The Moody blues about the storm ahead 
The Copenhagen (Denmark)-based maritime consultant Sea-Intelligence and the global ratings agency Moody’s see gloomy times ahead for the industry. "The worst is yet to come," Sea-intelligence said, pointing at the estimated decline of 17 million teu this year on a... more
ZIM performs better in 2019
Haifa (Israel)-headquartered ZIM Shipping Integrated Services witnessed improved figures in the course of the full year of 2019. Back in the black, ZIM’s 2019 net profit was at USD 12.0 million in 2019 (adjusted, pre IFRS16), compared to an adjusted net loss of USD 44.6 million... more
Ports keep up services
The major ports worldwide are up and running in order to keep supply chains up. With Chinese ports returning to normal, US American ports being exempted from public bans, the notices of European ports spreading the news keep flowing in. Pars pro toto, just like Antwerp,... more
Etihad Cargo plans for summer season
The freighter network of Etihad Cargo, the logistics arm of Abu Dhabi-based Etihad Aviation Group, is growing and will also be expanded to capacity-constrained markets that are wrestling with decreased PAX operations or travel bans in light of the public health emergency caused... more
CMA CGM launches Jeddex
The routes Europe and Red Sea from/to Kenya and Somalia's strategic markets are again in the focus of CMA CGM. The Marseille (France)-headquartered unit is preparing to launch its Jeddex service. The deployment consists of four vessels of a 1,100 teu nominal capacity each.... more
Vessel crews in danger, says ISSA
Crewmembers of vessels could be the ones to suffer as ships find themselves unable to take on essential medical supplies and provisions as the extent of the Covid-19 (coronavirus) pandemic takes hold around the world, according to the International Shipsuppliers & Services... more
Air cargo plays essential role against Covid-19
Since the Covid-19 crisis began, air cargo has been a vital partner in delivering much-needed medicines, medical equipment (including spare parts/repair components), and in keeping global supply chains functioning for the most time-sensitive materials. This has been done through... more
Maritime volume contraction like in 2009?
The Copenhagen (Denmark)-based maritime consultancy Sea-Intelligence predicts a Corona-caused decline of shippers' demand similar to the aftermath of the global financial crises in 2008 and 2009: "This implies a potential volume loss of 10% equal to 17 million teu... more
DP World: organic growth and acquisitions
DP World looks back in joy on its results of 2019. Both organic growth and acquisitions led to a significant uptick in revenues to USD 7.69 billion (+36.1%). Adjusted ebitda increased by 17.7% while the profit of USD 1.33 billion stood for a rise of 4.6% in comparison to 2018.... more
Etihad Cargo launches mobile tracking app
Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has expanded its digital portfolio by launching the first version of its mobile application, offering customers the ability to gain real time access to information on-the-go. Building on the carrier’s website... more