Asia Pacific freight load factor up fourth month running
The average international freight load factor for Asia Pacific airlines rose for the fourth consecutive month in August following more than two years in decline, but supply chain disruptions continue to blight operations. Preliminary August traffic figures released by the Association of Asia Pacific Airlines (AAPA) found international air cargo demand, as measured in freight […]
New safety standards to handle rising EV shipments
VIRSEC, who have developed the course Lithium-Ion Battery Safety on Ships for Seafarers in partnership with Mariner House, provide advice to avert more accidents related to electric vehicle transportation. Imagine a cargo ship carrying hundreds of electric vehicles suddenly engulfed in flames due to a single battery malfunction. As the flames spread, the crew faces […]
CMA CGM applies overweight surcharge from India, Sri Lanka, Middle East Gulf and Djibouti to Europe
French ocean carrier CMA CGM has notified its customers of an an Overweight Surcharge (OWS), effective from 1 October 2024 (based on the gate-in date) until further notice. The surcharge will apply to shipments originating from India, Sri Lanka, the Middle East Gulf, and Djibouti, destined for North Europe (including Scandinavia, Poland, and the Baltic), […]
Intermodal Transportation Solutions: Revolutionizing the Way Goods Move
In an increasingly globalized world, the need for efficient, cost-effective, and sustainable transportation has never been greater. As businesses strive to optimize their supply chains, intermodal transportation solutions have emerged as a key strategy for moving goods seamlessly across various modes of transport. This method leverages the strengths of different transportation modes—such as rail, truck, […]
Marsh, Tokio Marine Kiln introduce market-first trade disruption facility for ports and terminals
Marsh and Tokio Marine Kiln (TMK) have unveiled a groundbreaking insurance facility for ports and terminals, offering coverage for business interruption caused by trade disruptions. This exclusive product, developed by Marsh’s Marine Cargo & Logistics team in collaboration with Tokio Marine Kiln and led by Ed Parker, TMK’s Head of Special Risks, is available globally […]
PIL unveils sustainability report for 2023
Pacific International Lines (PIL) published the Environmental, Social, and Governance (ESG) report for 2023, underscoring a robust commitment to pioneering greener shipping solutions, enhancing community engagement, and fortifying governance and ethical standards. Amid the global push towards decarbonization, PIL has anchored its environmental efforts in the International Maritime Organization’s (IMO) 2023 GHG Strategy. The shipping […]
Qantas the latest to sign up for Western Sydney’s cargo precinct
Qantas has joined Menzies and signed up to take a facility at the new Cargo Precint area being developed at Western Sydney International (WSI) Airport. The Qantas facility at the precinct will measure 24,000 sq m and include around 14,000 sq m of warehousing. The hub will be capable of handling Qantas’ freighter fleet of […]
Container spot rates experience steepest decline in non-Covid year
“The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. In total, the SCFI has dropped 43% during the third quarter, the largest Q3 drop in a year not affected by the COVID pandemic (2020-2023) since the SCFI was launched in October 2009,” stated Niels Rasmussen, Chief Shipping Analyst at BIMCO. The only […]
PSA Belgium accelerates shore power installation at Europe Terminal
PSA Belgium announced that its Europa Terminal at the port of Antwerp-Bruges will have an advanced shore power installation by 2026. With a capacity of 7.5 megawatts, up to 100 container ships will be able to switch to green power each year, resulting in a CO2 reduction of more than 10,300 tons, which is equivalent […]
dnata adopts HVO at Heathrow
Ground handler dnata is now running its Heavy Goods Vehicle (HGV) fleet of 70 trucks at the UK’s Heathrow Airport on Hydrotreated Vegetable Oil (HVO) to further reduce its carbon footprint. Moving from diesel to the fossil-free biofuel is projected to reduce the carbon footprint of dnata’s HGV’s fleet by 77%, cutting carbon dioxide equivalent […]