Who amongst us, on a business trip to Hong Kong or Mexico, has not at some time been offered some attractive, shiny product at a ridiculously low price? Nine times out of ten you ignore it, you know it’s fake, but you might be tempted to buy that “genuine” silk scarf for your loving wife, […]
Airfreight companies are continually facing challenges, whether it be geopolitical instabilities, economic pressures, or volatility in demand. Yet, despite continued pressures, deal volumes in the transport and logistics industry appear to be on the up. According to research from BDO, 27 deals were completed between July and September 2024. This represents the highest quarterly number […]
As with what seems like most industries these days, artificial intelligence is transforming the air cargo industry, particularly in demand forecasting. It’s doing so by leveraging machine learning and real-time data analysis. As global trade continues to evolve with unpredictable market dynamics, AI-driven forecasting is becoming a crucial tool for airfreight operators looking to optimise […]
The airfreight industry has been slow to adopt digitisation for a long time. There was frequent talk about the need for change, but for the past 20 years, it was challenging to identify exactly what needed to be done, which led to delays in innovation. However, in the last five years, the introduction of online […]
Kenya’s flower industry is booming, but its biggest challenge is no longer growing the flowers—it’s finding space on planes to ship them to market. A severe shortage of air cargo capacity is leaving growers with millions of fresh flowers and no way to transport them, leading to waste, rising costs, and supply chain instability. “At […]
British oil major BP has joined its peers in scaling back renewable-energy initiatives in favor of a return to its historical focus on oil and gas. On Wednesday, BP Chief Executive Officer Murray Auchincloss told investors that the company’s controversial plan to pivot fast and early towards green energy is now over. “This is […]
Efforts to continue to build out the engine options for shipowners seeking to align with the emerging trends for alternative fuels continued with WinGD highlighting the delivery of the most powerful methanol-fueled engine for ships. It is the largest yet built for methanol and part of the company’s diversified future offering including LNG and […]
The Royal Thai Navy had a collision with a foreign fishing vessel during an enforcement mission earlier this week, the service confirmed Wednesday. On Saturday, the Royal Thai Navy tracked and monitored a group of 10 foreign fishing vessels that were conducting illegal fishing operations in Thai waters, reportedly including pair trawling and light-lure […]
In a move that goes against the global trend to stop live export, Argentina announced that it is repealing a ban that has been in place since 1973. The Agriculture, Livestock and Fisheries Secretariat of the Ministry of Economy cited it as a move to support free trade and to grow Argentina’s export industry […]
In response to the growing challenges of illicit trade and supply chain security, a new industry alliance is being launched to drive the adoption of cutting-edge smart container technology. Known as the Smart Container Alliance, the group reports its goal is to unite industry leaders in a collective effort to enhance cargo traceability, fortify […]
In what is being called a milestone for the emergence of alternative fuels for the maritime sector, the first bunkering of certified bio-LNG was completed off Norway. The emergence of the fuel is a critical step toward meeting the requirements of the FuelEU Maritime regulations and demonstrates a pathway for the industry with alternative fuels. […]
Decades after other industries embraced digital transformation, shipping still relies on email chains, phone calls, and gut feel. But AI and data-driven decision-making are starting to challenge the status quo, forcing companies to rethink how they operate. Some shipowners and operators see AI as a buzzword. Others see it as an existential threat. The reality? […]
