There has been a decisive eastward shift in world aviation, says Airports Council International (ACI) in the latest edition of its Emerging Aviation Market Index, which tracks 19 high growth emerging markets that have a significant critical mass of passenger and air cargo throughput, showed that countries such as India, Indonesia and Vietnam have achieved […]

August’s double-digit airfreight volume growth at Singapore Changi Airport is yet another indicator of good news for the airfreight industry, where results, so far, for the month have reflected growing demand for air cargo. Airfreight throughput at the airport rose 10.7 percent, year-over-year, in August to 180,590 tonnes.

Beneficial cargo owners (BCOs) face tougher service contract negotiations on east-west trade lanes that are “diametrically opposed” to the relative ease they have enjoyed the last two years. Philip Damas, operational head of Drewry Supply Chain Advisors, said the new environment holds fewer carrier options, tighter space availability, possibly less frequent sailings, and, ultimately, higher […]

European airlines saw record levels of cargo demand in August, with Europe’s largest cargo carrier, Lufthansa, and Finnair seeing the biggest increases in freight traffic, according to Air Cargo News. Lufthansa saw cargo capacity increase 2.3 percent due to the airline’s load factor increasing to 66.4 percent, up from 61.9 percent last year. The airline’s […]

Even as yet another major cyclone – the Category 5-level Hurricane Maria – plows through the Caribbean region today, cargo groups and nonprofits are scrambling to provide food, medicine and other relief supplies to help the islands recover from the last major storm, Hurricane Irma. Disaster relief charities Airlink, LIFT, Patient Airlift Services (PALS) and […]

The poor handling of Hanjin Shipping’s downfall left many shippers scrambling for alternative carriers when the industry was also being disrupted by new alliances and consortia.

The spike in freight rates for product tankers in the aftermath of the Hurricane Harvey is expected to be short-lived. Product tankers saw a 35-40 percent lift in spot rates since the hurricane made landfall on Texas on August 25, shutting down refineries. The tanker industry is taking advantage from the initial uncertainty caused by […]