Call for urgent action to cap fuel prices 
Global oil prices, reaching their highest level since 2008 this week, are set to climb even higher amid continuing instability and sanctions related to the Ukraine crisis, the International Road Transport Union (IRU) anticipates. The organisation now calls for urgent... more
Diesel pricing in frenzy
According to data published by maritime intelligence provider Vessels Value, the price for diesel continues to rise. Since the outbreak of the war in Europe on 26 February 2022, the MR Atlantic Basket (an average of freight rates on key routes in the Atlantic Basin) climbed... more
Tiaca welcomes six new members
The trustees of the International Air Cargo Association (Tiaca) have elected six new members to serve on the board of directors. The new board members, all industry veterans from the airport, airline and handling sectors, are: Kai Domscheit, CEO of CHI Deutschland Cargo... more
Deutsche Post DHL group is in heaven
In 2021, Deutsche Post DHL Group generated revenues of EUR 81.7 billion, an uptick of 22.5% compared to 2020. Earnings almost doubled to EUR 8.0 billion (2020: EUR 4.8 billion) and the ebit margin increased to 9.8% (2020: 7.3%). Consolidated net profit after deduction of... more
Tidewater expands offshore services
Banyan Overseas, a subsidiary of Hong Kong-based Swire Pacific, has entered into a sale and purchase agreement with Tidewater, a company listed on the New York stock exchange. The subject of the deal is the sale of 100% of interest in Swire Pacific Offshore. The transaction... more
Finnair finds ways to Asian cargo hubs
Finnair is updating its traffic programme after the closure of Russian airspace. With cargo prices still rising, the company can continue its passenger services to its key Asian markets despite the longer flight times. Finnair is still serving Seoul and Shanghai from its... more
Teleport goes live on Webcargo this month
Teleport, the logistics venture of Capital A (formerly Air Asia Group), will soon go live on Webcargo, enabling easier and faster digital access to Teleport’s fleet capacity to over 3,000 global freight forwarders around the world. Since 2020, Teleport has built up a... more
A new low in reliability on the seas
Copenhagen-based Sea-Intelligence has analysed the schedule reliability figures up to and including January 2022. As expected, schedule reliability lost again to reach 30.9% "the lowest ever global schedule reliability since Sea-Intelligence started the measure in... more
Cebu Pacific selects Swissport in Japan
With recent contract wins in Osaka (KIX) and Fukuoka (FUK), Swissport is now supporting Cebu Pacific, a Philippines-based low-cost airline, in an exclusive partnership at all Japanese stations. Swissport has been providing airport ground services and air cargo handling for Cebu... more
Maersk chooses Hasan Faraz
Maersk has appointed Hasan Faraz as its new managing director, Maersk Pakistan. He began his career at Maersk in 2002 through the company’s international shipping education programme (MISE). Since then, Faraz has held several positions in various functions within Maersk and... more