As the sun beats down on this week’s Farnborough Air Show in the UK, Boeing has, of course, come up with some big numbers. Apparently 41,000 new aircraft will be needed up to 2041 – an 80% increase in the global fleet from pre-pandemic levels, at a value of $7.2trn. But 75% of those will be narr...

Strict lockdowns led to a dramatic drop in China’s economic growth in Q2, to 0.4%, compared with 4.8% in the first three months of the year, marking the country’s slowest growth since the Covid crisis began in 2020. Furthermore, the risk of additional lockdowns, combined with high inventory leve...

Employers failed to get the third, and longest, warning strike stopped by the courts, but the courts did ban further industrial action until 26 August, for further rounds of negotiations between the Central Association of German Seaport Companies (ZDS) and the union, ver.di. “During this period, n...

According to exclusive data collected by Logistic-News from carrier/freight forwarder sources, the cost of shipping a 20ft container from Nhava Sheva/JNPT or Mundra to London Gateway is now $5,240, 13% less than $6,009 a month ago. For a 40ft box, rates are down to $5,940, from $7,141 – a decr...

Minister of state-owned enterprises Erick Thohir said last week 95% of containerised exports from Belawan, located in northern Sumatra, were transhipped in Singapore and Port Klang in Malaysia. Data from state-owned port operator Pelindo shows Belawan handled 550,871 teu last year, and Statistics In...

With the possibility of industrial action as early as today (18 July), he signed an executive order on Friday for a board of arbitrators to seek a solution to the railway contract dispute simmering since January 2020. During the 60 days given to the board to develop a compromise, no industrial actio...

The group has clinched a $1.2bn (NIS 4.1bn) deal to secure concession rights for Haifa port, Israel’s second-busiest gateway, in a joint bid with local partner Gadot Group. Haifa is a key intermediate hub in the Mediterranean region. “Through the winning bid, the Adani-Gadot consortium has secur...

Since the start of the pandemic, airfreight has seen a huge increase in prices – and a big increase in profits for forwarders who have used their market knowledge to stay one step ahead and exploit opportunities, according to a report out this week by Transport Intelligence. “The forwarders’ r...

AIS data shows the 17,300 teu ship is now docked at the China Merchants-operated Doraleh Terminal at 05:30 local time, after arriving under its own steam this morning local time. A CMA CGM statement delivered today, said: “On 3 July, APL Vanda reported that about 55 containers from a sin...

In its latest reefer market update, the forwarder said there had been “real progress” with shipping schedules and congestion, compared with 2020 and 2021, which were notoriously bad for the sector. DHL said: “We certainly believe cargo will be shipped faster on certain trade lanes, and definit...