30 07, 2021

FMC Presented with Interim Recommendations to Address Supply Chain Issues

2021-07-30T09:11:14+02:00July 30th, 2021|

The Federal Maritime Commission has been presented with a set of interim recommendations from its fact finding investigation into challenges facing the ocean transportation supply chain brought on by the COVID-19 pandemic. In an open session held Tuesday, Commissioner Rebecca F. Dye provided the Commission with eight Interim Recommendations meant [...]

29 07, 2021

June air travel recovery still disappointing

2021-07-29T11:58:52+02:00July 29th, 2021|

Passenger demand performance for June 2021 is showing a very slight improvement in both international and domestic air travel markets. Demand remains significantly below pre-COVID-19 levels owing to international travel restrictions. As comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted, [...]

28 07, 2021

PIL starts to expand fleet again as records continue to tumble in red-hot container sector

2021-07-28T10:28:19+02:00July 28th, 2021|

Expansion despite huge sold off 18 months ago In a further sign of the roaring, record-breaking period container shipping is enjoying Singapore’s Pacific International Lines (PIL) has expanded its fleet size for the first time since it ran into severe financial difficulties two years ago. The SS Teo-led shipping line [...]

27 07, 2021

Newbuild prices rising as steel plate prices surge

2021-07-27T10:00:41+02:00July 27th, 2021|

Sharply contrasting fortunes from two Korean conglomerates last week have sparked conjecture on whether newbuild prices will head further north. Hyundai Heavy Industries, the nation’s largest shipbuilder, reported a Q2 loss last week, citing soaring steel plate losses for its red ink performance, while Posco, South Korea’s top steel mill, [...]

26 07, 2021

CCPC shipping Iran, Venezuela Oil To Chinese Refineries

2021-07-26T09:26:13+02:00July 26th, 2021|

A Chinese logistics firm has emerged as a central player in the supply of sanctioned oil from Iran and Venezuela, even after it was blacklisted by Washington two years ago for handling Iranian crude, seven sources with knowledge of the deals told. The more prominent role of China Concord Petroleum [...]

23 07, 2021

U.S. Import Surge is expected to last well Into 2022

2021-07-23T09:17:32+02:00July 23rd, 2021|

The head of one of the largest U.S. gateways for trade said robust demand for imported goods will likely be sustained into 2022, as companies scramble to rebuild stockpiles during an uneven rebound from the pandemic. “We easily see this going through up to Chinese New Year, and there’s a [...]

22 07, 2021

Worldwide port congestion worsens, 116 ports report disruption

2021-07-22T10:07:08+02:00July 22nd, 2021|

The port congestion pandemic has stretched around the globe with ever greater numbers of containerships idling, waiting for berth spaces to open up across five continents. As of 3.20 pm Singapore time today, there were 328 ships idling in front of ports around the world with 116 ports reporting challenges, [...]

21 07, 2021

Vietnam Railways launches first ever freight train service to Belgium

2021-07-22T10:08:19+02:00July 21st, 2021|

Vietnam Railways (VNR) on July 20 added a new rail freight link from Vietnam to Belgium, with the first train departing from Yen Vien station, Hanoi, and expected to arrive at Liege City in Belgium. Then, containers will be delivered to Rotterdam city (Netherlands) by lorries. VNR said the train [...]

20 07, 2021

Also Chocolate Doesn’t Escape The Problems Of Port Congestion

2021-07-20T09:56:58+02:00July 20th, 2021|

Deliveries of cocoa beans to Ivory Coast’s two main ports have slowed in recent weeks as an energy crisis hit industries in the world’s top cocoa-growing nation, exporters, and cocoa cooperative officials said on Thursday. A lack of shipping containers due to the pandemic has also contributed to the slowdown, [...]

19 07, 2021

Qatar Airways Cargo Rolls going more digital by Freightos

2021-07-19T10:21:18+02:00July 19th, 2021|

Qatar Airways Cargo Rolls going more digital by Freightos throughout the United States of America Qatar Airways Cargo announces the further roll out of third-party eBooking platform WebCargo by Freightos across the United States of America*, effective 19 July 2021. Forwarders in the USA will be able to conduct eBookings [...]

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