Global bunker fuel costs could rise by up to USD60 billion annually from 2020, in a full compliance scenario, when the International Maritime Organization’s (IMO) 0.5% sulphur cap for bunker fuels kicks in.
China February factory growth beats expectations as global demand improves
China’s factory activity expanded faster than expected in February as domestic and export demand picked up, adding to signs that the global economy is regaining momentum even as fears grow of a surge in trade protectionism.
What happens next on NAFTA talks? U.S. Congress is still in the dark
What happens next for North American trade talks? It’s not just Canadians and Mexicans who’d like to know. So would members of the United States Congress, who actually have a legal role in trade talks. The American law allowing fast-track approval for trade deals sets out two necessary steps involving lawmakers: first, the president must […]
U.S.-NAFTA freight rises for third time in five months in December, reports BTS
United States trade with its North American Free Trade Agreement (NAFTA) partners Canada and Mexico rose 0.4 percent annually to $87.1 billion, according to data issued by the Department of Transportation’s Bureau of Transportation Statistics (BTS), which was released this week.
Lockheed rolls out first LM-100J Super Hercules commercial freighter
After a three-year wait, the LM-100J has finally arrived on the commercial market. Last week, Lockheed Martin rolled out the first of these propeller-driven, modified military aircraft, known as “Super Hercules Commercial Freighters.” Lockheed expects the freighter’s first flight to happen this spring.
Alphaliner: Maersk Too Optimistic on Market Recovery?
The container market has seen an inflection point in late 2016, with demand rising above supply during the fourth quarter, ushering in the start of a period of strengthening earnings for carriers, Danish boxship giant Maersk Line believes. As a result, Maersk Line predicts that carriers’ earnings could improve in 2017.
HMM Eyes Stake in Two More Hanjin Terminals
South Korean shipping company Hyundai Merchant Marine has signed a deal with Hanjin Shipping and Marine Terminals Investment Limited (MTIL) to acquire Hanjin Pacific Corporation’s terminals in Tokyo and Kaohsiung.
Chart of the Week looks back on 2016 freight load factors
IATA has produced its latest Chart of the Week (COTW), which focused on ‘asset utilization’ – namely, aircraft load factors.According to the COTW, despite a strong pick-up in the (seasonally adjusted) freight load factor during the second half of 2016 – due to stronger demand and only moderate cargo capacity growth – the annual average […]
Qatar B777 freighter welcomed to Americas
QATAR Airways Cargo has commenced new scheduled B777 freighter operations in the Americas. The twice-weekly services depart from Doha via Luxembourg, the cargo carrier’s European hub and stop at Såo Paulo in Brazil, Buenos Aires in Argentina and Quito in Ecuador, before arriving in Miami, Florida.
Detention and demurrage petition gains more support
Additional shippers and logistics companies have expressed support on a call for the Federal Maritime Commission (FMC) to provide guidelines on detention and demurrage charges. In December, a group of 25 shippers and logistics companies, called the Coalition for Fair Port Practices, asked the FMC to address fees imposed on shippers when they can’t pick-up […]