Many technology experts unanimously acknowledge that autonomous transport is the inevitable future of freight transport. This is also evidenced by the fact that in recent years, more and more countries around the world are beginning to take the first steps […]
Tidal mooring deal
A mooring solution will help the world’s first floating tidal energy array perform well. This year, Scottish renewable energy firm, Sustainable Marine will deliver the first development phase of the Pempa’q In-stream Tidal Energy Project, located in the Bay of […]
Falcon aids Turkish operations
Saab Seaeye’s Falcon portable underwater vehicle will aid marine operations in Turkey. Turkish marine operations company, ARAS Marine will use the Falcon to support the wide range of projects it undertakes in both International and Turkish territorial waters. These projects […]
Spanish/ German decarbonisation partnership
The president of the Port Authority of Valencia Aurelio Martínez, has held a working meeting with the president of the Hamburg Port Authority Jens Meier. Both institutions have drawn up a common roadmap to work in a coordinated manner in […]
Lightweight sterngear for a greener planet
A UK marine propulsion specialist company is partnering with the National Composites Centre to design lighter, more sustainable propulsion systems. The CAPSULE project is a feasibility study aimed at adapting composite material technology developed for the aviation industry to the […]
100% vessel recycling shows UK ambition
The decommissioning of ‘Oceanic Pintail’ in Scotland has ‘set the standard others must follow’ after 100% of the 3,865-tonne specialist nuclear vessel was recycled. Nuclear Transport Solutions (NTS), which operated Oceanic Pintail, set Dales Marine Services the challenge of ensuring 98% […]
First offshore wind underwater substation
An offshore wind developer has outlined plans to utilise Scotland’s first offshore wind underwater substation as part of its bids for major offshore windfarms. Aker Offshore Wind said its sister company Aker Solutions would develop, manufacture, and supply the multi-million subsea […]
Solar continuity
In a recent blog post, John Caskey of Hydrosphere has suggested that the recently accelerated move towards zero carbon shipping could also herald significant investment in Aids to Navigation. A team of researchers from the Maritime Research and Innovation UK […]
French ports combatting vessel surging
In order to offer optimum service to its customers during their calls at Le Havre, Haropa Port has installed a ShoreTension system. Ships regularly have difficulty in keeping securely alongside quay, a problem known as ‘surging’, which refers to back […]
Alicat wins world first contract
UK shipbuilder Alicat has been selected to build the world’s first hybrid powered daughter craft fleet. Great Yarmouth-based Alicat has been awarded North Star Renewables’ initial multi-million-pound contract to bring its first two daughter craft to the renewables market. The […]
Industrial hydrogen pioneer
The world’s first industrial site for renewable green hydrogen production using wind turbines has been inaugurated. French hydrogen producer Lhyfe said its plant in Bouin (Vendée), France is now producing the first renewable green hydrogen in the world made using […]
Automation solutions partnership
A new partnership aims to provide complete automation solutions from a single trusted source. Rolls-Royce and Sea Machines Robotics have announced a new collaboration that will deliver remote command, autonomous control and intelligent crew support systems to the marine market […]
Unique Archimedes is finally in service
A diving support ship billed as “technically extremely complex” and unique to Europe has gone into service in Germany, reports Tom Todd. The German Waterways and Shipping Agency WSV invested €24.57 million in the 69.88m x 11.76m wide newbuild Archimedes, which […]
Wallenius Sol route expands
Shipping company Wallenius Sol is expanding one of its European route networks. The company will link Skelleftehamn in Sweden with Finland and Zeebrugge and Antwerp in Belgium, by including the Port of Skellefteå in its route network. The service will […]
First Sonardyne navigator sale
Sonardyne has announced the first sale of its new SPRINT-Nav Mini navigator. Subsea technology specialist Seatronics has purchased the world’s smallest hybrid acoustic-inertial navigation instrument for its VALOR remotely operated vehicle (ROV), itself designed to be the smallest, most powerful […]
Boluda cuts fuel and emissions
Boluda Towage Europe has cut its fuel consumption and CO2 emissions using innovative technology. In 2020, Boluda Towage Europe fitted out its Union Koala tug with C-Sense’s Eco Pilot fuel consumption monitoring system and one year on has cut Union Koala’s fuel […]
AI will improve vessel efficiency
Lloyd’s Register has acquired GreenSteam, a marine data intelligence company specialising in improving vessel efficiency through machine learning. The acquisition will be integrated and managed by i4 Insight, a subsidiary of Lloyd’s Register. i4 Insight, part of LR’s Maritime Performance […]
12,000 mile test bed for hybrid powered CTVs
MHO-Co’s two new crew transfer vessels– ‘MHO Asgard’ and ‘MHO Apollo’ – have been put through their paces, having travelled from China to Denmark. The 12,000 nautical mile journey was a voyage of discovery for Volvo Penta and Danfoss Editron, […]
Foiling ferry developer proposes CTV
Grant funding has been awarded to investigate the feasibility of fully electric foiling crew transfer vessels for the offshore wind industry. A study, led by Northern Ireland maritime design and applied technologies company Artemis Technologies has been awarded £533,000 to […]
Tackling underwater noise pollution
Sinay is helping tackle underwater noise pollution in the Mediterranean Sea. The company uses Artificial Intelligence (AI) to identify the noise level produced by humans which negatively affects marine life. The Sinay Hub dedicated Underwater Acoustics Module is a single […]
Digital twin development will aid hydrogen moves
IOTICS is creating a digital twin of Portsmouth International Port as part of an ambitious £1.5m project to demonstrate an achievable modular green hydrogen generation system within the Port. The Shipping, Hydrogen & Port Ecosystems UK (SHAPE UK) project is […]
5kg fire extinguisher cabinet
A new IP56 ingress rating fire extinguisher cabinet is set to launch in September. The JB84 cabinet from Jo Bird is designed to store the vast majority of 5Kg CO2 portable fire extinguishers as well as taller 12Kg/litre fire extinguishers. […]
Hydrogen central to Orkney’s bold decarbonisation plan
The £2.2 million HIMET (Hydrogen in an Integrated Maritime Energy Transition) project in Orkney will explore solutions for decarbonising ferries as well as shore-side activities. It is one of 55 projects selected for funding under the Department for Transport’s flagship […]
Marine radio with smartphone control
A new marine radio with smartphone control will help make communications management easier than ever. Icom UK’s IC-M510 VHF/DSC marine radio offers smartphone control using the RS-M500 app (iOS/Android). “Up to three smartphones can act as remote controllers via the […]
Replaceable battery containers save recharging time
A rapidly switched over battery container solution will enable inland waterway vessels to operate with zero emissions and no range anxiety. The first order, comprising three units, was placed by ZES (Zero Emission Services) BV, a Netherlands based company founded […]
Peak Shipping Season: How to Prepare Your Business
Are you ready for the peak shipping season? To take full advantage of the increased sales opportunities during the holiday retail season (representing a significant portion of annual sales for most businesses), you need to be well prepared for increased […]
Meeting bandwith demands of remote vessel surveys
Lloyd’s Register and Inmarsat have announced an industry-first collaboration that will address challenges experienced during remote surveys. The new solution uses LR Remote, a specifically engineered application for remote inspection that enables crew members to livestream video, photos and audio […]
Are ECDIS systems being used correctly?
An investigation of recent vessel groundings has led Danish and UK authorities to ask searching questions about current ECDIS training and system design. In investigations of groundings since 2008 in which Electronic Chart Display and Information Systems (ECDIS) were the […]
Decarbonization stairway
Classification society DNV has released its latest Maritime Forecast to 2050, part of the Energy Transition Outlook (ETO) suite of reports. Conceived to help shipowners navigate the technologies and fuels needed to meet global greenhouse gas (GHG) targets, the report […]
Offshore floating solar project first
Bureau Veritas has given Approval in Principle (AiP) to an offshore floating solar technology for the first time. The AiP was given to Dutch renewable energy company SolarDuck for its offshore floating solar solution ‘King Eider’, designed to help meet […]
Electrification not enough to meet net zero target
A new forecast of the energy transition from DNV has warned that even if all electricity was ‘green’ from this day forward, the world will still fall a long way short of achieving the 2050 net zero emissions ambitions of […]
Energy harvesting smart buoy prototypes
Nagasaki University and Kyocera Corporation have announced their joint development of an Energy Harvesting Smart Buoy. The new technology combines Nagasaki University’s tidal current power generation technology with Kyocera’s IoT technology to collect reliable ocean data. Prototype buoys can collect […]
Efficiency optimisation tool
Vessel Performance Solutions’ Vesper efficiency optimisation tool is now available on Kongsberg Digital’s Kognifai Marketplace. Vesper is a tool developed by Vessel Performance Solutions (VPS) for optimizing operational efficiency through advanced modelling and analytics. Vesper supports current environmental reporting such […]
A busy year in floating scaffolding
A year ago an innovative new system called ScaffFloat was launched into the market, combining custom plastic floats with standard scaffold components. The modular and cost-effective structural system can make pontoons, lifting barges and temporary workboats that are available to […]
Healthy order books for tug builders
Shipyards are experiencing a busy period with the awarding of five contracts to report, three involving multiple vessels making a total of 15 newbuilds on their way. Top of the numbers league is the design office of Merré who according […]
Are we ready for future logistics and supply chains?
The pandemic has led to significant changes in various sectors, including logistics, prompting many companies to adopt more sustainable and responsible solutions. Technology is playing an increasingly important role in ensuring uninterrupted supply chains, even in challenging conditions. Future logistics […]
What is the Cheapest Way to Ship for a Small Business?
Keeping the cost of logistics low is important for small businesses. Whether you’re looking to expand your customer base or simply offer shipping services to existing customers, you need to know how you can ship affordably. Implementing a shipping strategy […]
Demand grows for hire equipment
Demand is growing for short and mid-term use marine hire equipment that doesn’t involve the costs and maintenance of brought equipment. Dynamic Load Monitoring (DLM) is continuing to invest in its hire equipment, such as its running line monitors (RLMs), […]
Unlimited changes to onboard connectivity
Satcom Global recently launched of AuraNow, a maritime VSAT solution promising simultaneous access to high performance bandwidth along with significant cost savings. According to Satcom Global, for the very first time, vessel managers and owners will be empowered to make […]
Report reveals commitment to sustainability
A new research report titled ‘Serious About Sustainability’, reveals where sustainability sits on the maritime sector’s priority list. The report from Trelleborg’s marine and infrastructure operation covers key business drivers for sustainability and what actions are having the most immediate […]
Modular onshore beacons reduce logistics costs
Logistics in marine works are frequently more expensive than the equipment installed. This is certainly true with marine aids to navigation (AtoN) equipment in locations with difficult access. In some cases, the financially unpalatable proposition of placing equipment with helicopters […]
The future of intermodal transport and multimodal logistics
Intermodal transport and multimodal logistics are concepts that are increasingly appearing both in studies by logistics experts and on the agenda of the European Economic and Social Committee. It is often said that making modes of transport complementary is a […]
Changes to European Union (EU) VAT Rules
The European Union (EU) made some important changes to its Value-Added Tax (VAT) rules, which came into effect July 1, 2021. These rules apply to any shipment of goods going into the EU. While these reforms primarily target business-to-consumer (B2C) […]
Skid vs. pallet – what is the difference?
If you are planning a freight shipment, there are factors to consider based on what you are shipping and the materials you have available. To start preparing your freight shipment, you may ask yourself what is the difference between a […]
9 tips for successful freight shipping
If you are new to freight shipping or have some questions on how to manage your logistics needs properly, we have pulled together nine tips for successful freight shipping. Freight transit time is an estimate: when a client asks, ‘when […]
Container transport industry on the verge of new profitability
It is no secret that the pandemic has created chaos for retailers and manufacturers trying to balance supply and demand. A recent study “The Shipping Crisis” shows that retailers and manufacturers have found it increasingly difficult to keep store shelves […]
Silk Way West Airlines expands fleet
Silk Way West Airlines has expended its aircraft fleet with the signing a purchase agreement for five Boeing 777 freighters. This is the first order for Boeing 777 freighters in the Central Asia and Caspian region. The Boeing 777F is […]
Impact of Covid-19 on container freight and global trade
The pandemic has caused a serious health and social crisis, as well as an economic turmoil, but for some container carriers, this is also a time of opportunity. Unforeseen profits, freight congestion, freight rate inflation, accelerating fleet expansion – this […]
Impact of Covid-19 on container freight and global trade
The pandemic has caused a serious health and social crisis, as well as an economic turmoil, but for some container carriers, this is also a time of opportunity. Unforeseen profits, freight congestion, freight rate inflation, accelerating fleet expansion – this […]
ACL adds 150 reefer containers to fleet
Atlantic Container Line (ACL) is adding 150 new containers with Carrier Transicold PrimeLine refrigeration and Lynx Fleet, a digital monitoring system, to its fleet. The units will be placed into service on trade routes between western Europe and the United […]
AD Ports expands vaccine supply chain solution
In a move designed to enhance the UAE’s COVID-19 vaccine supply chain, Abu Dhabi Ports has announced the acquisition of 11 new specialised refrigerated vehicles by its subsidiary, MICCO Logistics. The acquisition, which is part of a broader strategy to […]
Wärtsilä and Tanger Med to co-develop new PMIS
Wärtsilä has partnered with Tanger Med, the largest Mediterranean and African container port, to take a new step forward in global port efficiency by co-developing a new cutting-edge port management information system (PMIS). Both organisations sealed their long-term commitment to […]
South Korea container ports report Q1 volumes up
The volume of container cargo processed at South Korea’s seaports rose 1.3 percent on-year in the first quarter of 2021, according to the country’s Ministry of Oceans. Container cargo processed at the seaports reached 7.29 million twenty-foot-equivalent units (TEUs) in […]
Skyport gets new owners
Prague based Skyport has been acquired by infrastructure investment firm Ventus and Singapore company Sky Logistica Pte Ltd. Skyport is the leading cargo handler at Prague Airport in the Czech Republic and also has operations in Bratislava and Košice, both […]
Cargolux posts record profits for 2020
Cargolux posted record net profits of $768.7m for 2020 as the drop in bellyhold capacity increased demand for all-cargo aircraft. The outlook for 2020 was originally quite bleak with production halted in China, due to the outbreak of what ultimately […]
Economic Stabilization or Destabilization of Countries?
Having performed small study on the information provided in the public space in relation to the global economy after yet another postponed “Brexit” transaction, I can draw a conclusion that the economic recession of some countries still moderately continues, while [...]
Maersk posts strong results for Q1 2021
A.P. Moller – Maersk reported an exceptionally strong start to the year, with strong earnings and growth momentum across all its businesses in ocean, port services and logistics. Strong demand coupled with significant operational challenges such as bottlenecks, lack of […]
Port of Rotterdam investigates hydrogen supply chains
The Port of Rotterdam together with German steel companies thyssenkrupp Steel and HKM is to investigate setting up international supply chains for hydrogen. In the course of their transformation paths towards climate-neutral steel making, thyssenkrupp Steel and HKM are going […]
Lufthansa rolls out sharkskin technology
AeroSHARK, a surface film that mimics the fine structure of a shark’s skin, is to be rolled out on Lufthansa Cargo’s entire freighter fleet from the beginning of 2022, making the aircraft more economical and reducing emissions. The surface structure […]
Montreal port says work to resume
Striking dockworkers at Canada’s second-biggest port will gradually return to work, according to the Montreal Port Authority (MPA). The Canadian government has passed legislation which makes it illegal for dockworkers at the Port of Montreal to continue their strike, although […]
United Airlines expands India relief efforts
United Airlines has expanded its efforts to support those impacted by the Covid-19 crisis in India with the launch of a new online fundraising campaign. Customers can donate to the airline’s relief partners: Airlink, Americares, GlobalGiving Foundation and World Central Kitchen. United […]
CMA CGM orders 22 container ships
French container shipping group CMA CGM has ordered 22 ships from China State Shipbuilding Corporation (CSSC) Group. All the vessels under order are either powered by liquefied natural gas (LNG) or very low sulphur fuel oil (VLSFO), with deliveries planned […]
MSC rolls out e-Bills of Lading
MSC has launched a new digital solution for processing the Bill of Lading (BL) online. The solution aims to ensure that all the parties involved in a cargo shipment booking can issue, transfer, endorse and manage the bill of lading […]
SFCT nears completion of upgrade
South Florida Container Terminal (SFCT) is nearing completion of its three-year modernisation project to prepare for future growth. The project focused on transforming the land into a more sustainable operation with new, electric rubber tire gantry (RTG) cranes and added […]
Dronamics signs up German airports
Dronamics has signed up its first three German airports to its European network that will see cargo drones fly between them. The company, which is developing drones capable of carrying up to 350kg of cargo up to 2,500km, said the […]
MASIL JV starts operations in Baghdad
Menzies Aviation’s joint venture (JV) with Iraqi Airways – MASIL – has begun cargo operations at Baghdad International Airport MASIL, a joint venture between Menzies Aviation, Iraqi Airways, Air BP Limited, and Al Burhan Group, began operations at Baghdad International […]
Port of Antwerp reports stable Q1 results
The Port of Antwerp reported total throughput for the first quarter stable at 59.1 million metric tonnes, compared to the same period last year. Container throughput grew by 0.6 percent (metric tonnes) and 2.3 percent (TEUs) in the first quarter […]
Port of Leixões targets zero emissions by 2035
Portugal’s Port of Leixões is aiming to become the first port in Europe with zero emissions by 2035. Throughout this year, the Port Authority of Leixões (APDL) will present its Energy Transition Roadmap, which should guide concrete actions aimed at making Leixões […]
Renewal of Vessels, instead of Their Liquidation, Means New Challenges for the Shipping
The lifetime of modern vessels lasts from 25 to 30 years, before the layer of corrosion starts covering them, the engines have defects and other types of wear and tear that make the operation of ship not only expensive, but [...]
Genco to acquire Ultramax vessel
Genco Shipping & Trading Limited has announced that it has entered into an agreement to acquire a 2016-built 64 000 DWT Ultramax vessel constructed at Zhejiang Yangfan shipyard in China. The vessel, to be renamed Genco Enterprise, is expected to be […]
Emirates restarts flights to Mexico City via Barcelona
Emirates has announced it will resume four weekly services to Mexico City (MEX) via Barcelona (BCN) from 2nd July 2021, re-opening connectivity and boosting trade and tourism while providing customers worldwide with more connectivity, convenience and choice. The service will […]
US to curb climate-warming emissions from shipping
The United States will join an effort by the International Maritime Organization (IMO) to achieve net zero emissions by 2050 in the global shipping industry, climate envoy John Kerry announced on Tuesday ahead of a climate leaders summit President Joe […]
Koppert signs up to sustainable aviation fuel
Koppert Biological Systems and Air France KLM Martinair Cargo (AFKLMP Cargo) have entered into a partnership as part of the airline’s sustainable aviation fuel (SAF) programme. Under the partnership, AFKLMP Cargo will use SAF on selected international cargo flights carrying […]
AirBaltic builds cargo hub at Riga Airport
AirBaltic is to build a new cargo hub at Riga Airport following the signing of a new land reservation agreement with Latvia’s Riga Airport. The new Baltic Cargo Hub will measure 6,000m squared, making it the largest air cargo handling […]
Maersk halts buying of ships without zero carbon capability
One of the world’s largest shipping companies by fleet size, AP Moller Maersk, has halted purchase of container ships that are unable to totally eliminate carbon emissions, a top company official said late April 20. “Going forward, we will only […]
SeaCube to digitise 2,000 reefer units
SeaCube Containers LLC and Carrier Transcold have announced a strategic refrigerated asset management systems platform engagement. The engagement will see SeaCube become the first intermodal equipment leasing company to incorporate Carrier’s Lynx Fleet solution into its fleet with an initial deployment […]
Brussels Airport reports cargo up 41%
Brussels Airport has reported an increase of 41% in cargo volume for March 2021, compared to the same period in 2020. The growth meant that the airport handled 74,000 tonnes of cargo while full cargo traffic grew by 73% with […]
Leipzig reports growth in air freight
Freight volumes at Leipzig/Halle Airport, Europe’s fourth-largest air cargo hub, rose by 20.9% to a figure of more than 359,000 tonnes during the first quarter of this year. The German airport saw air cargo demand increase by 20.9% year on […]
Etihad Cargo lists on CargoWise
Etihad Cargo has advanced its international digital booking reach through a new partnership with WiseTech Global Limited, enabling the carrier to list its airfreight capacity on cloud-based digital air cargo platform CargoWise. Martin Drew, senior vice president sales and […]
Panama Canal delays increase in transit fees
The Panama Canal Authority (ACP) has delayed an increase in canal transit fees following calls from the shipping industry to reconsider the rate hikes amid a spate of global supply chain disruptions. The higher rates for the canal’s transit reservation […]
Turkish Cargo signs up to WebCargo
Turkish Cargo will soon provide forwarders around the world with the ability to conduct real-time eBookings, access live rates, and see available air cargo capacity through WebCargo, a Freightos Group company. This provides critical agility as air cargo contends with […]
Port of Los Angeles posts 113% jump in volumes
The Port of Los Angeles registered a 113% jump in container volumes for March, compared to the same period 2020 when global trade slowed to a crawl after the onset of the COVID-19 pandemic. “As more Americans get vaccinated, businesses […]
Hapag-Lloyd signs $550m order for containers
Hapag-Lloyd has ordered 150,000 TEU from China – both dry boxes and state-of-the-art reefer containers, roughly $550 million – making it one of the biggest container orders in the history of Hapag-Lloyd. Some of the boxes were already delivered to Hapag-Lloyd and integrated […]
RVL adds Saab 340B to cargo fleet
RVL Aviation has added a second Saab 340B aircraft to its East Midlands Airport-based fleet, to meet the increasing cargo payload needs of the airline’s national and international logistics customers. The first Saab joined RVL in January and the second arrived […]
Suez Canal blockage exposes supply chain risks
International freight transport and logistics insurer, TT Club has alerted supply chain operators to the consequential impact of disruption stemming from recent blockage in the Suez Canal and urges a greater emphasis on resilience. Global supply chains already strained by […]
KLM Cargo introduces cargo seat bags
KLM Cargo has partnered with its long-time Cargo equipment supplier Trip & Co to design a user-friendly, easy-to-install quality product. Basing its design on KLM’s considerable Cargo in Cabin experience, Trip & Co has produced the tailor-made Cargo Seat Bag […]
Port of Felixstowe enhances deep-water berth
Hutchison Ports Port of Felixstowe has further enhanced its deep-water berth capacity following the successful completion of strengthening and dredging works to Berth 7 on Trinity Terminal. Berth 7 – one of the Port of Felixstowe’s nine container berths – […]
HIT launches reefer monitoring system
Hongkong International Terminals (HIT) has the launched a remote reefer container monitoring system, establishing 24/7 remote management of refrigerated containers. The initiative allows greater visibility and accuracy on container conditions such as temperature, humidity and CO2 level, aiming to enhance […]
CMA CGM to use biomethane as a fuel
CMA CGM Group has launched a low-carbon shipping offer utilising biomethane as a fuel. The company has supported the production of 12,000 tonnes of biomethane – equivalent to a year’s fuel consumption by two 1,400 twenty-foot-equivalent (TEU) ships. The green […]
MSC launches new Asia – Europe connection
To mitigate the impact of the Suez Canal blockage MSC is launching a new intermodal rail freight option connecting Europe and Asia. This new offer will combine both sea and rail service departing from China, Korea and Japan to Europe, […]
DHL Group reports strong Q1 results
Deutsche Post DHL Group annoucned results for the first quarter of 2021 and has raised its outlook for the current financial year. Preliminary operating profit (EBIT) for the first three months improved to around € 1.9 billion (Q1 2020: €592 million). […]
Brussels Airport gets new logistics building
After two years of construction work, a new logistics building for the handling of goods was officially opened in the logistics area at Brussels Airport. This building which provides large refrigerated storage spaces and offers direct airside access, accommodating three […]
Inventory of hazardous substances in container vessels: another necessary but bureaucratic burden for carriers
The European Union is working very hard to make ship recycling greener and safer in the future. It is quite clear that the dismantling of ships in many parts of South Asia in a way it is being done is [...]
Shell invests in SAF company
Shell has invested an undisclosed sum into Sustainable Aviation Fuel (SAF) LanzaJet. The investment comes as LanzaJet continues its work to build the first Alcohol-to-Jet (AtJ) facility, a commercial-scale plant (10 million gallons per year capacity) in Soperton, Georgia, US. Freedom […]
Adani Ports ups stake in Krishnapatnam Port
Adani Ports and Special Economic Zone Ltd. (APSEZ) has acquired the remaining 25 percent in Adani Krishnapatnam Port Ltd, increasing its stake from 75 to 100 percent. Krishnapatnam Port is located on the east coast of India in Nellore district […]
DP World Southampton secures £40m investment
DP World has announced that Southampton, Britain’s second largest container terminal, will benefit from a £40 million programme of investment in 2021 designed to take it up to the next level as a premier international freight and logistics hub. The […]
Stolt Tanker trials marine biofuel
Stolt-Nielsen subsidiary Stolt Tankers is teaming up with alternative fuels pioneer GoodFuels to trial the use of marine biofuel. The biofuel, produced from feedstocks, such as used cooking oil, tallow and waste animal fats, will be used on board the […]
Suez Canal may expand southern channel
The Suez Canal Authority is considering expanding the southern section of the waterway where the container ship Ever Given became stranded, its chairman said. It is also looking into procuring cranes that could potentially offload cargo at heights of up […]
Container carriers adopt DCSA standards
The world’s largest container carriers have adopted DCSA Track & Trace (T&T) standards with a commitment to providing customers access to the standards-based API. The DCSA T&T API provides a streamlined way for shippers to receive real-time, cross-carrier data regarding […]
TIACA calls for action on critical challenges
The International Air Cargo Association (TIACA) called for action to address critical challenges being faced by the air cargo industry. The organisation has completed a year long transformation program which has created a forward-looking association well positioned to unite and […]
Southwest Airlines Cargo earns top award
Southwest Airlines Cargo is being honoured for its consistent work delivering outstanding service for its customers in 2020. The carrier was recently named the Airforwarders Association’s domestic airline of the year for the 12th consecutive year. The Airforwarders Association ranked Southwest […]
IAG Cargo celebrates 10-year milestone
IAG Cargo has celebrated its 10-year anniversary this month, as it marks a decade of transporting vital shipments safely and efficiently for customers across the world. IAG Cargo was created in 2011 following the merger of British Airways World Cargo […]
Amazon expands relationship with Cargojet
Amazon has expanded its existing commercial relationship with Ontario-based freighter operator Cargojet through a deal to operate two Boeing 767-300 freighter aircraft on behalf of the e-commerce giant. Cargojet expects the agreement to generate additional revenue growth to Cargojet’s earnings […]
UPS adds electric cargo aircraft to fleet
UPS plans to add electric Vertical Takeoff and Landing (eVTOL) aircraft to its air fleet. The aircraft will take off and land in a whisper-quiet fashion, reducing time-in-transit, vehicle emissions, and operating cost. The aircraft will be purchased from Beta […]
Inventory of hazardous substances in container vessels: another necessary but bureaucratic burden for carriers
The European Union is working very hard to make ship recycling greener and safer in the future. It is quite clear that the dismantling of ships in many parts of South Asia in a way it is being done is [...]Drewry: World Container Index 220.2% higher than last year
The composite index inched up 0.2% or $12 this week, and also, remains 220.2% higher than a year ago. The average composite index of the WCI, assessed by Drewry for year-to-date, is $5,139 per 40ft container, which is $3,381 higher […]
America’s imports floating just off Los Angeles
The giant container ship that blocked the Suez Canal for six days was freed, but another bottleneck in the supply chain remains, this one in Southern California. On Monday morning, 24 container ships—with a combined maximum carrying capacity nearly 10 […]
Seaspan orders 15,500 TEU container ships
Seaspan Corporation (Seaspan), a wholly owned subsidiary of Atlas Corp. (Atlas), has entered into an agreement with a major shipyard for six 15,500 TEU modern new build container ships. The six high-quality 15,500 TEU containerships will be scrubber-fitted and include […]
MNG Airlines signs up for A330P2F
MNG Airlines has signed a contract with Elbe Flugzeugwerke GmbH (EFW), joint venture of ST Engineering and Airbus, for the passenger-to-freighter (P2F) conversion of two Airbus A330-300 aircraft. The first A330 aircraft was inducted for conversion on 1 April, while […]
Dronamics launches cargo drone airline
Dronamics, a developer and operator of large cargo drones, has announced the launch of Dronamics Airlines with companies in Ireland, Australia and Canada that will manage the airfreight operations for same-day delivery services with its proprietary unmanned cargo drone – […]
Lufthansa Cargo opens carbon neutral route
Lufthansa Cargo and DB Schenker are to launch the first regular carbon neutral cargo flight route, operating between Frankfurt and Shanghai. The fuel requirements on the flights are covered entirely by Sustainable Aviation Fuel (SAF), which are estimated to save […]
Yang Ming upbeat due to high shipping rates
Yang Ming Marine Transport Corp gave a rosy outlook for the first half of this year on expectations that container shipping rates would remain high. A combination of a shortage of empty containers and traffic congestion at ports worldwide due […]
Asia-Pac air traffic remains depressed in February
Air traffic in the Asia Pacific region has remained depressed in February this year. New figures released by the Association of Asia Pacific Airlines (AAPA) shows that the region’s airlines carried only 1.2 million international passengers during the month – […]
Pharma.Aero and HLA sign MoU
Pharma.Aero and HLA have established a formal basis of collaboration by signing a Memorandum of Understanding (MoU). This collaboration will enable both organisations to combine forces in strategic projects that will improve quality in global air cargo industry, with a […]
Antonov delivers 370-tonne cargo
Antonov Airlines had to mine its expertise when it moved 370 tonnes of new machinery parts from Australia to Brazil. The cargo airline used three Antonov AN-124 aircraft to deliver the mining equipment, two pieces of which required specially designed […]
Renewal of Vessels, instead of Their Liquidation, Means New Challenges for the Shipping
The lifetime of modern vessels lasts from 25 to 30 years, before the layer of corrosion starts covering them, the engines have defects and other types of wear and tear that make the operation of ship not only expensive, but [...]
The Ever Given is partially afloat, raising hopes traffic can soon resume
The 400-metre (430-yard) long Ever Given was successfully re-floated at 4.30 am local time (0230 GMT) and was being secured, Inchcape, a global provider of marine services said on Twitter. A huge container ship blocking Egypt’s Suez Canal for nearly […]
CP and KCS agree to merge networks
Canadian Pacific Railway Limited (CP) and Kansas City Southern (KCS) have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD$29 billion, which includes […]
Hapag-Lloyd to issue green bond
Hapag-Lloyd AG plans to issue a sustainability-linked corporate senior note in the amount of €300 million, which will comply with the principles of the International Capital Market Association (ICMA). The sustainability-linked senior note is associated with a clearly defined sustainability […]
First ship-to-containership LNG bunkering at Port of Singapore
Asia’s first ship-to-containership LNG Bunkering has been undertaken by CMA CGM and FueLNG at the Port of Singapore. A containership, CMA CGM Scandola, was fuelled with 7,100m3 of LNG from FueLNG Bellina, Singapore’s first LNG bunkering vessel. Senior Minister of State […]
HMM takes delivery of 16,000 TEU containership
HMM has taken delivery of HMM Nuri, the first of eight 16,000 TEU-class newbuild containerships, built at the Ulsan shipyard of Hyundai Heavy Industries. HMM Nuri will be deployed on the Far East Europe 4(FE4) route under The Alliance’s product […]
ANA adds capacity to Narita-Los Angeles route
All Nippon Airways (ANA) is increasing its cargo capacity between Los Angeles and Tokyo Narita airports with the introduction of Boeing 777 Freighters (777Fs). The aircraft will replace the Boeing 767 Freighters currently used on the route and should double […]
AirBridgeCargo delivers reindeer
AirBridgeCargo, one of the leading all-cargo carriers in the transportation of live animals, has successfully delivered four reindeer from Moscow to Frankfurt. Four two-year-old animals, weighing around 150 kilograms each, were safely delivered to Wuppertal Zoo in Germany. Peter Novozhenov, […]
IATA launches digital cargo platform
The air cargo industry has seen exponential growth over the past year due to the COVID-19 pandemic. While speed is the name of the game in the air cargo industry, the pandemic has bottlenecked the supply chain. IATA, the International […]
Suez Canal blocked by Evergreen container ship
The Ultra Large Container Ship (ULCS) #EVERGIVEN showing her bow firmly aground on the east Bank of the #Suezcanal and blocking about 10% of the world’s trade. pic.twitter.com/obDpU8w3ed — Sal Mercogliano ?⚓??? (@mercoglianos) March 24, 2021 Since Tuesday, the passage […]
Railway technologies in global leadership and in the perspectives of ‘Green Thinking’ people
Railway history goes back almost 2000 years, and today it has developed so far that the countries can compete for the most advanced railway technologies in the global market. Besides, in many places in the world the industry starts using […]
Port of Barcelona measures value of digitalisation
The Port of Barcelona has begun the process of collecting data to produce its new economic impact study of commercial and digital activity. The study aims to assess the port’s commercial dimension and especially to learn what added value it […]
Oman Air achieves IATA CEIV Pharma
Oman Air, the national carrier of the Sultanate of Oman, has been certified IATA Center of Excellence for Independent Validators for Pharmaceutical Logistics (CEIV Pharma). In successfully obtaining the industry-wide standard, Oman Air now aims to grow its participation as […]
Wilson Sons acquires stake in tech startup
Wilson Sons has acquired a minority stake in Israeli startup Docktech along with a commercial exclusivity agreement to use the company’s maritime technology to monitor berth and waterway depth in Brazilian ports. The acquisition will enable the Brazilian port and […]
Lufthansa Cargo expands CEIV Pharma network
The Lufthansa Cargo pharma centres in Munich and Chicago, which opened in summer 2020, were recently CEIV Pharma-certified. This means that, in addition to CEIV Pharma certification as an airline, Lufthansa Cargo offers a pharma network of 32 stations worldwide. After […]
Port of Antwerp upgrades Europa Terminal
To enable Europa Terminal to handle the largest container vessels, Port of Antwerp is planning to deepen the quay wall of this terminal in dialogue with PSA Antwerp, the operator of the terminal. To this end, the current quay wall […]
BoxBay completes milestone at Jebel Ali Port
BoxBay, joint venture between DP World and SMS Group, has successfully completed the first 10,000 container moves in the BoxBay high bay store system at Jebel Ali Port. The milestone demonstrates the disruptive technology concept works, and makes possible dramatic […]
Emirates marks year of passenger freighters
On Monday, 16 March 2020, Emirates flight EK 2503 took off from Dubai to Kuwait. Although operated on a Boeing 777-300ER passenger aircraft, EK 2503 carried no passengers but about 34 tonnes of bellyhold cargo that was urgently required in Kuwait. […]
Cathay Pacific expands pharma corridor
To increase links with the European vaccine production hub, Cathay Pacific Cargo announces adding additional capacity to operate on the pharma corridor between the Belgian capital and Hong Kong. The extra cargo flights are planned until June and the schedule […]
Cargojet announces new director appointment
Cargojet Inc. has appointed Alan Gershenhorn to its board of directors, Gershenhorn will stand for election at the corporation’s annual meeting of shareholders on March 30, 2021. James R. Crane resigned from the board in line with best corporate governance practices in […]
Hapag-Lloyd acquires Africa specialist NileDutch
Hapag-Lloyd and NileDutch have signed a sale and purchase agreement where Hapag-Lloyd acquires all shares of the Dutch container shipping company Nile Dutch Investments B.V. (NileDutch). With over 40 years of expertise, NileDutch is one the leading providers of container […]
PSA and Duisport invest in multimodal facilities
PSA Northeast Asia Supply Chain Pte Ltd (“PSA”) and Duisburger Hafen AG (“Duisport”) have formed a joint venture company, Multimodal Investments Pte Ltd (“MIPL”), to invest in multimodal logistics facilities in Asia. Through MIPL, duisport will take a stake in PSA’s current […]
WFS joins Brucargo ‘digital green lane’ initiative
Worldwide Flight Services (WFS) is working with Brussels Airport and the Air Cargo Belgium community to help eliminate waiting times for international road feeder services in the latest initiative to support Brucargo’s ‘Digital Green Lane’. Two years ago, WFS was […]
“Smart” Containers will commence a New Era of Cargo Transportation by Sea
The wave of technological modernization has affected transportation containers by transforming them from standard containers into “smart” ones. This revolution in the field of transportation means many advantages by removing different bureaucratic burdens at customs and by protecting the security […]
CMA CGM acquires Gultainer Lebanon
CMA CGM Group has announced the acquisition of all shares of Gulftainer Lebanon, the operator of the Port of Tripoli container terminal. With 14 weekly calls at the ports of Beirut and Tripoli, the Group has a strategic presence in […]
Amerijet delivers COVID-19 vaccines
Air cargo continues to play a key role in the distribution of life-saving vaccines around the world. Amerijet delivered Covid-19 vaccines to the Caribbean and Central America on behalf of Odyssey Logistics Pvt. Ltd. ) These shipments were a part of India’s Government gifted Covishield AstraZeneca […]
ICTSI posts net income of $282m for 2020
Enrique K. Razon, Jr., ICTSI Chairman and President said: “ICTSI has delivered a positive performance in very challenging circumstances and it highlights not only the significant dedication and commitment of our colleagues who have performed strongly throughout the pandemic but […]
PortMiami reports record cargo for January
PortMiami, processed 113,835 twenty-foot-equivalent units (TEUs) in January 2021, an increase of 21.02 percent from the 94,064 TEUs processed in January 2020, the most active month ever recorded. Between fiscal year to date, Oct. 1, 2020, through Jan. 31, 2021, […]
Cathay Pacific reports record £2bn annual loss
Hong Kong’s Cathay Pacific Airways Ltd reported a record annual loss of HK$21.65 billion (£2 billion), caused by a travel downturn, restructuring costs and fleet writedowns. Cathay Pacific’s group chairman Patrick Healy commented: “The Cathay Pacific Group experienced the most […]
Amazon takes stake in air cargo contractor
Amazon has taken a minority stake in Air Transport Services Group (ATSG), an air freight partner that operates a significant share of the company’s aviation logistics unit. Amazon exercised warrants in ATSG that will allow it to acquire about 13.5 million shares […]
MSC ships record 1.9m reefer containers in 2020
Mediterranean Shipping Company (MSC) shipped more than 1.9m reefer container in 2020, surpassing its previous record of 1.8m units transported in 2019. The shipping line said in a statement that, “2020 was another successful year for MSC’s reefer services as […]
ATRAN and AirBridgeCargo deliver engines for Yakutia
ATRAN Airlines (ATRAN) in cooperation with AirBridgeCargo Airlines (ABC), both part of Volga-Dnepr Group, have delivered aircraft engines for Yakutia Airlines from Yakutsk to Paris. Volga-Dnepr’s Cargo Supermarket concept which provides a one-stop-shop experience for all the customers enabled the […]
Cargojet increases quarterly dividend by 11%
The Board of Directors of Cargojet Inc. has declared a cash dividend of $0.2600 per common voting share and variable voting share for the period from January 1, 2021 to March 31, 2021, an increase of $0.0260 or 11.1% per share from the previous quarter. “In recognition […]
Cavotec to sell airport business
Engineering group Cavotec is to sell its airport business in order to focus on the fast growing ports and maritime market. As the market trends and regulatory requirements are expected to drive significant growth in demand for shore power, automated […]
DP World and CPDQ to invest $1.2b in East Java
DP World and its partner Caisse de dépôt et placement du Québec (CDPQ), have signed a long-term agreement with Maspion Group to start the construction of an international container port and industrial logistics park in Gresik, East Java. Work on […]
Were we ready for Brexit?
The year 2021 began not only with an understanding that COVID-19 restrictions will last for some more time, but also with BREXIT – Great Britain leaving European Union (EU). BREXIT was not a sudden event and the fact that the […]
Brexit “Whip” will make a Dent in German Economy
The experts already for a long period assume that the consequences of Brexit will be noticeable in many places globally, and we understand that everybody in the European Union will face both consequences – political and economical. I agree to [...]
UK approves the opening of 8 freeports
The UK Government has approved the opening of eight freeports in England, the new freeports are scheduled to begin operations from late 2021. The locations of the freeports are; East Midlands Airport, Felixstowe & Harwich, Humber, Liverpool City Region, Plymouth […]
Qantas freight division carries international losses
The Qantas Group has been able to offset much of its costs on its international passenger programme through a “record” performance on its freight business. Speaking at the announcement of the Australian carrier’s 2021 half year results to the end […]
Volga-Dnepr to establish emergency logistics hub
Volga-Dnepr Airlines (Volga-Dnepr), part of Volga-Dnepr Group, and Leipzig/Halle Airport (LEJ) have inked the Memorandum of Understanding (MOU) with the aim to set up an Emergency Logistics/Humanitarian Hub. The decision comes as a logical step for further development of long-lasting […]
CMA CGM drives forward energy transition
CMA CGM Group is to dedicate six liquefied natural gas (LNG) powered containerships to the U.S. market as part of the Group’s ongoing efforts to drive forward the energy transition of the shipping industry. Rodolphe Saadé made the announcement at the opening session of TPM, the premiere conference for the trans-Pacific and global container shipping and logistics community. The first of these […]
Airlines continue to burn through cash
The airline industry is expected to remain cash negative throughout 2021, with cash burn estimated to be in the $75–$95 billion range, according to IATA. One reason for this is the weak start to 2021. It is already clear that […]
Port of Santos to berth 14,000 teu containerships
The Brazilian Navy has authorised the Port of Santos to receive vessels of 366 m in length, equating to 14,000 teu, the largest ships calling the East Coast of South America. Currently, the port receives vessels of up to 340 […]
MASkargo flies in first Sinovac COVID-19 vaccines
Malaysia Aviation Group (MAG) cargo subsidiary MABkargo Sdn. Bhd. (MASkargo) has successfully flew in the first batch of Sinovac Covid-19 vaccines from China to Malaysia. Flight MH319, utilising Malaysia Airlines’ Airbus 330-300 aircraft featuring the Malaysian flag livery, departed from […]
LATAM expands cargo operations
LATAM Airlines Group (“LATAM”) is to expand its cargo operations with the conversion of up to eight Boeing 767-300ER aircraft into Boeing converted freighters (“BCF”) in the next three years. This represents a freighter capacity growth of up to […]
CMA CGM Air Cargo to make first flight on March 8
The CMA CGM Group has announced that its new specialist air freight division CMA CGM Air Cargo is to begin operations starting March 8 with the first Airbus A330-200F cargo flight between Liege and Chicago. CMA CGM Air Cargo’s first […]
DHL Express adds converted A321Fs to fleet
DHL Express and SmartLynx Malta have signed an agreement for the introduction of two newly converted Airbus A321-200 freighters joining DHL’s European air fleet. The new technically advanced narrow-body fleet type will add capacity to meet the increasing demand for […]
Port of Oakland container volume down in January
Containerised cargo volume declined at the Port of Oakland in January, the result of spreading supply chain congestion. The Port said that import volume dropped 11.9 percent in January compared to the same period January 2020. Exports were down 11.3 percent. […]
PSA and CDAS partner up to launch SmartBooking
In a concerted effort to drive supply chain orchestration and digitalisation, PSA Corporation Ltd (PSA) and the Container Depot and Logistics Association (Singapore) (CDAS) have launched ‘SmartBooking’ – an integrated one-stop booking platform for container depots, terminals, hauliers and logistics […]
Vessel shortage delays shippers
Malaysian shippers are scrambling to secure containers from any available shipping services at premium rates, or have to rely on air freight for urgent shipments due to container and vessel capacity shortage. The space and vessel shortages are mainly for […]
CEVA Logistics wins Airbus production supply contract
In a major expansion of its international aerospace business, CEVA Logistics has been awarded a contract to manage production supply for Airbus at the aircraft manufacturer’s assembly site in Hamburg, Germany. CEVA will operate the production supply logistics on […]
Port of Sines ends 2020 with container cargo up 13%
The Port of Sines ended 2020 with a 13% increase in containerised cargo compared to the previous year. This was the third best result ever in terms of container handling, with the particularity of having been achieved in a pandemic […]
SpiceJet launches new Singapore – India service
India-headquartered airline, SpiceJet, has launched twice-weekly services between Singapore and three Indian cities – Bangalore, Chennai and Mumbai. The carrier’s first flight from Chennai landed at Changi Airport on 20 February at 1115 hrs. Operated under SpiceJet’s cargo arm SpiceXpress […]
Rotterdam reports 6% drop in volume for 2020
The Port of Rotterdam reported 436.8 million tonnes of goods handled in 2020, a drop of 6.9 percent compared to 2019. The drop in volume was largely attributable to the coronavirus pandemic which saw decreases in iron ore (-24.5%), coal […]
Kuehne+Nagel acquires Asian logistics firm Apex
Kuehne+Nagel has agreed to acquire Apex International Corporation (“Apex”), one of Asia’s leading freight forwarders. Apex was founded in China in 2001 and has expanded throughout Asia and beyond over the years of its growth history. Dr. Detlef Trefzger, chief […]
Sudden delivery disruptions due to pandemic will not go away any time soon
At the end of 2020, chaos in the transport industry ensued after sudden decisions of European countries, especially France, to ban all travel from the UK. The reason was the rapid outbreak pandemicof the new COVID-19 strand. The industry was […]
Ontario begins 2021 with growth in air cargo
Ontario International Airport (ONT) began 2021 just as it closed out 2020, with a double-digit increase in air cargo volume. January freight volume totaled more than 70,500 tons, a 15.6% increase compared to the same month last year and extending a trend of robust […]
European Union certifies Moscow Cargo LLC
Moscow Cargo LLC has been issued the RA3 certificate by the German National Civil Aviation Administration (Luftfahrt-Bundesamt), which inspects and certifies airports and airlines on behalf of the European Aviation Safety Agency (EASA). The RA3 certificate (Regulated Agent Third Country) […]
Air France-KLM reports €7b loss
Air-France-KLM warned on Thursday of more pain to come for the Franco-Dutch airline group on renewed COVID-19 lockdowns, as the fallout from the pandemic pushed it to an annual 7.1 billion euro ($8.5 billion) net loss. The group expects to […]
CMA CGM launches air cargo division
CMA CGM has launched its air cargo division with the purchase of four Airbus A330-200F freighter aircraft. With a 60-tonne-payload and a range of 4,000 nautical miles, the aircraft will connect Europe with the rest of the world. The fleet […]
The ports of Antwerp and Zeebrugge to merge
The City of Antwerp and the City of Bruges have reached an agreement to merge their respective ports. The two-city agreement marks the start of a unification process that is expected to take a year to finalise. Once completed, the […]
Hapag-Lloyd gets off to strong start in 2021
Hapag-Lloyd got off to a strong start in 2021 thanks to exceptionally high demand for container transports and increased freight rates. Based on preliminary business figures for the month of January and the current business situation, the executive board of Hapag-Lloyd […]
IAG Cargo flies flowers for the lovestruck
IAG Cargo announces its work to help the lovestruck keep the magic alive this Valentine’s Day, reporting the transportation of nearly 450 (438) tonnes of flowers across its network, or approximately 18 million stems, with popular blooms including fresh cuts […]
Oman Air achieves IATA CEIV Fresh
Oman Air has achieved IATA’s Center of Excellence for Independent Validators for ‘Fresh’ Logistics (CEIV Fresh), the airline industry’s leading certification for safeguarding the integrity of perishable goods across the supply chain. The globally recognized certification aims to increase food […]
CEVA extends rapid LTL services to South East Asia
CEVA Logistics has expanded its rapid LTL (Less-than-truckload) services from China to South East Asia. The service is designed to serve customers who do not have sufficient volumes to support Full Truckload Shipments (FTL). Emerging small to medium enterprises (SMEs), […]
“Smart” Containers will commence a New Era of Cargo Transportation by Sea
The wave of technological modernization has affected transportation containers by transforming them from standard containers into “smart” ones. This revolution in the field of transportation means many advantages by removing different bureaucratic burdens at customs and by protecting the security […]
Intradco Global expands into Toronto and Dubai
Animal air charter specialist Intradco Global has expanded into Canada and the United Arab Emirates, opening offices in Toronto and Dubai. The move is part of the firm’s ongoing continental plans, as it invests heavily to achieve strategic growth in [...]MIA sets new record for cargo shipments in 2020
Miami International Airport (MIA) set a new record for cargo volume in 2020 with 2.32 million tons, which was 57,382 more tons than its total in 2019. MIA finished the year exceptionally strong with an average of 210,000 tons in [...]UPS revenue jumps 21% in Q4 2020
UPS has announced fourth-quarter 2020 consolidated revenue of $24.9 billion, a 21.0% increase over the fourth quarter of 2019. Consolidated average daily volume increased 10.6% year over year. Operating profit was $2.2 billion, up 1.6% compared to last year’s fourth [...]
Swissport awarded Lufthansa handling contract
The Lufthansa Group now also relies on Swissport’s air cargo handling services at London Heathrow Airport. The new contract complements the long-standing cooperation across the UK. Swissport now serves Lufthansa, SWISS and Austrian Airlines – all part of the Lufthansa [...]
Soaring container rates risk stifling post-COVID recovery
The surge in international container-shipping rates in recent months has left companies reliant on maritime transport facing delays and mounting costs that risk bogging down a post-coronavirus economic recovery. The spot rate for shipping from Shanghai to the U.S. West [...]
TAPA achieves record membership growth
Rising concerns over the resilience of global supply chains trying to cope with the continuing disruption caused by the Covid pandemic have contributed to a record rise in annual membership growth for the Transported Asset Protection Association (TAPA) in Europe, [...]
DP World reports 7% volume growth in Q4 2020
In the fourth quarter of 2020 DP World Limited handled 19.1 million TEU across its global portfolio of container terminals, with gross container volumes increasing by 7.6% year-on-year on a reported basis and up 6.5% on a like-for-like basis. On [...]Seaspan signs-up for two new containerships
Seaspan Corporation (Seaspan), has entered into an agreement with a major shipyard for two 24,000 TEU ultra-modern newbuild container ships with anticipated deliveries beginning in the first half of 2023. The two high-quality 24,000 TEU containerships will include industry-leading emissions [...]
Sun Country files for IPO on back of Amazon deal
Minneapolis-based Sun Country Airlines Holdings Inc. has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock. Sun Country has managed to navigate the pandemic [...]
Getting letters of undertaking right
A recent judgment from the Commercial Court has emphasised the importance of accurate wording for letters of undertaking (LoUs), especially in relation to arbitration agreements and time extensions. A cargo damage claim in Lavender Shipmanagement Inc v. Ibrahima Sory Affretement […]
Maersk reports strong results in 2020
A.P. Moller – Maersk reported strong results for 2020 both in terms of financial performance and in transforming the company. Despite low volumes during most of 2020, profitability grew throughout the first nine months and ended the year with record [...]Shipping sector weighs impact of EU ETS
The European Parliament recently approved the inclusion of shipping into the EU Emissions Trading Scheme [ETS], which could dent shipowners’ profits. The shipping sector, which represents 13% of total EU greenhouse gas emissions, is likely to be under EU [...]
Railway Technologies in Global Leadership and in the Perspectives of “Green Thinking” People
The railway history dates almost 2000 years ago, and today it has developed so far that the countries can compete for the most advanced railway technologies in the global market. Besides, in many places in the world the industry starts [...]UPS supports COVID-19 vaccine distribution
UPS has announced its involvement and full support of distribution efforts for Pfizer-BioNTech’s COVID-19 vaccine as part of Operation Warp Speed. Pfizer’s and BioNTech’s vaccine, approved through a U.S. Food and Drug Administration emergency use authorization (EUA), is the first [...]
LATAM offers free delivery of COVID-19 vaccines
LATAM Airlines Group has announced that, through its Solidarity Plane program, it will make available to the authorities of the countries where it has domestic operations (Brazil, Chile, Colombia, Ecuador and Peru) the free transportation of COVID-19 vaccines in their [...]
IAG Cargo uplifts record number of cherries
IAG Cargo, the cargo division of International Airlines Group (IAG), has transported record numbers of Argentinean and Chilean cherries, supporting this year’s season so far with special charters from Santiago de Chile to London Heathrow. Cherries are a popular fruit [...]Brexit “Whip” will make a Dent in German Economy
The experts already for a long period assume that the consequences of Brexit will be noticeable in many places globally, and we understand that everybody in the European Union will face both consequences – political and economical. I agree to [...]
Asiana Airlines awards Milan handling to WFS
Asiana Airlines has awarded a contract to handle its freighter services at Milan-Malpensa Airport to Worldwide Flight Services (WFS). The airline operates three Boeing 747 freighter flights a week from the Italian airport to Seoul. WFS expects to handle some 15,000 [...]
Delta delivers COVID-19 vaccine shipments
Following successful shipments of test vaccines earlier this year, Delta Cargo has transported COVID-19 vaccines from Detroit to Atlanta and San Fransisco. “Within three hours of being engaged, Delta Cargo had the vaccines in hand and on their way. Our [...]
AirBridgeCargo deploys first B777 freighter
AirBridgeCargo (ABC), part of the Volga-Dnepr Group, has deployed its first Boeing B777 freighter. The freighter will be deployed on trans-Siberian services, with the first flight operating between Seoul and Domodedovo. It is the largest twin-engine freighter with up to [...]
The Decade of Golden Economy in Germany has ended
At present the most recent GDP report of Germany on the decrease by 0.1% certainly marks the end of the decade of golden economy for the economy of Germany. Although the rate of economical growth has decreased, it should be [...]
ABB Marine & Ports opens cyber security lab
ABB Marine and Ports has opened a cyber security laboratory to support shipping companies at all stages of digitalisation. In line with the guidelines set out by the International Maritime Organization (IMO), the new laboratory features hardware and software systems developed [...]
Evergreen takes delivery of two 12,000 TEU ships
Evergreen Line (Evergreen) has taken delivery of two new 12,000 TEU class F-type container ships, named the Ever Forever and the Ever Far. Ever Forever will be put into service on the Asia-US East Coast (AUE) service, which follows a port [...]
Stockholm Norvik Port opens for business
Stockholm Norvik Port, Sweden’s newest major port has opened on time and on budget. The entire Stockholm Norvik Port is now operational, with a container terminal that opened in May and a RoRo terminal that opened in November. With its exceptional location [...]Inventory of hazardous substances in container vessels: another necessary but bureaucratic burden for carriers
The European Union is working very hard to make ship recycling greener and safer in the future. It is quite clear that the dismantling of ships in many parts of South Asia in a way it is being done is [...]
DP World rollouts integrated service
DP World and its subsidiary P&O Ferrymasters have completed their first common carrier agreement to integrate their global maritime and logistics services into a unified customer proposition. This marks the launch of a global rollout of carrier agreements to combine [...]
Swissport completes financial restructure
Swissport has successfully completed its comprehensive financial restructuring. As part of a debt-for-equity swap, ownership of the company has been transferred from HNA Group to a group of financial investors led by the former senior secured lenders of Swissport. The [...]STI to invest US$46.m at Port of San Antonio
San Antonio Terminal Internacional (STI) and Puerto San Antonio (EPSA) have signed an amendment to the Concession Agreement to develop a new investment plan that, once complete, will extend the concession for five more years. The agreement calls for replacing construction [...]Reaction of Marine Industry to Market Changes may Take Some Time
Great Britain is a nation of islands, therefore shipping and marine industries are among the most important manufacturing industries of Great Britain economy. 95% of all import and export is implemented by sea routes, and the population of this country [...]
Adriatic Gate Container Terminal hits 300,000 TEU
Despite the challenges of the global pandemic, Adriatic Gate Container Terminal (AGCT) in Rijeka, Croatia reached a significant milestone, surpassing 300,000 TEUs on 23 December and setting a new record annual terminal volume. Following a 20 percent growth in 2019, [...]
Dubai Airports joins vaccine logistics corridor
Dubai Airports, operator of Dubai International and Dubai World Central, and GMR Hyderabad have joined forces to create a COVID-19 vaccine distribution corridor. Home to 88 global airlines including Dubai’s flagship carrier Emirates, and 12 international and 400 local and [...]
Shippers and forwarders call for action
European shippers and freight forwarders have once more alerted the European Commission on the current practices of liner shipper carriers as European supply chains are becoming more distorted. The associations will meet the Commission early in the new year to [...]Renewal of Vessels, instead of Their Liquidation, Means New Challenges for the Shipping
The lifetime of modern vessels lasts from 25 to 30 years, before the layer of corrosion starts covering them, the engines have defects and other types of wear and tear that make the operation of ship not only expensive, but [...]Crisis Button of Global Economy has been Set Going
Lately the warning pilot lights of global economy have started glittering red. The forecasts provided by economists regarding the approaching global economic crisis in 2020 seem unavoidable. Besides, there are many parallels drawn in relation to global crisis of 2008; [...]
NEWS
-
The American Association of Port Authorities (AAPA) has welcomed news that the US Congress
has completed negotiations. -
The Los Angeles Board of Harbor Commissioners has approved an agreement with International
Business Machines. -
Starting 14 December, Qatar Airways Cargo will launch three times weekly Boeing 777-300
passenger freighters to Harstad-Narvik Airport. -
November 30, 2020 will be a date to remember at LATAM Group. For the first time, an aircraft from the
Group operated by LATAM Airlines Brazil landed in Doha, Qatar, transporting perishables from LATAM
Cargo customers in South America to Asia and returning to Latin America with a load of electronics. -
Healthcare procurement company Rafed and Abu Dhabi Ports have signed a collaboration agreement to
jointly launch the largest healthcare and medical supplies cold store distribution centre in the UAE.
-
“Smart” Containers will commence a New Era of Cargo Transportation by Sea
The wave of technological modernization has affected transportation containers by transforming them from standard containers into “smart” ones. This revolution in the field of transportation means many advantages by removing different bureaucratic burdens at customs and by protecting the security of
-
CEVA extends rapid LTL services to South East Asia
CEVA Logistics has expanded its rapid LTL (Less-than-truckload) services from China to South East Asia. The service is designed to serve customers who do not have sufficient volumes to support Full Truckload Shipments (FTL). Emerging small to medium enterprises (SMEs),
-
Oman Air achieves IATA CEIV Fresh
Oman Air has achieved IATA’s Center of Excellence for Independent Validators for ‘Fresh’ Logistics (CEIV Fresh), the airline industry’s leading certification for safeguarding the integrity of perishable goods across the supply chain. The globally recognized certification aims to increase food
-
IAG Cargo flies flowers for the lovestruck
IAG Cargo announces its work to help the lovestruck keep the magic alive this Valentine’s Day, reporting the transportation of nearly 450 (438) tonnes of flowers across its network, or approximately 18 million stems, with popular blooms including fresh cuts
-
Hapag-Lloyd gets off to strong start in 2021
Hapag-Lloyd got off to a strong start in 2021 thanks to exceptionally high demand for container transports and increased freight rates. Based on preliminary business figures for the month of January and the current business situation, the executive board of Hapag-Lloyd AG
-
The ports of Antwerp and Zeebrugge to merge
The City of Antwerp and the City of Bruges have reached an agreement to merge their respective ports. The two-city agreement marks the start of a unification process that is expected to take a year to finalise. Once completed, the
-
CMA CGM launches air cargo division
CMA CGM has launched its air cargo division with the purchase of four Airbus A330-200F freighter aircraft. With a 60-tonne-payload and a range of 4,000 nautical miles, the aircraft will connect Europe with the rest of the world. The fleet operation
-
Air France-KLM reports €7b loss
Air-France-KLM warned on Thursday of more pain to come for the Franco-Dutch airline group on renewed COVID-19 lockdowns, as the fallout from the pandemic pushed it to an annual 7.1 billion euro ($8.5 billion) net loss. The group expects to fly
-
European Union certifies Moscow Cargo LLC
Moscow Cargo LLC has been issued the RA3 certificate by the German National Civil Aviation Administration (Luftfahrt-Bundesamt), which inspects and certifies airports and airlines on behalf of the European Aviation Safety Agency (EASA). The RA3 certificate (Regulated Agent Third Country) confirms
-
Ontario begins 2021 with growth in air cargo
Ontario International Airport (ONT) began 2021 just as it closed out 2020, with a double-digit increase in air cargo volume. January freight volume totaled more than 70,500 tons, a 15.6% increase compared to the same month last year and extending a trend of robust cargo
-
Sudden delivery disruptions due to pandemic will not go away any time soon
At the end of 2020, chaos in the transport industry ensued after sudden decisions of European countries, especially France, to ban all travel from the UK. The reason was the rapid outbreak pandemicof the new COVID-19 strand. The industry was
-
Kuehne+Nagel acquires Asian logistics firm Apex
Kuehne+Nagel has agreed to acquire Apex International Corporation (“Apex”), one of Asia’s leading freight forwarders. Apex was founded in China in 2001 and has expanded throughout Asia and beyond over the years of its growth history. Dr. Detlef Trefzger, chief executive
-
Rotterdam reports 6% drop in volume for 2020
The Port of Rotterdam reported 436.8 million tonnes of goods handled in 2020, a drop of 6.9 percent compared to 2019. The drop in volume was largely attributable to the coronavirus pandemic which saw decreases in iron ore (-24.5%), coal (-22.8%),
-
SpiceJet launches new Singapore – India service
India-headquartered airline, SpiceJet, has launched twice-weekly services between Singapore and three Indian cities – Bangalore, Chennai and Mumbai. The carrier’s first flight from Chennai landed at Changi Airport on 20 February at 1115 hrs. Operated under SpiceJet’s cargo arm SpiceXpress
-
Port of Sines ends 2020 with container cargo up 13%
The Port of Sines ended 2020 with a 13% increase in containerised cargo compared to the previous year. This was the third best result ever in terms of container handling, with the particularity of having been achieved in a pandemic
-
CEVA Logistics wins Airbus production supply contract
In a major expansion of its international aerospace business, CEVA Logistics has been awarded a contract to manage production supply for Airbus at the aircraft manufacturer’s assembly site in Hamburg, Germany. CEVA will operate the production supply logistics on behalf
-
Vessel shortage delays shippers
Malaysian shippers are scrambling to secure containers from any available shipping services at premium rates, or have to rely on air freight for urgent shipments due to container and vessel capacity shortage. The space and vessel shortages are mainly for trade
-
PSA and CDAS partner up to launch SmartBooking
In a concerted effort to drive supply chain orchestration and digitalisation, PSA Corporation Ltd (PSA) and the Container Depot and Logistics Association (Singapore) (CDAS) have launched ‘SmartBooking’ – an integrated one-stop booking platform for container depots, terminals, hauliers and logistics
-
Port of Oakland container volume down in January
Containerised cargo volume declined at the Port of Oakland in January, the result of spreading supply chain congestion. The Port said that import volume dropped 11.9 percent in January compared to the same period January 2020. Exports were down 11.3 percent. The
-
DHL Express adds converted A321Fs to fleet
DHL Express and SmartLynx Malta have signed an agreement for the introduction of two newly converted Airbus A321-200 freighters joining DHL’s European air fleet. The new technically advanced narrow-body fleet type will add capacity to meet the increasing demand for
-
CMA CGM Air Cargo to make first flight on March 8
The CMA CGM Group has announced that its new specialist air freight division CMA CGM Air Cargo is to begin operations starting March 8 with the first Airbus A330-200F cargo flight between Liege and Chicago. CMA CGM Air Cargo’s first Airbus
-
LATAM expands cargo operations
LATAM Airlines Group (“LATAM”) is to expand its cargo operations with the conversion of up to eight Boeing 767-300ER aircraft into Boeing converted freighters (“BCF”) in the next three years. This represents a freighter capacity growth of up to 80%.
-
MASkargo flies in first Sinovac COVID-19 vaccines
Malaysia Aviation Group (MAG) cargo subsidiary MABkargo Sdn. Bhd. (MASkargo) has successfully flew in the first batch of Sinovac Covid-19 vaccines from China to Malaysia. Flight MH319, utilising Malaysia Airlines’ Airbus 330-300 aircraft featuring the Malaysian flag livery, departed from
-
Port of Santos to berth 14,000 teu containerships
The Brazilian Navy has authorised the Port of Santos to receive vessels of 366 m in length, equating to 14,000 teu, the largest ships calling the East Coast of South America. Currently, the port receives vessels of up to 340 m
-
Airlines continue to burn through cash
The airline industry is expected to remain cash negative throughout 2021, with cash burn estimated to be in the $75–$95 billion range, according to IATA. One reason for this is the weak start to 2021. It is already clear that the
-
CMA CGM drives forward energy transition
CMA CGM Group is to dedicate six liquefied natural gas (LNG) powered containerships to the U.S. market as part of the Group’s ongoing efforts to drive forward the energy transition of the shipping industry. Rodolphe Saadé made the announcement at the opening session of TPM, the premiere conference for the trans-Pacific and global container shipping and logistics community. The first of these new vessels will
-
Volga-Dnepr to establish emergency logistics hub
Volga-Dnepr Airlines (Volga-Dnepr), part of Volga-Dnepr Group, and Leipzig/Halle Airport (LEJ) have inked the Memorandum of Understanding (MOU) with the aim to set up an Emergency Logistics/Humanitarian Hub. The decision comes as a logical step for further development of long-lasting strategic
-
Qantas freight division carries international losses
The Qantas Group has been able to offset much of its costs on its international passenger programme through a “record” performance on its freight business. Speaking at the announcement of the Australian carrier’s 2021 half year results to the end of
-
UK approves the opening of 8 freeports
The UK Government has approved the opening of eight freeports in England, the new freeports are scheduled to begin operations from late 2021. The locations of the freeports are; East Midlands Airport, Felixstowe & Harwich, Humber, Liverpool City Region, Plymouth and
-
Were we ready for Brexit?
The year 2021 began not only with an understanding that COVID-19 restrictions will last for some more time, but also with BREXIT – Great Britain leaving European Union (EU). BREXIT was not a sudden event and the fact that the
-
DP World and CPDQ to invest $1.2b in East Java
DP World and its partner Caisse de dépôt et placement du Québec (CDPQ), have signed a long-term agreement with Maspion Group to start the construction of an international container port and industrial logistics park in Gresik, East Java. Work on the
-
Cavotec to sell airport business
Engineering group Cavotec is to sell its airport business in order to focus on the fast growing ports and maritime market. As the market trends and regulatory requirements are expected to drive significant growth in demand for shore power, automated mooring
-
Cargojet increases quarterly dividend by 11%
The Board of Directors of Cargojet Inc. has declared a cash dividend of $0.2600 per common voting share and variable voting share for the period from January 1, 2021 to March 31, 2021, an increase of $0.0260 or 11.1% per share from the previous quarter. “In recognition of
-
ATRAN and AirBridgeCargo deliver engines for Yakutia
ATRAN Airlines (ATRAN) in cooperation with AirBridgeCargo Airlines (ABC), both part of Volga-Dnepr Group, have delivered aircraft engines for Yakutia Airlines from Yakutsk to Paris. Volga-Dnepr’s Cargo Supermarket concept which provides a one-stop-shop experience for all the customers enabled the ABC&ATRAN
-
MSC ships record 1.9m reefer containers in 2020
Mediterranean Shipping Company (MSC) shipped more than 1.9m reefer container in 2020, surpassing its previous record of 1.8m units transported in 2019. The shipping line said in a statement that, “2020 was another successful year for MSC’s reefer services as we
-
Amazon takes stake in air cargo contractor
Amazon has taken a minority stake in Air Transport Services Group (ATSG), an air freight partner that operates a significant share of the company’s aviation logistics unit. Amazon exercised warrants in ATSG that will allow it to acquire about 13.5 million shares in
-
Cathay Pacific reports record £2bn annual loss
Hong Kong’s Cathay Pacific Airways Ltd reported a record annual loss of HK$21.65 billion (£2 billion), caused by a travel downturn, restructuring costs and fleet writedowns. Cathay Pacific’s group chairman Patrick Healy commented: “The Cathay Pacific Group experienced the most challenging
-
PortMiami reports record cargo for January
PortMiami, processed 113,835 twenty-foot-equivalent units (TEUs) in January 2021, an increase of 21.02 percent from the 94,064 TEUs processed in January 2020, the most active month ever recorded. Between fiscal year to date, Oct. 1, 2020, through Jan. 31, 2021, PortMiami
-
ICTSI posts net income of $282m for 2020
Enrique K. Razon, Jr., ICTSI Chairman and President said: “ICTSI has delivered a positive performance in very challenging circumstances and it highlights not only the significant dedication and commitment of our colleagues who have performed strongly throughout the pandemic but
-
Amerijet delivers COVID-19 vaccines
Air cargo continues to play a key role in the distribution of life-saving vaccines around the world. Amerijet delivered Covid-19 vaccines to the Caribbean and Central America on behalf of Odyssey Logistics Pvt. Ltd. ) These shipments were a part of India’s Government gifted Covishield AstraZeneca vaccines manufactured
-
CMA CGM acquires Gultainer Lebanon
CMA CGM Group has announced the acquisition of all shares of Gulftainer Lebanon, the operator of the Port of Tripoli container terminal. With 14 weekly calls at the ports of Beirut and Tripoli, the Group has a strategic presence in
-
“Smart” Containers will commence a New Era of Cargo Transportation by Sea
The wave of technological modernization has affected transportation containers by transforming them from standard containers into “smart” ones. This revolution in the field of transportation means many advantages by removing different bureaucratic burdens at customs and by protecting the security of
-
WFS joins Brucargo ‘digital green lane’ initiative
Worldwide Flight Services (WFS) is working with Brussels Airport and the Air Cargo Belgium community to help eliminate waiting times for international road feeder services in the latest initiative to support Brucargo’s ‘Digital Green Lane’. Two years ago, WFS was one
-
PSA and Duisport invest in multimodal facilities
PSA Northeast Asia Supply Chain Pte Ltd (“PSA”) and Duisburger Hafen AG (“Duisport”) have formed a joint venture company, Multimodal Investments Pte Ltd (“MIPL”), to invest in multimodal logistics facilities in Asia. Through MIPL, duisport will take a stake in PSA’s current investments
-
Hapag-Lloyd acquires Africa specialist NileDutch
Hapag-Lloyd and NileDutch have signed a sale and purchase agreement where Hapag-Lloyd acquires all shares of the Dutch container shipping company Nile Dutch Investments B.V. (NileDutch). With over 40 years of expertise, NileDutch is one the leading providers of container
-
Cargojet announces new director appointment
Cargojet Inc. has appointed Alan Gershenhorn to its board of directors, Gershenhorn will stand for election at the corporation’s annual meeting of shareholders on March 30, 2021. James R. Crane resigned from the board in line with best corporate governance practices in order
