Shippers face 29% inflation in 2023 
According to Sea Intelligence, cost inflation in the shipping industry in 2023 remains high at 29% compared to pre-pandemic levels. Hapag-Lloyd's financial data serves as a market proxy for this assessment. Cost inflation reached its peak in Q3/2022 at 64%. Carriers... more
Saudia Cargo appoints managing director
Loay Mashabi will be joining Saudia Cargo as managing director on 8 October 2023. Formerly deputy minister for logistics services at the ministry for transport, Mashabi has an extensive background in the logistics sector. He has served at various positions in both the... more
Turkish Cargo joins "Koalition" for Yani
Turkish Cargo has safely transported a koala from Hong Kong to the UK. Born in Australia and introduced to Ocean Park in 2015, Yani was left alone after the other koalas she lived with at the park passed away. Since she could not be returned to her original home due to South... more
Operail Repairs certified
The Consumer Protection and Technical Regulatory Authority has decided to issue an extended ECM (entity in charge of maintenance) certificate to Operail Repairs. The Estonian rail company is now a certified European maintenance and repair company for wagons as well as... more
A throughput to celebrate
Contecon Guayaquil (CGSA), an International Container Terminal Services, Inc. (ICTSI) subsidiary in Ecuador, is celebrating a throughput of 135 million t of cargo during its 16 years of operation at the Port of Guayaquil. This milestone highlights CGSA's commitment to... more
Fraport extends CEO contract
On 15 September 2023, Fraport’s supervisory board extended Stefan Schulte’s mandate as CEO of Fraport for another three years. Schulte’s contract will therefore continue from 1 September 2024 to 31 August 2027. Schulte, a banker with a doctorate in business administration,... more
A tandem for SAF
Swiss WorldCargo has announced an agreement with World Courier, a global specialty logistics provider and a part of Cencora (formerly Amerisource Bergen), which will support the use of sustainable aviation fuel (SAF) within the Swiss airfreight division. World Courier’s... more
Expanding healthcare and time-critical services
UPS has entered into an agreement to acquire MNX Global Logistics, a global time-critical logistics provider headquartered in Long Beach, CA. The transaction is expected to close by the end of the year, subject to customary regulatory review and approval. With MNX’s... more
ANA to open new cargo building in October 2024
Narita International Airport Corporation ("NAA") announced plans to construct Cargo Building No. 8 to address the current dispersed cargo facilities at Narita Airport. ANA will lease Cargo Building No. 8 from NAA and begin service in October 2024. As ANA's largest... more
Shipnext receives grant for supply chain AI
Shipnext, an online cargo platform, has secured a substantial, multi-year grant from Flanders Innovation & Entrepreneurship (Vlaio) to advance the use of predictive analytics and AI in the supply chain. Shipnext will develop a supply chain volatility forecast to help... more