• Ports brace for 1.9m TEU post-Suez spike Apr 16,2021

  Logistics visibility specialist project44 has highlighted that container ships faced cumulative delays of more than 1,000 days following the Suez Canal incident late last month and that there is now more than 1.9 million TEU of capacity making their way to ports – “threatening to swamp por... [learn more]

• MSC closes in on Maersk as largest operator of containership tonnage Apr 16,2021

  Mediterranean Shipping Co is on track to overtake 2M alliance partner Maersk as the world’s largest container line by capacity deployed if it continues with its aggressive acquisition policy.MSC operates a fleet of 587 boxships comprising 3.9m teu, while Maersk’s 711 ships have an aggregat... [learn more]

• XPO: Customers recovering faster than expected Apr 16,2021

  XPO Logistics CEO Brad Jacobs says he expects a strong recovery to continue this year and next year for the freight company and its customers, with most recovering faster than expected. In a letter to stockholders this week, Jacobs said that “after a painful 12 months for pretty much everyone, 202... [learn more]

• UPS unveils plans to buy electric vertical-takeoff aircraft Apr 16,2021

  UPS and its UPS Flight Forward subsidiary has unveiled plans to buy electric Vertical Takeoff and Landing (eVTOL) aircraft from Beta Technologies (BETA) capable of carrying cargo payloads of up to 600kg, to augment its air service for select small and mid-size markets.The first ten BETA aircraft are schedul... [learn more]

• ‘Ever Given’ vessel owner declares ‘general average’ Apr 07,2021

  Cargo owners and their representatives with containers on the Evergreen container ship Ever Given are preparing for a potentially complicated process to get freight released after the vessel’s owner declared ‘general average’ on the ship, with owners of uninsured cargo having to ... [learn more]

• Suez blockage puts forwarder-carrier relations ‘on the edge’ Apr 07,2021

  The recent blockage of the Suez Canal has again focused the attention on the risks associated with ultra large container vessels (ULCVs) and whether these mega-ships have become too big to sail, according to European freight forwarder representative body CLECAT.In an article last Friday, CLECAT director gener... [learn more]