Drewry: prices and lead rates better than expected 
The coronavirus outbreak will lead to a contraction in the shipping container fleet and keep prices and lease rates under pressure in 2020 - although better than in 2019, says London (UK)-based maritime intelligence provider Drewry. Its latest published container equipment... more
International interest in Australia's export support
Six global freight forwarders and nine air cargo carriers have been selected to participate in Australia's International Freight Assistance Mechanism (IFAM) to re-establish global supply chains. In the first three weeks of its operation, over 560 businesses have registered their... more
7.5% less global capacity in container shipping
According to data compiled by the Copenhagen-based maritime intelligence company Eesea, the global capacity in container shipping for 2020 has already been cut by 7.5% at this point in time. Shipping capacity was down by 9% in April. So far, a total of 302 out of 2,693 sailings... more
New businesses in Addis Ababa and Kuala Lumpur
After months of negotiation, Maskargo welcomed its new business partner Ethiopian Airlines at Kuala Lumpur airport earlier this month. The weekly B777F service offers an 80 t payload on the route Brussels-Dubai-Kuala Lumpur-Brussels. Due to the Covid-19 situation, the launch was... more
United Cargo upgrades humanitarian efforts
Since beginning using Boeing 777 and 787 aircraft from United's passenger fleet for operating cargo-only flights, the carrier has operated 400+ flights carrying more than 6,000 t of cargo. United Cargo president Jan Krems: "We're proud to play an active role in... more
Up and running: DP World's digital platform
Dubai-headquartered DP World has launched several online tools, covering its sea, land and air shipping services on a global scale. The connected system of platforms enables freight forwarders and shippers to book shipments of cargo from and to destinations worldwide, by any... more
DHL launches "UbuntuConnect" service via Dubai
DHL Global Forwarding has launched a dedicated 100 t weekly airfreight service for organizations and governments shipping goods from China to Africa and the Middle East. Named after the Nguni Bantu word, ubuntu (humanity) used across Africa to refer to the universal bond of... more
Alliances weathering the storm differently
Deep-sea carriers have currently blanked 435 sailings. The Copenhagen-headquartered maritime consultancy Sea-Intelligence said in a recent bulletin that these cancelations stand for a decline in demand of 7 million t in 2020. The blanking measure, however, protects the... more
Passing on oil price reductions
The freight forwarding associations Fiata and Clecat have called on the liner industry to relieve the burden imposed by Covid-19. With regards to the sudden decline of the price of very low-sulphur fuel oil (VLSFO), just after the steady rise in costs last year caused by the... more
Emirates witnesses inbound e-commerce boom
"Emirates Delivers", the e-commerce delivery platform launched by the freight division of Emirates some six months ago, has witnessed a month on month jump of 20% in shipments delivered in March and April 2020. Targeted at individual shoppers and small businesses... more