LEI and EFL Global merge
The supply chain and logistics provider EFL Global, which is headquartered in Sri Lanka, has acquired the Canadian family-owned logistics company Locher Evers International (LEI). The acquisition is effective immediately, and the company will operate as a subsidiary of EFL... more
AD Ports Group: more funds than expected
The AD Ports Group, a facilitator of global trade, logistics, and industry based in Abu Dhabi, has signed a general corporate facility agreement with a syndicate of thirteen regional and international banks. The funding amounted to 3.7 times more than what was foreseen by... more
Schedule reliability increases sharply
The maritime consultancy Sea-Intelligence reports that global schedule reliability in February 2023 reached 60.2% - an increase by 7.7 percentage points month-on-month. On a year-on-year level, schedule reliability was 26.0 percentage points higher. The average delay for... more
Covid-19: Emirates honoured by Ghana
Emirates received the Presidential Honour for Distinguished Service, at The Ghana National Honours Awards 2023 from President Nana Akufo-Addo for its role in providing medical supplies, humanitarian aid, and unstinting support to Ghana during the Covid-19 pandemic. The... more
Agility grows through acquisitions
Kuwait-based Agility had a strong 2022, which was marked by two major acquisitions. The group reported full-year 2022 earnings of KWD 68 million (EUR 205 million), an increase of 180.7% over the same period in 2021, excluding results from its global integrated logistics unit,... more
Iraq anchors its position as transit hub
The Republic of Iraq, at the crossroads of several trade routes in the Middle East, has become the 78th country to accede to the United Nations TIR Convention, the International Road Transport Union (IRU) reports. Iraq’s accession to the TIR Convention anchors its strategic role... more
Astral Aviation promotes Patricia Odida
Astral Aviation has appointed Patricia Odida as chief commercial officer (CCO), effective 1 April 2023. Her previous roles were head of cargo optimisation and pricing and revenue manager, in which she served with distinction for the last two years. Odida will assume her new... more
ACCC: interim authorisation for Qantas and Emirates
ACCC has granted interim authorisation to enable Qantas Airways, Emirates and their related entities to continue coordinating their passenger and cargo transport operations while ACCC assesses their substantive application for authorisation. Qantas and Emirates have an... more
Kadmar’s first green logistics park in Sokhna
The Kadmar International Group is building its first green logistics park in Sokhna Port, Egypt. The logistic park is the first ready-built warehouse to register for green certificate, providing further supply chain resiliency to businesses in Northern Africa. The project... more
First LNG bunkering operation in Jamaican waters
The successful bunkering of Zim's container vessel "Sammy Ofer" with liquefied natural gas (LNG) is a milestone operation: it was the first LNG bunkering operation in Jamaican waters. Rear Admiral Peter Brady, director-general at Maritime Authority of Jamaica... more