Port Houston announces new CEO
Charlie Jenkins has officially assumed the role of Chief Executive Officer at Port Houston, taking the helm from long-time executive director Roger Guenther, who retired on 28 August. Jenkins has worked at Port Houston for more than 30 years and was named incoming CEO in April 2024 after most recently serving in the critical role […]
Maersk appoints new Managing Director for India, Bangladesh and Sri Lanka
Maersk has appointed Christopher Cook as its new Managing Director for India, Bangladesh, and Sri Lanka. Cook, who will start in his new role on 1 October, has extensive experience, having held numerous significant leadership roles at Maersk, the most recent being his current position as Managing Director of UAE, Oman, and Qatar. “I am […]
MASKargo seeks to expand in Asia with 737-800 freighter operations
Malaysian cargo airline MASkargo, officially MAB Kargo (Malaysia Airlines Berhad Cargo) is seeking to expand its regional Asia operations by partnering with a Boeing 737-800 freighter operator. According to a tender notice issued by Malaysia Aviation Group (MAG), the Kuala Lumpur International Airport-hubbed cargo carrier is looking for a freighter operator for a period of […]
Canada joins the US in implementing stricter requirements for European air cargo shipments
Canada has joined the US in the sudden implementation of stricter security requirements for Europe- and CIS-based air cargo shippers importing goods into the country. Following the announcement of the new requirements, Air Canada Cargo warned shippers that they face an embargo unless they can meet the new requirements. The airline said that Transport Canada […]
CMA CGM applies new rates from Europe to Latin America and Caribbean
Effective from 1 October 2024 (based on the loading date at the origin ports) until further notice, CMA CGM will implement new Freight All Kinds (FAK) rates for shipments originating from North Europe, the United Kingdom, the Baltics, Scandinavia, Poland, and the West Mediterranean and destined to the West Coast of South America, the West […]
Hapag-Lloyd increases rates from Chile to North America
Hapag-Lloyd has announced a General Rate Increase (GRI) for shipments from Chile to North America, effective from 5 October. This increase will apply to both dry and reefer containers and will remain in effect until further notice. The specifics of the increase are as follows: From Chile to the US East Coast, US Gulf, and […]
Cathay Pacific targets September 7 for return of grounded A350s
Cathay Pacific is aiming to have its full fleet of A350 aircraft back in the skies by September 7. The Hong Kong-hubbed airline was forced to ground 15 out of its 48 A350s when it was identified that engine fuel lines required replacement. The issues came to light when an aircraft was forced to return […]
Transocean pens $123m six-well drillship deal in India
Swiss-based offshore driller Transocean has been awarded a binding letter of award for one of its drillships. Reliance Industries awarded the LoA to the Dhirubhai Deepwater KG1 drillship for six wells offshore India. The 300-day program is expected to begin in the second quarter of 2026 and will contribute approximately $123m in backlog, excluding additional […]
Transocean finds buyer for two rigs worth $342m
Offshore driller Transocean has entered into agreements with a third party to sell two of its rigs for a total of $342m. The two rigs in question are the Development Driller III and the Discoverer Inspiration. The former and its associated assets will be sold for $195m while the latter will be sold for $147 […]
Ex-Asia ocean rates ease slightly to start the month
For shipments to North Europe and the Mediterranean the arrival window for this year’s peak season goods – taking into account longer transit times around the south of Africa and the upcoming Golden Week slowdown in China – is closing, removing some demand-side pressure on rates. Prices to North Europe remain five times higher than […]