Jim Thompson, the founder and chairman of Crown Worldwide Group, has been awarded the EY Entrepreneur of the Year 2024 award for Hong Kong/Macau. READ: Looking Towards 2025: Predictions for the Airfreight Industry This prestigious award acknowledges his contribution to building a globally competitive business within the region over nearly six decades and is in recognition of […]
Freight forwarders operate in a dynamic environment where change is constant, demanding readiness and flexibility at all times. This has been especially true recently as they navigate increasing complexities in the American market. Among these challenges are heightened security concerns. “Cargo security is our foremost priority. As an industry—and as a nation—we cannot succeed without […]
W ith the global focus increasingly on the rise of e-commerce, ,a critical challenge has emerged for airlines when it comes to dangerous goods handling – lithium-ion batteries. Frequent mishandling of packages from platforms like Shein and Temu, as well as improper packaging by shippers has presented a risk for cargo handlers, necessitating robust screening procedures […]
As the world’s largest exporter and one of the leading players in global trade, China continues to shape the dynamics of the international air cargo market. In 2023, international air cargo capacity from China saw a growth of 26 percent, reflecting its strategic role in connecting East Asia with global markets. “The Chinese air cargo […]
Air cargo has grown more crucial in global trade, with cross-border e-commerce and international trade surging. The Airbus Global Market Forecast for 2024 predicts a demand for 2,470 freighters between 2024 and 2043, driven by the need for fleet modernisation and capacity expansion. “The global freighter fleet will grow from to 3,360 by 2043. This […]
The return of Trump-era tariffs is stirring up talk about global trade and how to fix long-standing problems. The earlier tariffs had plenty of loopholes, giving some shippers a free pass. The new measures could be a lot broader, impacting the economy in bigger ways. It all comes down to how the administration plays it—will […]
Spilled bunker fuel from two Russian tankers that broke up last month is now washing ashore in Russian-occupied Crimea, and local authories have declared a state of emergency to deal with the cleanup. Russian-appointed mayor of Sevastopol, Mikhail Razvozhaev, described the problem as “traces of minor pollution.” Last month, the aging river-sea tanker Volgoneft […]
Algeria’s shipbuilding industry is poised for a revamp with the government hoping to tap domestic shipyards for upcoming procurement deals. The Algerian Defense Ministry has previously revealed plans to build Chinese Type 056 corvettes at local shipyards. In mid-2020, the Algerian Navy placed an order for six Type 056 corvettes with China’s Hudong Zhonghua […]
Taiwan’s coast guard has rescued four injured survivors from a bulker that caught fire off the coast of Kaohsiung, including one seafarer who needed treatment for serious burns. At about 1700 hours on Saturday, Taiwan’s Coast Guard Administration (CGA) received notice that the 50,000 dwt bulker Panoria had suffered an engine room fire off […]
[By Kirsten Freja Young and Brendan Godley] At the most northerly tip of the UK, looking north from the island of Muckle Flugga, Shetland, the cold wind whips up the sea and gannets dive. While biodiversity loss in the Arctic Ocean may seem like a distant issue, the Shetland Islands lie further north than the […]
As great-power competition intensifies in Antarctica, Chilean President Gabriel Boric opened the new year by visiting the region. The historic trip saw Boric reach the South Pole, becoming the first Latin American leader (and third leader globally) to visit the world’s southernmost point. The other two visits by heads of state include the 2007 […]
[By Bill Sweetman] The speed, agility, range, and stealth of an individual aircraft type are still important, but they’re no longer the whole story of air combat. Advances in sensing, processing, and communications are changing military operations. The Chengdu J-36, the big Chinese combat aircraft that first appeared on 26 December, has been developed […]
