According to David Aherne, MD of Melbourne-based forwarder Across The Ocean Shipping, carriers are scheduling blank sailings on China-Australia trade routes to reduce capacity. He told Logistic-News: “We are seeing Chinese supply chain markets softening significantly. The fall in demand has been co...

The Air Cargo Logistics Park, a C$36m (US$28.18m) complex that came on stream this month includes a cargo terminal with cold storage, advanced cargo processing facilities and an apron to accommodate five freighter aircraft. Marie Manning, the airport’s VP of business development and chief commerci...

Closure of the German waterway was announced late on Friday as water levels on the Kaub gauge hit 37cm – 41cm is necessary for operations, albeit at reduced loads, and many operators have been many running  barge services at 20% capacity. And over the weekend, water levels dropped to 32cm. Ba...

The carrier bid $53m-$55m for each ship. In the hope of finding a buyer or long-term charterer, CSBC announced it would build the ships last August, scheduling them for completion in Q3 23. The shipbuilder had suffered losses from 2017-2020 and was tapping into the strong demand for container shippi...

Less traffic at the ports is due in part to government constraints on the import of luxury items, following a severe fall in foreign currency reserves. Mohammed Abdullah Jahir, COO of Saif Maritime, said this had had an effect on imports by reducing the number of ships arriving. “The world is faci...

According to today’s reading of the Ningbo Containerized Freight Index (NCFI), all 21 of the routes it covers were trending in the red. In particular, the NCFI commentary noted, the North Europe and Mediterranean routes were “over-supplied” and demand for transpacific services was “in the do...

Deteriorating conditions may prompt some shippers to turn their back on air cargo, but dedicated freighter capacity is expected to remain a fixture. Clive’s numbers show a 9% drop in global airfreight volumes last month, from 12 months earlier, a decline in traffic matched by a 9% slump in demand....

Yesterday, Contargo confirmed the water level on the Kaub Gauge had fallen to 47cm – the lowest for four years – with forecasts suggesting it will keep falling next week and that the Rhine will close to barge traffic. Metro Shipping MD Grant Liddell told Logistic-News: “This is critical, as a h...

Cainiao has teamed with U-Speed, an e-commerce logistics platform, to operate the facility, 30 minutes from Israel’s main international airport, Ben Gurion, to tap into the growing trade between China and Israel. The facility is equipped with intelligent sorting equipment and Cainiao’s proprieta...

According to Chinese customs statistics, last month’s exports jumped 18% in US dollar terms, while imports grew 2.3% year on year. However, Julian Evans-Pritchard, senior China economist at Capital Ecomomics, said in a research note: “Exports held up well last month, thanks to a backlog of order...