Air Freight News
Hedge funds’ ultra-bearish oil bets signal US recession angst
Money managers that trade derivatives linked to oil and fuel prices are about as bearish as they’ve been in more than a decade, suggesting they’re…
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Port of Los Angeles’ Seroka says 2023 “Has been a challenging year”
The Port of Los Angeles reported cargo volumes declined during first three months of 2023 compared to 2022.
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ILA Local 1408 Scholarship Fund raises nearly $60,000 for local students during 28th annual golf tournament
Fund says residual economic effects of the pandemic have prompted triple the amount of scholarship applicants compared to previous years
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Galveston Cruise Terminal getting $53 million makeover for Carnival Jubilee arrival
The Galveston Wharves is investing $53 million in a major expansion at Cruise Terminal 25 to accommodate Carnival Cruise Line’s Carnival Jubilee, a new cruise…
Burns & McDonnell awarded design contract by Port Muskogee
This project will provide updated waterfront infrastructure, addressing damage previously sustained by the port during a 2019 flood.
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Heavy turbocharger for biggest project in Argentina
The entire shipment was transferred from Bahia Blanca to Salliqueló by special overland transport.
First Russian airline lands in Georgia after Putin lifts ban
Georgia received the first commercial airliner from Russia in four years after President Vladimir Putin ordered the restoration of direct flights with the aspiring European…
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MOL and Mitsubishi Gas Chemical sign agreement on long-term charter for newbuilding dual-fuel methanol carrier
Mitsui O.S.K. Lines, Ltd. (MOL) announced the signing of basic agreement with Mitsubishi Gas Chemical Company, Inc. on 28th April, 2023 for the long-term charter…
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WorldACD Weekly Air Cargo Trends (week 19)
Demand partly bounces back after early May seasonal dip
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Five shipping and intermodal leaders inducted into 29th International Maritime Hall of Fame in NYC
Maritime Association of the Port of NY/NJ sponsors gala