HIGHLIGHTS
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CMA CGM Group completes acquisition of Bolloré Logistics for €4.850B
February 29, 2024 - The Bolloré Group and the CMA CGM Group have announced the completion of the sale of 100% of Bollor&a...
OCEAN Alliance announces extension for another 5 years to 2032
February 27, 2024 - The OCEAN Alliance — whose members are CMA CGM, COSCO Shipping, Evergreen Line, and Orient Overseas Container Line...
European Commission approves CMA CGM takeover of Bolloré Logistics
February 27, 2024 - The European Commission (EU) has approved, under the EU Merger Regulation, the proposed acquisition of Bollor&#...
BIMCO: Cargo volumes in Red Sea area drop 21% due to attacks on ships
February 27, 2024 - Cargo volumes to and from ports in the Gulf of Aden and the Red Sea have fallen by double-digits in the first few weeks...
Walsh: Aviation industry to grow slower, but APAC to lead growth
February 26, 2024 - The aviation industry is poised for growth in the next 20 years, albeit at a slower pace than the previous decades, as...
Unprecedented shipping disruptions raise risk to global trade, UNCTAD warns
February 23, 2024 Recent attacks on commercial vessels in the Red Sea have severely affected shipping through the Suez Canal, adding to...
Vienna Airport inks deal with Incheon Airport, Korean Air to boost its cargo hub status
February 23, 2024 Vienna Airport is boosting its capabilities to handle growing air cargo volumes with a new Incheon Airport and Korean...
Hong Kong reports continued double-digit cargo growth in January
February 20, 2024 Hong Kong International Airport (HKIA), the world's busiest cargo hub, continued to record double-digit air c...
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...
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