HIGHLIGHTS
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Suez Canal Economic Zone gets over US$3B in Chinese investments
May 31, 2023 - Following an official Egyptian visit to China in end-May, Chinese companies have committed to invest US$3 billion worth...
FedEx strikes deal with pilot union averting strike
May 30, 2023 - FedEx has announced that it has achieved a "tentative agreement" with its pilots regarding an...
Asia Pacific airlines record another month of cargo slump in April
May 30, 2023 - Asia Pacific airlines recorded another month of cargo decline in April — following a downtrend seen since the start of...
Drewry: Reefer shipping to outpace dry cargo trade growth
May 29, 2023 - Seaborne reefer trade is poised for a return to growth in 2023, with volumes set to increase by 2.1%, outpacing the...
PSA acquires minority stake in Vietnam logistics firm, SOTRANS Group
May 25, 2023 - PSA International Pte Ltd (PSA) has through its fully-owned subsidiary, PSA Cargo Solutions Vietnam Investments Pte...
Suez Canal traffic halted momentarily as Hong Kong-flagged ship runs aground
May 26, 2023 A Hong Kong-flagged cargo ship has briefly ran aground again in the Suez Canal on May 25 blocking one of the...
Fewer containers were lost at sea in 2022
May 26, 2023 Fewer containers were lost at sea in 2022 compared to the preceding year, according to the The World Shipping Council...
PSA, Kazakhstan Railways form joint venture for Trans-Caspian rail corridor
May 22, 2023 PSA International Pte Ltd (PSA) and Kazakhstan Railways (KTZ), have signeed an agreement to establish a joint venture...
Hong Kong reports another month of air cargo volume decline in April
May 22, 2023 Hong Kong continued to report lower air cargo volumes in April as persisting global economic uncertainties continued to...
China’s Yangshan Port tops new Container Port Performance Index
May 20, 2023 Yangshan Port in China took top position in the third edition of the global Container Port Performance Index (CPPI),...
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