US Regulators Investigate Shipping Firms Amid Rising Freight Costs

US Regulators Investigate Shipping Firms Amid Rising Freight Costs

The U.S. Congress is investigating Maersk, CMA CGM, and Hapag-Lloyd, the three largest shipping companies, due to surging ocean freight rates and concerns about industry competition. The investigation demands freight rate information and lists of long-term contracts to assess potential unfair competition. High freight rates have prompted businesses to reconsider their supply chain strategies and may reshape global trade patterns. The shipping industry faces uncertainty and challenges, requiring cooperation from all stakeholders to address these issues.

02/03/2026 Logistics Industry Insights
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MSC Container Ship Loses Power in Dardanelles Strait Tugs Deployed

MSC Container Ship Loses Power in Dardanelles Strait Tugs Deployed

On January 2nd, the MSC container ship “MSC Gianna III” (2825 TEU) experienced a mechanical failure in the Dardanelles Strait, Turkey, losing power and drifting. Turkish authorities promptly dispatched tugboats to assist, successfully towing the vessel to safety. The ship resumed its voyage on January 3rd. No injuries or environmental pollution were reported. The cause of the mechanical failure is currently under investigation.

02/03/2026 Logistics
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Hong Kongs Freight Sector Booms Amid Global Trade Shifts

Hong Kongs Freight Sector Booms Amid Global Trade Shifts

HAFFA, the Hong Kong Air Freight Association, is a non-profit organization dedicated to promoting the standards and development of the air freight industry in Hong Kong. It offers services to its members, fosters industry standardization, protects rights and interests, provides professional training, and engages in international cooperation to enhance Hong Kong's position in global logistics.

08/04/2025 Logistics
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Cathay Cargo Ships Xian Artifacts to Australia

Cathay Cargo Ships Xian Artifacts to Australia

Cathay Cargo successfully airlifted 10 Terracotta Warriors and over 200 cultural artifacts from Xi'an to Australia for a significant exhibition. With professional monitoring and efficient transportation throughout the journey, the artifacts arrived safely, showcasing Cathay Cargo's expertise and commitment to cultural heritage.

08/04/2025 Logistics
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US Air Freight Vs Express Delivery Customs Clearance Explained

US Air Freight Vs Express Delivery Customs Clearance Explained

Air freight customs clearance and express customs clearance in the U.S. have distinct characteristics regarding the entities involved, processes, timelines, responsibilities, and applicable scenarios. Air freight customs clearance is more suitable for bulk cargo, while express customs clearance is better for small packages and urgent shipments. The choice should be evaluated based on specific needs.

08/04/2025 Logistics Encyclopedia
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Global Guide to Countries and Their Airport Codes

Global Guide to Countries and Their Airport Codes

This article provides a systematic overview of the main airport information for countries such as Laos, Lebanon, Saint Lucia, Liechtenstein, Sri Lanka, Liberia, and Lesotho. It covers airport types, city locations, and relevant abbreviations, aiming to enhance readers' understanding of global air traffic.

08/06/2025 Airport Codes
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Global Airports Beginning with D See Rising Passenger Traffic

Global Airports Beginning with D See Rising Passenger Traffic

This article discusses airport codes that begin with the letter 'D', including Daytona Beach International Airport, Hazrat Shahjalal International Airport in Dhaka, and other important airports. It analyzes their roles in the global aviation network and the phenomenon of airport closures, providing valuable information for air travelers and industry professionals.

08/05/2025 Airport Codes
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Central and South America Expand Airport Networks

Central and South America Expand Airport Networks

This article discusses the major airports in Panama and Peru, including Tocumen International Airport and Alejandro Velasco Astete International Airport. It emphasizes the significant role these airports play in facilitating regional and international air transportation.

08/06/2025 Airport Codes
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