#Air Cargo
AD Ports closes in on $2bn deal to buy Indonesia’s Meratus
Fast expanding AD Ports from Abu Dhabi is tipped to be finalising a deal to buy Indonesia’s top container shipping line, Meratus, in a deal thought to be worth...
MSC bolsters Italian rail position
Mediterranean Shipping Co’s (MSC) increasing focus on European rail is gaining speed. The world’s largest containerline has just formed a new co...
CMA CGM investing in US infrastructure to control its destiny
CMA CGM is the latest carrier to report on the challenging environment and the massive loss of revenues. According to a recent CNBC Supply Chain survey of logistics...
Maersk updates ocean services between the Far East and Africa
Maersk (Maersk) announced several updates to its ocean shipping services between the Far East and Africa today. Commencing from the first week of December, FEW2, FEW...
CMA CGM Profits Plunge as Container Shipping Market Normalizes
French shipping company CMA CGM saw a significant decline in profit during the third quarter of 2023, as the container shipping market continued to return to pre-pan...
First TIACA BlueSky community programme launches
The International Air Cargo Association (TIACA), Air Cargo Belgium and Brussels Airport have announced the first TIACA BlueSky community programme. This fol...
Cargojet to sell off new B757 freighters, pause 767 conversions
Cargojet, which operates a nationwide air cargo network in Canada for e-commerce express companies plus international services, is moving more aggressively to cap fl...
STATE OF FREIGHT Container rates hit $10,000 as ocean freight inflation soars in Red Sea crisis
With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two...
Swissport opens air cargo terminal in Spain
Swissport is growing its cargo business in Spain with the opening of a new air cargo terminal at Zaragoza Airport. The new cargo terminal, which officially opened...
Record Wave of New Containerships Expected to Push Global Fleet Above 30 Million TEU
The global containership fleet is set to exceed the 30-million TEU mark for the first time in history in 2024, as a wave of new containerships hit the water, accordi...
Container market shows ‘no encouraging signs’ of recovery: HMM
HMM presented a grim assessment of the container shipping market Friday as the carrier reported a sharp decline in profitability with earnings continuing their seque...
Top 20 Cargo Airports: Hong Kong leads the way in a tough 2022
In the wake of Covid-19, other challenges are still hampering air cargo growth. But some of the world’s busiest airports are bullish nonetheless, and are backi...
Panama Canal queue grows 13% in the space of 24 hours
The number of ships waiting to transit the Panama Canal has leapt by 13% in the space of just 24 hours as drastic transit cuts kick in at the drought-hit waterway th...
Hapag-Lloyd hit by downward spiral in freight rates
The collapse in freight rates pushed nine-month profits at Hapag-Lloyd down almost 80 per cent as the leading German container shipping group cut its full-...
Shipping line Hapag-Lloyd suffers ‘big miss’ as Q3 profits slump
Germany’s Hapag-Lloyd, the world’s fifth-largest ocean carrier, reported much lower profits than expected for the third quarter as sinking freight rates...
01 September 2024
Container Prices Double, Leasing Rates Triple in China
04 September 2024
Maersk sets new bar with shipping’s first climate target validation
06 September 2024
Port of Los Angeles Reports Another Busy Month for Cargo Volumes
13 September 2024
Intermodal container
08 September 2024