Israeli container shipping company ZIM reaped the fruits of the market recovery and returned to the black in the third quarter of 2017 posting a net profit of USD 25.2 million.

Israeli container shipping company ZIM reaped the fruits of the market recovery and returned to the black in the third quarter of 2017 posting a net profit of USD 25.2 million.
Greece-based dry bulk shipping firm Star Bulk Carriers managed to cut its net loss for the quarter ended September 30 to USD 7.4 million from a net loss of USD 39.4 million seen in the same period in 2016.
Lufthansa Cargo and Fraport Ground Services have signed a contract to extend their ground handling deal at Frankfurt Airport.
Greek container shipping company Diana Containerships has managed to trim its USD 126.8 million net loss reported in the third quarter of 2016, reducing it to USD 8.7 million in the third quarter of this year.
Six suspected pirates were detained following attacks on a 52,000 tonne containership and a fishing vessel, which reportedly took place on November 17 and 18 in the Southern Somali Basin.
India’s capital city, New Delhi, is to get a second international airport after the national government approved of construction of the hub, with an estimated cost of $1.6bn for the first phase.
With the completion of maintenance dredging of the Bayport channel,the Bayport Container Terminal in Texas is now capable of handling 45-foot draft vessels, according to the Port of Houston Authority.
Shipping giant A.P. Moller-Maersk (MAERSKb. CO), which handles one out of seven containers shipped globally, said the Petya cyber attack had caused outages at its computer systems across the world on Tuesday.
We’ve all heard about Howard Hughes’ “Spruce Goose” from the 1940s. We still see Antonov’s massive An-225 flying the skies today.
New Zealand’s Port of Tauranga is on track to become the first port in the country to transport more than one million containers across its wharves in a single year after posting strong half year results.
The Baltic Dry Index (BDI) fell to 994 points on Monday, May 15, down by 20 points, tumbling again below the 1,000 threshold.
Freighter airline Cargojet saw revenues increase during the first quarter of the year but income was down.
Champ Cargosystems has signed Linz Airport in Austria for its ‘out-of-the-box’ Cargospot Handling IT solution
Emirates SkyCargo has signed a memorandum of understanding with Luxembourg-based Cargolux for a strategic operational partnership
Customers of Coyne Airways and Air Charter Service are helping life-saving support from War Child UK get through to the children of Yemen
A new report says the Arctic may be ice-free by 2040. The Antarctic is also melting, albeit far slower, and in a less regular pattern. Why do the two poles react so differently in the face of climate change?