ZIM pays back early 
Haifa-based carrier ZIM Integrated Shipping Services is paying dues back earlier than planned, on account of its good results in 2020. The shipping company said that it intends to perform a mandatory excess cash redemption of 100% of its series 1 and 100% of series 2 unsecured... more
Emirates flies 5% of global Covid-19 vaccine doses
Governments and health authorities around the world are ramping up their efforts to protect communities from Covid-19 through a large scale vaccine roll-out. It has been estimated that more than 1 billion doses of vaccines have been administered globally. One out of every 20 -... more
Sleiman to lead Bolloré Logistics in Lebanon
Bolloré Logistics has appointed Mounir Sleiman as its managing director for Lebanon. He joined the group’s corporate internal audit team eight years ago and became chief financial officer for Lebanon four years later. Philippe Lortal, CEO – Middle East & South Asia:... more
Agility becomes DSV Panalpina
After acquiring the Inkas Group of companies in 2021, UTI Worldwide in 2015 and Switzerland-based Panalpina in 2018, Danish transport and logistics company DSV is taking over Agility Global Integrated Logistics (GIL). The transaction is valued at USD 4.2 billion (DKK 26... more
Silk Way West wins award in South Korea
During its fifth annual award ceremony, South Korea's Incheon Airport (ICN), one of the world’s biggest air cargo hubs (see upcoming ITJ 19-20/2021, "Aviation supplement", p. 13) honoured Silk Way West Airlines with the prestigious 'cargo airline of the year 2020'... more
Big takeover in South Africa
Kuwait-based National Aviation Services (NAS), Colossal Africa and a consortium comprised of the current executive management team have signed an agreement to acquire Bidair Services from the Bidvest Group. The closing of the acquisition is subject to fulfilling final... more
Ships' values soar 
It is indeed a record. According to data from Clarkson Research, the value of the global merchant fleet has surpassed a trillion dollars in April due to rising prices for second-hand ships, especially in the container and bulk sectors. The broker's general second-hand price... more
New certificate and renewed contract
Havaş has extended its ground handling agreement with Qatar Airways Cargo for cargo and warehouse services for another five years. Under the agreement, Havaş will continue to provide cargo and warehouse services at Istanbul, Ankara, Izmir and Antalya airports to the Gulf... more
Etihad Cargo now on Wisetech booking platform
Already accounting for 50% of its total bookings, Etihad Cargo, the cargo and logistics arm of the Etihad Aviation Group, has advanced its international digital booking reach through a new partnership with Wisetech Global, a provider of cloud-based software solutions for the... more
Next client from Middle East
Shortly after welcoming Air Canada Cargo as its first airline partner from North America, the e-booking platform Cargo One has entered into a distribution agreement with Saudia Cargo to provide customers across the board with digital booking experience. Saudia Cargo COO Teddy... more