Russia seizes Boeings in sanctions boomerang

Russia seizes Boeings in sanctions boomerang

Russian President Vladimir Putin has signed a law authorising the seizure of 543 Boeing and Airbus aircraft worth $13bn to support Russia’s own inventory. The Russian government has justified the law as necessary to secure sufficient collateral for its aviation...
MSC announces fuel surcharge adjustments

MSC announces fuel surcharge adjustments

Although bunker fuel prices have stayed steady at around $922.50 per tonne after breaking through the $1000-mark a little over a week ago, the world’s biggest line by capacity has said it will be adjusting its fuel surcharges every fortnight from the middle of April....
Russian Invasion: Biggest Commodities Shock yet to come

Russian Invasion: Biggest Commodities Shock yet to come

Russia’s invasion of Ukraine is unleashing the biggest commodity shock since 1973, and one of the worst disruptions to wheat supplies since the first world war. Ukraine is considered to be Europe’s breadbasket and together with Russia makes up 30% of global...
Ransomware attack hits Nhava Sheva container terminal

Ransomware attack hits Nhava Sheva container terminal

A suspected ransomware attack has knocked out the management information system (MIS) at Jawaharlal Nehru Port Container Terminal (JNPCT), one of five marine facilities in India’s top container gateway of JNPT (Nhava Sheva). JNPCT, the oldest terminal in the public...
More airlines cancel flights to Ukraine

More airlines cancel flights to Ukraine

Several European airlines have suspended or reduced flights to Ukraine as tensions mount over a possible Russian invasion of the country. Lufthansa, alongside sister carriers Austrian Airlines and Swiss, has suspended flights to the Ukrainian capital Kyiv and the...
New change for imports to Egypt

New change for imports to Egypt

Last fall, Egypt implemented its Single Window platform into its operations and was very successful in obtaining the required advance data. On March 1, 2022, Egypt will require all importing to be processed under a Bank Letter of Credit. This...
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