Shanghai plans to develop its domestic airport into a major international hub – but insists it won’t “fall into vicious competition” with Shanghai Pudong International (PVG), the country’s biggest air cargo gateway.
This month, the Shanghai municipal government published a …

Alibaba’s famed pledge of delivering e-commerce orders within 72 hours anywhere in the world is a step closer to fruition.
Its logistics arm, Cainiao, has signed a deal with Hong Kong Airlines’ cargo subsidiary for South-east Asia.
Phase one will …

As I briefly pointed out last week – “M&A radar: Who’s next?” – the joy of exploring new ties in ocean hasn’t subsided.
While the shipping M&A narrative is just ancillary and mostly irrelevant herein, in several exchanges with born …

CNBC reports:
KEY POINTS 
– In a trading update before the market open, the Zurich-based lender said a number of other banks were also affected and had begun exiting their positions with the firm.
 – The bank added that it …

THE GUARDIAN reports:
The huge container ship MV Ever Given has reportedly been refloated from the banks of the Suez canal, raising hopes that the vital waterway will soon reopen and that global shipping backlogs will be cleared.
After almost …

THE ATLANTIC writes:
When a big jet airplane crashes, it almost always makes headlines around the world, and for good reason: Fatal passenger accidents are extremely rare. Right now, though, the eyes of the world are on the Ever Given, …

The first Asia-Europe container vessels have begun to be rerouted around the Cape of Good Hope, according to new AIS data.
According to VesselsValue’s ship tracking data, Evergreen’s 20,400 teu Ever Greet, deployed on the Ocean Alliance’s NEU6 service (the …