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Malaysia’s national day parade to affect nearly 500 flights

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August 21, 2018 Nearly 500 flights will be affected when Malaysia closes the airspace near its major international airport every morning for five days next week to prepare for independence day celebrations, the transport ministry said. Malaysia’s annual National Day parade, which features an aerobatic performance by the air force, is normally held on Aug. […]

Drewry: Turkey Lira Crisis May Affect Asia-Med Growth

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August 21, 2018 Rising Asia to Mediterranean freight rates might not last long as economic crisis engulfs Turkey, Europe’s fifth largest importer of goods from Asia, according to Drewry’s latest weekly insight. As explained, the Asia to Europe trade lane has experienced difficulties this year, but the weakness was largely confined to the North Europe […]

Brexit inaction ‘not an option’, says CILT

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August 14, 2018 On Thursday August 9, Chris Grayling MP, the UK’S secretary of state for transport, hosted a road haulage round table with professional representatives, the Department for Transport (DfT), the Chartered Institute of Logistics and Transport (CILT) and other government departments to consider plans for Brexit, including a no-deal scenario. Reflecting on the […]

Electronics company facing $126,000 HazMat fine from FAA

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August 13, 2018 A Florida-based electronics company is facing a $126,000 fine from the Federal Aviation Administration (FAA) for alleged violations of Hazardous Materials Violations. RAE-I.T. Asset Management of Ocala, Florida is accused of offering a shipment containing 220 lithium ion mobile phone batteries weighing 16 kilos to UPS for shipment by air on 24 […]

VesselsValue: US Sanctions on Iran to Affect Greek Owners

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August 13, 2018 Greek shipowners, that dominate Iranian exports, are most likely to be affected by the upcoming US sanctions on Iranian ports, shipping and energy sectors. A significant increase in trade volumes with a seasonal pattern in ton-mile exports were witnessed following the lifting of US sanctions in January 2016, as total volumes kept […]

Drewry: Reefer Trade Growth to Push Freight Rates Up

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August 9, 2018 Despite moderating perishable seaborne trade growth, continued modal shift will sustain expansion in the containerised reefer trade and so support freight rate development, global shipping consultancy Drewry said. Containerised reefer traffic expanded by 8% in 2017, outpacing the growth in overall seaborne reefer trade. The growth was mainly driven by the continued shift […]

IATA: Growth slows in June as world trade deteriorates

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August 8, 2018 The growth in global airfreight demand continues to slow with freight tonne kilometres increasing by 2.7 per cent in June, the International Air Transport Association (IATA) says. The association says this continues the slowdown that began earlier in 2018, with growth for the first half of the year standing at 4.7 per […]

MSI: Container Charter Earnings Level Off in July

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August 8, 2018 After a pattern of divergence at the start of the year, July saw a modest realignment between charter and freight markets in the container shipping sector, the research and consultancy firm Maritime Strategies International (MSI) said. Following an impressive run since the end of 2017, time charter earnings have levelled off in recent weeks, […]

DP World Buys Shortsea Operator Unifeeder

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August 7, 2018 Dubai-based port operator DP World is to acquire Unifeeder Group, the largest Pan-European feeder and shortsea operator.  On August 7, DP World signed the agreement to acquire 100% of Unifeeder for EUR 660 million (around USD 763.6 million) from the company’s majority owner, Nordic Capital Fund VIII, and certain minority shareholders. As […]

BPA Calls for Action as “No Deal” Brexit Is Now Likely

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August 6, 2018 The British Ports Association (BPA) has called for renewed emphasis on cross border trade facilitation following a research which showed that growing opinion that a ‘no deal’ Brexit outcome is now likely. The research, which was conducted by Maritime UK and the Institute of Directors, “underlines the growing feeling a ‘no deal’ is a […]