NAS takes majority stake in Kenyan competitor 
Under a strategic partnership agreement, Kuwait-based aviation services provider National Aviation Services (NAS) is going to acquire a 51% stake in Siginon Aviation. The subsidiary of Kenyan Siginon Group provides complete airport ground handling and cargo management services.... more
DSV concentrates on Agility integration
The hungry Danish logistics lion has reported its interim figures for Q3/2021. Revenues in Q3/2021 amounted to DKK 49.6 billion (EUR 6.6 billion), a leap forward of 43.3% in comparison to the same period last year (DKK 28.1 billion/ EUR 3.8 billion). Operating profit (ebit)... more
Third strong quarter in a row for DP World
DP World handled around 19.8 million teu in Q3/2021, a rise of approximately 8.1% year-on-year. In the first three quarters of 2021, the Emirati logistician and terminal operator handled around 58.4 million teu in all of its container terminals worldwide. The number of boxes... more
Boeing's Middle East outlook 2021
In its commercial market outlook (CMO) for 2021, Boeing forecasts that airlines in the Middle East will require 3,000 new airplanes valued at USD 700 billion and aftermarket services such as maintenance and repair worth USD 740 billion, with the region positioned to capitalise... more
Aramex welcomes European stakeholder 
It is a connection linking Franc with the Middle East. Geo Post, which is owned by Le Groupe La Poste, has invested in a 20.15% stake in CEP and logistics services provider Aramex. The shares of the Dubai-headquartered company were sold for AED 1.4 billion (USD 380 million).... more
Booking cargo per mouse click
DP World has launched a new digital logistics platform, which enables seamless, safe, secure, and efficient movement of cargo with a single-window solution. With Cargoes Logistics, customers can choose from multimodal logistics options, ship freight by sea, road, and/or... more
Fire onboard "ZIM Kingston" under control
The fire, which broke out onboard the "ZIM Kingston" last week, has been extinguished, the carrier said in a press release. On Friday 22 October 2021, the vessel, chartered by ZIM, en route from Pusan to Vancouver, ran into very heavy weather conditions. Dozens of... more
Astral picks Pilot Freight in Dubai
Kenya‘s Astral Aviation, which wants to expand its cargo business in UAE, has chosen Pilot Freight as its GSA in Dubai. The contract came into effect ten days ago, on 15 October 2021. Astral employs its B767-200F, which it added to its fleet almost a year ago, for twice weekly... more
Another service to link Gulf with Pacific
Singapore-headquartered Pacific International Lines (PIL) is launching a new weekly direct service connecting central and south China to the Gulf region in the Middle East. The new link complements the already existing CSG service between China and South East Asia to the Gulf... more
K+N maintains steady course in 2021
The figures speak for themselves - most logistics services providers cannot help achieving excellent results due to or despite the current supply chain disruptions. The Swiss logistics group Kuehne & Nagel International's growth continued strongly in Q3/2021. From... more