Archive for May 2019

OCEAN FREIGHT UPDATES APL bows out from Asia-Europe tradelane splash247.com After more than 30 years a famous name is bowing out on the Asia-Europe boxship tradelane. France’s CMA CGM yesterday announced a significant restructuring of the group. Among key changes, […]

AIR FREIGHT UPDATES Lufthansa Cargo cuts summer services aircargonews.net Lufthansa Cargo is reducing its services “across the entire flight program” in response to weaker demand in the global air cargo market. The cuts will affect the second and third quarters […]

AIR FREIGHT UPDATES Boeing’s parking bill mounts as 737 Max remains grounded worldwide seanews.com.tr WHILE regulators contemplate whether Boeing’s 737 Max can safely return to the skies, workers in a California airplane-storage yard have sealed 34 Southwest Airlines jets against […]

AIR FREIGHT UPDATES IATA: airline profits fall further aircargonews.net The March/April Airlines Financial Monitor from IATA notes “a further fall in aggregate profits for the airline industry” for the first quarter of 2019, in comparison with the same three months […]

AIR FREIGHT UPDATES IATA: airline profits fall further aircargonews.net The March/April Airlines Financial Monitor from IATA notes “a further fall in aggregate profits for the airline industry” for the first quarter of 2019, in comparison with the same three months […]

OCEAN FREIGHT UPDATES Update – Proposed Strike in JNPT Terminal on 24-05-2019 (Postponed) cma-cgm.com With regards to the advisory sent on May 16, 2019 we would like to update about Proposed strike which was supposed to be held on 24th […]

AIR FREIGHT UPDATES Rival carriers eye key routes as India’s Jet Airways is declared bankrupt theloadstar.com A Dutch court has declared Jet Airways bankrupt as rival carriers pick over the bones of the routes left behind. Read more here. OCEAN […]

AIR FREIGHT UPDATES Air Canada Enters Talks To Buy Tour Operator Transat news.airwise.com Air Canada said it has entered exclusive talks to acquire Canadian tour company Transat in a deal valued at CAD$520 million (USD$386 million). Read more here.  OCEAN […]

OCEAN FREIGHT UPDATES As China-US trade spat heats up, transpacific container trades will suffer theloadstar.com A new level of US tariffs on Chinese exports could lead to an 8% drop in eastbound transpacific container volumes this year, according to new […]

OCEAN FREIGHT Five Ocean Carriers Join Digital Container Shipping Association maritime-executive.com Five ocean carriers have joined the Digital Container Shipping Association (DCSA) as members: CMA CGM, Evergreen Line, Hyundai Merchant Marine, Yang Ming Marine Transport Corporation and ZIM Integrated Shipping […]