IATA claims global aviation is on course for a “decade in the black”. However, the annual pace of growth in cargo is well below last year’s “exceptional” performance. Despite the slowdown, the association remains relatively positive about future growth, albeit it at a slower pace. “The expected 3.7% annual increase in cargo tonnage next year to 65.9m…

Vessel cascading has been an ever-present feature of container shipping since liner executives first understood the benefits of economies of scale and began the box ship capacity arms race. But over the next few years, there are likely to be only a few arenas where it will take place, according to Drewry Maritime Advisors’ director…

Container shipping company AP Moller – Maersk has unveiled plans to completely cut carbon dioxide (CO2) emission from its operations by 2050. In order to meet the goal, Maersk intends to have carbon neutral vessels commercially viable by 2030, as well as accelerate new innovations and adopt new technology. The company has called for a…

CMA CGM moved back into the black in the third quarter, and recorded a net profit of $49m for the nine-month period. However, in the third quarter, the French carrier was beaten to its ‘best in class’ financial performance ranking by Hapag-Lloyd which reported a stronger recovery. CMA CGM’s turnover during Q3 increased by 6.3% on the same period last year,…

The failure of the US and China to agree on trade at the weekend makes further tariffs on Chinese goods to the US seem increasingly likely. But while most economists agree that trade wars are ineffective and harmful, some players in the logistics industry are seeing opportunities – mostly in air freight, which typically benefits from chaos…

Remember to book your sea freight imports in time for Christmas! ? Please contact a member of our team as we have very competitive rates for this month – email [email protected] or call 02380 337778 We handle all types of cargo, including full container load (FCL), less container load (LCL) and NVOCC groupage shipments. We…

CMA CGM Group, which includes ocean carrier APL, has raised its emergency bunker surcharge (EBS) to $100 per teu for all deepsea cargo movements from 1 December. Introduced by the French carrier and a number of its peers on 1 June, in response to higher fuel prices, the controversial EBS was initially set by CMA CGM at…

Peak season is quickly coming upon the air freight industry.  Forwarders are reporting limited capacity on Asia-US, with rates from Hong Kong into New York now hitting HK$36 per kg (US$4.58) on major carriers such as Cathay, Cargolux and Asiana. Los Angeles rates are marginally lower, hovering at between HK$30 and HK$35++. “The air freight market…

Heathrow has been given the green light to spend £43m on its cargo activities – but input from carriers could stretch the budget further. Head of Heathrow Cargo Nick Platts has long campaigned for a freight budget, and now has a five-point plan for the cash. But one item on his wish list – a “forecasting and…

Are you feeling festive yet?! Maybe not, but sea freight imports need to be organised soon to get them in time for Christmas! Time is of the essence. Please contact a member of our team as we have very competitive rates for this month – email [email protected] or call 02380 337778 We handle all types…