Middle East – Page 33
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Agility profits up, while cargo continues falling
GLOBAL forwarder Agility's net profits climbed to KD12.9m (US$45.55m) in the second quarter of this year, an increase of 12 per cent on the same period last year, writes Thelma Etim, deputy editor.For the first half of 2014, the Kuwait-based company achieved a net profit of KD24.1 million ($85m) –up ...
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Abu Dhabi cargo hike
CARGO traffic at Abu Dhabi International Airport enjoyed a 5.7 per cent increase in July, writes Thelma Etim, deputy editor.The facility handled 67,456 tonnes in comparison with 63,794 during the same month in 2013.Year-to-date air cargo volumes also rose by 14.3 per cent to 445,341 tonnes compared with 389,531 recorded ...
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Kerry Logistics boosts network
Asia-based Kerry Logistics has bought a controlling stake in Dubai’s Able Logistics Group and a majority stake in the sea and air arms of Canada’s Total Logistics Partner (TLP).Able Logistics is an international freight forwarder with offices across UAE, Saudi Arabia, Oman and China.Total Logistics Partner Ocean Consolidators and Total ...
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Dubai World Central’s (DWC) US$32bn airport
CARGO business is projected to soar at Al Maktoum International Airport- Dubai World Central (DWC) in the 2020s, after the completion of an AED120bn (US$ 32bn) expansion project, writes Thelma Etim, deputy editor.The ambitious 56-sq-km development, fully endorsed by Sheikh Mohammed bin Rashid Al Maktoum, vice-president and Prime Minister of ...
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Dubai (DXB) cargo uptick
DUBAI International Airport’s cargo volumes rebounded by 4.3 per cent to 192,902 tonnes in August, compared with 184,877 in the same month in 2013, writes Thelma Etim, deputy editor.The upswing came after the hub returned to full operational capacity in August following a runway upgrade project that reduced the airport ...
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Agility appoints Esa as coo for Europe
Logistics provider Agility has appointed Mohammed Esa as chief commercial officer (COO) for Europe, assuming responsibility for all commercial activities, including sales, marketing and product management.“With his background in emerging markets and experience in operations, sales, and marketing, Esa brings insight and expertise that will be invaluable in his new ...
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Agility shows growth
GLOBAL forwarder Agility's third quarter revenues were KD337m, a three per cent increase from the same period a year earlier, with a profit rise of seven per cent to KD13m.For the first nine months of 2014, the Kuwait-based global logistics operator reported a net profit of KD37.1m, an increase of ...
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Dubai aviation's big bucks for the local economy
Dubai’s aviation sector contributed $26.7bn to the local economy in 2013, almost 27% of the emirate's GDP.A report by global research firm Oxford Economics found that Emirates airline, Dubai Airports and the aviation sector as a whole supported a total of 416,500 jobs, accounting for 21% of total employment.The objective ...
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Thumbs up for Emirates' all-in freight rates
Shippers and forwarders have welcomed Emirates SkyCargo’s move to introduce an all-inclusive freight rate that does away with separate pricing components based on weight/volume plus fuel and security surcharges.“It is the best start to 2015 that I could imagine,” said Joost van Doesburg, airfreight policy manager with the European Shippers’ ...
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Dubai International cargo down as freighters switch hubs
Freight volumes at Dubai International (DXB) fell 3.1 per cent in 2014 over prior year to 2.36m tonnes, due to the shift of freighter operators to Al Maktoum International at Dubai World Central (DWC) earlier this year.December’s freight volumes at DXB decreased by seven per cent to 203,000 tonnes.Did you ...
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DWC passes 750,000 tonnes in first full year
Airfreight volumes at Dubai World Central (DWC) reached 758,000 tonnes in 2014 compared with 209,000 tonnes in 2013, following the shift of freighter aircraft operators from the older Dubai International airport (DXB).Owner Dubai Airports added that the new UAE gateway also registered robust growth in the 2014 fourth quarter, with ...
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Freighter exit affects DBX cargo tonnages
Freight volumes at Dubai International (DBX) continued an expected downward trend in January, falling 5.5 per cent to 186,230 tonnes compared with like month in January 2014.The reduction follows the shift of freighter operations to the UAE's Al Maktoum International at Dubai World Central from May last year.DBX began 2015 ...
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Saudi freight blooms as Kenya trade flowers
Heightened seasonal demand for Kenyan flowers will see Saudia Cargo boost its freighter capacity from Nairobi to Amsterdam during February by at least six additional B747F flights.The 25 per cent boost on the Africa to Europe route equates to an extra 3,000 tons for the month, supplementing the Middle East ...
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Etihad: Expanding on all fronts
To talk to Etihad is to be taken back to the golden age of air cargo - a time of double digit growth, expanding freighter fleets and new belly cargo routes. Once, all air cargo was like this.Full year figures were not yet published at time of writing, but based ...
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India's Jet Airways to wet-lease Etihad freighter
India’s Jet Airways is to launch dedicated freighter operations using an A330-200F aircraft wet-leased from its strategic-partner, Etihad Airways.Subject to regulatory approvals, the aircraft will fly from an operating base in New Delhi from April 2015 to a number of international and domestic destinations, including Bangalore, Hong Kong, Hanoi and ...
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Rising space keeps loads factors down
Freight and passenger loads fell in January compared to December, reflecting the fall in volumes and continued growth in international market capacity, said IATA in its latest Airlines Financial Monitor for January-February.Airfreight capacity increased slightly in January, but more moderately than at the end of 2014. Most of the slowdown ...
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TNT launches Tel Aviv freighter links
TNT has launched a Monday to Friday B737-400F service between Israeli capital Tel Aviv and the express operator's European hub in Liege, Belgium.The new service "answers increasing demand" and allows TNT to shorten transit times for express shipments to and from Tel Aviv by one day.The flight arrives in Tel ...
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Cargolux links up with Oman Air
Oman Air has signed a Letter of Intent with Cargolux that enables the European all-cargo carrier to use the Middle East airline's facilities in Muscat, Salalah and Sohar.The agreement includes the launch, on April 15, of Cargolux full freighter services from Luxembourg to India via Oman. The formal signing of ...
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WCS: IATA sets out three priorities for air cargo
IATA has called for further progress on paperless airfreight, global standards for handling pharma goods and tough action on the transport of lithium batteries.Tony Tyler, IATA’s director general and chief executive, highlighted “three vital aspects of the air cargo business” during his keynote speech at the association’s World Cargo Symposium ...
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IATA: overcapacity on the up, yields declining
IATA has warned that air cargo’s financial performance “remains poor and does not deliver adequate returns for investors”.The airline association’s 2015 first quarter Cargo eChartbook, while seeing continued positive demand for airfreight commodities, states that overcapacity has resulted in lower load factors and placed downward pressure on yields.Lower jet fuel ...