Duet for ten LNG vessels 
A new agreement has been concluded between Haifa-based ZIM Integrated Shipping Services and Seaspan Corporation, an owner and operator of containerships and a subsidiary of Atlas Corp. Not long after the latter extended the lease terms for Cosco Shipping Lines of 17... more
"Ever Given" now free to go
As the Suez Canal Authority (SCA) confirmed recently, it has agreed on a settlement for the compensation it is demanding from the owners of the mega container vessel "Ever Given". Details of the transaction with Shoei Kisen Kaisha, the Japanese owner of the ULCV,... more
Schedule reliability: no surprises
According to the latest figures published by Copenhagen-based maritime consultancy Sea-Intelligence, big liners’ schedule reliability declined by -0.2 percentage points to 38.8% in May 2021. Compared to the same period last year, schedule reliability was down a drastic -36.0... more
Qatar Airways: more flights to Southern Africa
The capitals of Zambia and Zimbabwe will become the Qatar Airways' fifth and sixth new destination launched in Africa since the start of the pandemic. Starting in exactly one month's time, on 6 August 2021, the new service to Lusaka and onwards to Harare is scheduled to be... more
Another acquisition for DP World
It is the next coup in the logistics sector: DP World is purchasing all the shares of Syncreon for an enterprise value of USD 1.2 billion. Syncreon is a US global logistics provider that was formed in 2007 when Dublin-headquartered Walsh Western International bought TDS... more
Fiata and ICHCA join forces
Fiata (International Federation of Freight Forwarders Associations) as global representation of freight forwarders and the International Cargo Handling Coordination Association (ICHCA) have renewed their memorandum of understanding (MoU) and thus reinforced the ties between the... more
Big Gulf carrier inject bellyhold capacity
From today, 1 July 2021, Emirates resumes flights between Dubai and Venice, initially offering three flights a week on the route. The Dubai-based airline will also increase services to Milan from eight to ten weekly flights in July. This will comprise a daily service on the... more
Qatar Airways Cargo: more Webcargo options
Starting today, 30 June 2021, Qatar Airways Cargo is introducing Webcargo by Freightos in Europe (excluding Armenia, Bosnia and Herzegovina, Russia, Slovakia and Slovenia). Forwarders will be able to conduct eBookings with access to live rates and available capacity on Webcargo.... more
SAL changes CEO
Air cargo handler Saudi Logistics Services (SAL), which operates at all of Saudi Arabia’s airports, has appointed Eng. Hesham bin Abdulla Alhussayen as CEO, replacing Omar Hariri, who will move to Saudi Ports Authority as CEO, effective 1 July 2021. The new CEO brings over... more
Big Twin freighter gains further interest
Gecas will exercise three options to firm orders with Israel Aerospace Industries (IAI) to convert an additional three of the lessor’s B777-300ER passenger planes to freighters. This brings Gecas' total commitment since the launch of the "Big Twin programme" to 18... more