Day: October 7, 2024
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Global Air Cargo Demand Grows 11.4% in August

According to the International Air Transport Association (IATA), global air cargo demand rose by 11.4% year-over-year (y/y) in August. Cargo capacity grew by 6.2% y/y, driven by a 10.9% rise in international belly capacity. Despite record capacity levels and lower fuel costs, yields rose by 11.7% y/y and is 46% above pre-pandemic levels. Willie Walsh,

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Shipping Industry Awaits CII Decision

The IMO’s recent Meeting of the Environmental Protection Committee (MEPC 82) ended without a clear decision on the Carbon Intensity Index (CII), although there is growing support for a flat fee per tonne of CO2 emitted. Delegates said the current rules unfairly penalize waiting times in ports, a crucial factor to consider for shortsea and

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