NEWS
09/06
2022
CMA CGM has spent some $753.3m in prepayments on its aircraft orderbook, up from $723.2m at the end of 2021, following its recent order for two 777 freighters, set to deliver in 2024. Meanwhile, the first of its previous order for two 777Fs joined the fleet on 31 May, with the second “in the process of being delivered”.
09/06
2022
The Danish maritime data analysis company, Sea-Intelligence has measured schedule reliability from the perspective of the cargo being moved.
08/06
2022
As Shanghai springs back to life after two months of lockdown, congestion at the port is almost back to normal, according to the latest data from VesselsValue.
06/06
2022
Bulk carriers are maritime vessels designed to carry loose bulk cargo like grains, cereals, coal, ores, iron, steel, cement etc. Today bulkers comprise 21 per cent of the global shipping fleet and most of them are registered in Panama. A leading builder of bulk carriers is South Korea whose shipyards have produced 80 per cent of the Very Large Ore Carriers.
31/05
2022
Currently, the container capacity of 5 of the world’s major players in container transport is estimated at 16.4 million TEUs (Twenty Equivalent Units). More than 90% of global cargo is transported by multimodal containers.
30/05
2022
Operations in Shanghai port are getting back to normal as the city’s lockdown eases. CMA CGM said in its latest customer advisory that pressure on Shanghai yard resources is easing, while the waiting time for ships in the Waigaoqiao port area has shortened as more port employees resume work.
28/05
2022
Venezuela lies on the northern coastline of the South American continent, bordering the Atlantic Ocean and the Caribbean Sea. Its maritime sector is characterised by small and medium-sized ports exporting mainly petroleum and crude oil since the country is known to possess the largest oil reserves in the world.
27/05
2022
Global trade figures stood at USD 22 trillion in 2021. The slight lull in the pandemic situation since mid-2021 is seen as the major factor in this jump of 3 trillion, from the previous figure of USD 17 trillion in 2020. Along with global trade, the logistics industry and its ancillaries stand to benefit from this increase in business.