Lufthansa Group going for strong demand growth in 2021 after suffering an operating loss of 5.5 billion euros in 2020 Cost reductions further accelerated and operating cash drain limited to around 300 million euros per month in the fourth quarter Carsten Spohr: "Internationally recognized, digital vaccination and test certificates [...]
Maersk Eindhoven on her way to Los Angeles After Last Month’s Cargo Loss The Maersk Eindhoven has departed Japan for the U.S. West Coast after operations to remove damaged and dislodged containers after its cargo loss last month. Maersk Eindhoven lost some 260 containers overboard after a brief loss [...]
January Air Cargo Demand Recovers to pre-COVID Levels The International Air Transport Association (IATA) released January 2021 data for global air cargo markets showing that air cargo demand returned to pre-COVID levels (January 2019) for the first time since the onset of the crisis. January demand also showed strong [...]
Ocean carriers profiting while service plunged during Covid-19 pandemic Hapag-Lloyd has been criticized for profiting while customers struggle during the COVID-19 pandemic. It is one thing for ship schedule reliability to be at all-time low levels, but quite another for carriers to profit so handsomely by such collapse in [...]
U.S. Retailers - Millions in Sales Delays due to Shipping Logjam Overwhelmed U.S. ports, elevated freight costs and accidents that sent goods plunging to the bottom of the ocean are causing headaches for U.S. retailers already reeling from the pandemic. From appliance makers to shoe brands and fitness equipment [...]
Nigeria’s Pirate-Infested Waters Nigeria will commission $195 million worth of aircraft, boats and vehicles in the next three months to strengthen security in the pirate-infested Gulf of Guinea. The deployment will help reduce shipowners’ reliance on private security companies to protect them in the sea off Nigeria’s coast. The [...]
Shippingcompanies in the great lake region 2021 American shipping companies operating the U.S.-flag Great Lakes fleet will invest nearly $87 million at shipyards and facilities across the region this year, according to new figures released by the Lake Carriers’ Association. The work includes replacing steel plating, engine overhauls, navigation [...]
ICAO and WCO issue joint calls on vaccine supply chain priorities, new customs and security guidelines ICAO and the World Customs Organization (WCO) have published a joint statement calling on governments to demonstrate maximum flexibility with respect to border clearance and air transport supply chain operations essential to the [...]
MSC topples Maersk at the top of the box rankings For the first time in more than a quarter of a century Maersk is on track to lose its mantle as the world’s largest containerline. Mediterranean Shipping Co (MSC), now run by former Maersk COO, Soren Toft, has been [...]
CMA CGM buying freighterplanes A330-200Fs French logistics and sea transport firm CMA CGM is branching into air freight operations, with the introduction of services using four Airbus A330-200Fs. The company is establishing a new division, CMA CGM Air Cargo, which will be dedicated to air freight services. It states [...]
