CNBC reports: The U.K. government has intervened in Nvidia’s proposed $40 billion takeover of chip designer Arm on national security grounds. Britain’s Digital Secretary Oliver Dowden issued a Public Interest Intervention Notice (PIIN) on Monday. It’s not clear what the national security grounds are but the Department for Digital, Culture, Media and Sport said Dowden “considered advice...
Etihad Cargo, through its partnership with WiseTech, has listed its airfreight capacity on cloud-based digital air cargo platform CargoWise. Freight... Read More The post Etihad Cargo lists capacity on CargoWise appeared first on Air Cargo News. ...
REUTERS reports: Bitcoin, the world’s biggest cryptocurrency, fell as much as 14% to $51,541 on Sunday, reversing most of the big gains it made over the past week. Bitcoin was last trading down 10% at $53,991 as of 1320 GMT, a whopping $12,000 below record highs set on Wednesday. Smaller rival Ether ,...
Container spot rates are beginning to head upwards again across all trades from already elevated levels, as carriers reduce their commitment to contract volumes in favour of much higher FAK rates. The Freightos Baltic Index (FBX) China-North Europe component edged up to $7,316 per 40ft this week, and market reports to The...
Nearly a decade after it was first mooted, the joint IATA-FIATA Air Cargo Progamme (IFACP – previously called CAMP), by which forwarders stopped being ‘agents’ of the airlines, has been quietly dropped, with carriers and their customers unable to agree. Instead, IATA’s Cargo Agency Conference (CAC) has chosen to give freight forwarders...
Cathay Pacific Cargo has welcomed the latest change to Hong Kong’s crew quarantine rules. Earlier this week, the government announced... Read More The post Cathay Pacific hopeful on cargo following latest quarantine development appeared first on Air Cargo News. ...
Before the pandemic hit the world of air cargo, there were five or six industry developments that were constantly hitting... Read More The post Drones back on the agenda for air cargo appeared first on Air Cargo News. ...
Cargo volumes at Brussels Airport are now higher than pre-Covid levels, according to its March 2021 figures. In March this... Read More The post Cargo volumes higher than pre-Covid levels at Brussels Airport appeared first on Air Cargo News. ...
Virgin Atlantic will offer its customers the option of leasing SkyCell containers for the transportation of pharma shipments. The airline... Read More The post Virgin Atlantic signs up for SkyCell containers appeared first on Air Cargo News. ...
As the fallout from Ever Given cascades through container supply chains, it’s getting more difficult for Indian forwarders to secure shipping capacity. According to Rakesh Pandit, CEO of Conbox Logistics: “Not only are European shipments running late, but we’re seeing a lot of cancelled bookings placed in March from countries such as Italy,...
