HIGHLIGHTS
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Asia poised to reach 40% market share of total cargo traffic in 2024
February 15, 2024 - Asia is poised to increase its market share of the total cargo traffic at a global level this year, according to the...
BIMCO calls on IMO to solve inconsistencies in ship recycling conventions
February 15, 2024 - BIMCO is calling on the International Maritime Organization (IMO) to solve what they described as legal inconsistencies...
Asia-Pacific logistics rents continued to rise in the second half of 2023 led by Manila
February 14, 2024 - Logistics rents in the region continued to grow, according to Knight Frank, powered by an acceleration in rental growth...
Nominations for the 2024 AFLAS Awards are now open
February 13, 2024 - Nominations for the 2024 AFLAS Awards are now open. This is your opportunity to nominate the best freight, logistics...
Korean Air gets approval from the European Commission on Asiana merger
February 13, 2024 - Korean Air announced that the European Commission (EC) had approved its business combination with Asiana Airlines on...
Port of NY/NJ expects cargo volume growth in 2024 despite challenges
February 9, 2024 The Port of New York and New Jersey (Port of NY/NJ) expressed optimism for continuous cargo growth this year, despite...
Maersk open to looking at possible DB Schenker acquisition
February 9, 2024 A.P. Moller–Maersk is now open to looking at a possible acquisition of Germany's DB Schenker, the logistics ar...
BIMCO: Container market grows 0.2% y/y in 2023 as the fleet swells
February 8, 2024 In 2023, the container market grew 0.2% year-on-year, ending at 173.8 million twenty-foot equivalent units (TEU),...
Hong Kong sets new record for Chilean cherry containers
February 8, 2024 Hong Kong has set a new record for cherry container deliveries from Chile. Modern Terminals said the arrival of ITAJAI...
Logistics execs wary of 2024 recession and overreliance on China
February 7, 2024 Global logistics executives, still worried about a recession, say they are battling higher costs, reducing dependence...
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