Sector
Logistics
Cathay Pacific has released its traffic figures for February that continued to reflect the airline's substantial capacity reductions in response to significantly reduced demand as well as travel restrictions and quarantine requirements in place in Ho...
BRUSSELS AIRPORT HITS 1 BILLION VACCINE MILESTONE
11 March 2022Brussels Airport said it handled one billion Covid-19 vaccines since the first vaccine shipments from the pharma airfreight hub in November 2020. It said the shipments include 750 million exports, 250 million imports, and millions more in transfers.
Port of Long Beach said it recorded its busiest February on record as ongoing efforts to expedite the transfer of long-waiting cargo off the docks lifted its performance. In a statement, the port said dockworkers and terminal operators moved 796,560...
Frankfurt Airport (FRA) reported that cargo throughput (airfreight + airmail) declined by 8.8% year-on-year to 164,769 metric tons in February 2022 although it is up 2.1% compared to the pre-pandemic level seen in February 2019.
The Port of Los Angeles and the Port of Long Beach announced the delayed consideration of the "Container Dwell Fee" for another week, this time until March 18. The two San Pedro Bay ports noted that they have seen a combined decline of 64% in aging c...
US WEST COAST VESSEL QUEUE WILL GROW AGAIN
10 March 2022Despite the recent drop in vessel queues outside Port of Los Angeles/Long Beach, a new Sea-Intelligence report said this is set to start growing again — to a level worse than what was seen last May.
The International Chamber of Shipping (ICS), representing 80% of the world's merchant fleet, has warned that current supply chain disruption is set to be compounded by a shortfall in the global shipping workforce due to the Russian invasion of Ukrain...
The Kuala Lumpur-based Association of Asia Pacific Airlines (AAPA) said the ongoing conflict between Russia and Ukraine is expected to drag the recovery of the aviation industry which is still reeling from the impacts of the Covid-19 pandemic.
Hapag-Lloyd is acquiring the container line business of German carrier Deutsche Afrika-Linien (DAL).
Kuehne+Nagel said this aid will be provided in the form of free logistics services to leading aid organizations for the transport and temporary storage of relief goods to Ukraine as well as Poland, Slovakia, Hungary, and Romania until summer 2022.
In a statement, it said SC Ports handled 230,420 twenty-foot equivalent container units (TEUs) at Wando Welch Terminal, North Charleston Terminal, and Hugh K. Leatherman Terminal in February, up 26% year-over-year.
Kuehne+Nagel (K+N) sounded optimism for its performance this year after reporting a "strong performance" in 2021 – although it warned of risks associated with current geopolitical tensions.
TELEPORT TO OFFER CAPACITY ON WEBCARGO
03 March 2022Teleport, the logistics venture of Capital A (formerly AirAsia Group), is making its capacity available through the e-booking platform, WebCargo.
DP WORLD FINALIZES ACQUISITION DEAL OF AFRICA'S IMPERIAL LOGISTICS
25 February 2022DP World announced that it successfully concluded its 100% acquisition of South African transport and logistics group, Imperial Logistics in a R12.7 billion (US$883 million) deal. The multinational logistics company earlier noted that the deal wo...
DB SCHENKER, CMA CGM OFFER REGULAR EMISSION-FREE OCEAN FREIGHT
25 February 2022DB Schenker announced that it has signed a purchase contract for over 2,500 tons of biofuel with CMA CGM — becoming the first logistics company to switch its entire LCL (Less Than Container Load) volumes with CMA CGM to regular carbon-free production...