IT issue continued to weigh on AF KLM Cargo results in Q2
Air France KLM Martinair Cargo (AFKLMP) recorded a decline in revenues in the second quarter of the year but is looking to build its presence in Asia to capitalise on growth in the market. The Franco-Dutch carrier group registered a 10% year-on-year decline in cargo revenues to €546m, while cargo tonnes were up 2.6% 218,000 […]
Changi keeps cargo volumes up with China and US demand
Singapore Changi Airport saw a healthy increase in second quarter air cargo volumes largely thanks to robust shipment flows with the US and China. The airport registered 485,000 tonnes of airfreight throughput from April to June. Changi Airport Group said throughput was up 16% on the same period last year. “Growth was registered across all […]
LATAM Cargo expands Miami-São José dos Campos cargo capacity
LATAM Cargo is expanding capacity on its freighter flights from Miami to São José dos Campos in response to rising volumes of electronic equipment. The carrier will add an extra weekly flight to its twice-weekly service between the two locations, with the flights running on Mondays, Wednesdays and Fridays. LATAM operates the service using one […]
Associated British Ports appoints new Chair
The Board of Associated British Ports (ABP), the UK’s largest port operator, has announced the appointment of Jonathan (Jon) Lewis as its Chair in succession to Dr Phil Nolan who has decided to stand down from the role. Lewis brings decades of business leadership experience in major infrastructure sectors such as energy, engineering and construction. […]
FMC rules shipments cannot be declined for commercial reasons, ignores box lines’ objections
Despite major container lines’ objections, the US Federal Maritime Commission (FMC) has decreed that liner operators cannot use “business decisions” to refuse to move containers already booked. As per the Ocean Shipping Reform Act (OSRA), the move aims to help US exporters who struggle to secure space for their shipments. The Biden administration passed the […]
Asyad Group acquires global freight forwarder
Asyad Group, Oman’s end-to-end global logistics provider, has acquired Skybridge Freight Solutions (SFS), a global freight forwarding company. This move is the group’s first international acquisition in core logistics activities and marks a strategic move to significantly expand Asyad’s footprint through active operations in key trade hubs and the major economies of China, India, the […]
Kuehne+Nagel eases back on cost cutting programme
Kuehne+Nagel has scaled back its cost-cutting programme as it responds to changing market conditions. The forwarder had originally estimated annual restructuring cost savings net of inflation of around CHF200m, but this has now been reduced to around CHF100m. Speaking on a conference call following its half-year results announcement, the forwarder’s chief financial officer Marcus Blanka […]
EFW ticks off another A330P2F for DHL
Elbe Flugzeugwerke (EFW) has completed conversion work on the 15th Airbus A330-300 passenger to freighter (P2F) aircraft for DHL. The German conversion company said in a LinkedIn post on July 25 that the widebody conversion freighter had left its site in Dresden, Germany to be transported elsewhere for painting. “After painting, the aircraft will be […]
TotalEnergies inks LNG bunker newbuilds in China
TotalEnergies is strengthening its LNG bunkering business with up to two newbuilds in China. The French energy major has contracted state-owned Hudong-Zhonghua Shipbuilding to build one firm 18,600 cu m vessel, with options secured for an additional unit. Several shipowners, including Avenir and Japan’s Mitsui OSK Lines (MOL), were in the run to secure the […]
EMA, MPA shortlist two consortia to study ammonia viability for power generation and bunkering
The Energy Market Authority (EMA) and the Maritime and Port Authority of Singapore (MPA) have shortlisted two consortia that will proceed to the next round of evaluations of proposals to provide a low- or zero-carbon ammonia solution on Jurong Island for power generation and bunkering. The two consortia were selected from a total of six […]