The Paris MoU has approved its 2020 “White, Grey, and Black” lists for flag state performance. The Paris MoU’s annual “White, Grey and Black (WGB) List” ranks flag states from best to worst based on port state control inspections at ports in the North Atlantic basin from Canada to coastal [...]
How bad is the container shipping crisis? So bad that The Home Depot has chartered its own ship. This isn’t a joke. Between soaring freight rates, a lack of ship and container capacity, and never-ending port congestion, the world’s largest home improvement retailer with $132 billion in sales last year [...]
Another week, another record for container shipping spot rates. And alarmingly for shippers, upward rate momentum is accelerating. Different indexes come up with different numbers, and the premium charges on top of spot rates are now so high that index rates no longer capture the true cost of ocean shipping. [...]
Have we asked ourselves this question recently? When the idea of the autonomous ship was first brought to market, there were many sceptics, and many raised the question: Is the autonomous ship the answer to our future transport demands at sea? The question was replied to with a huge “YES!” [...]
Heathrow has faced 15 consecutive months of supressed demand, with passenger numbers languishing at 90% below pre-pandemic 2019 levels - a loss of over 6 million passengers in the month. One month after Government hailed the restart of international travel and assured the public that a risk-based traffic light system would [...]
Single European Sky Regulation must be agreed before additional decarbonisation costs imposed on airlines National agendas and sovereignty concerns continue to undermine much-needed updates to the Single European Sky (SES) Regulation -- the backbone for more cost-efficient, harmonised European airspace of the future -- with EU Member States agreeing last [...]
The International Air Transport Association (IATA) released April 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-COVID levels (April 2019) with demand up 12%. As comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted, [...]
China’s exports continued to surge in May, although at a slower pace than the previous month, fueled by strong global demand as more economies around the world opened up. Imports soared, boosted by rising commodity prices. Exports grew almost 28% in dollar terms in May from a year earlier, the [...]
Hobbled by growing congestion at Chinese export gateway Yantian and key receiving terminals such as Oakland and Hamburg, the Shanghai Containerized Freight Index shot up by another 3.3% today to hit new records. The box spot index operated by the Shanghai Shipping Exchange climbed 117 points to close the week [...]
French shipping giant CMA CGM, the world’s number three ocean carrier, reported Q1 2021 net profit of $2.1 billion driven by strong demand for consumer goods which is expected to continue through the rest of the year. This figure compares to a profit of just $48 million in the Q1 [...]
