Joint venture on three seas 
Bremen Overseas Chartering and Shipping (BOCS) and UAL (Netherlands) are launching a new joint venture to expand shipping routes and capacities between the Mediterranean, the Black Sea and West Africa. The combined forces will operate under the name of UAL BOCS Shipping Line... more
GIG Aviation boosts cargo services in Nigeria
Regional turboprop manufacturer ATR is about to finalise an agreement for the delivery of two ATR 72-500 freighters from its asset management portfolio to GIG Aviation, a subsidiary of GIG Group. The ATR 72-500s will initiate GIG Aviation’s journey as a freighter airline.... more
Profits to be invested in Damietta
As expected, Hapag-Lloyd achieved strong results in Q1/2022, handling the same volumes as in Q1/2021, approximately 3 million teu. While revenues went up by 11.2% to USD 9 billion, ebitda was at USD 5.3 billion (+11.3%) and profit amounted to USD 4.7 billion (+10.6%). The... more
Logistics for an African pipeline
The decision-makers of the East African Crude Oil Pipeline (Eacop) project have chosen their main logistics contractor services (MLC). The contract goes to Bolloré Logistics after an extensive and detailed tendering process. The Eacop project will construct a 1,443 km buried... more
Air Algérie authorised to acquire 15 aircraft
The council of ministers chaired by Algeria’s president Abdelmadjid Tebboune has authorised Air Algérie to acquire 15 aircraft for the opening of new routes, especially to African and Asian countries, the council said in a statement. "The airline Air Algerie has been... more
Less losses, new problems
In its latest overall assessment, the Safety & Shipping Review 2022, published by insurer Allianz Global Corporate & Specialty SE (AGCS) reports that total losses have declined significantly - around 50 to 75 per year in the last four years, compared to more than 200 per... more
Many Windows on Africa
French software developer Soget is celebrating its 15th year of partnership with African countries. Currently, six countries on the African continent are equipped with the company's solutions for a cargo community system. To date, the software has been implemented at 24... more
UPS picks Ufku Akaltan
Ufku Akaltan will lead UPS operations in more than 70 countries in the Indian Subcontinent, Middle East, Africa and Central Asia. As UPS president for these markets, he succeeds Jean-Francois Condamine, who recently retired. Akaltan joined UPS in 2001 as an intern while... more
War in Ukraine and Omicron weighing on air cargo
The International Air Transport Association (Iata) has released March 2022 data for global air cargo markets showing a drop in demand. The effects of Omicron in Asia, the Russia – Ukraine war and a challenging operating backdrop contributed to the decline. Global demand,... more
Icao: major trends in January 2022
World freight traffic reported a growth of 2.7% in January 2022 (compared to 2019), 6.2 percentage points down from the increase in the previous month. The softening was broad-based across all regions, particularly in Asia/Pacific, North America, and Latin America/Caribbean.... more