NAS: 20 more years in Aqaba 
Kuwait-based National Aviation Services (NAS) has renewed its contract with the Aqaba Development Corporation and Aqaba Airports Company to operate and manage Aqaba Air Cargo Terminal (AACT) for another 20 years. The facility, located within the King Hussein International... more
Qatar Airways Cargo deploys emergency convoy
Today, 3 May 2021, 300 t of aid from around the world are consolidated and transported in a three-flight cargo aircraft convoy from Doha directly to destinations in India where it is most needed. As part of the "WeQare" initiative, Qatar Airways is supporting... more
JV cargo operations in Baghdad
Masil, a joint venture of Menzies Aviation with Iraqi Airways, Air BP Limited and Al Burhan Group, has commenced cargo operations at Baghdad International Airport, with the launch of its "Cargo Go Live" initiative and manifesto for creating a world-class cargo terminal... more
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