The US Federal Maritime Commission (FMC) is planning to help shippers “get their money back” from “unreasonable” demurrage and detention (D&D) charges. In November, the FMC launched an investigation into shipping lines’ role in the country’s port congestion, including D&D charges, empty container returns and the practice by some of declining agricultural...
The world’s clothing factory, Bangladesh, today announced an ‘all-closed’ week-long lockdown, starting on Wednesday. It includes all factories, transport and shops, and will create uproar among the country’s export-oriented industry. Only the emergency services will remain open, and the movement of people will be severely restricted in a bid to stop the spread...
Some time around March 2020, while airlines around the world were coming to terms with the impact of the coronavirus... Read More The post China Airlines eyes continued growth in profitable cargo market appeared first on Air Cargo News. ...
NIKKEI ASIA reports: The $20 billion buyout offer for Toshiba by CVC Capital Partners gives the Japanese conglomerate a chance to part ways with activist investors and focus on growth strategy. But the deal faces a number of hurdles involving investors, management and regulators. Toshiba confirmed Wednesday that it received an “initial” proposal...
UPS has revealed plans to purchase electric aircraft as an alternative to fixed-wing planes for time-sensitive deliveries . The express... Read More The post UPS to purchase up to 150 electric cargo aircraft appeared first on Air Cargo News. ...
Ocean carriers enjoyed their best quarter in container shipping history in the final three months of 2020, but are expected to have significantly topped that record in the first quarter of this year. According to New York-based Blue Alpha Capital, fourth-quarter net earnings for the 11 carriers that report their financials came...
Saudi Arabian logistics company SAL has signed a cargo handling agreement with Emirates SkyCargo. SAL said that the agreement would... Read More The post Emirates SkyCargo selects SAL for Saudi Arabia cargo handling duties appeared first on Air Cargo News. ...
The main container ports in North Europe were eerily quiet at the weekend, due to the almost week-long blockage of the Suez Canal by the Ever Given. But now, an armada of late-running ULCVs is enroute from the Mediterranean, providing an intense challenge for vessel operators to turn ships around as quickly as...
REUTERS reports: The Philippine military is sending light fighter aircraft to fly over hundreds of Chinese vessels in disputed waters in the South China Sea, its defence minister said, as he repeated his demand the flotilla be withdrawn immediately. International concern is growing over what the Philippines has described as a “swarming and...
Pharma.Aero has signed a Memorandum of Understanding (MoU) with Humanitarian Logistics Association (HLA) to facilitate the movement of pharma goods... Read More The post Pharma.Aero partners with HLA on humanitarian initiatives appeared first on Air Cargo News. ...
