Margins to stay, says Fitch Ratings 
According to the rating agency Fitch, container shipping spot rates have continuously risen in recent months, despite a significant reduction in demand for maritime transport due to the effects of the corona pandemic, but driven by shipping companies' supply discipline and... more
TT Club concerned over cool chain cargo
There is action required, says TT Club. The analysis of the insurance company’s claims records over the past three years shows that temperature-controlled incidents rank in third place. Almost 30% of these incidents involved a miscommunication of operational instructions... more
Prologis' balance sheet in 19 countries
Logistics real estate developer Prologis has reported its results for Q3/2020. As of 30 September 2020, the company owned or had investments in ventures, properties and development projects estimated to total approximately 91 million sqm in 19 countries. Moreover, the... more
Almost 100 direct Turkish Cargo connections
Turkish Cargo has increased the number of destinations of its direct cargo operations to 95. As of September, the carrier incorporated Heathrow Airport (LHR) in London, one of the world’s busiest airports, Bangkok Suvarnabhumi (BKK), one of the largest airports in Southeast... more
A new option for Etihad pharma transports
Etihad Cargo, the cargo and logistics arm of the Abu Dhabi (UAE)-based Etihad Aviation Group, partners with CSafe Global, an US provider of active, passive parcel and cell and gene temperature-controlled container solutions, to introduce its latest container, the CSafe RAP,... more
K+N: less traffic, more profit
The Schindellegi (Switzerland)-headquartered Kuehne + Nagel Group stuck to profit instead of volumes in Q3/2020. While net turnover and ebit decreased over the first nine months of 2020 with CHF 14.8 billion (-5.7%) and CHF 790 million (-5.9%), ebitda with CHF 1.4 billion was... more
New short sea service to the Black Sea
Marseille (France)-based carrier CMA CGM will launch a short sea weekly service between Southern Turkey and the Black Sea. The East Med-Black Sea Express (EMBX), starting from Wednesday, 4 November 2020 from the Turkish port of Mersin, will be aiming to transport... more
Alibaba teams up with ZIM
The carrier ZIM and the Chinese online firm Alibaba.com have entered into a cooperation agreement for the direct purchase of sea freight, improving logistic services to the Alibaba.com platform sellers. Under the agreement, ZIM provides sea freight and services through a direct... more
MSC bridged the gap first
The Swiss MSC Mediterranean Shipping Company has discharged cargo originating in the United Arab Emirates in Israel for the first time since the mid-September agreement to normalise relations between the two countries. The container ship MSC "Paris”, operating on MSC’s... more
ZIM replaces chairman of the board of directors
ZIM Integrated Shipping Services has appointed Yair Seroussi as chairman of the board of directors. His nomination was approved in a shareholders meeting. He succeeds Aharon Fogel, who is stepping down from his role, after more than six years in office. Seroussi gained his... more