May 2023
AP Moller–Maersk (Maersk) reported a fall in revenue of 26% to US$14.2bn in the first quarter of 2023, in line with expectations. Continued destocking and easing of congestion implied lower volumes across all segments. EBITDA earnings decreased to $ 4.0bn from $9.1bn, and EBIT to $2.3bn from $ 7.3bn. The full-year guidance remains unchanged, with Q1 expected to be the strongest quarter of the year.
Ocean revenue decreased by $5.7bn ...
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The Globalia Logistics Network of freight forwarders has broken the 200 barrier, with 209 members representing 133 countries. It was founded in 2017 with 50 members and has steadily increased its coverage since then. President and founder, Antonio Torres, said: “Globalia was created six years back with the express objective ...
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Virgin Atlantic Cargo has launched myVS, an expansion of its digital platform, which enables customers to quote, book, manage, and track their cargo shipments online. It is part of the airline’s overall digitisation program and will initially be launching in the UK and South Africa, for General, Pharma, and Fresh ...
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UK all-freighter airline Cargo First has launched a service between its Bournemouth Airport based and Chengdu Shuangliu International in China, in partnership with Shenzhen Sharing Express Logistic-Tech.
The new service is operated by European Cargo A-340 wide-bodied freighters, with a capacity of 70 tonnes.
Initially, there are three flights per week, with ...
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CEVA Logistics has signed a 10-year lease with its parent company, CMA CGM to operate four Eastern Pacific Shipping LNG dual-fuel hybrid deep-sea vessels. They will move around 140,000 vehicles annually between global markets, especially China and Europe.
The ships are currently under construction by China Merchants Jinling Shipyard (Weihai), with ...
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AAL Shipping has released a short film of the first of its mega size 32,000 deadweight (DWT) Super B-Class heavy lift vessels, due to take place next year.
The AAL Limassol is described as the most advanced in the multipurpose cargo sector.
It can accommodate over 42,000 CBM of cargo on a ...
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International food and drink group Princes has established new partnerships with XPO Logistics and Knowles Transport for stock handling and shunting in the UK.
Knowles Transport will provide stock management solutions at the Group’s warehouses in Wisbech, Cambridgeshire, while XPO Logistics has been awarded the contract for Princes’ Bradford warehouse.
Princes’ two ...
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Hong Kong Air Cargo Industry Services (Hacis), the value-added logistics arm of Hong Kong Air Cargo Terminals Limited (Hactl), has opened a new Cool Zone climate-controlled facility to cater for increasing volumes of perishable and temperature-sensitive e-commerce traffic. Hacis’ new Cool Zone – located within its E-commerce Fulfilment Centre – ...
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Deutsche Post DHL Group achieved revenue of €20.9 billion in the first quarter of 2023 compared with €22.6 billion last year. At €1.6 billion, operating profit (EBIT) was 24.1% lower than in the prior-year quarter. As anticipated, the slowdown in global economic momentum was clearly noticeable in the first quarter.
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Malta Freeport Terminals has signed an agreement with the island state’s government to carry out its first terminal expansion in two decades.The project will extend the north quay of Terminal 2 by 176 metres and the west quay by 195m, allowing the port to handle the largest containerships of around ...
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