Three major shipping companies to revise upward their full-year earnings forecasts
The three major Japanese shipping companies (NYK Line, MOL, and Kawasaki Kisen Kaisha) have all revised upward their full-year forecasts...
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FedEx to Strengthen Air Freight Network for EC between Europe and Asia
FedEx Express (FDX/FX) will open four new air routes originating in the tri-polar East Asia. This is in response to the expansion of the...
Maersk posts record Q2 2021 results
According to Maersk's Q2 2021 results, sales were $14.2 billion (+58% YoY), EBIT (Earnings Before Interest and Taxes) quintupled to $4.1...
Global Airport Services to Expand 15% Annually on Asian Cargo Growth
Report Ocean recently estimated that the global airport services market size will reach 230.8 billion U.S. dollars (25.38 trillion yen)...
Forwarder Ranking in June 2021 (International Air Cargo Handling Volume)
The ranking of forwarders of international air cargoes from Japan for May 2021 has been revealed, with Nippon Express in first place with...
June Trade Statistics: Import/Export Balance in the Black for the First Time in Two Months
Trade statistics (preliminary figures) for June released by the Ministry of Finance showed that exports totaled 7.2208 trillion yen (up...
FedEx Forms Strategic Alliance with Indian Logistics Startup
FedEx Express, a subsidiary of FedEx, has invested $100 million (about 11 billion yen) in Indian logistics startup Delhivery to form a...
Marine Star is to establish a subsidiary, One World Logistics Japan
Marine Star (Osaka) plans to establish "One World Logistics Japan" as a wholly owned subsidiary in Japan this month. The new company will...
Korean Air Finalizes Proposed Integration Plan with Asiana Airlines
Korean Air (KAL/KE) has finalized its proposed merger (PMI) plan with Asiana Airlines (AAR/OZ). In November last year, Korean Air signed...
UAE's Jebel Ali port explodes while container ship is docked
A container ship docked at the port of Jebel Ali in the United Arab Emirates (UAE), the largest shipping hub in the Middle East, exploded...
CCFI Summary week 26
Europe (+3.9%), North America via West Coast (+1.6%), North America via East Coast (+3.0%), and South Korea (+1.2%) increased.
Container Shipping Rates Continue to Rise
The upward trend in container freight rates continues. After the cargo movement and freight rate hikes that occurred on North American...
ANA to Launch New Narita-Beijing Route with Cargo Aircraft
On July 2, All Nippon Airways (ANA/NH) will launch a twice-weekly round-trip service between Narita and Beijing using a Boeing 767 cargo...
Air cargo exporting from Japan results (May 2021)
Air Freight consolidation shipments from Japan in May totaled 88,829 tons (+85.9% y/y) and 221,845 cases (+34.9% y/y). The increase was...
Foreign Trade Containers at Six Major Japanese Ports Declines for First Time in Three Months in Apr.
According to the preliminary report on port statistics released by the Ministry of Land, Infrastructure, Transport and Tourism, the...
Nippon Express Forms Business Alliance with Chinese Company to Strengthen Pharmaceutical Logistics
Nippon Express has signed a memorandum of understanding for a business alliance with Shanghai Sheng Sheng Logistics, which is engaged in...
New ZFG Air freight service to take off
ZFG Air, a cargo airline in the U.K., is launching a new air cargo business, scheduled to begin twice-weekly flights in late June, based...
Blockchain trade platform "TradeLens" expands in China
Maersk and IBM have started offering TradeLens, a platform for the shipping industry jointly developed using blockchain technology, in...
Forwarder Ranking in May 2021 (International Air Cargo Handling Volume)
The ranking of forwarders of international air cargoes originating from Japan for May 2021 has been revealed: Nippon Express in first...
AirAsia enters cargo flight business for the first time
AirAsia, a major player in Malaysia's low-cost carrier (LCC) group, will enter the cargo flight business for the first time. In addition...
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