Iumi's marine market trends 
The International Union of Marine Insurance (Iumi) recently presented its analysis of the latest marine insurance market trends for 2019. Marine underwriting premiums for 2019 were estimated to be USD 28.7 billion, which represents a 0.9% reduction from 2018. The global... more
SAL extends operations of customs security areas
As part of the MoU previously signed by the Saudi Customs and the National Industrial Development and Logistics Programme, Saudi Arabian Logistics (SAL), a member of the Saudi Arabian Airlines Corporation, has officially begun running the operations of customs security areas... more
One world, "ONE Source"
"With over 3,500 differently sized cargo handling facilities worldwide, the industry until now has lacked visibility on the capacities and services these facilities can offer. The need for greater transparency is even more critical in the current context," said Glyn... more
Analysing ship engines digitally
ABB Turbocharging and Kongsberg Digital have signed a cooperation agreement on data collection and ship engine performance analysis. The companies will work towards a common data infrastructure and accelerate the development of value-added digital applications and services.... more
Opening an office in the kingdom
Columbia Shipmanagement (CSM) has opened a new unit and a new office in Saudi Arabia. CSM Saudi has been set up to service the needs of its client Saudi Aramco in the areas of energy, oil and gas, training and procurement, but also for further potentials in the kingdom. The... more
Remote maritime surveys extended
The classification society DNV GL has finished the world's first in-water remote ship surveys using a remotely operated vehicle (ROV). The in-water bottom surveys using ROVs were carried out on three separate Wilson ASA-managed vessels, the first having been completed on the... more
CMA CGM on track in Q2/2020
The Marseille (France)-headquartered CMA CGM reported a noticeable decline in volumes in Q2/2020. Boxes carried during the second quarter of 2020 were down to 4.8 million teu (Q2/2019: 5.5 million teu) or 13.3% compared to the second quarter of 2019. Yet the carrier said in... more
Second Pakistan carrier with widebody capacity
Becoming the second active Pakistani carrier operating widebody jets after Pakistan International Airlines, Islamabad-based Serene Air took delivery of its first A330-200 at the end of August. The privately-owned carrier currently operates four B737-800 (photo) on domestic... more
IMO: much is done, but more to achieve
In its fourth greenhouse study, the International Maritime Organisation (IMO) states that in the period between 2008 and 2018, maritime trade grew by 40% and the absolute emissions of greenhouse gases decreased by around 5%. This decoupling was due to the significant... more
Tiaca: global air cargo keeps on improving
Heavily hit at the beginning of the coronavirus crisis, the global air cargo industry is continuing its gradual route to recovery to pre-Covid market conditions for a fourth-consecutive month. This is the outcome of two "Economics4Cargo" webinars Tiaca held last... more