Commission unwilling to adopt all suggestions of ECA intermodal report
The EU Commission responded swiftly to the European Court of Auditors’ report on intermodal transport and the share of rail freight. The report, which provided worrisome findings, might illustrate the situation as overly dramatic according to UIRR; however, it draws some conclusions worth the attention. The Commission accepted some of its points but will leave […]
Shipbuilders struggle to get out of the red despite multi-billion dollar orders
The shipbuilding industry’s eternal capability to lose money even when raking in billions of dollars of orders forms a key plank of broker BRS’s annual review. The 170-page report, one of the shipping market’s must-reads every year, covers all the main segments of the industry. On the shipyard business, BRS stated: “Shipbuilding is not an […]
Liner profits smash all records
The earnings before interest and taxes (EBIT) liner shipping has made in the past three years are more than the combined profits of the previous 63-year history of container shipping, according to new analysis by Sea-Intelligence. Sea-Intelligence experts have estimated the liner sector made an EBIT of $208bn last year, having racked up $164bn, and […]
Airbus Final Assembly Line in China delivers its first A321neo
Airbus has delivered the first A321neo aircraft assembled at its Final Assembly Line Asia (FAL Tianjin) to China’s Juneyao Air in Tianjin, China. The aircraft is powered by Pratt & Whitney GTF engines and features 207 comfortable seats, 8 in Business and 199 in Economy class. Its delivery flight is to use a ten percent Sustainable Aviation Fuel […]
FSF Global Safety Report Highlights Runway Safety, Turbulence Risks
Every logistics service business owner we are working with wants to increase sales and eventually become better than their competitors and generally stipulate yearly growth at a pace recommended by management theories, which is between 15-25+ %. Nevertheless, only some are ready to take on sacrifices that need to be made to make this a […]
Armada of big ships readies to hit the market as demand falters
In 2023, the world’s top eleven ocean carriers, which include nine members from three global alliances as well as ZIM and Wan Hai Lines, are set to add a whopping 89 large mainline container ships to their fleets, according to Alphaliner. This development is poised to have a significant impact on the global shipping industry. […]
Latest airport data reveals the industry’s financial recovery trends
Airports Council International (ACI) World has today published its 2023 edition of the Airport Economics Report and Key Performance Indicators (KPIs), presenting a comprehensive view of the airport industry’s financial performance for the 2021 year. The annual Airport Economics Report presents an in-depth global analysis of airport industry revenues by source, costs, and related trends across the globe and over […]
LTG : More X-ray machines at the borders as smuggling investigation continues
LTG Infra and the Lithuanian Customs Office step up their attempts to control and restrict smuggling and sanction circumvention attempts via rail. In this context, they aim to deploy two x-ray machines at the Kybartai railway station on the border with Kaliningrad and at the Stasylos-Byenyakoni border crossing with Belarus. The latest has been closed […]
UBS assumes leading Greek ship finance position with Credit Suisse takeover
UBS has taken on a very significant shipping portfolio following yesterday’s emergency takeover of compatriot bank Credit Suisse. UBS came to the rescue of troubled Credit Suisse yesterday in a $3.15bn government-backed deal to avert financial disaster. UBS has not had a strong shipping focus previously, something that has changed overnight with the Credit Suisse […]
As U.S. Imports Slow, Ports Eye Shipping Turnaround Later This Year
The leader of the busiest U.S. seaport on Friday said February’s cargo volume hit the lowest level since the start of the pandemic as inflation and economic upheaval hurt demand, and signaled that activity may not pick up until the second half of this year. “This is a global phenomenon. We may not be at […]
