Boeing: Southeast Asia fleet will nearly quadruple over the next 20 years
Boeing says Southeast Asia’s commercial airplane fleet will nearly quadruple to more than 4,000 jets by 2042, becoming one of the global leaders in air traffic and fleet growth. As low-cost carriers (LCCs) become the dominant business model and expand networks across the vast region, Southeast Asia will be the world’s fastest-growing single-aisle airplane market through the 20-year forecast period. These projections are included in Boeing’s 2023 Commercial […]
Executive Summit 2023 a Soaring Success
The International Air Cargo Association (TIACA) announced that its Executive Summit was a soaring success, succeeding in its mission to bring the global air cargo industry together to discuss, debate and network. The event was held in Brussels, Belgium and was hosted by Brussels Airport Company. The event held in the iconic Skyhall venue at […]
Burning Questions: Unraveling the Truth Behind Electric Vehicle Fires in Maritime Shipping
The Cathay Group announces today i The fire onboard the car carrier Fremantle Highway with the tragic loss of a seafarer has brought the debate surrounding the transport of electric vehicles (EVs) by sea into sharp focus. The Fremantle Highway, a pure car and truck carrier (PCTC) chartered by “K” Line, caught fire off the coast of the Netherlands last […]
How To Reduce Detention And Demurrage Costs Using Automated Container Tracking
For companies involved in international shipping, efficient and timely movement of goods is crucial to remain competitive. However, detention and demurrage costs can significantly impact their supply chain operations and financial performance. These fees are charged when containers exceed their allotted free time at ports or under the customer’s custody, awaiting to be returned to […]
Airports nudge back into black – with business transformation challenge ahead
After more than €50 billion in foregone revenues and over €20 billion in accumulated losses since 2019, Europe’s airports were back in the black last year – posting a net profit of €6.4 billion. This opening salvo from ACI EUROPE’s Director General, Olivier Jankovec, in his annual State of the Industry address today opened the […]
Number of containers lost at sea falls to record low
A total of 661 containers were lost overboard in 2022, out of 250m transported, representing the lowest losses in percentage since the Washington-based liner lobby group, the World Shipping Council (WSC), started the survey in 2008. The number is less than one-thousandth of 1% (0.00026%) of the containers currently shipped each year, with cargo transported […]
