Initially considered a temporary measure, some forwarders believe the shift from relying on fixed-price block space agreements with airlines to full charter operations has become permanent.
Kalmar's Shanghai factory delivers its 1,000th reachstacker to Wing Wah Container Depot Co., Ltd., Hong Kong
30 Dec 2021
An update to new COVID-19 quarantine rules in Hong Kong has prompted Cathay Pacific to halted long-haul freight flights, potentially exacerbating a supply crunch ahead of the Lunar New Year peak.
29 Dec 2021
Toughening Hong Kong’s quarantine requirement for air cargo pilots would severely disrupt airfreight operations during peak air cargo season and ahead of China’s Lunar New Year holiday.
22 Dec 2021
Maersk will significantly expand its Asia Pacific contract logistics and e-commerce footprint in Asia Pacific with its latest multi-billion-dollar acquisition.
02 Sep 2021
Carriers keep building their fast-growing orderbooks, with OOCL adding another 10 vessels to the already significant capacity the Cosco Shipping subsidiary has on order.
20 Aug 2021
Disruption across major ocean trade lanes has tightened capacity at a time of soaring demand, pushing container rates to historically high levels and generating extreme profits for carriers.
26 Jul 2021
Strong demand from the US and Europe in the first half of the year pushed up volume at Hutchison’s South China container terminals despite its largest facility being hit by a COVID-19 outbreak.
17 May 2021
A new funding round for Zencargo is a further signal that the digital forwarding model has legs in a market where turning to a logistics provider to incorporating data in planning decisions has become the norm.
16 Apr 2021
The removal of quarantine rules for fully vaccinated Hong Kong-based air freight crew is a relief for airlines like Cathay Pacific, which estimates the operational constraints caused by the regulation has added more than $100 million to its monthly costs in Q1.
30 Mar 2021
Cosco joins other carriers in posting strong profit figures for 2020 due to the rebound in rates and volumes in the second half of last year.
26 Mar 2021
OOCL has continued to invest in new ships and services, placing an order last year for 12 23,000-TEU vessels for delivery during 2023-2024.
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