K+N opens Central Asia offices for O&G market

With the rise in demand for oil and gas (O&G) exploration in the Central Asian region, Kuehne + Nagel (K+N) has opened two new offices in Baku, Azerbaijan, and Almaty, Kazakhstan. The Swiss logistics giant has shown recent interest in the two Commonwealth of Independent States (CIS) countries, which have each shown annual GDP growth […]

Antonov Airlines, Chapman Freeborn move 85-tonne oil-capping stack

Antonov Airlines and United Kingdom-based charter service Chapman Freeborn teamed up to successfully move a capping stack – an 85-tonne piece of equipment used in the event of an oil spill – in a single trip by air for the first time. The trip was made on behalf of Chapman Freeborn’s client, Oil Spill Response […]

K+N to manage supply chain for Malaysian oil-and-gas company Petronas

In a move that could have long-term air cargo repercussions, Switzerland-based forwarder Kuehne + Nagel has signed a three-year contract with Malaysia’s government-owned oil-and-gas organization Petronas to manage its supply chain from end-to-end. Under the deal, K+N will handle such duties as freight forwarding services, logistics management and warehouse operations. The partnership will utilize K+N’s […]

Brazil’s Rio Galeão Airport sees major growth in first half of 2018

Brazilian hub Rio de Janeiro-Galeão International Airport (GIG) has reported a 41 percent increase in its cargo handle to 46,500 tonnes for the first half of 2018, compared to the same period last year, as economies in Latin America begin to show signs of resuscitating following a long period of economic slump. The total weight […]

Changes in Latitude: Latin America’s economy reverses years of cargo stagnation

Ten pallets of papayas are sitting in an industrial-sized refrigerator in one of the cool-chain facilities at Rio de Janeiro-Galeão International Airport (GIG), awaiting the green light from customs to be loaded onto the belly of a Los Angeles-bound widebody. Upon arrival in LAX, the prized fruits will be offloaded and transferred to another aircraft, […]

Emirates increases frequency between Dubai, Angola

Emirates Airlines has added two weekly flights between Dubai and Luanda, the capital of Angola, increasing its service between the two destinations to five times per week, starting July 1, and then ramping up to daily service, starting in winter. The carrier will employ a 777-300ER aircraft on the route, which will provide 23 tonnes […]

Cause for Libyan C-130 cargo plane crash not yet found

As the investigation of yesterday’s deadly crash of a C-130 cargo plane continues in Libya, officials from the National Oil Corporation (NOC) said no cause has yet been determined. The crash killed the two pilots, plus a third crew member, while a fourth member of the crew was hospitalized in Tripoli with injuries. The military […]

Panalpina scores five-year Iraqi gas project contract

After several years of enduring a slump in oil-and-gas-related cargo, Swiss logistics company Panalpina was awarded a long-term contract by an undisclosed company to manage transportation and logistics for a gas project in Iraq. The contract will run for at least five years and involve 1,800 40-foot equivalent units (FEUs) of less-than-container load oceanfreight as […]

Panalpina sees small profit amid 2015’s soft market

Although global freight forwarder and logistics company Panalpina suffered a drop in revenue, from $6.73 billion to US$5.88 billion in 2015, the Swiss company’s EBIT moved edged up from $117.1 billion to $117.6 billion at the close of last year, while net profit rose slightly to $88.5 billion from $86.79 billion in 2014. These results […]

Panalpina sees Q3 volumes fall in ‘soft’ market

Citing a “soft market” for airfreight in the third quarter, Swiss forwarding giant Panalpina reported lackluster Q3 results. The company also said the Swiss franc’s stronger performance against the euro and continued weakness in the oil, gas and automotive markets contributed to its decline. Net income for Panalpina was US$25 million, a 4.7 percent drop, […]

Priming the Pump: Surviving volatility in the oil and gas market

A 70-tonne piece of energy equipment had to be sent by air to the inland city of Erbil, Iraq, from Bakersfield, U.S., in February. Many thought it couldn’t be done due to the sheer length and size of the cargo, and the fact that it had to be transported in one piece. Ruslan International, a […]