Air Freight News
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ReCAAP ISC issues warning on incident involving bulk carrier off Sibutu Island, Tawi-Tawi, Philippines
ReCAAP Information Sharing Centre today issued a Warning based on information from the Philippine Coast Guard (ReCAAP Focal Point) about an incident involving a bulk…
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US LNG exports continued to grow in 2020
U.S. exports of liquefied natural gas (LNG) continued to grow in 2020, averaging 6.6 billion cubic feet per day (Bcf/d) on an annual basis and…
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Wildcat safari running dry: Onshore success rate dips to lowest on record, falls for fourth year in a row
The success rate of global conventional oil and gas exploration has declined in recent years, but the most painful blow has been to onshore wildcat…
YRC Freight and Reddaway recognized as 2020 Carriers of the Year by GlobalTranz
GlobalTranz has awarded two 2020 Carrier of the Year honors to Yellow companies: YRC Freight, Cross-Border LTL and Reddaway, Western Regional LTL.
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VCFI continues to rise in February and grows by 6.83%
The Valencia Containerized Freight Index (VCFI) has registered in February an increase of 6.83% over the previous month and stands at 1,678.60 points, the highest…
Standard gate hours at Ports of Los Angeles and Long Beach
Marine terminal operators and the ILWU have reached an agreement to return to standard gate hours at the Ports of Los Angeles and Long Beach,…
CMA CGM reefer additional from Europe & the Mediterranean to the French West Indies, French Guiana, St Martin & St Barthelemy
Considering the current demand in Reefer equipment, and in order to meet this demand, CMA CGM is to update the Reefer additional as follows:
Handysize 38kt time charter average FFA is ‘perfect timing’
Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, says leading…
Export boom drives Canada’s largest trade surplus since 2014
Canada’s trade sector unexpectedly recorded its largest surplus in more than six years on across-the-board increases in exports.
Virgin Galactic chairman sells $213 million stake
Chamath Palihapitiya, the billionaire investor who has helped drive the frenzied growth of blank-check companies, sold his personal holding in the space-tourism company founded by…