DP World: robust growth in H1/2023 
DP World’s financial results for the first half of 2023 show robust growth, with a 13.9% increase in revenue to USD 9.0 billion and a 7.0% rise in adjusted ebitda to USD 2.6 billion, reflecting a 28.9% adjusted ebitda margin. The growth is driven by a full consolidation of... more
Mycrane strengthens USA sales team
Online crane rental platform Mycrane has appointed three experienced sales professionals to bolster its team in USA. The new recruits are Jason Travis (right) – vice president USA division Southwest (based in Houston, Texas); Robert Baty (middle) - vice president USA... more
ZIM navigates challenges in Q2/2023
ZIM Integrated Shipping Services reports Q2/2023 financial results, revealing USD 1.3 billion in revenues, a net loss of USD 213 million, and adjusted ebitda of USD 275 million. Amid challenging container shipping market conditions, Q2 showed reduced earnings and an 87%... more
AD Ports Group: growth in Q2/2023
AD Ports Group reported a significant 66% YoY revenue increase in Q2/2023, reaching AED 2.1 billion (USD 571 million). The result was driven by a good performance in maritime, ports, and digital clusters, alongside acquisitions. Adjusted for acquisitions, revenue grew by 44%... more
Thessaloniki and Ashdod bond
The Port Authority of Thessaloniki and Ashdod Port Company, Israel, have inked a new agreement. The new cooperation focuses on innovation, with a particular emphasis on cybersecurity and operational efficiency. At the same time, both parties are planning joint initiatives to... more
Not in cloud cuckoo land 
Mohanned Badri, Saudia Cargo’s vice-president for operational performance. The latest figures portend a great future for Saudia Cargo. At Air Cargo Europe, Mohanned Badri, who’s been at home in the airfreight industry for 21 years, told ITJ editor Andreas Haug about the... more
Everything from a single source
DP World – transforming itself from a terminal and port operator to a supply chain architect. The trend towards being able to offer as many services as possible can be seen in almost every large transport and logistics company worldwide today. The practical implementation of... more
Iata data show weak market conditions
The international air transport association (Iata) released its data survey on global air cargo markets for May 2023, showing weak market conditions. Global demand, measured in cargo tonne-kilometres (ctk), fell 5.2% compared to May 2022 (-6.0% for international operations).... more
Shipping line launches express rail shuttle
At the beginning of July, CMA CGM introduced the Duisburg express rail shuttle as an expansion of its intermodal services. The new train connects Duisburg in Germany’s Ruhr region with Rotterdam in the Netherlands. Taking one day to complete the journey, the shuttle runs... more
CMA CGM starts "NC Levant"
France-based CMA CGM is launching its new offering "NC Levant". Starting next Monday, 10 July 2023, in Salerno (Italy), the service is intended to improve reliability and performance on the following rotation: Felixstowe (Great Britain), Hamburg (Germany),... more