Air cargo’s Lunar New Year blues
Global airfreight weakness has worsened to start 2023 in the face of a global economic slowdown and the lack of a typical bounce around the
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kelly5792
- Feb 14
- 3 min
Import demand continues to fall
Average daily bookings for container imports were half of what they were in January of 2022 and 25% lower than pre-pandemic 2020.
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kelly5792
- Feb 13
- 3 min
Chatbot technology and shipping
But, what about shipping? Is there any room for it to be applied?
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kelly5792
- Feb 13
- 2 min
Cyclone Gabrielle: Thousands left without power in New Zealand
Some 46,000 homes have lost power as Cyclone Gabrielle lashes the north of New Zealand. Authorities have issued warnings of heavy rain...
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kelly5792
- Feb 10
- 1 min
Drewry’s World Container Index sinks below $2,000 per feu
The Drewry World Container Index ducked below the $2,000 per feu mark today for the first time since July 30, 2020.
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donavan626
- Feb 9
- 1 min
$662m made available for American port development
The US Department of transportation’s Maritime Administration (MARAD) has made $662m available for port infrastructure development this year
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donavan626
- Feb 8
- 2 min
Earthquake death toll rises in Turkey and Syria, with supply line chaos
The 7.8 magnitude earthquake that hit Turkish and Syrian border towns , has caused serious shipping disruption
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donavan626
- Feb 6
- 2 min
Liners now in the red on a mark-to-market basis
Sam Chambers from investment bank Jefferies. Mark-to-market is an accounting practice that involves adjusting the value of an asset to...
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donavan626
- Feb 2
- 2 min
Surge in freighter orders by carriers, despite 'paradigm shift' in air cargo
Air cargo capacity may still be down by as much as 10% on pre-pandemic levels, but over-supply could soon be the story, as freighter...
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donavan626
- Jan 30
- 3 min
Cargo back to 'playing second fiddle' at US carriers, but has momentum
Like its US rivals United and Delta, American Airlines cargo revenue slipped, year on year, but still managed to rake in over $1bn.
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donavan626
- Jan 26
- 1 min
Liner alliances up in the air as MSC and Maersk give separation notice
Liner shipping is ready for an immense scrap as it braces for a downturn with the fabric of its alliance structure now under severe strain.
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donavan626
- Jan 23
- 2 min
Transforming global trade will drive supply chain changes
Trade patterns are expected to change, as recent economic and geo-political shocks have exposed weaknesses in supply chains.
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donavan626
- Jan 19
- 2 min
Port of Virginia sees record volumes in 2022
Count the Port of Virginia as another East Coast port that saw record volumes in 2022.
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donavan626
- Jan 18
- 2 min
Airfreight rates still tumbling as soft market sparks early CNY factory closures
With factories already closing in China, ahead of next week’s new year holiday, airfreight rates on major routes have continued to decline.
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donavan626
- Jan 17
- 3 min
Climate disruption set to cost ports billions, says new study
An analysis of some 1,340 ports by researchers at the ECI found 40% are exposed to ‘maritime’ hazards.
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donavan626
- Jan 16
- 3 min
Little to cheer for liners as Chinese New Year approaches
Container indices are levelling out, but there is scant reason for optimism in the opening fortnight of 2023.
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donavan626
- Jan 12
- 2 min
Chicago O’Hare avoids labor impasse, cargo disruption
A final ground handling agent at Chicago O’Hare International Airport has reached a required labor agreement
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