Global air cargo traffic continued its improvement trend in February with FTKs rising 8.4% compared to a year-ago, according to IATA’s February Air Freight Market analysis. After adjusting for the leap year in 2016, demand was up 12%—four times better than the average annual growth rate of 3% over the past five years. Global capacity decreased 0.4% in February, leading to a global freight load factor of 43.5%, a 3.5% rise over February 2015’s level. IATA said the current stro

Built in South Korea – which today stands at the centre of international tension over the nuclear intentions of its northern neighbour – you could call it “the mother of all ships’’. The world’s largest vessel of any kind currently plying its trade on the high seas made a Hong Kong stopover as part of its maiden voyage to France on Saturday. The arrival of the massive MOL Triumph – which is big enough to accommodate 80 Star Ferries – was made possible after a multimillion-dol

The EU regulators will approve the acquisition deal between Danish shipping major Maersk Line and its German counterpart Hamburg Süd under a condition that the German carrier withdraws from certain trades, Reuters reports. Details on the trades in question were not specified, however. Maersk Line submitted commitments to the European Commission on March 20 aimed at removing potential competition related impediments to its acquisition of shares in Hamburg Süd. Following the su