News

  • Container Shipping Industry Faces Unprecedented Slump in Long-Term Rates
    The container shipping industry experienced a significant downturn in global long-term freight rates during the month of May, as the contracted cost of shipping containers plummeted by a staggering 27.5%, according to Xeneta’s Shipping...
    Published on: 2023-06-01
  • Embracing Change For a Sustainable Shipping Future
    2023 has seen new regulations on efficiency and carbon intensity from the International Maritime Organization (IMO), and a continued focus on decarbonisation across the sector. The Carbon Intensity Indicator (CII) and Energy Efficiency Existing...
    Published on: 2023-05-31
  • Asia Pacific Airlines April 2023 Traffic Results
    Preliminary April 2023 traffic figures released today by the Association of Asia Pacific Airlines (AAPA) showed continuing recovery in international passenger demand, reflecting the unabated appetite for travel in the region. Collectively, Asia Pacific...
    Published on: 2023-05-30
  • Renault switches from pricey car carriers to containers for shipments out of Busan
    Contrasting ship sector fortunes have been reflected in South Korea where French automotive giant Renault has started shipping brand new cars in containers to avoid prohibitively high costs associated with the car carrier sector....
    Published on: 2023-05-25
  • Number of containers lost at sea falls to record low
    A total of 661 containers were lost overboard in 2022, out of 250m transported, representing the lowest losses in percentage since the Washington-based liner lobby group, the World Shipping Council (WSC), started the survey...
    Published on: 2023-05-25
  • U.S. Seaports Are Weathering a Numbers Hangover in Import Volumes
    Shipping executives say recent double-digit declines from last year’s big growth mask long-term gains U.S. seaports are having a terrible year, yet are seeing something of an importing resurgence at the same time.  Imports...
    Published on: 2023-05-23
  • Ryanair reports full year profit of €1.43 billion due to strong traffic recovery & favourable oil hedges
    Ryanair Holdings plc today (22 May) reported a Q4 loss of €154m but a full-year PAT of €1.43bn, compared to a PY loss of (€355m), due to strong FY traffic recovery, improving fares, industry...
    Published on: 2023-05-22
  • Container Volumes at Port of Los Angeles Rise for Second Straight Month, But Pace Lagging Pre-Pandemic
    Container volumes at the Port of Los Angeles showed improvement for the second consecutive month in April, although they continue to lag behind pre-pandemic levels. In April, the Port of Los Angeles processed 688,110...
    Published on: 2023-05-21
  • ACI World streamlines its resources for small and emerging airports
    Airports Council International (ACI) World today announces the streamlining of its resources for small and emerging airports to foster their continued growth and sustainable development.  The streamlining of resources, which includes certain programs and...
    Published on: 2023-05-19
  • Italy’s Exports to China Are Booming and It’s Not Clear Why
    Italy’s exports to China have tripled in little more than a year. The problem is, even the experts are struggling to explain why. Shipments abroad rose above €3 billion ($3.3 billion) in February, up...
    Published on: 2023-05-16
  • Iran and the risks to commercial shipping
    Friday saw a product tanker called Purity seized by Iran, a third ship in quick succession, putting commercial shipping on high alert. On May 3 this year, the Panama-flagged, Greek-owned tanker Niovi was seized in the Strait of...
    Published on: 2023-05-15
  • Emirates goes digital, phases out paper boarding passes for flights departing Dubai
    Taking a step forward in its drive to offer customers the convenience and assurance of digitally enabled travel journeys, Emirates will require most passengers departing Dubai to use a mobile boarding pass instead of...
    Published on: 2023-05-15
  • Hapag-Lloyd Watching Costs as Container Market Normalizes
    Hapag-Lloyd, one of the world’s leading container shipping companies, has reported its financial results for the first quarter of 2023, highlighting the impact of weak global demand on its performance. The company recorded an...
    Published on: 2023-05-11
  • Trade Tech ready for EU – Import Control System 2 (ICS2)
    This is an article by our trusted partners at Trade Tech. Countries in the European Union have been developing a unified approach to what they call Import Control System 2 or ICS2.  The go-live...
    Published on: 2023-05-11
  • U.S. Launches $4 billion Effort To Electrify U.S. Ports, Cut Emissions
    The Biden administration on Friday launched a $4 billion effort to electrify U.S. ports and cut heavy duty truck emissions as the government looks to address disproportionate impacts on nearby communities. The U.S. Environmental Protection Agency...
    Published on: 2023-05-10
  • CMA CGM Commits to $5.5 Billion Bollore Logistics Buyout
    French shipping group CMA CGM has committed to buy the logistics operations of family-run conglomerate Bollore for an enterprise value of 5 billion euros ($5.5 billion), the two companies said on Monday. CMA CGM granted the Bollore group...
    Published on: 2023-05-10
  • Almost half of Europe’s airports back to pre-pandemic passenger levels
    Passenger traffic kept recovering in the first quarter across the European airport network, as volumes increased by +49% compared to the same period last year. The growth somewhat slowed down in March at +34%, reflecting the fact that travel restrictions were being...
    Published on: 2023-05-08
  • Air Cargo Declines Moderate in March
    The International Air Transport Association (IATA) released data for March 2023 global air cargo markets showing a continued decline against previous year’s demand performance. This trend began in March 2022. •             Global demand, measured...
    Published on: 2023-05-04
  • JAL to introduce first Freighter in 13 years under new business model
    JAL has decided to introduce three Boeing 767-300ER Freighter (dedicated cargo aircraft). This will be the first time in 13 years that JAL will operate its own Freighter, and operations will begin sequentially from...
    Published on: 2023-05-04
  • Full Steam Ahead for U.S. LNG Exports
    U.S. producers of liquefied natural gas (LNG) exported at top capacity in April for a second consecutive month, with over two-thirds of shipments bound for Europe and rising volumes to Latin America, Refinitiv Eikon...
    Published on: 2023-05-02