Container Carrier strategies in 2021 The year 2020 was one of the best periods financially for the container shipping sector with most major companies expected to realise returns above WACC after many years. This has brought to the fore a discussion about possible consolidations in the logistics/3PL businesses in [...]
Asia Pacific Airlines Traffic Numbers - February 2021 Preliminary traffic figures released today by the Association of Asia Pacific Airlines (AAPA) showed international air traffic demand remaining at depressed levels as a result of continued border restrictions. Meanwhile, robust export activity amid improving global business confidence boosted demand for [...]
Prioritized vaccinations for aircrew and seafarers ICAO joined four other UN agencies today in calling on countries to prioritize COVID-19 vaccinations for aircrew and seafarers. In addition to ICAO Secretary General Dr. Fang Liu, the special Joint Statement was signed by the heads of the International Labour Organization (ILO), [...]
Pandemic’s impact on aviation continues, but signs of recovery emerge Airports Council International (ACI) World has today published analysis that, despite some positive signs for recovery emerging, the impact of the COVID-19 crisis on airport revenues will still be deeply felt in 2021. The analysis – published today in [...]
How does the Suez Canal accident affect the tanker business ? When the ultra-large box ship Ever Given lodged itself sideways in the Suez Canal, blocking all traffic, containerized cargo shippers may have thought to themselves, “What else can go wrong? Let’s hope this ends quickly.” Tanker owners and [...]
Container rates to remain strong throughout 2021, says ZIM ZIM's chartered-in fleet both costs more and earns more. Liner operator ZIM just offered a fresh glimpse at annual ocean contract negotiations — and the picture isn’t pretty for shippers. The good news for ZIM and the bad news for [...]
Two of North America's largest railroad companies announced a merger Sunday that would connect freight customers to Canada, the United States and Mexico on a single network for the first time in history. Canadian Pacific (CP) agreed to purchase Kansas City Southern (KSU) in a deal worth about $25 [...]
COVID-19 Crew Change Crisis is still problematic While the number of seafarers impacted by the COVID-19 crew change crisis has fallen in recent months, the shipping industry is concerned that the number could be on the rise again with new variants of the virus. According to the the latest [...]
US inventory restocking is far from over The U.S. import boom has already shattered the forecasts and pushed the global supply chain to the brink. The guessing game now is: When will it end? Amit Mehrotra, head transportation analyst at Deutsche Bank, believes the bull run for imports will [...]
MV ‘ONE Apus’ on the move again, months after container loss at sea The MV ONE Apus departed Kobe, Japan on Tuesday after a major operation to remove hundreds of damaged and dislodged containers on deck following last year’s cargo loss. In a customer advisory, the ship’s operator Ocean [...]
