Business
The Panama Canal began its Fiscal Year 2022 (FY22) at the start of October, marking the end to a year of record-breaking traffic at the waterway and global supply chain disruptions worldwide.The Panama Canal saw record tonnage in 2021 fiscal year (FY21). Between October 2020 and September 2021, 516.7 million Panama Canal tons (PC/UMS) passed through the waterway, carried mainly by containerships (184.3 million PC/UMS tons), as demand for consumer ...
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Air Canada Cargo i reported record-breaking results for the third quarter of 2021.As the markets continue to show robustness, Air Canada Cargo remains committed to maintaining consistent cargo capacity to its customers on key trade lanes. Air Canada Cargo’s third quarter results of $366 million ...
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Overall cargo tonnage at Port Saint John in the first three quarters of 2021 is 19% higher than over the same period in 2020. The first three quarters of 2020 saw 18.6 million tonnes of cargo, with 2021 experiencing 22.2 million tonnes by the end ...
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The CMA CGM Group has signed an agreement to acquire 90% stake in the Fenix Marine Services (FMS) terminal in Los Angeles, currently held by EQT Infrastructure III, based on an enterprise value of USD 2.3 billion. Currently holding a 10% stake in the ...
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In an effort to strengthen its global air freight position, A.P. Moller – Maersk recently announced the intended acquisition of Senator International, a well-renowned global freight forwarding company with a strong air freight offering.
Furthermore, to expand its own controlled air network, Maersk is adding aircraft ...
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In a major step towards digitalization and improving quality in worldwide cargo handling, Lufthansa Cargo is partnering with IBS Software to digitalize critical handling processes for special products and services like dangerous goods, pharmaceuticals and fresh produce. The deployment represents significant progress for Lufthansa Cargo’s ...
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The Long Beach Board of Harbor Commissioners approved an agreement with ABL Space Systems to build a spacecraft processing facility at the Port of Long Beach and use waterfront area for the delivery and shipping of its cargo.
Founded in 2017, El Segundo-based ABL Space Systems ...
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Specialist heavy lift project carrier, AAL Shipping (AAL) has acquired two heavy lift 'mega-size' 33,000dwt W-Class multipurpose vessels (MPVs) from the second-hand market, the 'AAL Mars' and the 'AAL Merkur'. The vessels have been serving within the Carrier's operating fleet worldwide on a commercial management ...
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Hongyuan Group, a corporation providing global trade, supply chain finance, logistics real estate and freight services, has entered into a five-year unit load device (ULD) supply and management partnership with Unilode Aviation Solutions, the market leader in outsourced ULD management and repair services.
Hongyuan Group operates ...
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CEVA Logistics became the world’s first company to receive IATA’s new CEIV Lithium Battery certification at the International Air Transport Association’s (IATA) annual World Cargo Symposium (WCS) in Dublin, Ireland, in mid-October.CEVA had teamed with IATA to support the development of the new certification program.The ...
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