Analysts expect seafreight volumes to fall 
Copenhagen-based maritime analyst Sea-Intelligence sees reasons to assume that the demand-led spikes seen during the pandemic that propelled container shipping to record earnings might be over. Sea-Intelligence has gone over the numbers on supply and demand from February... more
HFW boosting its Middle Eastern practice
HFW, a leading global shipping and maritime law firm, has boosted its Middle Eastern practice by hiring shipping and offshore marine partners Robert Lawrence and Ian Chung.Collectively, they have more than 30 years of experience in the Middle East, and have joined HFW’s Dubai... more
A powerful fleet for the UAE
The UAE’s Etihad Rail has received the first batches of its new rolling stock. The locomotives and wagons, which reached the UAE via Zayed and Al Musaffah Ports, will operate in Etihad Rail’s entire network.The rail company will increase its fleet of heavy freight locomotives to... more
LNG links NYK to Qatar
NYK has inked a long-term time-charter contract with Qatar Energy, the monarchy’s state energy company, for seven LNG carriers. The new sister vessels will be equipped with an X-DF 2.1 iCER and air lubrication system, both of which will contribute to a reduction of GHG emissions... more
Air cargo tonnages and rates both declining
Global air cargo flown tonnages and prices continued their gradual decline in the first two weeks of August after volumes staged a brief and partial recovery in the second half of July, as the latest figures published by World ACD Market Data show. Looking at week 32... more
Europa Worldwide Group promotes Carlo Turner
Carlo Turner has been promoted to the new position of non-network and continent director at Europa Worldwide Group as part of the firm’s plans to reach new markets and expand its presence in Belgium. Turner currently manages a growing team of 47 staff, located in Belgium and... more
EFL Global celebrates 40th anniversary
Hanif Yusoof founded Expolanka Freight as a five-man team in a 27.9 sqm office in 1982. Commonly referred to as “Expo,” the Sri Lanka-based company aligned itself with global providers by offering flexible solutions with a personal touch. 40 years later, the supply chain and... more
ZIM: best half-year results so far 
The shipping group ZIM has published its consolidated results for Q2/2022. Volumes carried went down by 7% year-on-year to 856,000 teu (Q2/2021: 921,000 teu). H1/2020 saw 1.72 million teu handled compared to 1.74 million in H1/2021. The average freight rate per teu over the... more
Trane Technologies welcomes Dwayne Cowan
Trane Technologies, a global climate innovator, has appointed Dwayne Cowan as president of Thermo King Europe, Middle East and Africa (EMEA) and global marine, air and rail, effective 1 August 2022. Cowan most recently served as vice president of sales and service for Thermo... more
Agility also flourishing
In H1/2022, Kuwait-based Agility achieved a revenue of KD 270.5 million (USD 882 million), an uptick of 22.9%, and a net profit of KD 28.8 million (USD 94 million). Ebitda, which excludes the performance of the GIL business sold by Agility in 2021, increased by 21.5% to KD 71... more