Port strike still on schedule, union says
Port strike still on schedule, union says Thousands of dockworkers to walk off the job Tuesday Tens of thousands of dockworkers at East and Gulf Coast ports reaffirmed plans to walk off the job when the current contract with port employers expires as of 12:01 a.m. on Tuesday. The International Longshoremen’s Association in a statement Sunday reaffirmed its plans to [...]
30/09/2024
Port strike still on schedule, union says
Port strike still on schedule, union says Thousands of dockworkers to walk off the job Tuesday Tens of thousands of dockworkers at East and Gulf Coast ports reaffirmed plans to walk off the job when the current contract with port employers expires as of 12:01 a.m. on Tuesday. The International Longshoremen’s Association in a statement Sunday reaffirmed its plans to [...]
30/09/2024
Lufthansa Cargo introduces environmental surcharge to meet SAF quotas
Lufthansa Cargo introduces environmental surcharge to meet SAF quotas EU mandate for sustainable aviation fuel begins in 2025 Lufthansa Cargo on Tuesday announced it will levy a surcharge on shipping customers to cover the cost of mandated purchases of sustainable aviation fuel, mirroring a decision in May by Lufthansa Airlines to add an SAF fee on passenger tickets. Other airlines [...]
30/09/2024
Typhoons causing billions in agricultural losses, disrupt global supply chains
Typhoons causing billions in agricultural losses, disrupt global supply chains. Extra active typhoon season in Asia stresses supply chains, ports around the world Weather experts say this year’s typhoon season has been the most disruptive. According to Everstream Analytics, the most disruptive storms this season and the areas most affected have been Gaemi (Taiwan and China), Ampil (Japan), Shanshan (Japan), [...]
30/09/2024
Malaysia’s fiscal deficit target of 3% by 2026 challenging but achievable, says MARC
Malaysia's fiscal deficit target of 3% by 2026 challenging but achievable, says MARC KUALA LUMPUR (Sept 23): Malaysia’s fiscal deficit target of 3% by 2026 “remains challenging but achievable”, according to Malaysian Rating Corporation Bhd (MARC). It said the country can improve its fiscal deficit by targeting an economic growth-interest rate differential metric (differential) of at least 0.9 while keeping [...]
23/09/2024
Middle East Special Report 2024 – Regional infrastructure, global reach.
Regional infrastructure, global reach. Port companies across the Middle East continue their investment in logistics and infrastructure to efficiently capture trade, and as local capacities are bolstered, overseas acquisitions are rapidly extending the reach and visibility of regional brands on the global stage. The proximity of the Middle East to major trade lanes has long been promoted as a strength [...]
23/09/2024
Maersk: Q4 container demand to remain strong
Maersk: Q4 container demand to remain strong Far East exports, North American and Latin American imports lead The world’s second-largest ocean freight carrier expects global demand for container shipping to remain strong into the fourth quarter on robust imports to North America and Latin America, as well as ongoing strong exports from the Far East. Maersk in a quarterly review [...]
23/09/2024
Sabah Tourism Board Partners with DHL Express to Join GoGreen Plus Programme
Sabah Tourism Board Partners with DHL Express to Join GoGreen Plus Programme The Sabah Tourism Board (STB), a state government agency under the Sabah Ministry of Tourism, Culture, and Environment, has announced its collaboration with DHL Express as the latest member of the GoGreen Plus programme. Through this partnership, STB aims to cut the carbon emissions of its international shipments [...]
15/09/2024
Winners and losers from next year’s great global liner reshuffle
Winners and losers from next year’s great global liner reshuffle As the dust settles on yesterday’s series of major liner announcements ahead of February’s alliance reshuffles, analysts suggest the winners from the slew of releases are the freight buyers. THE Alliance will become the Premier Alliance from next February, with Ocean Network Express (ONE), HMM and Yang Ming Marine Transportation as partners, [...]
15/09/2024
Red Sea crisis produces winners and losers in Asia as freight rates spike
Red Sea crisis produces winners and losers in Asia as freight rates spike (Sept 12): First-half earnings in Asia showed how the ripple effects of the Red Sea crisis will continue to be costly for companies that make goods for export, while those that transport their wares benefit from higher freight rates. Container ships avoiding the risk of being attacked [...]
15/09/2024
