News

The latest industry news and PSA BDP Happenings from across the globe.

March 9, 2022

ukraine crisis

The global seaborne commodities trading map continues to be redrawn at a blistering pace in the wake of the Russian invasion of Ukraine two weeks ago.

March 8, 2022

ukraine crisis

Lufthansa Cargo expects global market capacity will be approximately 10% down as a result of the Ukraine invasion.

March 7, 2022

ukraine crisis

Nippon Cargo Airlines (NCA) has extended the suspension of its Asia-Europe flights for a few more days as it continues to find routes that do not enter Russian airspace.

March 3, 2022

ukraine crisis

Airlines around the world are rerouting flight paths after the recent surge of airspace-travel restrictions following Russia’s invasion of Ukraine. The European Union barred Russian aircraft from traversing its airspace, consequently triggering Moscow’s reciprocal ban on European aircraft.

March 2, 2022

ukraine crisis

Export-import trade between Russia and many countries in Asia has already been halted following Moscow’s last week’s invasion of Kyiv which raised severe concern mainly to exporting nations on the possibility of their significant revenue loss.

March 1, 2022

ukraine crisis

Global supply chains, already hit hard by the pandemic, face new disruption and cost pressure as airspace bans following Russia's invasion of Ukraine raise concerns over a fifth of air freight.

March 1, 2022

ukraine crisis

Ocean carriers continue announcing the suspension of freight to and from Russia and Ukraine

February 28, 2022

ukraine crisis

The European Union will close its airspace to Russia, attempting to further isolate President Vladimir Putin after he ordered his troops to invade neighboring Ukraine.

February 28, 2022

ukraine crisis

Britain on Monday unveiled a new package of sanctions against Russia that included a move to ban Russian vessels from accessing U.K. ports, even as some were en route, and asset freezes against new banks.

February 25, 2022

ukraine crisis

With a military intervention in Ukraine off the table for now, countries around the world looked to heap more financial punishment on Moscow, including the European Union’s approval of an asset freeze on Russian President Vladimir Putin and Foreign Minister Sergey Lavrov.