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Boundary Layer Technologies (BLT) introduced a liquid hydrogen-powered fast vessel. Shipping by this high-speed hydrofoil, Argo, will be twice as cheap as air freight. Will the Argo hydrofoil become an alternative to air freight? Argo hydrofoil as an alternative for air freight Boundary Layer Technologies is a California-based start-up specializing in marine technology. The BLT …
The Boten–Vientiane railway, also known as the China–Laos railway, was opened on the 3rd of December 2021. It is an integral section of the central line on the Kunming–Singapore railway. It was constructed as part of the Belt and Road Initiative. The China-Laos Railway ships over 1 m tons of cross-border goods in just over …
Kuwaiti Agility Company finalized its acquisition of UK-based John Menzies at approximately £763 million. The integrated company will operate as Menzies Aviation and be the world’s largest aviation services company by number of countries and the second largest by number of airports served. It is an opportunity to establish a stronger and more resilient entity …
According to Container xChange’s Demurrage & Detention Benchmark 2022 report, US ports are the world’s most expensive ports in terms of demurrage and detention charges levied by container lines on customers. World’s most expensive ports Container xChange is a platform based in Germany. It helps to lease, buy, and sell containers. The company released a …
The Ever Alot ultra large container vessel is the largest container ship in the world to date. The subsidiary of China State Shipbuilding Corporation (CSSC), Hudong-Zhonghua Shipbuilding, was responsible for designing and assembling the containership. The ship’s capacity is over 24,000 TEU, the first container ship to surpass the mark. Biggest containerships in the world …
Maersk is one of the largest shipowners in the world. It has been investing in land transport for years and has recently expanded its air freight services. Maersk Air Cargo is set to triple its capacity over the next few years, expanding its global network of connections. How can one of the main shipowners become …
Ever Forward, a ship of Taiwan shipowner Evergreen, ran aground in the Chesapeake Bay on March 13. The container ship Ever Forward was refloated after a few weeks when the conditions were most favorable, with the help of a full moon and a high spring tide. Ever Forward refloated The Ever Forward container ship, over …
More than 10 million tons of plastic waste end up in our oceans every year. CMA CGM, one of the largest shipping companies, has announced that it will not accept plastic scrap anymore. What is other shipowners’ position on transporting plastic waste? Transporting plastic waste CMA CGM has joined large sea carriers who have decided …
On March 28, lockdown measures on one side of Shanghai, Pudong, came into effect. On April 1, the other side of Shanghai, Puxi, entered lockdown. It is estimated that the measures will impact China’s GDP 2022 growth by 0.15 percent. To prevent the slowdown, the authorities announced new stimulus policies. Shanghai is not only the …
The recent armed conflict in Ukraine endangers the safety and life of many people, and its effects are felt outside the occupied territory. Without a doubt, the invasion has an impact on the New Silk Road rail freight. The war in Ukraine and rail freight – do freight trains run despite the circumstances? China-EU rail …