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...Cargo began to flow again at DP World Australia’s terminals at the country’s largest ports on Monday morning after the stevedore shut down its services over the weekend following a cyber attack....
...Recent Houthi attacks on container ships in the Red Sea have begun to push up air freight rates and shown fresh pockets of demand for such services....
...The average cost to fly 1kg of cargo from the Middle East to Europe has increased 35 per cent in the last month to $2.03, according to Freightos, a logistics information service....
...Alibaba’s Cainiao logistics service said it operated on average 170 chartered flights or block-space agreements per week....
...Under EU sanctions, there is a near-ban on movements of road freight to and from Russia and Belarus. There are also restrictions on RZD’s ability to access some financial services....
...Hong Kong has been hit by an accelerating decline in seaborne cargo volumes, as it loses out to rivals in mainland China and south-east Asia....
...The overall tax take will first have to rise to finance vital additional public investment, rescue public services in crisis and so catalyse more growth....
...CMA CGM has also invested hugely in new areas such as air cargo and on more environmentally friendly ships....
...It affected freight transport from Tuesday evening and passenger services from Wednesday morning, and is due to continue until Monday evening at 6pm....
...Container lines, which handle movements of manufactured goods and components, mostly offer one service a week on their most popular routes....
...Decreasing the insurance rate for war-related risks was a “top priority”, said Christina Serebryakova at Atria, a Ukrainian agricommodities and freight brokerage....
...“In line with this, we are omitting Baltimore on all our services for the foreseeable future, until it is deemed safe for passage through this area.”...
...“For cargo owners, it’s adding time and cost and disruption,” Heaney said. Disruption in European ports was also a risk if many delayed services all arrived close together, he added....
...Known for his cargo shorts and curly hair, Bankman-Fried was once one of the most prominent executives in crypto, portraying himself as the respectable face of an unruly industry and donating millions to...
...year, on “roll-on, roll-off” ships that ferry both tourists and freight trucks....
...The same deed provided that another company owned by Musgrave and Corney, DCS Industrial Ltd, would be “entitled to a fee for consultancy services in connection with the dispute”, again up to £54mn....
...International Container Terminal Services, a Filipino company, will run Durban port after a deal was clinched with unions to protect jobs....
...Flight delays cost fuel and time, while also holding up freight, which will require more capacity as logistics demand takes off....
...Some shippers are turning to air freight, driving up prices: the average cost to fly 1kg of cargo from the Middle East to Europe has increased 35 per cent in the last month....
...The research organisation Global Trade Alert has launched a monitoring service for industrial policy together with the IMF: a joint paper on the subject is here....
...The lawyer, who asked not to be identified, said charterers were concerned end-customers might refuse to pay for cargo delivered late....
...Some 22,600 remain in service. CFM said in October it had found 145 engines in the global fleet that were fitted with parts linked with AOG. More than half of these had been removed from service....
...But the volume of cargo carried by Africa’s biggest rail network has collapsed by a third in the past five years, in a crisis described by President Cyril Ramaphosa as of “catastrophic proportions” and highlighting...
...“Heavy and time-critical cargo should consider routing via the US or Canadian West Coast or utilising rail or trucking services.”...
...Attacks on cargo ships in the Red Sea have not driven up freight rates far enough to affect consumer prices, but that could change if the disruption lasts longer, or if the conflict drastically pushes up...
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