Cargo softens first non-profitable year 
With a loss of AED 22.1 billion (USD 6.0 billion), 2020-21 was Emirates Group's first non-profitable year in over three decades. With the strong demand in air freight throughout the year, Emirates Skycargo reported a revenue of AED 17.1 billion (USD 4.7 billion), an increase... more
Gulftainer gets new CFO
Gulftainer, an independent port management and 3PL logistics company based in the UAE and the parent company of GT USA, has appointed Javier Echeverria as its new CFO, to support its international expansion and growth strategy. Echeverria previously served as regional... more
GAC breaks ground in Doha
In Ras Bufontas Free Zone Doha, construction is underway on GAC Qatar’s new 27,000 sqm multi-user contract logistics facility. It follows the signing of an agreement between GAC and Qatar Free Zones Authority (QFZA) in February this year. The facility is expected to be... more
Oslo – Haifa in 14 instead of 30 days
An interesting new rail alliance has been formed: Loconi, which operates five weekly container trains between Gdynia and Wrocław (both in Poland), and Baltic Rail, which runs three – five weekly trains between Wrocław and Koper (Slovenia), have launched a combined intermodal... more
Bimco and ICC promoting e-BL
The Baltic and International Maritime Council (Bimco) has partnered with the International Chamber of Commerce (ICC) and other stakeholders to develop a global electronic bill of lading model for vessels operating in tramp traffics. Bimco says that this initiative will be... more
Laurels for ZIM's IPO
Carrier ZIM held its IPO celebration at the residence of ZIM’s major shareholder, Idan Ofer, on the seashore in Arsuf, near Tel Aviv. Many other guests joined virtually, including heads of international banks, financial institutions, law firms and others who took part in the... more
From Miami and New York to Israel
American Airlines Cargo is launching transatlantic services from New York JFK (daily) and Miami (thrice-weekly) to Tel Aviv (Israel). Both are operated with B77-200 equipment and will initially carry around 15 t of freight per flight, depending on passenger load factors. Tim... more
Further cooling down in Dubai
Emirates Skycargo is strengthening its temperature sensitive pharma and vaccine handling capabilities at its Dubai hub with the extension of its fully automated cool room with 94 airline pallet positions at its EU GDP certified dedicated pharma facility at DXB. This will... more
Second all-cargo GSA contract within ten months
Aviation Horizons has signed a global cargo GSA contract with Air One Aviation to support its launch venture into the all-cargo market for regional B737 freighter services. The Saudi-based private jet operator has taken delivery of its first B737-400SF conversion and two... more
Two reasons for capacity crunch
Copenhagen-based maritime consultancy Sea-Intelligence has analysed the capacity shortages in maritime transport that are leading to record margins. As there is no global container shipping boom, the company attributes the current shortage of vessel capacity (and of empty... more