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Transpacific freight rates set new record high

Transpacific freight rates set new record high

Sep. 26 | Eastbound spot container freight rates have not just increased a lot since the COVID-19 outbreak started, they now exceed previous historical highs by an astounding 40%, according to data from Drewry. The reading for the week for the Drewry Hong Kong-Los...

CMA CGM enters air freight with 30% stake in airline

CMA CGM enters air freight with 30% stake in airline

Sep. 26 | CMA CGM has bared plans to acquire 30% of Groupe Dubreuil Aéro, signaling the container shipping company’s entry into the air transport sector. The French shipping company in a statement on September 23 announced the signing of a memorandum of understanding...

Air freight volume down 17% in Aug, 22% since March

Air freight volume down 17% in Aug, 22% since March

Sep. 24 | Worldwide air cargo volume carried by airlines dropped 17.2% and the number of shipments fell 29% in August year-over-year, according to the latest WorldACD market data. From March 2020 up to August, volume declined by 22% and the number of shipments...

CMA CGM launches first of 9 LNG-powered mega box ships

CMA CGM launches first of 9 LNG-powered mega box ships

Sep. 23 | Marseille-based CMA CGM has deployed the first of a series of nine 23,000-TEU container ships powered by liquefied natural gas (LNG), making the newbuild the world’s first and largest LNG-run container vessel. The deployment of CMA CGM Jacques Saade...

Crew change crisis a threat to global trade, supply chains, warns IMO

Crew change crisis a threat to global trade, supply chains, warns IMO

Sep. 23 | The crew change crisis needs to be urgently resolved as it is not just a threat to the well-being of seafarers but also to the normal flow of global trade, supply chains, and maritime transport, according to the International Maritime Organization (IMO). The...

Keep ships moving, ports open, trade flowing: UN agencies to gov’ts

Keep ships moving, ports open, trade flowing: UN agencies to gov’ts

Sep. 21 | Eight United Nations (UN) organizations are calling on governments to facilitate trade and transport and restore supply chain connectivity amid the severe economic fallout from curtailing travel and closing borders. The UN bodies made the call as they...

5G to transform logistics operations 5 ways—report

5G to transform logistics operations 5 ways—report

Sep. 20 | The eventual widespread deployment and adoption of 5G technology will change the way companies operate and transform supply chain management and logistics operations, according to a new report from Transport Intelligence (Ti). 5G is fifth-generation wireless...

Box ship calls rebound in Q3—UNCTAD finds

Box ship calls rebound in Q3—UNCTAD finds

Sep. 19 | Port calls by container ships rebounded in many parts of the world in the third quarter, hinting at early but uneven signs of global merchandise trade recovery, United Nations Conference on Trade and Development (UNCTAD) data showed. Maritime shipping...

Cathay Pacific fights for survival, parks 40% of fleet

Cathay Pacific fights for survival, parks 40% of fleet

Sep. 16 | Hong Kong flag carrier Cathay Pacific is grounding 40% of its passenger fleet and moving it out of Hong Kong as the flag carrier fights for survival amid dwindling passenger numbers and unremitting cash burn. The airline group in a statement said it is...

HK Airport receives ACI Airport Health Accreditation

HK Airport receives ACI Airport Health Accreditation

Sep. 14 | The Hong Kong International Airport (HKIA) has been accredited under the Airport Health Accreditation (AHA) program of the Airports Council International (ACI) in recognition of the airport’s enhanced health measures aimed at building passengers’...