Commissioner Rebecca Dye writes: “The commission lacks the regulatory tools to deal with the numerous new charges imposed on US shippers and truckers by ocean carriers and marine terminals through tariffs and with other supply chain dislocations.” According to the FF29 report, competition betwee...

The SPAC, Gesher 1 Acquisition Corp, was listed on Nasdaq in October. In addition to the merger with Gesher, which allows Freightos to list without going through the book-building stage, the combined entity has raised some $80m in capital commitments, with an additional $10m from Qatar Airways, $60m...

This week KOBC launched a special support programme. KOBC president Kim Yang-soo said: “Our efforts at broadening the scope of support are paying off. “HMM’s finances turned to black in 2020. So we are diversifying our business to strengthen support for small and medium-sized shipping companie...

Huge stacks of empty containers and hundreds of frustrated export boxes have built up at the major North European hubs as carriers blanked a third of their advertised sailings during the recent two-month Shanghai lockdowns. Moreover, the ports have used much of their off-dock overflow capacity for t...

Mr Harrison,  previously head of the terminal operator’s Belgium business, acknowledged that two-to-three-day waits had been normal along the inland waterways servicing Antwerp and Rotterdam. He told Logistic-News: “What we’re trying to offer to combat this is synchromodality, where we don...

British Ports Association (BPA) CEO Richard Ballantyne said leaving these “white elephant” facilities vacant was wasting ports’ money and impeding their ability to recoup the costs involved in building infrastructure for SPS controls that were abandoned last month. “The BPA is not only argui...

Hapag-Lloyd CFO Mark Frese said this month he expected a “strong reduction” in spot rates in the third quarter, with, in some instances, short-term rates falling back below contract rates. “Although there are regional differences, the trend is the same; we are seeing a softening of spot rates ...

But while the passenger business is in disarray, investment is going into cargo. Brussels Airport announced this week a €70m ($75m) investment in modernising its cargo zone, with work beginning this week on several buildings to meet demand for storage and handling space. “Accelerating the develo...

Last week, Colombia-based Avianca announced it would be adding between two and four converted A330 freighters to its fleet over the next two years, beginning towards the end of this year. If the carrier opts for four conversions, its maindeck capacity would rise by 70%. Currently it operates four A3...

Flush with cash after record $16.76bn profits in FY2021, the Japanese shipping giant has contracted Hyundai Heavy Industries (HHI) and Nihon Shipyard to construct five vessels each, with delivery due in 2025. Hedging its bets, in terms of which e-fuel reaches critical mass first, ONE is maintaining ...