AD Ports to invest in Africa 
Abu Dhabi’s AD Ports Group recently inked a collaboration agreement with the Africa Finance Corporation (AFC), a major African multilateral development institution. The agreement provides the basis for the two organisations to join forces on identifying, financing, developing... more
Is it a price war - or is it competition?
According to a market forecast made by Container X Change, an online platform for container logistics, “the probability of an all-out price war in 2023 is high," as CEO Christian Roeloffs put it. After the times of scarce capacities and exceptionally high container rates,... more
Iata – cargo volumes to stay above pre-covid levels
The International Air Transport Association (Iata) expects that next year, airlines will collectively post a small net profit of USD 4.7 billion – a 0.6% net profit margin. This would be the first profit since 2019, when industry net profits were USD 26.4 billion (3.1% net... more
2,000 e-vans for last-mile deliveries
Ford Pro and the Deutsche Post DHL Group recently signed a memorandum of understanding to accelerate the deployment of electrified vans used for logistics operations worldwide. Underscoring the planned collaboration, Ford Pro will equip the Deutsche Post DHL Group with more than... more
Etihad to start connecting China and India
Etihad Cargo reinstated a twice-weekly freighter service from Shanghai to Abu Dhabi, via Chennai, today, 8 December. With the additional freighter service the cargo and logistics arm of the Etihad Aviation Group provides additional capacity to two key global markets. Martin... more
Money (no longer) talks
The Copenhagen-based maritime consultancy Sea-Intelligence has taken a closer look at the financial results of major shipping lines in recent times. The first rank of carriers can look back on USD 124 billion in operating profits in 2021. In the first three quarters of 2022 the... more
Inland service for imports into Oman and Yemen
Maersk and the Omani port of Salalah are launching a new truck service to the Al-Mazyouna free zone in Oman. Designed to facilitate inland services, the new offer includes secure customs clearances and bonded trucking between Salalah and the Al-Mazyouna free zone under carrier... more
GAC promotes Fredriksson to top echelons
The GAC Group, a shipping, logistics and marine services provider, has appointed Pontus Fredriksson (on the right) as its new group president, with effect from 1 January 2023. Bengt Ekstrand (on the left), who held the position for the last ten years, will take on the role of... more
Is the trade tide turning?
In an analysis for the G20 countries, based on figures provided by the Organisation for Economic Cooperation and Development (OECD), Flexport has reported a 1.1% decline in imports and a 1.3% decline in exports in the third quarter of this year. The G20 group accounts for about... more
World ACD: Air cargo rates finally stabilise
Global air cargo tonnages have continued to slide downwards in November, normally a buoyant month in the air freight calendar, with a further steep decline in week 47 (21 to 27 November) led by falling volumes to and from North America (-20%). The decrease in chargeable... more