Four freighters will be re-routed between Friday 8 July and Sunday 10 July, ensuring Lufthansa can still operate its scheduled services. “The entire aviation industry, especially in Europe, is suffering from bottlenecks and staff shortages,” said a spokesperson. “This primarily affects airpor...

Ro-ro vessel PanStar Dream (pictured), which has 180 teu of container capacity, was idled as tourism ground to a halt during the first wave of Covid in 2020, and has been reactivated to join PanStar Genie 2 on the Busan-Osaka route. PanStar Enterprises, which operates the ro-pax service through PanS...

The first glimpse of how carriers performed in Q2 is provided by the operational results for OOCL: a surge in revenue but a decline in cargo carried, in spite of higher fuel costs. OOCL’s revenue surged 52.4% on the same period last year to a new high of $5.3bn, despite a 5.6% decline in lift...

This, of course, has not happened. But the question is, why? According to Stifel, writing for the Baltic Exchange, there are four possible explanations – or a mix thereof. First, it said June’s “fuel prices tapered steadily during the month, tempering increases on base rates”. IATA’s jet f...

The latest data, out today, shows volumes in June were down 8% year on year, while demand was down 7% compared with 2019. Capacity was up 6% over 2021 – but is still 11% down on 2019 levels, according to Clive Data Services, part of Xeneta. Overall, rates remain 129% higher than in 2019, but the m...

The agreement is for the Pacific trades from China to US and Mexican Pacific ports, with the Hong Kong carrier chartering space “as needed, as available”. According to Alphaliner, Transfar, a subsidiary of online retailer Alibaba, currently operates six ships on the Pacific trade, but only three...

Pegged back by sanctions against Russia, the rail network’s usual double-digit annual growth has come to a screeching halt. First-half volumes increased just 2.3%, to 720,000 teu, according to China State Railway, and by comparison, volumes grew 29% last year and 56% in 2020. Some forwarders point...

They will resort to finding unique selling points, which could see them turn to track and trace solutions. Recently, Hapag-Lloyd began to fit tracking and telemetry to its containers, stealing a march on its competitors and starting “a train that will not stop” among carriers, according to some ...

Last Thursday, SM Line purchased another 3.77m of HMM’s shares for KRW100bn ($76.6m), taking the Samra Midas (SM) group’s stake to 6.29%. Other SM companies, such as Korea Shipping Corporation, Korea Line Corporation (KLC) and STX Construction, as well as group chairman Woo Oh-hyun, acquired HMM...

The validation is expected to help the private carrier, caught up in heavy financial stress, to expand its cargo-handling reach, which had become a major revenue source for the industry during the pandemic. “The certifications will allow SpiceJet to not only transport mail and cargo on its own air...