Hong Kong International Airport (HKIA) retained its position as the world’s busiest cargo airport in 2022 despite the impact of Covid restrictions, according to statistics from Airports Council International. HKIA saw its cargo volumes fall by 16.4% year on year in 2022 to 4.2m tonnes as restrictions on crew hampered operations, particularly at combination carrier […]
Read MoreSingapore-based aviation services company SATS has completed the acquisition of cargo handler Worldwide Flight Services (WFS) for €1.3bn. SATS struck a deal last September to buy WFS from an affiliate of asset investor Cerberus Capital Management. The transaction has an enterprise value of €2.25bn. WFS is now a fully owned subsidiary of SATS. The ground handling specialist […]
Read MoreChina Travel Restrictions & Travel Advisory Exciting News for Travelers as China Opens Borders After Three-Year Hiatus. China has finally opened its borders to tourists after a three-year wait. As of March 15, all travelers with valid Chinese visas can enter the country without the need for a new visa application, including those with tourist […]
Read MoreThe world’s 30 busiest container ports saw growth slow in 2022. According to Alphaliner, volumes at the 30 busiest ports rose by less than 1% year-on-year (y/y) to 454 million TEU in 2022. China was the main driver of the gains and, to a lesser extent, the Middle East. China’s top 10 ports achieved […]
Read MoreAir cargo capacity is continuing to climb and rose above the pre-pandemic level for the first time in four years, according to the latest market analysis from CLIVE Data Services. Global air cargo capacity increased for the eleventh consecutive month in February, up 11% on the same period last year. Meanwhile, global air cargo volumes […]
Read MoreThe California Air Resources Board has thrown open the door on comments to its proposed Advanced Clean Fleet (ACF) rule, which sees a phaseout of diesel-powered trucks in the state, even as CARB still does not have the waiver it needs to make it a reality. That proposal includes an acceleration of the target for […]
Read MoreSome marine terminals at Los Angeles and Long Beach ports have been unable to operate continuously. Since the middle of last week, Local 13 of the International Longshore and Warehouse Union (ILWU) has stopped taking “staggered shifts” during lunch hours. The Pacific Maritime Association (PMA) said that the action was causing extensive delays. “As […]
Read MoreU.S. Trade Representative Katherine Tai on Thursday rebuffed appeals from senators to begin negotiating trade agreements that would cut tariffs on U.S. agricultural exports. “At this moment we do not have tariff liberalization negotiations going on with a partner,” Tai told the Senate Finance Committee. Tai left open the possibility for that to change, saying […]
Read MoreThe Coalition for a Prosperous America (CPA) today released a statement regarding a report by the U.S. International Trade Commission (USITC) analyzing the effects of Section 232 and Section 301 tariffs on more than $300 billion of U.S. imports. The USITC report found that the tariffs reduced imports from China, effectively stimulated more U.S. production of […]
Read MoreObserving the “two sessions” in China, a crucial event on the political calendar, is never dull for China watchers. This year, the urgency to spearhead technological development and safeguard against economic headwinds was evident. With Xi Jinping embarking on a norm-breaking third term as leader of the world’s second-largest economy, the focus of the new […]
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