PRESS RELEASE Virgin Atlantic Limited and Neste Oyi are pleased to announce the UK supply of 2.5 million litres/2,000 metric tonnes of neat Sustainable Aviation Fuel (SAF), which will be delivered in the first half of 2022 to London Heathrow. The supply is an important step towards the airline’s target of 10%...
RELEASE FROM LUFTHANSA CARGO Our cargo network keeps growing – via dedicated narrow-bodied freighter flights. We are very excited to announce that we will soon be launching twice weekly narrow-bodied freighter flights with direct uplift from Manchester and Dublin to Frankfurt. Our new dedicated Airbus 321F operated by Lufthansa Cityline will be available...
Ocean carriers fear that fiscal policies designed to stem inflationary pressures in Europe will weaken consumer appetite for non-essential goods, and are preparing to react quickly to adjust capacity. Container spot rates from Asia to North Europe were flat this week, due to the Chinese New Year holiday, with Drewry’s WCI holding...
China United Lines (CULines) has applied to be listed on the Hong Kong Stock Exchange. The liner operator, which is majority owned by the Chinese state, did not provide any fund-raising target or timetable in its listing prospectus, but stated that it plans to use the proceeds to expand its fleet, acquire...
Shipping lines continue to rail against the introduction of new legislation in the US that is aimed at curbing some of the excesses that both importers and exporters have complained about over the past two years. A Senate version of the Ocean Shipping Reform Act is now under consideration in the US...
CNBC reports: U.S. stocks fell on Thursday as investors’ renewed optimism on big tech names, driven by a slew of strong earnings, took a turn down after Facebook-parent Meta Platforms reported disappointing quarterly results. Losses deepened by the afternoon, with the Nasdaq Composite falling 3.7% to 13,878.82 for its worst day since September...
Shareholders in Toyota had little room for cheer last month, as the world’s largest automaker expects to miss its production target of 9m vehicles for the year. The blame is laid mainly on a year-long shortage of semiconductors. The company will build 700,000 cars this month, up from a year ago, but 150,000...
PRESS RELEASE Dhaka, Bangladesh: A.P. Moller – Maersk (Maersk) is strengthening its operations in Bangladesh, where it has served the country’s exporters connect to the global market for almost three decades. Bangladesh has been one of the most important sourcing markets for the garments and apparel industry worldwide. The garment manufacturers exporting to...
PRESS RELEASE FRA/Hamburg – The DAKOSY software company has worked with Fraport AG to digitally network the FAIR@Link cargo community platform with the Click-2-drive automatic license plate detection system. The result: starting immediately, the barriers at Gates 21 and 32 of Frankfurt Airport’s CargoCity South will automatically open for vehicles that have...
The massive road freight congestion on the Vietnam-China border is causing major headaches for intra-Asia cargo flows, with planes, and now trains, helping pick up the slack. On Tuesday, Alibaba logistics unit Cainiao said it had launched a daily charter flight between Ho Chi Minh City and Nanning to “safeguard” the cross-border...
