The fall-out of skipping ports 
"Lost capacity" is the key issue. The MDS Transmodal (MDST) research, commissioned by Global Shippers Forum (GSF), recently measured the total number of container ship slots that were expected to be available at the port but did not materialise because either the port... more
DHL and Singapore Airlines expand partnership
International express service provider DHL Express, has entered into a crew and maintenance agreement (CM) with Singapore Airlines (SIA) to deploy five Boeing 777 freighters. Based at Singapore's Changi Airport and serving DHL's South Asia hub there, the freighters, which... more
Thai ports benefited in 2021
The state-run Port Authority of Thailand (PAT) has reported its annual figures for 2021. It generated revenues of THB 15.6 billion (USD 508 million) last year, a rise of 6% compared to 2020. The year's profit amounted to THB 6.2 billion (USD 202 million). Of the total revenues... more
For more capacity in Manila
Philippines-based International Container Terminal Services (ICTSI) is building a new berth in its flagship Manila International Container Terminal (MICT). The construction of the new berth, which will be done in two phases, will allow MICT to handle ULCV that can carry up to... more
Hainan Airlines: ramp handling contract with WFS
Hainan Airlines has added a new ramp handling contract to its longstanding cargo handling partnership with Worldwide Flight Services at Seattle-Tacoma International Airport. The Chinese airline, which has been a customer of WFS in Seattle for cargo handling since 2013, has... more
Call for urgent action to cap fuel prices
Global oil prices, reaching their highest level since 2008 this week, are set to climb even higher amid continuing instability and sanctions related to the Ukraine crisis, the International Road Transport Union (IRU) anticipates. The organisation now calls for urgent... more
Diesel pricing in frenzy
According to data published by maritime intelligence provider Vessels Value, the price for diesel continues to rise. Since the outbreak of the war in Europe on 26 February 2022, the MR Atlantic Basket (an average of freight rates on key routes in the Atlantic Basin) climbed... more
Tiaca welcomes six new members
The trustees of the International Air Cargo Association (Tiaca) have elected six new members to serve on the board of directors. The new board members, all industry veterans from the airport, airline and handling sectors, are: Kai Domscheit, CEO of CHI Deutschland Cargo... more
Deutsche Post DHL group is in heaven
In 2021, Deutsche Post DHL Group generated revenues of EUR 81.7 billion, an uptick of 22.5% compared to 2020. Earnings almost doubled to EUR 8.0 billion (2020: EUR 4.8 billion) and the ebit margin increased to 9.8% (2020: 7.3%). Consolidated net profit after deduction of... more
Tidewater expands offshore services
Banyan Overseas, a subsidiary of Hong Kong-based Swire Pacific, has entered into a sale and purchase agreement with Tidewater, a company listed on the New York stock exchange. The subject of the deal is the sale of 100% of interest in Swire Pacific Offshore. The transaction... more