HIGHLIGHTS
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South Korea to invest US$10B to develop Jinhae New Port in Busan
December 16, 2024 - South Korea has announced plans to invest 14 trillion won (US$10 billion) to develop Jinhae New Port, the second major...
Korean Air completes Asiana acquisition for US$1B
December 12, 2024 - Korean Air completed its acquisition of Asiana Airlines on November 16, 2020, four years after announcing the majority...
US halts Premier Alliance, requests additional information
December 10, 2024 - The Federal Maritime Commission (FMC) has paused the new shipping alliance between Ocean Network Express (ONE), HMM,...
Air cargo demand in 2024 shaping up to be banner year
December 3, 2024 - The International Air Transport Association (IATA) said air cargo demand grew for the 15th consecutive month in October...
UNCTAD: Global trade will reach a new high in 2024
December 5, 2024 - World trade is on track to hit a record US$33 trillion in 2024, but risks of expanded trade wars and ongoing...
Ocean Alliance maintains highest capacity market share
December 5, 2024 The Ocean Alliance — composed of members CMA CGM, COSCO Container Lines, Evergreen Line, and Orient Overseas Container...
IATA hits “disappointingly slow” growth in SAF production
December 10, 2024 The International Air Transport Association (IATA) raised concerns about the "disappointingly slow" g...
Supply chain issues to continue to negatively impact airlines into 2025 – IATA
December 10, 2024 The International Air Transport Association (IATA) expects severe supply chain issues to continue to impact airline...
APEC commits to promoting use of electronic Bill of Lading (eBL)
December 10, 2024 The leaders and trade ministers of the Asia Pacific Economic Cooperation (APEC), which covers more than 60% of global...
WorldACD: Asia Pacific generating more than 50% of worldwide air cargo growth
December 2, 2024 Asia Pacific regions are contributing over 50% of worldwide air cargo growth, with the region's manufactu...
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