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Air freight growth of 3.7% forecast for 2019

Average global yield increase set to drop to around 2% next year, well below the ‘exceptional’ 10% average price increase in 2018, IATA predicts. Global air freight is expected to grow ...

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Volga-Dnepr becomes strategic partner of Cainiao

Alibaba logistics subsidiary signs MoU with Russian group to ‘beef up’ the air freight capability of its ‘global smart logistics network’. Volga-Dnepr Group has signed a memorandum ...

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Welsh logistics boost as Severn bridge tolls axed from today

Removal of fees follows years of pressure from FTA and is expected to deliver £1bn of economic benefit over the next decade. The axing of the tolls at the Severn crossings between Englan...

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East-West ocean freight contract rates down 7% in Q4

Moderate fall in Asia-Europe prices drove this decline, Drewry notes, while some secondary and north-south routes face double-digit increases when 2019 contracts are signed in the next few weeks. <...

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ECSA supports the updated ship recycling list

On 30th November 2018, the European Commission adopted a new Decision amending Implementing Decision (EU) 2016/2323 to update the European...

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Newcastle Container Terminal to boost the state economy

A world-class container terminal at Port of Newcastle would create 4,600 jobs, boost the state economy by $6 billion and slash the transport costs for regional exporters, according to a new report...

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India’s major ports witness rise in cargo traffic

India’s 12 major ports witnessed a 4.83 per cent rise in cargo traffic at 461.21 million tonnes (MT) during April-November of the current fiscal, the government said Monday...

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Port of Baltimore a Step Closer to Hosting Larger Ships

Port of Baltimore is to receive the funding to deepen the second container berth to 50 feet in order to be able to accommodate larger vessels.
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