ZIM's new outlook on 2022 
For the Haifa-headquartered shipping company ZIM, business in Q1/2022 continued the previous year's trend. Unlike some other carriers, ZIM was able to grow its volumes by 5% compared to Q1/2021. The company's adjusted ebitda amounted to USD, 2.5 billion, while net profit reached... more
WCI on a stable high
Drewry's World Container Index moved sidewards (-0.1%) this week, maintaining the level of USD 7,648.18 per feu. A comparison with the same period in 2021 shows the difference. The WCI is 24.7% higher than the same week in 2021. In detail, freight rates on Los Angeles –... more
13 million boxes too much?
The transport time is the secret. The Copenhagen-based maritime consultancy Sea-Intelligence recently analysed the data provided by Hapag-Lloyd, looking at the development in both the size of the equipment fleet as well as the number of transported containers over the past... more
UAE strengthening ties with Spain and UK
Etihad Rail has signed MoUs with Spain’s national railway operator Renfe, UK’s first high-speed railway High Speed 1 and British rail freight operator GB Railfreight. The aim is to exchange knowledge, expertise, and best practices in freight and passenger rail services and rail... more
Maritime transition to new energies
The maritime transport sector is continuing its transition to new sources of energy for ship propulsion, according to data from the analyst Clarkson Research Services. Newbuilds are leading from the front. 63% of the GT tonnage ordered in 2022 belongs to ships that can be... more
Dnata boosts Erbil operations
Global air and travel services provider Dnata is expanding its operations in Erbil, Iraq. The company has opened a new, advanced cool chain facility and a bus maintenance facility at Erbil International Airport (EBL), which together represent a total investment of USD 3.5... more
Corrigendum - Fiata calls for a turn of the tide on the seas
The FIATA HQ Meeting in Geneva, one of the annual gatherings of the global organisation’s 40,000 freight forwarders, is addressing one of the palpitant challenges, the vertical integration of the industry – by the carriers. President Ivan Petrov spoke of the “drastic misuse... more
Aramex's optimisation pays off
In Q1/2022, Aramex saw a rise in activities while cutting costs at the same time. Revenues went up by 2% to AED 1.45 billion (USD 390 million), especially pushed by the logistics & freight-forwarding business. Improving operational efficiencies and cost, by the... more
Agility stable with broadened portfolio
Agility, which is still receiving earnings from discontinued operations with the recently-sold GIL department, moved sidewards with its profits in Q1/2022. While revenues grew by 22.3% to KD 132.1 million (USD 430.2 million) compared to the same period last year, whereas... more
Strong recovery for Emirates Skycargo
As the 2021-22 results show, Emirates Skycargo contributed to 40% of the airline’s total transport revenue in the second year of the pandemic. By 30 June 2021, the carrier had restored services to over 90% of its pre-pandemic network. In June 2021, it invested to scale up its... more