Recovering relatively well 
Chinese ports provide global economy with renewed impetus. Although the overall situation concerning congestion has eased somewhat, all that glitters still isn’t gold in Chinese ports. Although volumes are rising, especially in exports, the figures from before the shutdowns... more
Zhengzhou airport more than doubles cargo capacity 
Dimerco Express worked with Cathay Pacific to arrange its first flight for the new Zhengzhou North Cargo Terminal in Henan Province. The 160,000 sqm addition to CGO can handle 600,000 t of annual freight, bringing the airport’s total air cargo capacity to 1.1 million t. The... more
More parcels for ZTO Express
In China, ZTO Express has reported its Q2/2022 results. The CEP's total revenues were RMB 8.66 billion (USD 1.3 billion) in Q2/2022, a rise of 18.2% from the same period in 2021. Gross profit was RMB 2.2 billion (USD 328.9 million), an uptick of 31.6% from H1/2021. The core... more
Grant to promote hydrogen transport project
Western Australia’s government has approved an AUD 10 million (EUR 6.8 million) grant to support a hydrogen project. It will set up a renewable hydrogen production, storage and refuelling facility at Woodside Energy's H2Perth site in Rockingham to support the early adoption of a... more
Hutchison Ports banks on Egypt
The Egyptian government and Hutchison Ports recently enhanced their cooperation by initialling agreements for two new concessions to operate container terminals in Ain Sokhna Port and El Dekheila Port. Marking the event, an initialling ceremony was hosted by Mostafa Madbouly,... more
Singaporean platform opens Caribbean capacities
Caribbean Airlines Cargo, headquartered in Trinidad and Tobago and with hubs in Miami, New York, Kingston, Guyana and Barbados, has entered into a partnership with the digital air cargo solution platform CargoAI. CargoAI users have thus had access to more connections between the... more
A powerful fleet for the UAE
The UAE’s Etihad Rail has received the first batches of its new rolling stock. The locomotives and wagons, which reached the UAE via Zayed and Al Musaffah Ports, will operate in Etihad Rail’s entire network.The rail company will increase its fleet of heavy freight locomotives to... more
OOCL – profits up, newbuildings down
Hong Kong-based Orient Overseas Container Line (OOCL), which was taken over by Cosco in 2018, handled 7% less containers in H1/2022 than in the same period last year, that is to say 3.65 million teu, down from 3.93 million teu.The line’s revenues increased by 61% to USD 11... more
Air cargo tonnages and rates both declining
Global air cargo flown tonnages and prices continued their gradual decline in the first two weeks of August after volumes staged a brief and partial recovery in the second half of July, as the latest figures published by World ACD Market Data show. Looking at week 32... more
LNG links NYK to Qatar
NYK has inked a long-term time-charter contract with Qatar Energy, the monarchy’s state energy company, for seven LNG carriers. The new sister vessels will be equipped with an X-DF 2.1 iCER and air lubrication system, both of which will contribute to a reduction of GHG emissions... more