Air Freight News
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UK rail strike cripples network as 48-hour walkouts begin
Two days of strikes will bring much of Britain’s rail network to a standstill.
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OPEC+ curbs spark 85% rout in oil tanker rates after boom
Benchmark rates for oil-carrying supertankers have collapsed as OPEC+ follows through on a surprise vow to slash supply to shore up prices, reducing volumes shipped…
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deugro delivered 280,000 freight tons for the Long Son A1 Olefins Plant project in Vietnam
Nearly 178,300 freight tons of the most critical oversized and heavy lift (OSHL) components were successfully delivered 155 breakbulk shipments on 55 chartered heavy lift…
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Export-Import bank defies Biden climate vow with Indonesian oil refinery loan
US Export-Import Bank leaders voted Thursday to lend $99.7 million to expand an oil refinery in Indonesia, bucking President Joe Biden’s promise to stop steering…
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Air France KLM Martinair Cargo takes next steps in digital commercial approach
Air France KLM Martinair Cargo has announced the next steps in its digital commercial approach with the introduction of new digital...
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What is OPEC+ and how is it different from OPEC?
In 2016, largely in response to dramatically falling oil prices driven by significant increases in U.S. shale oil output, OPEC signed an agreement with...
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World’s biggest pulp producer considers trading with China in Yuan
Suzano SA, the biggest producer of hardwood pulp, is considering selling its products to China priced in yuan, adding to signs that the dollar is…
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Southwest Air pilots authorize strike in sign of frustration with negotiations
Southwest Airlines Co. pilots voted nearly unanimously to authorize a strike, a sign of frustration over what they view as a lack of progress in…
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Port of Long Beach outlines 400 Acre “Pier Wind” offshore wind port
The Port of Long Beach has announced a bold plan to establish a 400-acre wind port called Pier Wind that could centralize the...
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IBA Analysis: Ryanair 300 Aircraft order marks growth in strategy and fleet
Ryanair had hedged long in advance of the oil price volatility last year. This gave them a saving at the operational level compared to peers,…