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FedEx cuts 40 flights, grounds aircraft as shipping demand wanes
FEDEX is scaling back the number of flights it operates and putting aircraft in temporary storage to offset falling revenue from sinking...
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HK needs more high-quality maritime businesses: CE John Lee
HONG Kong's Chief Executive John Lee Ka-chiu has called for the city to attract more high-quality maritime businesses, adding that it is...
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World shipping faces stiff competition to secure compliant fuel
CONTAINER shipping needs to make major changes to be compliant with new United Nations decarbonisation rules, reports IHS Media. This...
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Container sector peaks, experiences clear market correction
AFTER a period of historically high freight rates, the container sector is said to have peaked, with it now experiencing a market...
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DHL's state of air freight report presents gloomy outlook
GLOBAL demand has weakened since this year's April high and is not expected to surge in the usual pre-Christmas peak season, according to...
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Sudden demand slump leaves Asia Pacific air cargo carriers in limbo
ASIA Pacific airlines saw a drop in air cargo volumes last month, with demand dropping 10.4 per cent in September, reports London's Air...
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Port of Oakland suffers 7.9pc loss in loaded container volume
IN September, the Port of Oakland saw a 7.9 per cent loss in total loaded container volume, with 132,599-TEU loaded through the port,...
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CMA CGM to move large green terminal to Port of Yokohama
FRENCH shipping giant CMA CGM is moving its operations to a larger terminal at the Port of Yokohama, and will be equipped with shore...
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Port of Gothenburg container volumes increase 6pc to 655,000 TEU
THE Port of Gothenburg container volumes are up six per cent to 655,000 TEU in the first half, while freight volumes continue to increase...
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Handler Cargo brings Bournemouth customs facility in-house
BOURNEMOUTH Airport's cargo handling service, Cargo First, is bringing its on-site customs bonded warehouse facilities in-house, reports...
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Blank sailings hit Chinese container port volumes in early October
CONTAINER volume at eight major Chinese ports declined 7.3 per cent year on year in early October, reports the UK's Seatrade Maritime...
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Transfar Shipping's long view sees five 8,000-TEUers in future
AN affiliate of China's retail giant Alibaba, Transfar Shipping, is planning to order five newbuild 8,000-TEU ships for its Ali Express...
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Shippers overreacted, shipped in too much, too soon: Hapag-Lloyd CEO
THE US supply chain is suffering a "bullwhip effect" after shippers overreacted to last year's congestion and imported too much too soon,...
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Maersk launches its own integrated US-Korea air freight service
DENMARK's AP Moller-Maersk has announced the inaugural flight of Maersk Air Cargo's new air freight service with scheduled flights...
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Top 25 air cargo carriers rise and fall in IATA supply chain rankings
IATA World Air Transport Statistics (WATS) data again shows the rankings of the top 25 cargo airlines last year, reports London's Air...
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WFS chief says ecommerce will boost air cargo demand
WORLDWIDE Flight Services (WFS) chief executive Craig Smyth declared that air cargo plays a significant role as more shipping groups...
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EU northern range ports see cargo declines as sailings blanked
NORTH European container ports expect substantial reduction in calls from Asia and predicting a big drop in throughput in Q4, reports...
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Port of Mobile delivers US$85 billion to Alabama's economy: study
The Alabama Port Authority has announced the results of its 2021 Economic Impact Study, which showed that the Port of Mobile delivered...
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Confusion with ocean freight indices limits their utility
AN increase of ocean freight indices is causing more confusion than clarity for capacity buyers, reports IHS Media. Many shippers don't...
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Maersk-MSC operations tested at terminal West African hub
TESTING was recently completed at the Ivory Coast's new container terminal, which is due to open in November, reports Fort Lauderdale's...
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