With our strong presence in the expedited international airfreight business, the U-Freight Group was drawn to an announcement by Magma Aviation explaining how the role of narrow-body freighters in the air cargo industry has progressed quickly in recent years. Magma Aviation has found that certain aircraft, like the Boeing 737-800 and Airbus A321-200, with more…
Author Archives: UFL Group
The Splash247 website writes that global shipping is realigning fleets in anticipation of October’s extra port fees to be levied by the US on China-linked tonnage. With our strong presence in the international container shipping arena, the U-Freight group also notes that the article reports that in the container sector, global liners are moving their vessels…
Given the level of the U-Freight Group’s involvement in the global e-commerce and e-fulfilment market, we note that the International Air Cargo Association (TIACA) has released its first white paper focused entirely on e-commerce, signalling a decisive step in addressing the forces reshaping global air logistics. The White Paper offers a comprehensive analysis of the…
Following our recent news article about overcapacity in the container shipping arena, we note that Peter Sand, chief analyst at Xeneta, told the Splash 247 website that it would be necessary to demolish all ships built in 2009 and before to neutralise the current orderbook, adding that this is unlikely to happen. With our strong…
In light of the U-Freight Group’s significant presence in the global container shipping arena, we were very interested in a news item on the Seatrade Maritime News website, which indicates that as the container ship newbuilding orderbook continues growing the impact on the sector could be long lasting. The article indicates that the container ship…
The U-Freight Group has celebrated the 25th anniversary of the start of operations at its Shenzhen office. Shenzhen was one of the first offices opened in China by the Hong Kong-based global logistics and freight forwarding business. Founded in August 2000, U-Freight Shenzhen began operations at Shun Hing Square, but due to rapid growth and…
With U-Freight’s strong presence in the global container shipping arena, we note that last week, Marie Maersk joined a growing list of container ship cargo fire casualties, putting crew lives at risk, as the report is issued into the explosion on the YM Mobility a year earlier. Seatrade Maritime Review suggests that the fire on…
With U-Freight’s strong presence in the global container shipping arena, we note that Drewry’s composite World Container Index (WCI) decreased three percent to USD2,350 per 40ft container this week. This was the ninth consecutive week that the WCI has declined and it continues to stabilise after a volatile period. The unpredictability began after US tariffs…
The news that the USA and China have extended their ongoing trade truce for another 90 days is being greeted with a sigh of relief by markets, businesses and consumers around the world. It is welcome news for the U-Freight Group with our strong presence in the transpacific air and ocean freight market. Trump’s tariff…
With our strong presence in the expedited international airfreight business, the U-Freight Group notes that Xeneta’s latest market analysis for July showed global air cargo volumes climbed 5 percent year on year as front loading continued and more shippers opted to send their goods by air to avoid the impact of tariffs. Xeneta’s analysis for…