South Africa: Imperial sells its shares 
Dubai-based ports and shipping operator DP World is planning to take over the Imperial Group in South Africa. According to press releases, the parties entered into a transaction implementation agreement including a cash offer of ZAR 66 (USD 4.60) per share. Counting all... more
Emiratis hand over leadership
The Etihad aviation group sold its 40% holding in Air Seychelles to the government in April. Since it is no longer a shareholder in the now state-owned airline, the mandates of the CEO and the CFO employed by Etihad Airways ended on 30 June 2021. Thus, Sandy Benoiton (photo)... more
Racing to Kenya
Magma Aviation, a UK-based Chapman Freeborn company with a focus on air cargo services between Europe and Africa as well as North America, flew an array of rally vehicles and parts from Liege to Nairobi for the WRC Kenya Rally which took place at the end of... more
DHL in the land of plenty
Deutsche Post DHL Group (DPW) has reported its preliminary results for Q2/2021 and raised its outlook for the current financial year and for 2023. Operating profit (ebit) more than doubled in the second quarter compared to the previous year and amounted to almost EUR 2.01... more
Schedule reliability: no surprises
According to the latest figures published by Copenhagen-based maritime consultancy Sea-Intelligence, big liners’ schedule reliability declined by -0.2 percentage points to 38.8% in May 2021. Compared to the same period last year, schedule reliability was down a drastic -36.0... more
Namibian to head Sara
Johny Smith, CEO of Transnamib, Namibia’s national rail services operator, since February 2018, has accepted the nomination to lead the Southern African Railways Association (Sara) as its president for the next twelve months. Sara is an association of railway companies and... more
Qatar Airways: more flights to Southern Africa
The capitals of Zambia and Zimbabwe will become the Qatar Airways' fifth and sixth new destination launched in Africa since the start of the pandemic. Starting in exactly one month's time, on 6 August 2021, the new service to Lusaka and onwards to Harare is scheduled to be... more
Another acquisition for DP World
It is the next coup in the logistics sector: DP World is purchasing all the shares of Syncreon for an enterprise value of USD 1.2 billion. Syncreon is a US global logistics provider that was formed in 2007 when Dublin-headquartered Walsh Western International bought TDS... more
Geodis builds next bridgehead in Morocco
France-based logistics provider Geodis recently inaugurated a new warehouse in Mohammedia, north of Casablanca, where it is already well-established. The facility will be used to serve a manufacturer of household appliances and telecommunications. The 11,000 sqm warehouse,... more
Fiata and ICHCA join forces
Fiata (International Federation of Freight Forwarders Associations) as global representation of freight forwarders and the International Cargo Handling Coordination Association (ICHCA) have renewed their memorandum of understanding (MoU) and thus reinforced the ties between the... more