Millions of tons of project cargo freight will be moving soon as energy projects, including Qatar’s massive LNG facility, gather steam, logistics executives say.
Freightos is targeting the payment space for air forwarders by tying an integrated payment tool between forwarders and cargo airlines to its WebCargo booking and rating software.
Four of the top five ports in the Container Port Performance Index (CPPI) rankings for 2021 were in the Middle East, as widespread disruption challenged productivity at major gateways in North America, Asia, and Europe.
After reaching its maximum capacity last year, the Port of Salalah is looking to add roughly 1.5 million TEU of annual handling capacity through equipment purchases and a potential berth expansion.
Shippers and their service providers exiting the China-Europe rail route through Russia has slammed the brakes on a trade lane that expanded by almost 30 percent in 2021.
Analysts worry that a lack of long-term cargo growth in the Arabian Gulf could result in large amounts of unused capacity at the competing ports of Jebel Ali in Dubai and Khalifa in Abu Dhabi, United Arab Emirates.
Analysts agree ports in the Middle East have far more capacity than they need to service current volumes, but opinions are split as to whether demand will eventually catch up to capacity.
For China-Europe rail shippers, there are precious few alternatives to the northern corridor that passes through Russia and Belarus and handles almost all the volume moved on the land bridge.
The highly profitable container market benefited all shipping lines this year, but for Pacific International Lines it has enabled the debt-stricken carrier to pull back from the brink of bankruptcy.
While the “spillover” container market that is driving up MPV rates and creating a capacity shortage will eventually dissipate, in the longer term a low orderbook could mean a capacity shortage, analyst Drewry says.
A new routing through Jebel Ali builds on a string of additional capacity deployments by foreign mainliners active out of Indian trades, with the US route being the most sought-after bet.