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Airline industry profit to reach $35.5B next year—IATA

Airline industry profit to reach $35.5B next year—IATA

Dec. 15 | The global airline industry is expected to post a net profit of US$35.5 billion in 2019, its tenth year of profitability, predicts the International Air Transport Association (IATA). The 2019 profit outlook is slightly ahead of the $32.3 billion expected...

Ship operating costs to rise in the next few years, says report

Ship operating costs to rise in the next few years, says report

Dec. 15 | Global shipping consultancy Drewry forecasts that average vessel operating costs are set to accelerate over the short term after rising modestly for the second straight year in 2018 following two years of marked declines. In its recently published report...

UNCTAD warns ports not prepared for climate change

UNCTAD warns ports not prepared for climate change

Dec. 12 | The United Nations Conference on Trade and Development (UNCTAD) says ports are not ready to cope with the projected impacts of climate change, a situation that has import on the trade and sustainable development goals of all nations. UNCTAD’s chief...

APL, CNC to consolidate intra-Asia network

APL, CNC to consolidate intra-Asia network

Dec. 12 | CMA CGM subsidiaries APL and Cheng Lie Navigation (CNC) will have their network operations merged under one management in a move to consolidate the two carriers’ intra-Asia business. APL announced December 10 its proposed acquisition of the business...

DHL study: last-mile strategy is key to success of e-commerce retailers, logistics firms

DHL study: last-mile strategy is key to success of e-commerce retailers, logistics firms

Dec. 10 | The last mile of delivery is increasingly becoming the key battleground in the e-commerce supply chain, and companies that can develop targeted strategies to improve performance in this area will emerge as the winners, according to new research by global...

Air freight marks modest growth; passenger traffic makes strong rebound

Air freight marks modest growth; passenger traffic makes strong rebound

Dec. 8 | Global air freight demand inched up in October year-on-year, while passenger traffic enjoyed healthy growth, based on data released by the International Air Transport Association (IATA). The air freight market rose 3.1% in October 2018 year-on-year, the...

Maersk targets zero-carbon shipping by 2050

Maersk targets zero-carbon shipping by 2050

Dec. 7 | Integrated container logistics company A.P. Moller-Maersk has announced a goal to reach carbon neutrality by 2050, which it says can be achieved if carbon-neutral vessels become commercially viable by 2030. In a statement December 4, Maersk said it is...

ICAO conference recommends new aviation security and anti-terrorism measures

ICAO conference recommends new aviation security and anti-terrorism measures

Dec. 5 | A series of new agreements and recommendations to ensure the security of global air transport operations has been drafted by the world’s most prominent aviation security administrations and bodies during the recent 2018 ICAO AVSEC Week, according to...

Fitch Ratings: Healthy but slower growth for box shipping in 2019

Fitch Ratings: Healthy but slower growth for box shipping in 2019

Dec. 5 | Container shipping can look forward to healthy but slower volume growth in 2019 even as the overall global shipping sector’s outlook remains negative, reflecting the demand-side risks of protectionism and slower economic growth, Fitch Ratings says. Higher...

SG releases technical guidance for ships ahead of IMO 2020

SG releases technical guidance for ships ahead of IMO 2020

Dec. 3 | The Maritime and Port Authority of Singapore (MPA) continues to prepare the Port of Singapore and Singapore-registered ships for the International Maritime Organization’s (IMO) 0.5% global limit for sulfur in fuel oil used on board ships, as the new...
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