ZIM passes threshold 
The shipping group ZIM has published its consolidated results for H1/2020. Volumes carried by ZIM went down by 8.4% to 1.3 million teu compared to 1.4 million teu in H1/2019. Yet, the average freight rate per teu over the period was at USD 1,081 compared to USD 1,005 in the... more
UAE’s railway to increase capacity by factor 8
Etihad Rail is tripling its fleet. The operator of the UAE’s national railway has awarded a contract to Chinese CRRC for the manufacture, supply and commissioning of 842 new wagons. The new rolling stock brings Etihad Rail’s total fleet to more than 1,000 units. This... more
Unifeeder broadens DP World's portfolio
The Unifeeder Group, a part of DP World since 2018, has opted for further acquisitions. The Unifeeder ISC platform managed the purchase of Transworld Feeders FZCO, Avana Logistek Limited, including its subsidiary Avana Global FZCO, and Transworld Feeders, the containerised... more
Agility reports a 61.3% decrease in net profit in H1
Agility reported first-half net profit of KWD 16.2 million (EUR 44.5 million), a decrease of 61.3% over the same period in 2019. Ebitda declined by 20.1% to KWD 75.8 million (EUR 208.6 million), and revenue declined 1.3% to KWD 765.1 million (EUR 2.105 billion). Tarek... more
Just four hours instead of two days
The first TIR shipment from Saudi Arabia has arrived safely in the United Arab Emirates (UAE). Operating under a single customs transit document and a single guarantee, Almajdouie Logistics moved almost 25 t of aluminium across the border, taking advantage of the TIR electronic... more
Hapag-Lloyd weathers H1 well
The Hamburg-based carrier Hapag-Lloyd improved its financial result significantly in H1/2020, but lost volumes. While revenues rose by 2,5% to EUR 6.4 billion (EUR 6.2 billion in H1/2019), earnings before interest and taxes (ebit) surged by 14% to EUR 511 million, thereby... more
Swiss Worldcargo further expands summer timetable
Swiss Worldcargo will expand its summer timetable until the end of October 2020. The cargo division of Swiss will add new destinations to its network in the coming weeks, connecting Switzerland to Canada once again with the launch of flights to Montreal, beginning 14 July.... more
Air Canada to introduce Istanbul
Starting tomorrow, 11 July 2020, Air Canada Cargo will serve Istanbul twice a week operating a cabin-loading A330-300, with one flight each from Montreal and Toronto. New or additional flights have also been launched to Amsterdam, Athens, Brussels, Dublin, Geneva, London,... more
Moody's mood worsening
It comes as no surprise that the rating agency Moody's sticks to its negative outlook for the global shipping sector for the coming 12 to 18 months. The outlook has been negative since March 2020. Yet, Moody's investors' service now draws an even gloomier picture in a new... more
Emirates Skycargo counts to 100 again
Emirates Skycargo will be operating scheduled cargo flights to 100 destinations across six continents during the current month. Some of the new cities added to the air cargo carrier’s network include Accra, Algiers, Athens, Fort Lauderdale, Glasgow, Larnaca, Los Angeles, Male,... more