Iran oil snapped up by Chinese private refiners as market shifts
Private refiners in China, the largest crude importer, are snapping up more Iranian oil as competition for supplies from Russia rises.
March air cargo decline the ‘least-worst’ for 6 months, and revenues still high in historical terms
Preliminary WorldACD figures for March indicate demand and pricing may be stabilizing, with rates holding firm and year-on-year tonnages down just -8%, compared with -13%…
WTO sees subpar global trade growth as war, rate hikes slow economies
Global merchandise trade will slump well below historical growth trends this year, held down by geopolitical tensions and economic pressures including inflation, Russia’s war, monetary…
‘More common ground’ in stabilizing air cargo market, as volume decline slows in March
Longer-term contracts between shippers and freight forwarders may signal ‘more common ground’ in a stabilizing global air cargo market which saw demand dip at a…
US-Japan alliance to do ‘great harm’ to China’s chip ambitions
Japan’s decision to join the US and Netherlands in restricting exports of chipmaking gear to China is giving the allies powerful new weapons to deploy…
US and Europe wrangle over green subsidies to avoid a trade war
As European Commission President Ursula von der Leyen sat in the Oval Office last month she gushed before the cameras about the US Inflation Reduction…
Air France-KLM and CMA CGM officially launch their long-term strategic air cargo partnership
• A commercial joint-venture that combines both groups’ complementary air cargo offerings with extended freighter capacity, a broader network of destinations and tailormade solutions. •…
MSC GFS - scope: Asia to USA for May 1st
Effective May 1st, 2023, MSC Mediterranean Shipping Company has filed and will implement the below GFS (Global Fuel Surcharge) with the following quantum and effective…
FTR reports preliminary North American Class 8 net orders for March met expectations at 19,000 units
Preliminary North American Class 8 net orders fell in March for the fifth time in the last six months, coming in at 19,000 units for…
Konecranes to supply 4 cranes to Siemens Gamesa offshore wind power plant in Taiwan
Customized overhead cranes will play a critical role in the tripling in size of the offshore wind power nacelle facility, the largest of its kind…
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