In its third edition, the CPPI (Container Port Performance Index) has rated the Yangshan Port in China as the top performer considering the port’s significant year-over-year performance improvement, despite having faced typhoons and other disrupting factors last year.In addition, major Chinese carriers are re-establishing services to Australia while US and other APAC carriers are increasing the frequency of their flights to the country. Qantas has promised to add one million additional international seats over the next year while Singapore Airlines has committed to three daily A380 routes from Changi to Sydney and Melbourne. Qantas and Singapore Airlines have increased their commitment to additional capacity and routing into and out of Australia.Demand for renewable fuel has been growing in recent years as governments, particularly in Europe, have been pushing for lower carbon footprints and a more sustainable future in the aviation industry. Currently the plant is able to create 1 million tons of SAF per year. Neste’s recent $1.7 billion expansion has made their refinery the largest renewable diesel and SAF (Sustainable Air Fuel) producer globally.Core retail sales, which excludes sales of vehicles, were firmer than originally anticipated in April. Recent data released this week encouraged S&P Global Market Intelligence to revise up its forecast of second-quarter growth of real GDP by 0.3%, to 0.2%.In addition to the new warehousing and intermodal facilities, the Port will also begin enlarging the port to ease the operation of larger vessels calling at the Port of Oakland. The Port of Oakland is focusing on developing a nearby 50-acre site for cargo support operations.A total of 688,000 TEUs were handled at Port of Los Angeles in April, which represents a significant 22% decrease over April of last year, the port’s second busiest month ever recorded.The company is concentrating on European, APAC and Middle Eastern hubs as they try to dial in the best routing options for their fleet. CMA CGM has suspended its service to US destinations.The airlines have not made any decisions on how to move forward but are evaluating their options. The ruling supports antitrust groups insistence that the alliance could lead to increased fares for customers as competition is diminished.
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