Tag: cargo (Page 1 of 18)

Maersk introduces new digital solution for Air Freight booking

February 12, 2024 / WIL BALDWIN

Mumbai, Maharashtra, India – A.P. Moller – Maersk AS (US-OTC: AMKBY), as a part of its integrated logistics solutions, has launched a fully digital solution for customers willing to purchase air freight solutions. The new online solution available on Maersk.com provides customers with an option to book their air cargo requirements through a simple online tool that will provide customers with instant prices for as many as 70,000 connections between virtually all relevant airports globally. With the launch of this new solution, Maersk takes further steps towards connecting and truly simplifying its customers’ supply chains.

Maersk’s air freight cargo coverage extends to 70,000 airport pairings across more than 90 countries around the world. Being a fully online solution, the platform also allows the customer to book cargo movement for any of the 70,000 airport pairings from anywhere in the world.

Maersk’s air freight solutions offer cargo movement from most of India’s international airports. Combined with Maersk’s integrated logistics solutions that include a robust hinterland coverage of distribution network, Maersk allows such cargo movement to and from 80% of India’s postal/ZIP codes with end-to-end pick-up and deliveries.

Customers can also add Maersk Customs Services for seamless customs clearance and track their cargo from anywhere, at any time.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Maersk and Air Cargo News highlight global trends in 2024 air cargo market

February 2, 2024 / WIL BALDWIN

The air cargo sector is undergoing a demand slowdown due to global macroeconomic conditions. Post-Covid normalisation as well as global geopolitical crises, most notably in the form of military conflicts, have been the root cause.

Looking ahead, there is little confidence that this situation will improve drastically in the near term. This is partly due to rising interest rates and the termination of key government support programmes.

With customer demands getting more nuanced, a high level of flexibility seems to be the need of the hour. Air freight operators need to be nimble and provide solutions that lower operating costs and save time.

Here’s a quick fly-by of air cargo trends in 2024…

Click here to read the full story!

LATAM group presents special collection of aircraft in South American colors

January 14, 2024 / WIL BALDWIN

Santiago, Chile, January 12, 2024 – With the aim of celebrating the local pride of the leading airline group in Latin America, LATAM group unveiled its latest project, which involves adorning five aircraft with the respective national flag colors of the countries where the affiliates operate domestic flights.

The idea, extending throughout 2024, is to gradually introduce the five painted aircraft into the domestic flights of the affiliates. It will begin on January 11 with LATAM Airlines Brasil, debuting an Airbus A320neo in green and yellow colors, followed by planes representing the colors of the affiliates in Colombia, Chile, Peru, and finally, Ecuador.

The special paint scheme, applied by 30 workers from the Brazilian affiliate, maintains the characteristics of the LATAM logo already present on its aircraft, with only the colors being modified. The design of the LATAM Airlines Brasil A320neo started this Monday at the São Carlos facility in Sao Paulo, the largest maintenance center of the LATAM group.

Currently, the airline group has 332 aircraft, including 56 Boeing passenger planes (models 767, 777, and 787) and 256 Airbus planes (models A319, A320, A320neo, A321, and A321neo).

Additionally, LATAM Cargo has 20 cargo planes.

European Union implements new customs procedures

January 10, 2024 / WIL BALDWIN

Ocean Network Express (ONE) has notified customers that the European Union (E.U.) has implemented its new customs pre-arrival security and safety program, supported by an extensive advanced cargo information system known as “Import Control System 2 (ICS 2)”. This regulation will replace the current regulation ICS 1.

From June 2024, all goods moved by Maritime transportation which are destined for, or transiting the E.U., Switzerland, Norway, and Northern Ireland will be subject to new entry regulations – ICS2. Economic Operators (EOs) or Shippers will have to declare safety and 2 security data to ICS2, through the Entry Summary Declaration (ENS).

Paving the transition for ONE Customers At ONE, we are in the process of upgrading our systems to capture and process mandatory information, such as the 6-digit HS code, place of receipt and House Bill of Lading data ensuring we can support all our customers with their ENS submissions. Additionally, we are providing extensive training to our Magentians across all regions to equip them with the necessary information to support you, our customer during this transition. Watch out for further updates and announcements on our progress in 2024.

For more information on the upcoming ICS2, click on the link below.

https://taxation-customs.ec.europa.eu/customs-4/customs-security/import-control-system-2-ics2-0_en

Korean Air to expand cargo SAF program with Yusen Logistics

January 9, 2024 / WIL BALDWIN

Korean Air has partnered with Yusen Logistics, a global logistics company, to further promote the use of sustainable aviation fuel (SAF) in the air cargo industry. The two companies signed a Sustainable Aviation Fuel Cooperation Program Agreement at the Yusen Logistics headquarters in Tokyo.

Yusen Logistics is the airline’s first cargo SAF partner based in Japan, and the two companies will collaborate to promote SAF usage within the Asian region in alignment with the aviation industry’s climate change goals.

In September 2023, Korean Air launched a program to use SAF for air cargo operations with air cargo customers and forwarders, a first of its kind in Korea in the air cargo industry. Customers are able to purchase SAF for air cargo operations, and Korean Air will share the carbon emissions reductions with its customers.

Korean Air is committed to cooperating with all relevant governments, clients and oil refinery companies to expedite the use of SAF and create an efficient domestic SAF infrastructure in Korea.

Air New Zealand announces BETA’s ALIA launch aircraft for Next Gen Aircraft program

December 7, 2023 / WIL BALDWIN

Air New Zealand (NZX: AIR) has today announced the ALIA as the airline’s first purchase of a next generation aircraft in its Mission Next Gen Aircraft program.

Designed by electric aerospace company BETA Technologies, the battery-powered all-electric aircraft is expected to join Air New Zealand’s fleet in 2026. Air New Zealand is purchasing the conventional take-off and landing version of the ALIA.

The announcement follows an 18-month period of evaluation and diligence by Air New Zealand. Through the airline’s Mission Next Gen Aircraft program, it sought and received ideas and insights from 30 organisations, selecting four partners to work closely with on its goal of launching commercial flights using next generation aircraft in 2026. BETA’s ALIA is the first commercial order in the program.

Air New Zealand will initially operate the aircraft as a cargo only service in partnership with New Zealand Post, on a route being selected through an expressions of interest (EOI) process with airports across Aotearoa.

Luxembourg, Historical city center in the morning, Aerial View

Luxair orders four Embraer E195-E2 and secures delivery positions for additional five

October 11, 2023 / WIL BALDWIN

ERA General Assembly, Innsbruck, Austria, October 11, 2023 – Embraer SA (NYSE: ERJ) and Luxair, flag carrier of the Grand Duchy of Luxembourg, have signed a firm order for four E195-E2; the most efficient regional aircraft in the single aisle segment. The aircraft will complement the larger narrowbody aircraft recently ordered by the airline.

Luxair has ordered four E195-E2s, with two options and three purchase rights for more aircraft, with conversion rights to E190-E2 as required. The first aircraft delivery is scheduled for Q4 2025.

About Luxair

Founded in 1961, Luxair is a key player in the economy of the Grand Duchy of Luxembourg and the surrounding Greater Region. Passenger air transport is probably the most well-known activity of the general public. Luxair offers fast air service to most major cities, business centres and international hubs in Europe. The airline offers maximum flexibility to its business customers and quality travel to its leisure customers. Luxair’s tour operator offers a wide range of packages and themed holidays through its tourism division. Luxair is also the provider of airport services at Luxembourg Airport and its air cargo division handles all kinds of goods with ease and efficiency.

Maersk launches rail offering from Barcelona, Spain to Southern France

October 8, 2023 / WIL BALDWIN

Barcelona, Spain – AP Moeller-Maersk AS (OTC: AMKBY) is launching a new rail product from the Port of Barcelona to Southern France especially designed to cut transit times of ocean cargo destined to the areas Toulouse, Bordeaux and Lyon by using Barcelona as an alternative gateway. Starting early November there will be three weekly direct block trains between Barcelona and Toulouse as well as one weekly connection between Barcelona and Lyon. Via Toulouse the solution also connects cargo to Bordeaux seamlessly by using a partner network. Furthermore, it is intended to extend the connectivity on the Spanish side by rail to the areas of Tarragona and Zaragoza.

This new offering can shorten transit times for import and export cargo in the areas Toulouse, Bordeaux and Lyon by up to 12 days (7 days on average) compared to traditional routings via French or North European ports. Thanks to shorter transport distances and the utilisation of electrified trains it can also be a more environmentally friendly routing. The block trains can also be booked for intra-continental cargo between Spain and France.

Maersk is operating this new end to end service via its own company APM Spain Railways and cooperates for the trains with the partners Captrain and Naviland.

Thanks to brand new interoperable locomotives, the block trains neither have to stop to change the locomotive or replace wheel-sets at the Spanish-French border for seamless operations and best-in-class reliability.

Sun Country Airlines is today’s zacks.com “Bear of the Day”

October 6, 2023 / WIL BALDWIN

With very expansive top and bottom line growth expected over the next few years, investors may be wondering why Sun Country Airlines (Nasdaq: SNCY) stock is down -5% year to date.

The answer to this question lies in the trend of earnings estimate revisions which have largely declined landing Sun Country’s stock a Zacks Rank #5 (Strong Sell) and the Bear of the Day.

Click the link below to read the full story!

Bear of the Day

Germany First Lady Elke Budenbender Christens Berlin Express

October 4, 2023 / WIL BALDWIN

Hapag-Lloyd AG (Frankfurt: HLAG) has officially welcomed into its fleet the “Berlin Express”, the first ship of its new Hamburg Express class. At an event attended by some 300 guests from business and politics, naming patron Elke Büdenbender performed the ceremonial christening of the ship at the Container Terminal Burchardkai (Athabaskakai) in the Port of Hamburg. Among the guests were Peter Tschentscher, the First Mayor of Hamburg, and Daniel Günther, the Minister President of Schleswig-Holstein.

The Hamburg Express class will mark the beginning of a new era for Hapag-Lloyd and its fleet. In total, a dozen state-of-the-art large container ships will be put into service by 2025. Together, these vessels will make an important contribution to Hapag-Lloyd’s efforts to operate its entire fleet in a climate-neutral manner by 2045. Thanks to their cutting-edge dual-fuel technology, they will also be able to operate using non-fossil fuels, such as bio-methane and e-methane, and thereby generate hardly any CO2 emissions.

For the time being, liquefied natural gas (LNG) will be used, which will reduce CO2 emissions by up to 25 percent and soot emissions by 95 percent. In addition, advanced components – such as an optimised hull and a highly efficient propeller – will help the vessels to reduce fuel consumption and thereby greenhouse gas emissions.

The “Berlin Express” was built at the Hanwha Ocean shipyard in South Korea. With a length of almost 400 metres and a capacity of 23,600 TEU, it is the largest cargo ship ever to sail under German flag. The container ships in the Hamburg Express class will exclusively operate on the cargo-intensive Far East route between Asia and Europe. The “Berlin Express” will operate regularly on the FE3 service, which sails between Ningbo and Hamburg, via Xiamen, Kaohsiung, Yantian, Hong Kong, Singapore and Rotterdam.

Here’s a quick fly-by of air cargo trends in 2024…

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