Smile returns as SIA posts record freight business 
During FY 2021-2022, the Singapore Airlines (SIA) Group cut net losses by 78% to SGD 962 million (USD 694 million), posting second half operating profit of SGD 10 million "as travel demand returns", as the Southeast Asian carrier says. Its lifeline, however, was... more
Good figures push Toll's turnaround
The Toll Group, an Australian-based subsidiary of Japan Post, has reported its results for its financial year 2022 which ended on 31 March 2022. Revenues amounted to USD 7.6 billion, while ebit remained at a modest USD 341 million. The Toll Group, which sold its loss-making... more
The return of the idle fleet?
According to the Swedish maritime platform provider Xeneta, carriers are starting to "balance demand and capacity to protect rates." A capacity reduction of 517,300 teu - or 25% of the initial capacity offering - was witnessed on the Far East to US West Coast corridor... more
CBP officers confiscate live contraband
CBP Agriculture Specialists found something unusual while examining an air mail shipment declared as "earphones" arriving from Malaysia. When they opened the box, they discovered 26 vials containing live centipedes concealed in earphone cases. The CBP officers had... more
WCI on a stable high
Drewry's World Container Index moved sidewards (-0.1%) this week, maintaining the level of USD 7,648.18 per feu. A comparison with the same period in 2021 shows the difference. The WCI is 24.7% higher than the same week in 2021. In detail, freight rates on Los Angeles –... more
13 million boxes too much?
The transport time is the secret. The Copenhagen-based maritime consultancy Sea-Intelligence recently analysed the data provided by Hapag-Lloyd, looking at the development in both the size of the equipment fleet as well as the number of transported containers over the past... more
New technology for wine transport
Four musketeers to promote a new technology: Innolux Japan, Enji Corporation, Cold Storage Japan and NGK Insulators have jointly started the development of a temperature and humidity control service using sensor tags to visualise the environment while transporting and storing... more
Maastricht at Flexport’s crossroads
The San Francisco-based forwarder Flexport has teamed up the US capacity provider Jet One X to offer Boeing B747F flights from Hong Kong to Maastricht, as well as from the same Dutch airport to Ho Chi Minh City (Vietnam). The technology platform and digital forwarder Flexport... more