Situation in Red Sea has a limited impact on food exports so far, says FAO
ROME, ITALY – The situation in the Red Sea has not yet been reflected in the pace of prices for foods monthly reflected in the FAO Food Price Index, Monika Tothova, the economist at the Food and Agriculture Organization of the United Nations (FAO) said. “Following on its 2023 and...
Air cargo demand rebounds in 2023 amid economic uncertainty
Geneva, Switzerland-- Air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties, according to new data for global air-freight market released by the International Air Transport Association (IATA). As per the new data full-year demand reached a level just slightly below 2022 and 2019....
AD Ports Logistics signs deal with Acino for freight services
Abu Dhabi, UAE-- AD Ports Logistics (ADPL) has signed an agreement with Acino to provide the Swiss company with global freight-forwarding services, inclusive of sea and air transport in the Middle East and North Africa (MENA) region. The agreement will see ADPL leverage its fully integrated and GDP-certified end-to-end pharma...
Dubai Airshow 2023 to show off latest trends in aerial mobility
Dubai, UAE-- Dubai Airshow 2023 will show off the latest trends in the advanced aerial mobility (AAM) market as disruptive methods of aerial transportation are becoming the future of aviation. Set to take place from 13-17 November 2023 at Dubai World Central, Dubai Airshow Site, the show will give a...
Maersk Q1 profit dips
Its turnover fell by 36.6 percent to $9.9 in the Ocean division.
Lego to gain market share
Excluding currency effects, the sales gain was 11 percent.
Mawani announces new freight service at King Abdulaziz Port
Riyadh, Saudi Arabia---Saudi Arabia’s General Authority for Ports (Mawani) Sunday announced a new freight service, at the King Abdulaziz Port in Dammam in cooperation with the Saudi International Ports Company. The service connects King Abdulaziz Port with six major regional and international ports: Qingdao, Shanghai, Ningbo, Nansha, Jebel Ali and...
Jordan PM meets Iraqi, Syrian, Lebanese agriculture ministers
Jordan Prime Minister Dr. Bisher Khasawneh has a joint meeting with the agriculture ministers of Iraq, Syria and Lebanon.
Mubadala to buy Canada Cartage
Canada Cartage provides national fleet solutions.
Al Seer targets 2-3m tons cargo
ASM manages 5 dry bulk and general cargo ships.
Lufthansa cuts Q1 losses
German carrier set its sights on a record summer for traffic.
Etihad Cargo revenue grows 49 percent
The company recorded 27 percent YOY rise in freight carried.
QAIA saw passenger traffic grow 161% in January
Passenger and aircraft movement and air cargo traffic at QAIA remained far lower than pre-pandemic levels.
Agthia Group revenue up 49 percent
The company posted a net profit of $58.81 million in 2021.
UAE Railways Program: Country’s largest integrated transportation system launched
The UAE government on Sunday announced the launch of the UAE Railways Programme, the largest integrated system for transporting goods and passengers across the country. The program was announced in the presence of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and Sheikh Mohamed...
Why are global freight rates so high?
As the world looks to pare inflation, it is facing headwinds from the high freight rates currently prevalent all across the globe.
High freight costs push world food import bill to record high
The global food trade should hit a record high in both volume and value, according to a new report by the UN Food and Agriculture Organization (FAO). By the end of 2021, the global food import bill should extend beyond $1.75 trillion, marking a 14 percent increase from the previous...
DP World launches digital platform CARGOES Logistics
The platform is apparently aimed to address complexities and inefficiencies that exist in global supply chains.
Retail coffee prices rise as frost hits Brazil produce, freight costs go up
Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months
Birla Carbon to raise rates in Europe, Middle East markets
Hike to compensate additional costs in freight, logistics The company plans more measures to address CO2 emission costs Birla Carbon, a supplier of carbon black, is set to increase the price for all its products made in Europe, Middle East and Africa (EMEA) region by euro 97/MT starting from June...