Upwards lift for airfreight

In addition to the Red Sea conflict, recent economic indicators suggest underlying demand growth, particularly in India’s production and export orders.

It is understood that the Swiss-based shipping company has acquired a 50% stake in RHE Rail Hub Europe SpA, located in the Rivalta Scrivia inland port, north of Genoa

The Netherlands-based heavy lift technology company Fastro has come up with a new technique [patented] for attaching slings to heavy loads. Its new system is both quicker and lighter than traditional bow shackles. The modular approach aims to improve safety and ergonomic working conditions, along with providing a more cost-effective rigging solution.

Ports in the Asean trading bloc are being expanded and their cargo handling facilities modernised as both intra-regional and international trade volumes increase.

The heavy lift/project cargo market is expected to post relatively strong rates of growth over the coming years and shipowners and operators are investing heavily in the sector.

The economies of most Caribbean countries were severely impacted by the effects of the coronavirus pandemic and while some recovery has taken place in the region, it has been sporadic and uneven, and trading volumes have been mixed.