Archive

IATA boss says limiting Brexit consequences important for airlines

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December 12, 2018 A leadership challenge to British Prime Minister Theresa May announced on Wednesday could be good news for airlines if it leads to Brexit being delayed or canceled, the head of the International Air Transport Association (IATA) said on Wednesday. “Brexit is not good news for this industry. We have always said that. […]

IATA: Growth to slow in 2019 as world trade weakens

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December 12, 2018 Demand growth is expected to slow in 2019 due to weaker world trade conditions, with tonnage predicted to increase 3.7%, the International Air Transport Association (IATA) says. The association is predicting that, following an increase of 4.1% in 2018, growth will slow to 3.7 per cent to 65.9 million tonnes, the slowest […]

Alibaba and Belgian government promote trade under eWTP

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December 7, 2018 The government of Belgium has signed an agreement with Alibaba Group to promote trade under the Electronic World Trade Platform (eWTP) initiative. Both parties will work closely to build a more inclusive and innovative trade platform to facilitate greater and more equitable access to cross-border trade opportunities, particularly for small and medium-sized […]

IATA: Cargo demand picks up again in October

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December 5, 2018 Freight demand picked up again in October with freight tonne kilometres increasing by 3.1 per cent, the International Air Transport Association (IATA) says. The pace was up from a 29-month low of 2.5 per cent in September, though freighter capacity in available freight tonne kilometers rose by 5.4 per cent, the eighth […]

Drewry: Ship Operating Costs Rise for the 2nd Year in a Row

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November 26, 2018 Average vessel operating costs rose for the second year in a row following two years of marked declines, but cost inflation is set to accelerate on higher insurance premiums, shipping consultancy Drewry said. Typical ship operating costs accelerated moderately in 2018 as the uncertain recovery in freight markets across most cargo sectors […]

Cargo pilots concerned about how airlines are run

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November 21, 2018 Pilots contracted to fly for Amazon Air and DHL are concerned about the way their airlines are being run, survey results have found. More than 1,200 pilots at Atlas Air Worldwide subsidiaries Atlas Air and Southern Air, and Air Transport Services Group (ATSG) subsidiary ABX Air were asked questions about hiring, retaining, […]

ONE, Hapag-Lloyd and MSC Team Up on Asia-South America Service

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November 21, 2018 Liner giants Ocean Network Express (ONE), Hapag-Lloyd and Mediterranean Shipping Co (MSC) have expanded their partnership in the Asia-South America trade lane with a new service. The service will connect Asia with the east coast of South America, calling major ports in Korea, China, Singapore, Brazil, Uruguay, Argentina and South Africa. It is scheduled […]

Maersk, MSC, CMA CGM, Hapag-Lloyd and ONE to Form Liner Association

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November 15, 2018 Liner giants MSC, A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, and Ocean Network Express plan to set up an association aimed at digitalization, standardization and interoperability in the container shipping industry. The IT executives from these companies are discussing common information technology standards, which would openly available and free of charge for all stakeholders of […]

Chabahar Port Development Exempted from US Sanctions

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November 9, 2018 The Unites States has excluded the development of the Chabahar Port in Iran from the “maximum-pressure” sanctions against Tehran reimposed on November 5. The sanctions are targeting Iran’s energy, shipbuilding, shipping, and banking sectors to exert pressure on the country to abandon its nuclear program, development of ballistic missiles and other “malign activities.” The U.S. […]

U.S. Sanctions against Iran to Drive Tanker Rate Increases

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November 5, 2018 The United States is standing its ground on the plans to reimpose sanctions on Iran’s energy, shipbuilding, shipping, and banking sectors, which will enter into force today, November 5. The sanctions will be imposed on entities, vessels and individuals, the ultimate aim being “to compel Iran to permanently abandon its well-documented outlaw activities,” Secretary […]