HIGHLIGHTS
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Air cargo shows signs of improvement in February; surpasses pre-Covid levels
April 5, 2023 - The International Air Transport Association (IATA) released data for February 2023 on global air cargo markets showing...
Port of New York and New Jersey regains top spot as US busiest port in February
April 4, 2023 - The Port of New York and New Jersey announced that it moved the most cargo in the US in February and year-to-date in...
Drewry: Switch to green e-methanol would raise bunker costs by 340%
April 3, 2023 - Drewry said in a new analysis that switching to green e-methanol would raise bunker costs by 340%. It said that this...
SATS completes acquisition of Worldwide Flight Services
April 3, 2023 - SATS Ltd. (SATS) announced it had completed its acquisition of global air cargo logistics provider Worldwide Flight...
Cathay Cargo said Q2 performance to look "a lot better" than Q1
March 31, 2023 - Cathay Cargo signalled optimism for better months ahead as it gave an update on its operations so far this year. Fred...
Asia Pacific airlines reported another month of cargo decline in February
March 30, 2023 Asia Pacific airlines continued to report a downtrend in air cargo volumes for February as concerns over the broader...
ONE, other members of Poseidon complete Atlas Corp acquisition
March 29, 2023 Ocean Network Express (ONE) announced the completion of the acquisition bid for Atlas Corp., owner of Seaspan Corp.,...
Kerry Logistics says 2023 to be another challenging year for global logistics
March 28, 2023 Kerry Logistics painted a rather bleak outlook for global logistics this year, noting ongoing market uncertainties...
OOCL sees mixed business outlook amid persisting global economic uncertainties
March 24, 2023 Orient Overseas (International) Limited expects a mixed business outlook in 2023 which would be dependent on various...
HK forwarders welcome proposals for e-cigarette transshipments following ban
March 22, 2023 Freight forwarders in Hong Kong have welcomed amendments introduced by the government over transhipment regulations of...
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