Ocean carriers are scrambling to cut costs as the demand for liner services continues to plummet, and the off-hiring of chartered tonnage is top of their agenda.
Hapag-Lloyd chief executive Rolf Habben Jansen said yesterday that the carrier would return …

Air Atlanta Icelandic is preparing to add two 747-400 aircraft to its freighter fleet.
The ACMI provider has always pursued a twin strategy of operating freighters as well as passenger aircraft, but for the near future, it’s all about the …

Bangladesh’s import and export volumes in April nosedived as the coronavirus pandemic took hold, new data shows.
Last month, export volumes through Chittagong port fell 87% and imports were down 22% – a crippling blow for the impoverished South Asian …

Asia Pacific airlines saw their profitability decline in 2019, and it could take “years” to recover from the coronavirus pandemic.
The Association of Asia Pacific Airlines (AAPA) said yesterday its members’ combined net earnings dropped 25% last year, and air …

PayCargo Capital has reported rising demand for short-term credit as the Covid-19 pandemic spread.
Its facility allows carriers, forwarders and shippers in North America to apply for credit of between $25,000 and $2.5m for 15-30 days as a short-term cash …

After what was the worst quarter for asset-light operators in recent memory – say around eight years ago after the previous, cyclical 2001 debacle – and almost mid-way through a second quarter that sent shivers down your spine, the six …

In what could be one of the first indications of how cargo carriers have fared financially during the Covid crisis, IAG Cargo said this morning revenues had fallen 11.6% in Q1.
IAG Cargo reports few results, but it said between …