DB carries out successful rehearsal for closure Frankfurt-Mannheim line

On 15 July 2024, a landmark infrastructure upgrade project will begin in Germany. The Frankfurt am Main-Mannheim line, one of the busiest routes in Germany and an integral part of the Rhine-Alpine Corridor, will enter a five-month upgrade phase. In preparation for the works, Deutsche Bahn implemented a route diversion rehearsal that was deemed successful, […]

Amendments to the Limitation of Liability Act Through the Years

Before dawn on Labor Day 2019, a scuba dive boat named the Conception was anchored off the coast of Santa Cruz Island just 100 feet from shore. Its passengers were sleeping below deck after a day of diving when a fire broke out, engulfing the vessel. 34 of the 38 people on board perished. The […]

Top 20 markets for air travel demand forecast according to latest ACI World data

Airports Council International (ACI) World today releases the annual World Airport Traffic Forecasts (WATF) 2023¬–2052 dataset, showing the Top 20 markets for air travel demand among other key air traffic findings. The latest WATF extends its horizon by an impressive 10 years, offering a comprehensive 30-year perspective on airport traffic forecasts at global, regional, and […]

Volatility in shipping hits extreme levels

An industry known for its volatility has entered a new period of extreme swings in earnings.New research carried out by Jonathan Chappell, a shipping analyst at Evercore ISI, an investment bank, highlights the extreme volatility seen across five segments over the past 18 months. “Shipping markets are known for being notoriously volatile given low barriers […]

Commission approves the acquisition of Asiana by Korean Air, subject to conditions

The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Asiana Airlines Inc. (‘Asiana’) by Korean Air Lines Co., Ltd (‘Korean Air’). The approval is conditional upon full compliance with the remedies offered by Korean Air. Today’s decision follows an in-depth investigation of the proposed acquisition. Korean Air is South Korea’s […]

Intercity Railfreight on board with 8 operators

Utilising spare capacity on scheduled passenger services is the business model of Intercity Railfreight. How the company utilises that space, to the benefit of their partners, their customers and their fifteen-year-old company, is to carry premium logistics in first-class comfort, at first-class speeds, around the UK. Actually, they use discrete and secure storage, not empty […]

Container xChange Global Forecaster – February 2024

Container Rates Surge Amid the Red Sea Crisis• Average container trading prices surge by up to 60% in January’24• Container leasing rates Ex China rise by up to 323%• Supply Chain professionals expect Container prices to surge further in February: xCPSI (Container Price Sentiment Index by Container xChange) In response to the escalating Red Sea […]

Will the Year of the Dragon spring some surprises?

So where is the market headed to this year? Sorry to disappoint you but we will not be answering this question. Instead we will look at four topics with two of them likely to have an impact on the shipping market and two highly unlikely to have any. These four topics are a financial crisis, […]

Maersk sets new bar with shipping’s first climate target validation

AP Moller-Maersk has achieved another industry first, having validated its decarbonisation targets to be in line with the Paris Agreement’s goal to hold the global average temperature increase at 1.5C above pre-industrial levels. The Danish shipping and logistics group has seen its goals verified by the Science Based Targets initiative (SBTi) – a group that […]

HMM privatisation process collapses

The long planned privatisation plans for South Korea’s flagship carrier lie in ruin today. Harim Group, whose bid with a local private equity firm had been the one selected by state banks, announced in a stock market release that it was pulling out of the deal to take HMM private. “Negotiations were conducted on the […]