Airfreight rides e-commerce to surprise growth in May

Conventional thinking suggests the unexpected strength of the air cargo market so far this year is ready to cool off for the summer, as freight activity normally does each year. It’s not happening — yet.

Global airfreight volumes didn’t subside after China’s Lunar New Year holiday in February, as many industry professionals anticipated, and are still going strong, albeit with ebbs and flows. The primary catalysts remain Asian exporters shifting modes because of slower ocean transits around the...

OPINION | The cause for China’s coercion in the skies may lay under the water

A Royal Australian Navy MH-60R Seahawk helicopter launches a sonobuoy during an anti-submarine warfare training in 2020 off the coast of Jervis Bay, New South Wales

During the Cold War, it was not unheard of for Soviet ships to attempt to disrupt US naval operations by “shouldering” vessels, meaning coming abreast and colliding in a semi-controlled manner. A famous example is the Black Sea incident of 1988, when Soviet frigates “bumped” both USS Yorktown and...

Stena Line vessels to get 30 per cent greater capacity following refit

The Stena Line-operated Ro-Ro vessel Stena Foreteller

Stena RoRo, on behalf of sister company Stena Line, has entered into a conversion agreement with China Merchants Jinling (Weihai) Shipyard for the installation of an additional cargo deck, increased thruster capacity, and preparations for shore power on board each of the Ro-Ro vessels Stena...

COLUMN | Too sweet: Tidewater; Hayfin Capital; Taiwan CSOVs; Island Offshore [Offshore Accounts]

Irish singer-songwriter Hozier recently managed to top the singles charts in Ireland, New Zealand, and the United Kingdom with the indie hit “Too Sweet”, which also peaked at number two on the Billboard Hot 100 in the US. The memorable chorus, “I take my whiskey neat, my coffee black and my bed at...

PLAN Warships Sail Around Japanese Islands; Japan, U.S., Australia Sign Information Warfare Memo

PLAN frigates. JSO Photo

A pair of People’s Liberation Army Navy frigates sailed around Japan’s southwest islands from this week, while a PLAN intelligence ship transited the Miyako Strait to enter the East China Sea on Thursday, according to Japan’s Joint Staff Office.

On Thursday at noon local time, PLAN frigates CNS Changzhou (549) and CNS Luan (611) were sighted sailing northwest in an area 43 miles southwest of Yonaguni Island, the JSO said in a Friday news release. The two PLAN frigates...

Performance Shipping subsidiary orders LR1 tanker from Chinese builders

Athens-based tanker operator Performance Shipping, through a separate wholly-owned subsidiary, has entered into a shipbuilding contract with Chinese shipbuilders the Jiangsu Yangzijiang Shipbuilding Group, Jiangsu New Yangzi Shipbuilding, and Jiangsu Yangzi Xinfu Shipbuilding for the construction of a scrubber-fitted, 75,000DWT LR1 chemical/product oil tanker for a contract price of US$54.1 million excluding extras and net […]

The post Performance Shipping subsidiary orders LR1 tanker from...

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.