DHL is not Fedex 
Deutsche Post DHL Group is celebrating its preliminary results for Q3/2022. A particular focus lay on the group’s ebit, which passed the threshold of EUR 2 billion over the period (Q3/2021: EUR 1.78 billion). Thus, with its group ebit for the first nine months of 2022... more
Ice melting – one way or the other 
Second conference on ‘The Future of Norwegian Seafood Air Logistics’. A series of challenges need to be overcome to ensure that Scandinavian seafood exports achieve their full potential, as ITJ correspondent Michael Mackey reports from a conference held in Oslo on 19 September.... more
Clarksons sees "solid maritime conditions"
Maritime analyst Clarksons Research is comparably optimistic in its recent edition of its Shipping Review & Outlook report. The Clark Sea Index, the company's index for ship revenue, witnessed a small setback in September, but remains averaging USD 38,880 per day so far... more
Stronger throughput in European ports
In August 2022, the container throughput index published by the RWI Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) soared to 127.4 points from the 126.5 points (seasonally adjusted) registered the month before, according to... more
Agility building in Egypt
During the Egyptian-Kuwaiti Economic Forum, the Suez Canal Economic Zone inked a contract with Agility to develop and operate a customs and logistics centre in the zone. In the presence of Walid Gamal El-Din, chairman of the Suez Canal Economic Zone (Sczone), and Tarek... more
La Spezia pushing Eurokai Group
The Eurokai Group's results surged strongly in H1/2022, due in particular to growth of throughput in Italy’s La Spezia container terminal. The group’s revenues increased by 10.6% to EUR 131.1 million compared to EUR 117.2 million in H1/2021. Net profit for H1/2022 amounted... more
Deepak Ahuja joins Zipline
Deepak Ahuja joined Zipline, the global specialist in instant delivery, as its first ever chief business and financial officer on 30 September 2022. He brings more than 20 years of financial leadership experience to the company’s management team. In his new role, Ahuja will... more
Emirates adds third daily flight to Mauritius
Close on the heels of re-introducing double-daily flights, Emirates has announced plans to up frequencies to Mauritius starting 1 October 2022. The additional evening frequency which will operate up till 31 January 2023 is in response to increased travel demand to and from... more
Ship financing steady - so far
The Petrofin index for global ship financing has registered its first rise in eleven years according to its report which was published in mid-September. This index was established in 2008 with a reference value of 100 points. After falling to its historical low in 2020 with... more
How expensive is the Suez Canal?
The Suez Canal will become more expensive next year, with the Suez Canal Authority (SCA) in Egypt raising its transit tolls by 15% for all types of ship as from January 2023. Only bulk carriers and cruise ships will pay just 10% more than in 2022. This increase follows a 6%... more