Several carriers have planned general rate increases in multiple trade lanes in April and May, although any gains achieved could be temporary as overcapacity and sluggish global demand continues.
United Arab Emirates
15 Apr 2014
Sharply higher shipments to China and India helped Etihad Airways boost its freight traffic in the first quarter by 26 percent to an all-time high.
07 Apr 2014
U.S. containerized exports tumbled 9.0 percent year-over-year in February to 923,493 TEUs, the lowest monthly volume in 32 months, according to preliminary figures from PIERS, the Data Division of JOC Group. This 9.0 percent drop was also the steepest year-over-year decline since August 2009.
20 Mar 2014
DP World posted a 10.9 percent increase in net profit in 2013 as it focused on fast-growing emerging markets, but revenue and container volume declined on capacity constraints, asset disposals and tough market conditions.
17 Mar 2014
U.S. containerized exports slipped 1.2 percent year-over-year in January to 958,708 TEUs...
12 Mar 2014
Etihad Rail, the United Arab Emirates’ national railway network developer and operator, has signed a memorandum of understanding with Abu Dhabi Ports Co. for the development of an integrated bulk and container railway terminal facility at Khalifa Port.
05 Feb 2014
Middle East-based Simatech Shipping has announced the launch of a new container service connecting Vallarpadam Transshipment Terminal, India, with Jebel Ali, United Arab Emirates, starting this month.
05 Feb 2014
DP World handled nearly 55 million TEUs at its global terminals in 2013, down 1.9 percent from the previous year’s 56.1 million TEUs, due to the sale of a facility in Hong Kong.
30 Jan 2014
CMA CGM has announced the launch of a new direct service from the Middle East to Somalia.
20 Dec 2013
The International Air Transport Association has forecast that international freight volumes will jump 17 percent over the next five years.
17 Dec 2013
U.S. containerized exports jumped 9.1 percent year-over-year in October, to 1,070,902 20-foot-equivalent units, according to preliminary figures from PIERS, the Data Division of JOC Group. October containerized exports also rose 11.4 percent from September.