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
Changes at the helm of Rhenus Air & Ocean
Jan Harnisch (left) and Tobias König (right) have been named as the new global Co-CEOs for Rhenus Air & Ocean. Harnisch joined Rhenus as a business development manager in China in 2012 before moving to Singapore to take up the role of regional product ocean freight head... more
Qatar Airways augments Berlin services
The capital city of Germany, Berlin, is set to benefit from enhanced connectivity by Qatar Airways. The company will raise the number of Berlin services from daily to ten weekly flights, starting on 12 August 2022, and increase them to eleven weekly flights on 6 September 2022.... more
Chinese ports coming back
In June 2022, the container throughput index published by the RWI Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) grew to 126.1 points from 124.9 points (seasonally adjusted) the month before, according to the latest flash... more