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
Saudia Cargo: over 1,500 cargo flights in 100 days
Saudia Cargo has operated more than 1,500 flights since the Covid-19 restrictions came into effect in March. 500 of these flights were operated using passenger aircraft deployed for international air cargo. From March through June, Saudia Cargo transported around 75,000 t of... more
More ULCV, more handling troubles
The recently published tenth WPSP-IAPH Covid19 port economic impact barometer gives a first indication of the development of container handling in ports located in countries where lockdown restrictions are being eased. The report is based on the figures of ninety ports... more
First steps towards a structural recovery
As PPE volumes faded, global air cargo volumes in June provided the first real indicators of a structural recovery. The industry seems to be ‘slowly getting back up on its feet’ as volumes in the first four weeks climbed 6% versus the full four weeks of May. Latest air cargo... more