56% of ports back to pre-pandemic levels
Several trends are outlined in the Covid-19 Port Economic Impact Barometer for H1/2020 published by the IAPH. The report, which was compiled by a dedicated Task Force operating under the World Ports Sustainability Programme (WPSP), summarises responses from 85 ports from around... more
CP and Maersk to build a hub in Vancouver
Canadian Pacific Railway and Maersk have reached an agreement to build and operate a transload and distribution facility in Vancouver to expand CP’s and Maersk Canada’s supply chain options for customers. The new project will be an expansion of CP’s existing Vancouver... more
More equipment for Caucedo terminal
The Caucedo terminal in the Dominican Republic, run by DP World, is enhancing its equipment. Twelve Ottawa T2 terminal tractors and two empty container handlers will be deployed there. The delivery is scheduled for Q1/2021. DP World Caucedo is a marine terminal and free zone... more
Scheduling more charters from Italy to the USA
From Sunday, 20 September 2020, Savino Del Bene, an Italian global logistics company focussed on traffic flows from Italy to the United States, is starting with charter flights from Rome to New York. "The goal of these charters is to assist with our customers' supply... more
Long Beach's outlook "cautiously optimistic"
Long Beach city council recently approved the USD 650 million yearly budget for the port. For the next fiscal year, the port plans to invest USD 379 million, or 58% of the total budget, in capital projects to construct and renovate port facilities. The budget for fiscal year... more
CBP identifies stowaways from Thailand
US Customs and Border Protection (CBP) agriculture specialists in Cincinnati were inspecting large bags of dried chili peppers imported from Thailand in April (the news was only made public last week), when they noticed something strange.The specialists took a closer look, and... more
Colombian businesses bloom again
Latam Cargo Group has increased its frequencies from Colombia to the USA in order to satisfy its clients’ needs in that market, going from 14 to 17 weekly freighter frequencies from Bogota to Miami. This destination is also reached through the five weekly frequencies... more
UPS adds two more members to board of directors
UPS has elected Eva Boratto, CFO and executive vice president of CVS Health and Wayne Hewett, former CEO of Klöckner Pentaplast Group and Arysta LifeScience Corporation, to the UPS board of directors, effective immediately. “UPS has a robust process in place to identify and... more
Iumi's marine market trends
The International Union of Marine Insurance (Iumi) recently presented its analysis of the latest marine insurance market trends for 2019. Marine underwriting premiums for 2019 were estimated to be USD 28.7 billion, which represents a 0.9% reduction from 2018. The global... more
Stengg and the power of the small aircraft
The Singapore-based MRO ST Engineering (Stengg) redelivered the world’s first A321 converted freighter to launch customer, Vallair. The first in its size category to offer containerised loading in both the main and lower decks (14 main-deck positions can handle up to 27... more