Air cargo movement to Dubai, a major global trade hub, faces major disruption as the local terminal operator suspends its operation for 48 hours. The embargo, which is meant to clear up previous buildups, will start from Monday midnight, said Dnata, one of the world’s largest air service providers offering ground handling. The […]
Red Sea Crisis: Volume surge halts air cargo to Dubai Read More »
Lufthansa Cargo gradually resumes flight operations in Frankfurt and Munich after the end of the Verdi strike on Thursday morning, the German airline announced on its social media platforms including X, formerly known as twitter. The airline however, added that due to the massive impact of the strike on our flight operations, there may still
Lufthansa Cargo gradually resumes operations Read More »
Ground staff at Lufthansa Cargo are set to go on strike, leading to significant disruptions to flights tomorrow Wednesday Feb 07 until next Thursday at 7:10 am. The German airline issued a warning to its customers, saying it will operate just 10% to 20% of about 1,000 scheduled flights. The strike by baggage handlers,
Lufthansa Cargo ground crew go on strike Read More »
https://youtu.be/F1AgQENGoTQ Drewry releases its Container Shipping Financial Health Check for 2024, anticipating that oversupply will decrease freight rates below breakeven, despite the current disruptions in supply chain including the Red Sea crisis. Moving into 2024, we expect overcapacity to be still a dominant force despite the recent rise in freight rates due to the
Drewry: Freight rates to go below breakeven Read More »
According to the latest weekly market analysis by Xeneta, the early lunar year and the Red Sea crisis pushed the global air cargo volumes up by a surprise 10%. “We saw a relatively strong January from a volume perspective, said Niall van de Wouw, Xeneta’s Chief Airfreight Officer. Demand for air cargo is traditionally lower
Air cargo volumes rise 10% in Jan. Read More »
An Analysis by Xeneta reveals that the impacts of the Red Sea crisis have led to ocean rate surge even faster than during the early days of Covid 19 pandemic. The rates of ocean freight on key trades from the Far East to Europe surged more than 200% in the first 52 days of
Red Sea conflict: Ocean rates “rise faster” than Covid 19 era Read More »
According to a report by ShippingWatch, undisclosed sources have confirmed that Houthis have reached an agreement with the shipping lines to refrain from attacking certain carriers’ ships. Read more
Media reports: Houthis reach agreement with carriers Read More »
China’s eco-friendly “OOCL Valencia” which is completed in 2024 and has a capacity of 24188 TEUs set sail from Nantong in the Jiangsu Province on Tuesday, Jan. 09. The construction of such a mega vessel is considered a landmark achievement for China’s shipping industry. China also owns five of the world’s ten biggest shipyards!
World’s largest container ship on sea trial Read More »
Market observers expect the airfreight rates to take off from next week as more and more shippers are switching to air due to delays and increased ocean transit times caused by the volatile situation in the Red Sea.This as the Red Sea crisis is expected to continue to get worse ahead of Chinese New Year.The
Air freight rates to surge from mid-January Read More »
The incident is expected to further increase ocean freight rates for cargo passing through the volatile region.It will also lead to more shippers opting for airfreight ahead of the Chinese New Year.Stay informed on the latest developments in the shipping industry. Read more
Reports: Anti-ship ballistic missile hits US container ship in Gulf of Aden, Yemen Read More »
