Thanks to enormous consolidation container shipping has reached an “unprecedented” level of rate stability around the world, according to the latest weekly report from Copenhagen-based box analysts Sea Intelligence.
The company said it does not properly declare the dangerous cargoes before shipment is a violation of the Hazardous Materials Regulations. Violators may also be subject to monetary fines and/or criminal prosecution under applicable law.
Swiss WorldCargo, the air freight division of Swiss International Air Lines, will begin nonstop services to Osaka, Japan, and Washington D.C. in the US as of March 2020.
IATA’s latest airfreight market data shows that cargo demand, measured in freight tonne kilometres (FTKs), declined for the eighth month in a row in June.
