Diana Shipping extends post-panamax deal at slightly lower rate
New York-listed Greek bulker owner Diana Shipping has extended the time charter contract with Aquavita International for one of its post-panamax dry bulk vessels. Aquavita International hired the 2013-built, 87,146 dwt bulker Phaidra. The gross charter rate is $12,000 per day, minus a 4.75% commission paid to third parties, for a period until a minimum […]
Egypt remains vulnerable to global shipping disruptions
The geopolitical situation in the Red Sea area has continued to deteriorate, leading to significant shipping disruptions in the Suez Canal. According to the UNCTAD report, as of early 2024, the crisis that began in November 2023 has resulted in a notable decline in Suez Canal revenues by about 40%, significantly affecting Egypt’s financial stability. […]
US port strikes end as temporary agreement reached
US importers and exporters will be breathing a sigh of relief after dockers at US container ports last night agreed to return to work after three days of strike action. The industrial action was launched on Tuesday as the dock workers’ contract ended without an agreement on a new deal. The strikes threatened to cause […]
South Korea’s intra-Asia container trade grows
South Korea traded 367,000 TEUs of containers with eight other Asian economies in August, translating to a 12% year-on-year increase, accomplishing the second highest monthly volume after 368,100 TEUs in April. Exports accounted for 161,300 TEUs, representing a 5% growth, while imports were increased by 18% to 205,600 TEUs. Exports and imports increased to and […]
GlobalX partners with Airblox on Chicago-San Juan flight capacity
Next week US charter airline Global Crossing Airlines (GlobalX) will begin operating round-trip cargo charter flights between Chicago (ORD) and San Juan (SJU) three times per week as part of a new capacity partnership with digital air cargo capacity exchange, Airblox. Capacity on the service will be exclusively available through the Airblox platform. The service […]
Culture is capital at cargo.one
This year cargo.one is focusing on growth opportunities while retaining its core culture. Merger and acquisition (M&A) opportunities within the technology space could form a part of cargo.one’s future growth. The digital platform for booking and marketing airfreight capacity has already partnered with a number of companies, but is still a young company that values […]
Putzger Perspective: Canadian freeze for airlines
Air cargo operations have been tough in the Canadian market, though there are still ample opportunities for charter flights. The Canadian air cargo market is still waiting for its revolution. WestJet, which had promised to disrupt the frozen landscape, abandoned its quest to do so before this correspondent could figure out how an operation with […]
Heavylift supply chains thrive
Moving outsize and extremely heavy loads by air is a specialist business and a thriving one, according to the carriers, freight forwarders and handlers that are experts in the sector. Qatar Airways Cargo operates a fleet of 28 dedicated Boeing 777 freighters, which offer the specialised capability to transport a wide range of heavy and […]
UK’s cold chain sector faces opportunities and challenges
Some pointers about the possible future shape and direction of air cargo’s cold chain component, led by a more productive relationship with the new government, were outlined at the recent Cold Chain Live event in the UK. Figures made available at the conference from the 2024 Cold Chain Report show air cargo facilitated the export […]
Arctic emission control areas established at MEPC
As is common when it gathers, the final day of the Marine Environment Protection Committee (MEPC) meeting at the headquarters of the International Maritime Organization (IMO) is expected to run late with many last-minute compromises and negotiations. Among this week’s confirmed important agreed milestones has been the agreement to adopt key amendments to MARPOL Annex […]