dnata increases share in freight forwarding partners

Posted By Tony Sanchez / Logistics Company / 0 Comments

February 6, 2019 dnata has strengthened its position in the UAE and international freight forwarding industry by increasing its ownership in two of its joint venture companies. It has purchased a 50% stake in Dubai Express, Freightworks and a 25.5% stake in Bollore Logistics UAE from Kanoo Group. As a result of the transaction, dnata […]

IATA: 3.5% growth in 2018 despite demand softening

Posted By Tony Sanchez / Cargo News / 0 Comments

February 6, 2019 The global airfreight market grew by 3.5% in 2018 despite softening demand resulting in a fall in December, according to the International Air Transport Association (IATA). The growth in freight tonne kilometers was significantly lower than 2017, when it was 9.7%, with performance being sealed with a fall of 0.5% in December, […]

Tough Market Conditions Force Team Lines to Close Its Doors

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 6, 2019 Hamburg-based container feeder operator Team Lines said it would discontinue all business operations as of February 11, 2019. The company opted for the move on the basis of deteriorating market conditions in Northern Europe over the recent years, combined with the ongoing consolidation process in the maritime sector which makes a continuation […]

Diana Shipping Extends Charter with Phaethon International

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 6, 2019 Greek dry bulk shipowner Diana Shipping has, through a wholly-owned subsidiary, entered into a time charter contract with Phaethon International Company. The deal was agreed for one of the company‚Äôs Panamax dry bulk vessels, the 2001-built m/v Danae. The 75,106 dwt vessel, which started the charter on February 5, was hired at […]