Kazakhstan Railways (KTZ) recently signed a memorandum of cooperation with Xi'an Free Trade Port Construction and Operation (China) to create a joint intermodal cargo terminal on the Danube River in Budapest, which is part of a comprehensive network for multimodal transports in Europe. With a capacity...
Continuing rising demand has seen global air cargo experience a 9.4 per cent year-on-year growth. The Asia-North America route has hit 11 consecutive months of growth, rising by 7.6 per cent in September, and holding 25 per cent of the world's trade share. The Europe-Asia trade lane...
As industrial action takes hold, Canada's top three ports have been impacted with such significant levels of disruption that they are effectively no longer operating. The start of November has seen the start of an indefinite strike at the Port of Montreal's Viau and Maisonneuve terminals...
The combination of record September import levels, strike diversions and continued Red Sea disruptions has resulted in congestion and extended dwell times of up to an average of 9.25 days at Los Angeles and Long Beach, the highest since 14.2 days in October 2022. With only...
Government delegates from around the world at the International Maritime Organization (IMO) have progressed closer towards toward global greenhouse gas regulations aimed at cutting the carbon intensity of shipping by 40% by 2023. A draft legal text which is to serve as the basis for ongoing...
Southwest Florida seaport, SeaPort Manatee, is to be awarded $9.5 million to aid its recovery and repair efforts following the damage caused by Hurricane Milton. Initial damage assessments reflect potential losses of $225 million with the loss of on-site warehouses, docking facilities and widespread destruction...
US-based container lessor CAI International has announced a $1.35bn investment which will see 700,000 new containers hit the sea. This initiative is in response to an anticipated increase in demand due to the shortage which has resulted from the volatile conditions across the Red Sea and...
Qantas Freight has officially become the first freight airline to operate at Western Sydney International (Nancy-Bird Walton) Airport's (WSI) 24-hour Cargo Precinct. The precinct will increase Sydney's air cargo capacity by around 33 per cent upon opening and provide dedicated access to nearby freight and logistics centres, with...
The Maritime & Port Authority of Singapore (MPA) has announced that night movements of line-towed container barges will be allowed to and from the Pasir Panjang Terminal. This initiative aims to enhance connectivity with regional ports, as well as improve port efficiency, reduce the time...
Vessel bunching caused by Typhoon Bebinca has seen operations disrupted at Shanghai and Ningbo ports, potentially impacting vessel schedules at destination ports. The strongest typhoon to hit Shanghai since 1949, the ships that moved away in anticipation of the storm will return over the coming days,...