After months at anchor in the Bitter Lakes area of the Suez Canal, the Ever Given is finally set to resume its passage to Rotterdam this week. The law firm representing the vessel’s owner, Japan’s Shoei Kisen Kaisha, said yesterday a formal agreement had been reached on the amount of compensation due to the Suez…

Ground handling staff in China are quitting in droves over new Covid rules, triggering the cancellation of hundreds of flights and the prospect of freight rates reaching “extraordinary” levels. According to one Chinese forwarder, long handling times at Shanghai Pudong (PVG) saw some cargo flights taking off empty over the weekend. He told The Loadstar:…

Frustrated airfreight shippers will be astonished to discover that cargo flights in 2020 were only half-full – according to IATA data. In a year when demand for air freight capacity grew exponentially in the second quarter, as governments booked-out flights to carry PPE and forwarders struggled to find capacity, IATA said the lack of bellies…