News

French reinsurer SCOR has estimated claims relating to the 2021 grounding of the Ever Given containership in the Suez Canal will top $2bn. The six-day blocking of the canal in March last year was shipping’s... Read more

Ship-owners that invested in pollution-reducing equipment to let them burn dirtier fuel are enjoying massive discounts due to a supply glut. Owners of vessels who installed so-called scrubbers are buying high-sulfur fuel oil at a... Read more

Fitch Ratings is calling for another solid year for container shipping industry earnings as port congestion will continue to prevent a return to pre-pandemic levels. For shippers, this means high shipping costs and supply chain... Read more

President Joe Biden’s decision to publicly call out foreign liners last week as one of the main sources of the severe inflation in the US has earned a swift rebuke from analysts and the industry.... Read more

Sandock Austral Shipyards has added a new tool to its maritime arsenal that it reckons could revolutionise the way containers are handled in South Africa’s ports – ultimately leading to less road congestion and faster... Read more

Average operating margins for the container industry are unprecedented in the history of shipping. Having gone through all Q1 results, the latest data from Alphaliner shows that the leading carriers are now generating a margin... Read more

The International Air Transport Association (IATA) released April 2022 data for global air cargo markets showing a drop in demand and contraction in capacity. The effects of Omicron in Asia and the Russia–Ukraine war continue... Read more

As Shanghai springs back to life after two months of lockdown, congestion at the port is almost back to normal, according to data from VesselsValue. At the height of lockdown in China’s largest city, average... Read more

California port leaders expect imports to rise as Shanghai, home to the world’s busiest seaport, emerges from a two-month COVID-19 lockdown.  The question is whether that release of pent-up goods will again swamp West Coast ports that... Read more

container freight rates may decline by 40 per cent in the next decade — as it predicts volatile trends in a market that could stabilise by 2024. Drewry Senior Consultant James Kyritsis made the remarks... Read more

From this Friday, Schiphol will launch a pilot project whereby only passengers scheduled to depart within four hours will be admitted to the departure hall. In addition, Schiphol requests passengers to bring as little baggage... Read more

The vast majority of Shanghai’s 26m citizens ventured outside today, some to a park, others to see families, and many back to workplaces where dust had been gathering from the extended lockdown that rocked China’s... Read more

By Gabriela Baczynska and Ingrid Melander BRUSSELS, May 30 (Reuters) – EU countries failed to agree on a Russian oil import ban despite last-minute haggling before a summit got under way in Brussels on Monday, exposing a... Read more

TEMPE, Ariz. — Dallas Fort Worth International Airport is taking a small step on its future-proofing journey with the testing of an autonomous tug that will haul containers from freighter aircraft to the cargo terminal.... Read more

For months, the ports of Los Angeles and Long Beach have been threatening ocean carriers with exorbitant fees for long-dwelling containers at marine terminals, only to repeatedly postpone the launch of the program. But could... Read more

United Airlines is adding a significant amount of cargo capacity to its fleet with the return of 52 Boeing 777-200 large passenger jets out of service for more than a year, while at the same... Read more

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