HIGHLIGHTS
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US initiates "Operation Prosperity Guardian" to safeguard shipping in the Red Sea
December 18, 2023 - The United States (US) has initiated Operation Prosperity Guardian, a multinational security initiative aimed at...
Hong Kong exports expected to grow 4-6% in 2024 driven by electronics demand
December 14, 2023 - Hong Kong exports are expected to grow by 4% to 6% next year — a sharp contrast to the 11% decline in the city&#...
@Shutterstock/s_oleg Global trade to shrink by 5% in 2023 amid geopolitical strains, shifting trade patterns
December 11, 2023 - Global trade is projected to end the year 5% lower compared to 2022's record level, shrinking by about US...
Cathay places six orders of A350 freighter aircraft from Airbus
December 8, 2023 - Cathay Cargo has announced it selected the next-generation Airbus A350F freighter to meet its future fleet...
E-commerce volumes from HK, China inflate November global air cargo demand
December 8, 2023 - A surge in e-commerce volumes from Hong Kong and China inflated global air cargo demand by +5% year-over-year in...
IATA: Air cargo demand up 3.8% in October
December 6, 2023 The International Air Transport Association (IATA) reported that global air cargo markets saw another month of cargo...
Turkish Airlines expanding its collaboration with Vietnam Airlines for cargo
December 5, 2023 Turkish Airlines said it has signed a Letter of Intent with Vietnam Airlines, the national flag carrier of Vietnam,...
UPS enhances operations at new hub in the Hong Kong International Airport
December 5, 2023 Global logistics service provider UPS and the Hong Kong Airport Authority (HKAA) have entered into an agreement that...
Shipping CEOs join forces to accelerate the decarbonization of the global maritime
December 4, 2023 The chief executives of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date...
Pakistan becomes Party to Hong Kong Ship Recycling Convention
December 4, 2023 Pakistan has become a party to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling...
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