Spot rate at its lowest in more than three years 
According to the latest weekly market analysis from Clive Data Services, part of Xeneta, the global air cargo spot rate flattened to USD 2.19 per kg in August, its lowest level since the onset of the pandemic. Of ten major trade lanes, only China-USA and Southeast Asia-USA... more
The supply chain and Mother Nature 
More natural catastrophes take a higher toll. In the past it used to be mainly reinsurance companies that were concerned. Today, however, all of the players in the supply chain have to pay more attention to the effects of natural disasters. Low water levels are currently an... more
Etihad Cargo boosts belly capacity
Etihad Cargo, the cargo and logistics arm of Etihad Airways, will offer additional belly hold cargo capacity via 90 new passenger flights as part of the airline's winter schedule starting September 2023 and operate 29 weekly flights to new destinations. The airline will... more
Proflight's first freighter
Proflight Zambia's first freighter jet, a Bombardier CRJ100, arrived at Lusaka airport last week. Ferried from Canada, it will be added to the carrier’s fleet of three passenger CRJ100/200 (with another CRJ200 to be delivered before mid-September), three Jetstream 4100 and one... more
MOL Group launches first warehouse in Africa
Mitsui O.S.K. Lines and its group company MOL Logistics Co report that MLG began operating a warehouse in Nairobi, the MOL Group’s first in Africa, in July 2023. MLG’s Nairobi warehouse has an area of 1,620 sqm and is located a 15-minute drive away from Jomo Kenyatta... more
Holiday season ends, air cargo rebounds
World ACD’s data reveal that global tonnages increased in the third full week of August (21 to 27 August), following a similar pattern as one year ago, mainly driven by Europe rebounding from the holiday season, while rates remained stable. Comparing weeks 33 and 34 (14 to... more
New number one in global ship registry
There has been a shift in the head-to-head competition of global ship registries. According to the latest data from Clarksons Research, Panama has lost its top position for the first time in 30 years. Liberia now holds the title of the world's largest ship registry in terms of... more
Kwik: more storage capacities in Nigeria
On 24 August 2023 Kwik, a digital platform for logistics services founded in 2018, launched KwikShelf, its first on-demand e-commerce fulfilment centre, in Lagos. KwikShelf is a 1,150 sqm facility located in Iddo House, in the centre of the city. Nigerian merchants will... more
KPI Ocean Connect reshuffles management team
KPI Ocean Connect, a global marine energy provider, has restructured its management. The leadership of its trading business will be divided into regions covering Apac, Emea, and Americas. New regional leads have been promoted from KPI Ocean Connect’s existing management team.... more
Egyptair Cargo wins contract with DHL Aviation
Egyptair Cargo has signed a new contract with DHL Aviation to serve its cargo flights through the Egyptair cargo complex in Cairo. Engineer Yehia Zakaria, chairman and CEO of Egyptair Holding called this new contract a new success for Egyptair Cargo that contributes to... more