AACA

MSC announces fuel surcharge adjustments Although bunker fuel prices have stayed steady at around $922.50 per tonne after breaking through the $1000-mark little over a week ago, the world’s biggest line by capacity has said it will be

Vietnam steps up to contain Chinese box dominance China’s iron grip on container manufacturing is on the verge of being prised loose by two Asian peers, one of them a neighbour of the Asian behemoth, and coming soonafter Maersk’s sweet deal last

Lines between a rock and hard place as oil price soars Conflict-related volatility in the oil market could force the hand of lines to keep freight rates in check for the sake of sustained shipments, it’s reported from London this morning. This comes as

Delays the norm as port congestion spreads Danish container line Maersk has issued an advisory stating that ongoing delays continue to impact sailings across the globe, with more than a week between departures from Asia in certain instances.

Oil could hit $130 a barrel as war in Ukraine rages on A global energy crisis, which could see prices surge at the fuel pumps, looms as the threat of growing military conflict in Ukraine rises after Russian troops and tanks crossed its borders yesterday.

Cargo to the rescue as Emirates posts first loss in 30 years As the Emirates Group announced its first year of loss in over 30 years due to a Covid-related drop in revenue, it was cargo that came to the rescue. The Group posted a loss of US$ 6.0 billion for

Carriers achieve unprecedented Q1 profits Following the unprecedented US$13.3bn operating profit achieved in Q2 last year by the world’s 11 largest shipping lines, Q1 this year has taken the industry to staggering new levels. While Q1 is

Vessels carry 150 000 boxes a year of mis- or undeclared dangerous With three crew members still recovering from their injuries, and mounting concerns over environmental damage caused by the fire aboard the X-Press Pearl, the TT Club has called for greater diligence

Japan considers alternatives to Suez Canal Japan is toying with the idea of sending vessels around South Africa as an alternative route for ocean freight because of the ongoing imbroglio between one of its ship owners, Shoei Kisen Kaisha, and

Hapag-Lloyd further expands fleet Responding to the sharp increase in demand, Hapag-Lloyd has ordered an additional 60 000 TEUs of standard containers from China. The first boxes will supplement those currently being produced and are

Vessels speed up as charter rates spike by 350% Ocean carriers are cracking the proverbial whip, forfeiting cost cutting through slow-steaming by instructing ship owners to speed up, VesselsValue has found. According to Olivia Watkins, who oversaw

38% freight rate increase buoys Hapag-Lloyd’s Q1 results Thanks to increased freight rates and lower bunker prices, Hapag-Lloyd has reported a solid start to the year – and expects more of the same for the second quarter. That’s the message from CEO Rolf

CMA CGM AIR CARGO expands network Two months after the launch of its first airfreight service, CMA CGM AIR CARGO will add regular connections between Liège (LGG) and Dubai (DWC) from May 19. The airline sees Dubai as an “ideal hub”

DP World Komatipoort handles first direct import from Maputo DP World has completed the first transit import via DP World Maputo port to DP World Komatipoort, South Africa in a move that CEO Christian Roeder believes brings the company a step closer to

Ghana-Burkina Faso rail line moves one step closer Construction of a 1000-km railway line connecting Ghana to Burkina Faso is expected to begin in January 2022 - with the procurement process for a private investment partner having entered its final

22 newbuilds ordered for CMA CGM’s expanding fleet News about capacity expansion in the ocean freight industry continues to filter through unabated with yet another announcement of a leading line expanding its vessel fleet to cater for expected

Africa economic activity to rise by 2.7% in 2021 News Africa economic activity to rise by 2.7% in 2021 By Collins Mwai Published : January 06, 2021 | Updated : January 06, 2021 Twitter Facebook Email Whatsapp linkedin More Share this article Twitter Facebook Email Whatsapp linkedin A view of Kigali Business District in 2020. The World Bank has pro...

One month to start trading under AfCFTA, where does Africa stand? News One month to start trading under AfCFTA, where does Africa stand? By James Karuhanga Published : December 04, 2020 | Updated : December 04, 2020 Twitter Facebook Email Whatsapp linkedin More Share this article Twitter Facebook Email Whatsapp linkedin Cross-border trucks from Tanzania to Rwanda....

Air cargo industry gears up for transport of Covid vaccine As progress on a coronavirus vaccine gains momentum, the International Air Transport Association (Iata) has released a set of guidelines to ensure that the air cargo industry is ready to support the

Airlines have 8.5 months of cash remaining - Iata The airline industry cannot slash costs sufficiently to neutralise severe cash burn to avoid bankruptcies and preserve jobs in 2021, according to analysis undertaken by the International Air

Shipping majors join blockchain platform | Freight News Shipping majors MSC Mediterranean Shipping Company (MSC) and CMA CGM today announced they are now integrated onto TradeLens (www.tradelens.com), a move they say will help ensure a more integrated, timely and consistent view of logistics data for their containerised freight around the world.

Global air cargo market edges towards sustainable recovery - report | Freight News A record ‘dynamic loadfactor’ and high air freight rates on the world’s premier trade lanes in September showed the global air cargo market edging towards a sustainable recovery at the start of the traditional peak season, according to a report by industry analysts CLIVE Data Services and TAC ...

Can Africa’s banks emerge stronger after Covid-19? - African Business Magazine Rising household debt, problems for SMEs and the growth of non-performing loans all pose problems for banks, but the pandemic also provides opportunities.

Risks to transporters and how to overcome them | Freight News Carriers take on plenty of risks. They are responsible for delivering the very shipments that keep their shipper customers in business. Any disruptions, including accidents, loss of cargo or financial woes, can create a supply chain disruption that damages reputations and decreases profits.

Shocking statistics reveal job-loss bloodbath in African aviation industry | Freight News The International Air Transport Association (Iata) has warned that the damage being done to the African aviation industry and economies by the shutdown of air traffic owing to the Covid-19 pandemic has deepened. According to new data published by the Air Transport Action Group of which Iata is a mem...

Dark days for air traffic growth get darker | Freight News The International Air Transport Association (Iata) has downgraded its traffic forecast for 2020 to reflect a weaker-than-expected recovery due to the dismal end to the summer travel season in the northern hemisphere.

Ghana’s government urged to act against piracy in Gulf of Guinea | Freight News A strong call has gone out to the government of Ghana to upscale its security and security intelligence apparatus to meet the challenges of increasing piracy in the country’s territorial waters head on.