Virginia port achieves container growth in FY 2024
The Port of Virginia® closed fiscal year 2024 with 3.5 million TEUs, translating to a 2% increase over fiscal year 2023 and the second-best fiscal year performance in the port’s history. “The work the port team did during the fiscal year 2024 is critical to the progress we are making on the projects that are […]
Pressure on global supply chains eases
Port congestion and tight vessel capacity are easing across the globe as measures taken by terminal and ship operators alike are clearing bottlenecks and dampening spot rate pressures. Consultancy Dynamar said that supply chains have now fully adjusted to the new realities, particularly with the Cape diversions, and with other snags in the supply chains, […]
Unifeeder overtakes CMA CGM as second largest intra-Europe operator
Unifeeder is now the second-largest intra-Europe player, surpassing French ocean carrier CMA CGM through capacity additions. The DP World subsidiary now operates 38,000 TEUs of ships within Europe, up 15% from last year, giving it a market share of 15.1%, up from 12.8% last year. Alphaliner’s report states that the Aarhus-based Unifeeder now operates 40 […]
Hapag-Lloyd appoints former MSC Executive as CFO of its Terminal and Infrastructure division
Camillo Fontana will become Chief Financial Officer (CFO) of Hanseatic Global Terminals (HGT) effective 1 August 2024. Hapag-Lloyd’s Terminal and Infrastructure division Hanseatic Global Terminals involves stakes in 20 container terminals operating in 11 countries across Europe, the Americas, Asia and Africa. Camillo Fontana has more than 15 years of finance experience in container shipping […]
Maersk introduces peak season surcharge in Gabon
Danish ocean carrier Maersk has announced a new peak season surcharge (PSS) from Gabon. Maersk will implement the PSS form Gabon to non-regulated countries, effective from 15 August and to American Samoa, Guam, Puerto Rico, Virgin Islands (US), Colombia, Taiwan and United States, effective from 29 August. Origin Destination Rate basis Container Currency Rate Gabon […]
CLdN announces significant investment in Liverpool terminal
Europe’s multimodal logistics provider CLdN has decided to start a multimillion-pound investment in its Brocklebank terminal at the Port of Liverpool. “These investments are part of CLdN’s plans to increase capacity on its Liverpool-Dublin route,” said the company in a statement. The infrastructure upgrades at the terminal are expected to improve the use of space […]
AAPA reports strong growth in Asia Pacific airfreight
Preliminary June 2024 traffic figures released by the Association of Asia Pacific Airlines (AAPA) show that there was strong demand for international air cargo capacity in the region in June. Overall, Asia Pacific airlines recorded a 16.4% year-on-year increase in international air cargo demand – as measured in freight tonne kilometres (FTK) flown – in […]
Mixed cargo revenue performance for US carriers in Q2
US carriers reported rising cargo volumes in the second quarter of the year but there was a mixed performance on the revenue front. In terms of volumes, American Airlines led the way as its cargo tonne miles (CTM) for the period increased by 20.6% year on year to 515m. However, the increase in volumes came […]
Airfreight rates remain stable despite July global IT outage
The latest data from airfreight price reporting agency (PRA) TAC Index show that global air cargo rates only edged up last week (in the week ending July 29). That news came as a surprise, given the massive global IT outage of 18 July. The overall Baltic Air Freight Index (BAI00) calculated by TAC in the […]
Vintage Camper Care: Essential Storage Tips for RV Enthusiasts
To own a vintage camper means to have your own piece of the past, one’s own charm of a bygone era, a vehicle which connects the owner to the era of the trailblazers. To maintain their glory and serve for many purposes these wonderful cars need attention and careful treatment. Whether you are an old-timer […]