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GAVA GROUPNews
22 Nov 2023
0 Comments By GV European Trade Lane, Ocean Freight Services, Sustainability

The Shipping Industry Charts a Greener Course: EU-Driven Innovations Pave the Way for Sustainable Maritime Operations

The maritime industry, responsible for a significant 3% of global carbon emissions, finds itself at the forefront of environmental transformation efforts. With the support of EU funding, two groundbreaking vessel designs and retrofit technologies for existing cruise ships and bulk carriers have been developed. Maritime sustainability forms a cornerstone of the EU’s strategy to reduce […]

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18 Nov 2023
0 Comments By MV Containers, Economic Outlook, General, Ocean Freight Services

Idle Vessel Fleet Faces Continued Growth as Newbuilds Arrive

The long-awaited surge in inactive tonnage, driven by a wave of new large vessels delivered from shipyards, appears to have temporarily subsided. However, this lull may be short-lived as the industry faces a further increase in idle capacity. Despite the influx of larger vessels, box ships with capacities of 12,500 twenty-foot equivalent units (TEU) and […]

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17 Nov 2023
0 Comments By MV America Trade Lane, General, Labor Negotiations, Ocean Freight Services, Supply Chain Disruption

ILA Warns: East Coast and Gulf Coast Ports Brace for Potential Strike in 2024

  The International Longshoremen’s Association (ILA), the union representing dockworkers on the U.S. East and Gulf coasts, warned members to prepare for a possible coast-wide strike in October 2024. Harold Daggett, the President of the ILA, conveyed this message to the rank-and-file members. He also mentioned that an update on wage negotiations with ocean carriers […]

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16 Nov 2023
0 Comments By MV America Trade Lane, General, Oceania Trade Lane

Indo-Pacific Economic Framework for Prosperity

Today in San Francisco, California, the United States took stock of the progress made in the Trade Pillar of the Indo-Pacific Economic Framework for Prosperity. Over the last year, a diverse group of thirteen partners (Australia, Brunei Darussalam, Fiji, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, the United States, and Viet Nam) has advanced our shared vision […]

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16 Nov 2023
0 Comments By MV Air Cargo, America Trade Lane, General, Ocean Freight Services

Air Cargo Seen Gaining Edge as Ocean Shipping Faces Reliability Issues in 2024

Air cargo is poised to benefit from a potential decline in ocean shipping reliability in 2024 as the industry grapples with the implications of changes to antitrust regulations. Xeneta chief airfreight officer Niall van de Wouw, speaking at the TIACA executive summit, highlighted the key factors shippers consider when choosing between air and ocean freight. […]

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14 Nov 2023
0 Comments By MV Asia Trade Lane, Economic Outlook, Inflation, News

China’s Economy Faces Continued Deflationary Pressures

  China’s consumer prices remain stagnant and factory-gate prices continue to decline, indicating persistent deflationary pressures in the world’s second-largest economy. The consumer price index (CPI) remained unchanged in September from a year earlier, falling short of the expected 0.2% gain. Core inflation, excluding food and fuel prices, held steady at 0.8%. The producer price […]

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13 Nov 2023
0 Comments By MV Air Cargo, America Trade Lane, Economic Outlook, European Trade Lane

Air Cargo Demand Outlook for 2024: A Mixed Bag

The outlook for air cargo demand in 2024 remains uncertain, with industry experts offering a range of projections from flat growth to moderate increases. While there is some optimism that demand could recover from its current slump, ongoing economic and geopolitical uncertainties cloud the picture. At the Tiaca Executive Summit event, Rogier Blocq of data […]

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12 Nov 2023
0 Comments By MV Containers, Economic Outlook, European Trade Lane, General

Excess Containers Clog Europe’s Ports Amid Economic Downturn

Logistics depots across Europe are struggling to cope with a surge of empty shipping containers as the economic downturn in the Eurozone and falling trade volumes exacerbate the issue. Industry experts at Container xChange claim that the cost of repositioning empty containers now surpasses their asset value, discouraging container lessors from shipping them back to […]

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11 Nov 2023
0 Comments By MV Automation, Cyber Security, General, News, Supply Chain

Belgium to Increase Container Scanning Using AI to Combat Drug Smuggling

Belgian authorities are planning to increase container scanning using artificial intelligence (AI) at its ports, focusing on shipments from high-risk areas like Latin America to combat drug smuggling. Currently, only 5% of containers entering the country’s ports are scanned, according to Belgium’s customs chief, Kristian Vanderwaeren. The measure is part of a broader effort to […]

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