The International Air Transport Association (IATA) welcomed Singapore’s acceptance of pre-departure COVID-19 PCR test results on the IATA Travel Pass. From 1 May 2021, passengers traveling to Singapore will be able to use IATA Travel Pass to share their pre-departure COVID-19 PCR test results upon check-in with their airline, as [...]
China and Vietnam lead the exit from pandemic as inequality deepens across region Vietnam is one of only two countries in East Asia and the Pacific out in front in terms of economic recovery, according to the World Bank. The East Asia and Pacific region is experiencing a "three-speed" exit [...]
Shipping in 2021 On 1 January 2020, the Shipping Industry and Traders were adapting to the onset of IMO 2020 with the low sulphur fuel regime for Ships, consequences of Trump’s Trade War with China and the lingering effects of the crash in Oil Prices, each causing different effects. [...]
International Seaways is taking over Diamond S Shipping The same cast of characters has been in tanker circles for years. If their company goes bust, they pop up somewhere else. Sometimes they fight with each other. Sometimes they cooperate. Occasionally, they sell their entire fleets to one another (and [...]
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 [...]
