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Expected rise in war risk premiums and freight rates amid geopolitical tensions
| April 15, 2024 | International Trade
In a significant escalation of tensions in the Middle East, Iran's capture of the MSC Aries, a container ship linked to Israel, has reverberated throughout the maritime industry. This development, occurring before the missile attacks on Saturday, April 13, 2024, underscores the deepening conflict in the region...
Hyster recognizes Dealers of Distinction for 2023
| April 15, 2024 | Ports & Terminals | Equipment and Tech | Trucking
Hyster Company announces the recipients of its 2023 Dealer of Distinction award, recognizing individual dealer performance and success during the year, and their commitment to customer satisfaction and overall excellence...
Do ocean carriers have a future in airfreight?
AJOT book review: “A History of Greek-Owned Shipping”
| April 15, 2024 | Maritime
The Making of an International Tramp Fleet, 1830 to the Present Day” by Gelina Harlaftis (1996)...
Aerios: Digital transformation of the air cargo charter industry
| April 15, 2024 | Air Cargo | Technology | Shipping Technology
Aerios: Digital transformation of the air cargo charter industry with its pioneering software for carriers, brokers, and charter professionals...
CMA CGM - update - Algeria, Tunisia and Morocco Roro services
| April 15, 2024 | Maritime
Following bunker prices evolution since the last surcharge adjustment, CMA CGM SSL Intra Europe will revise its BAF as follows on its Roro South services connecting France with Algeria, Tunisia & Morocco (import & export)...
Florida’s high-speed rail kicks off $1.2 billion junk-debt sale
| April 15, 2024 | Intermodal
Florida’s high-speed rail system, Brightline, is tapping the US high-yield market with a $1.25 billion offering on Monday.
The United States exported a record volume of natural gas in 2023
| April 15, 2024 | Energy
The United States exported 10% more natural gas in 2023 than in 2022, a record of 20.9 billion cubic feet per day (Bcf/d), according to our Natural Gas Monthly. U.S. liquefied natural gas (LNG) exports accounted for more than half of all U.S. natural gas exports, and natural gas exports by pipeline to Canada and Mexico accounted for the remainder...
Descartes’ study reveals 54% of supply chain and logistics operations are prioritizing automation to mitigate workforce shortages
| April 15, 2024 | Logistics | Supply Chain
Delivery route optimization & real-time shipment tracking are top technology choices to improve productivity...
Cathay Cargo congratulates HKIA on being world’s busiest cargo airport for the 13th time in 14 years
| April 15, 2024 | Air Cargo | Airports
Cathay Cargo congratulates Hong Kong International Airport (HKIA) for once again being named the world's busiest cargo airport in 2023, according to the latest data from Airports Council International (ACI)...
Leading maritime cities report 2024 - amid a sea of change, Singapore retains top spot
| April 15, 2024 | Maritime
Singapore has retained its title as the leading maritime city in the world, followed by Rotterdam and London, according to the 2024 Leading Maritime Cities (LMC) report from DNV and Menon Economics...
Unsworth prepares clients for next stage in Border Target Operating Model
| April 15, 2024 | Logistics
Unsworth, a leading UK-based freight forwarding and logistics company, has recently organized an exclusive tour of Defra’s Inland Border Clearance facility at Sevington for almost 100 clients and other stakeholders...
ICTSI gets PPA OK to operate Iloilo Port
| April 15, 2024 | Ports & Terminals | Equipment and Tech
International Container Terminal Services, Inc. (ICTSI) has received regulatory approvals to operate and develop the Visayas Container Terminal (VCT), the international seaport of Iloilo City in central Philippines. This 25-year concession strengthens ICTSI’s presence in the Philippines and will unlock the economic potential of the Western Visayas region...
HyLight raises $4M to decarbonize aerial inspection with its hydrogen-powered airship drone
| April 15, 2024 | Energy | Alternative
A revolution in aerial photography is underway. HyLight, the pioneer of aerial inspection using hydrogen airship drones, today announced a fundraising of 3.7 million euros ($4 million) from VCs and business angels including Y Combinator, Ring Capital, Kima Ventures, Collaborative Fund, and Marc Tarpenning, the co-founder of Tesla, to decarbonize aerial inspection.
Indian Register of Shipping announces technology hire at senior management
| April 15, 2024 | Shipping Technology | People | Appointments
Mr. Sah has more than 30 years of experience in providing engineering services using digital technologies and industry 4.0 solutions. Prior to joining IRS, he was Chief Engineer – Strategic Projects, Global Practices with Tata Technologies, and Tata Motors...
IAPH statement on seizure of containership MSC Aries in the vicinity of the Strait of Hormuz
| April 15, 2024 | Maritime
IAPH joins calls by ICS for the immediate release of the seafarers and the ship. “We express our deepest concern for the welfare of the seafarers of this ship, which follows the hijacking of the crew of the Ro-Ro carrier Galaxy Leader in the Red Sea back in November."
Sue Spero awarded TIA’s Tom Fiorini Heritage Award
| April 15, 2024 | Logistics
TIA welcomes new board members during annual conference
| April 15, 2024 | Logistics
CF&S Estonia organize reloading metal reactor in Paldiski
| April 15, 2024 | Project / Heavy Lift | Maritime Project
CF&S Estonia are pleased to share an unexpected challenge they encountered this past month that put their problem-solving skills to the test...
Container ship seized in Strait of Hormuz could threaten Middle East trade lanes
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