Air cargo demand: all time high in March 
Yesterday, 4 May 2021, on the first day of this year's (virtual) Air Cargo Europe conference, Iata released March 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-Covid levels (March 2019) with an increase of 4.4%. In March,... more
ONE takes great leap in 2020
In 2020, Singapore-headquartered Ocean Network Express (ONE) generated a turnover of USD 14.4 billion, which is a significant 21.3% above the level of FY/2019 (USD 11,9 billion). Profit saw a peak with USD 3.5 billion, a multiple of the profit in the previous year (USD 105... more
Gefco 's air & sea wins in 2020
It is the pandemic paradox again. In 2020, Gefco experienced a 19.7% fall in revenues due to disruptions in customers’ businesses around the world, but maintained a 3.7% ebit margin, (4.3% in 2019). In total, Gefco's revenues in 2020 amounted to EUR 3.8 billion, a 19.7% decrease... more
Far East-UK traffic particularly hit
By the end of 2020, the cost of shipping goods from China to Northern Europe - one of the major trade routes - had quadrupled from levels at the start of the year. “The container crisis is increasing the pressure on British retailers and manufacturers at a time when... more
China-Europe-Rail benefits from Suez crisis
With increasing volumes of cargo carried on its LCL and FCL railfreight services between China and Europe, U-Freight Group says that the recent problems in the Suez Canal have made rail transport on this axis look all the more attractive. Clearly, supply chain planners are... more
Container flows on a stable high
The Container Throughput Index published by RWI - Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) shows a slight, seasonally adjusted increase from (revised) 121.4 to 122.6 in March. Overall, the indicator has thus been moving... more
22 newbuilds for CMA CGM
Just like a number of other carriers, Marseilles-headquartered CMA CGM Group is ordering container vessels of three different sizes. Evergreen recently placed an order for 20 units, now the French group has contracted the China State Shipbuilding Corporation (CSSC) for 22... more
A first for Gameco
Last week, a delivery ceremony was held at Guangzhou-based Gameco to celebrate the first 737-800 Boeing converted freighter (BCF) completed for Bocomm Leasing and China Postal Airlines. It also marked the first time that the Chinese aerospace company has completed freighter... more
Kate Kim to rule P&I Britannia in Korea
Britannia P&I has appointed Kate Kim as B Korea’s general manager, where her key focus will be to build and further strengthen member relationships. She will be joining a few months after B Korea was formally launched as Britannia P&I’s exclusive correspondent in the... more
Qatar Airways Cargo deploys emergency convoy
Today, 3 May 2021, 300 t of aid from around the world are consolidated and transported in a three-flight cargo aircraft convoy from Doha directly to destinations in India where it is most needed. As part of the "WeQare" initiative, Qatar Airways is supporting... more