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New air freight security rules begin tomorrow Jul 01,2021
Air freight stakeholders are bracing for possible disruptions as new global air freight security rules come into force tomorrow requiring that 100% of international air cargo transported on freighter aircraft is treated and screened to the same security standards as those required for cargo carried on p... [learn more]
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Carriers’ response to Yantian crisis avoided ‘bigger problems’ Jul 01,2021
A swift response by carriers to the ongoing congestion issues at Yantian port has contained the impact, according to a leading liner shipping consultancy.The partial closure of the major Chinese export hub for a month has added pressure to the already stretched global supply chain.While port operations resu... [learn more]
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Yantian ‘resumes full operations’ Jun 25,2021
China’s key southern container port of Yantian is expected to return to full operations today following several weeks of partial closure – although it will take weeks or even months to clear backlogs of cargo, freight sources warn, especially as peak season approaches.Following almost a mo... [learn more]
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Deal reached on release of Ever Given Jun 25,2021
The insurer of Ever Given said an agreement in principle has been reached to release the ship from the Suez Canal.The UK P&I Club said the deal followed extensive discussions with the Suez Canal Authority’s negotiating committee in recent weeks.“Together with the owner and the sh... [learn more]
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David Shepherd returns to IAG Cargo as MD Jun 25,2021
David Shepherd is returning to IAG Cargo as managing director following various other roles within the International Airlines Group.Shepherd, who is joining from IAG carrier Aer Lingus, is well known in the industry having previously held a variety of leadership roles at the cargo division of IAG including th... [learn more]
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Whose fault is the current ocean freight market crisis? Jun 25,2021
The current market environment in ocean freight is incredibly taxing for shippers. Freight prices are at all-time highs, levels that jeopardize the very viability of lower margin businesses. Emotions are running high throughout the industry. And when there are problems, people often look for a villain to bl... [learn more]