Hong Kong Air Cargo signs MoU with ZTO Express
Hong Kong Air Cargo (HKAC) has signed a strategic cooperation memorandum of understanding (MoU) with Chinese logistics company ZTO Express Group to strengthen their partnership in the air cargo sector. ZTO is a major express delivery company in China and one of the largest express delivery companies globally. The MoU will see HKAC provide services […]
DHL and Central Airlines sign partnership agreement
DHL Express has signed a Letter of Intent to enter into an Operating Agreement with Central Airlines (HLF / I9) to deploy two DHL B777 freighters. This marks the first collaboration between DHL Express and a local Chinese cargo airline. “The signing of the Letter of Intent is an important milestone for both parties in […]
Shipment disrupted in Bangladesh as curfew enforced: PM resigns
Garment and all factories remained closed Monday as the Bangladesh government reinforced curfew to calm down agitating students, as they had been heading towards Dhaka to oust the government. The factories will remain closed until further orders are issued. From depots in Chittagong, only a few hundred boxes could go to the port for shipment. […]
Jawaharlal Nehru Port Authority achieves record box volumes in July
Jawaharlal Nehru Port Authority (JNPA), India’s major port, has reached a significant milestone in its history. In July 2024, JNPA handled an impressive 603,219 TEUs, the highest monthly container throughput ever recorded at the port, surpassing the previous record of 594,793 TEUs set in March 2024. This achievement represents a remarkable month-on-month growth of 16.39%, […]
Modern Logistics targets fleet and network growth
Brazilian integrated logistics company Modern Logistics will begin the first phase of its international expansion strategy later this month and has further plans to expand its fleet. As previously announced, the expansion strategy comprises two stages. The initial phase will begin on August 15 and expand Modern’s service to Colombia, Ecuador, Chile, Argentina and Uruguay. […]
Wallem Group and COSCO forge strategic partnership
Wallem Group, a marine transport management company, announced the signing of a strategic cooperation deal with COSCO Shipping Seafarer Management Company to strengthen collaboration between the two organizations. Han Chao, Chairman and Party Secretary of COSCO Shipping Seafarer Management Company, and John Rowley, CEO of Wallem Group, signed the agreement on behalf of their companies. […]
CMA CGM applies new rates from Europe to US and Mexico
CMA CGM has announced that starting from 1 September, a rate restoration initiative will be implemented for tariff or service contract rates for cargo from or via all North European ports, including North France, the United Kingdom, Ireland, Scandinavia, Poland, the Baltic, Portugal, and North Spain (Bilbao, Vigo, Gijon) and destined for the US East […]
IndiGo begins new India-China freighter route
IndiGo CarGo has begun operating freighter flights between Kolkata in India and Ezhou in China as it continues to expand its network. The freighter flights between Netaji Subhash Chandra Bose International Airport (CCU) and Ezhou Huahu Airport (EHU) in central China’s Hubei Province will operate three times a week, said Mark Sutch, chief commercial officer cargo. […]
Panama Canal introduces new long-term slot allocation method
The Panama Canal announced the introduction of a Long-Term Slot Allocation (LoTSA) Method for Neopanamax vessels, as part of the Transit Booking System. With this new measure, Panama Canal aims to increase transit certainty and flexibility for its clients. Currently, the slot offering in the Transit Booking System is done daily with an anticipation period […]
Golar LNG and BP agree new terms for FLNG Gimi
Floating liquefied natural gas (FLNG) specialist Golar LNG and UK energy major BP, as operator of the Greater Tortue-Ahmeyim LNG project, have executed agreements to implement a commercial reset for FLNG Gimi. The commercial reset agreement simplifies contractual cash flows and settles previous disputes related to payment mechanisms for pre-commercial operations date contractual cash flows. […]