March 2022 freight transportation services index (TSI)
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 0.7% in March from…
US Department of Commerce and Malaysian Ministry of International Trade and Industry sign MOC to strengthen semiconductor supply chain resiliency
Yesterday, Secretary Raimondo and Malaysia’s Senior Minister for International Trade and Industry, Mohamed Azmin Ali met and signed the U.S.-Malaysia Memorandum of Cooperation (MOC) on…
Cathay cash burn improves as Hong Kong starts easing Covid curbs
Cathay Pacific Airways Ltd. expects cash burn to drop to less than HK$500 million ($64 million) a month within “the next few months” as Hong…
Sale of Suezmax tanker Stena Supreme
Concordia Maritime has entered into an agreement for the sale of the Suezmax tanker Stena Supreme (158,000 dwt, built in 2012). Delivery is expected in…
Simpson Spence Young announces next Senior Partner
Simpson Spence Young (SSY) has today confirmed that Head of Dry Cargo, Stanko Jekov, will be taking over as Senior Partner following Mark Richardson's announcement…
[Freightos Weekly Update] Ocean carriers remove capacity as lockdown continues
Key insights: 1 As the lockdown in Shanghai continues and the volume of available exports remains suppressed, the major ocean carrier alliances announced additional cancellations…
Somsen joins AFS Logistics as Chief Commercial Officer to power long-term growth across business units
AFS Logistics (afs.net) announces Melissa Somsen as Chief Commercial Officer (CCO). Somsen has over 30 years of sales experience in the logistics industry, including executive…
AgTC urges ILWU and PMA: avoid West Coast port disruptions
The Agriculture Transportation Coalition (AgTC) is urging the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) to avoid even a minor…
Hungary hardens opposition to EU embargo on Russia oil imports
Hungary hardened its public stance against a European Union embargo on Russian imports, saying it would withdraw its veto threat only if its imports via…
Japan, South Korea set to join US-led economy group, Sankei says
Japan and South Korea are among the countries set to join the Indo-Pacific Economic Framework, a US-led regional grouping President Joe Biden is expected to…
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