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Air Cargo News Awards shortlist revealed

Air Cargo News is delighted to announce the finalists for the 42nd Air Cargo News Awards! The winners of the prestigious Air Cargo News Awards will be announced on Wednesday 21 October at the Royal Lancaster London hotel. The awards comprise 10 categories that recognise the outstanding achievements of the air cargo industry - from innovative solutions for complex transport challenges to investments in new technologies, services and innovations. The shortlisted companies for the 10 categories are as follows. Air Cargo Charter Project of the Year Avia Solutions Group Air Charter Service JCS Livestock Air Cargo Environment Hong Kong Air Cargo Terminals Limited (Hactl) Eltete TPM Changi Airport Group Cathay Cargo Terminal Cathay Pacific LATAM Cargo Finnair Air Cargo Pharma Etihad Cargo Changi Airport Group American Airlines Cargo LATAM Cargo SATS Qatar Airways Cargo Cargo Airline of the Year Etihad Cargo American Airlines Cargo Cathay Pacific LATAM Cargo Cargojet Qatar Airways Cargo Ethiopian Airlines Cargo Cargo hub of the Year Hong Kong International Airport Changi Airport Group Glasgow Prestwick Airport Miami International Airport Chicago Rockford International Airport Cargo Handler of the Year SAL Logistics Services Hong Kong Air Cargo Terminals Limited (Hactl) Servicios Aeroportuarios Andinos (SAASA) dnata HAS by Cathay Asia Airfreight Terminal GSSA of the Year ECS Group Network Airline Services Jet Fresh Cargo Wexco Airfreight (UK) 4RCargo FlyUs Aviation Group Innovation Award - Digital Pharma Complete Solutions SAL Logistics Services Cathay Cargo TAP Air Portugal Exfresso Asia Airfreight Terminal Kalé Logistics Solutions Awery Aviation Software (Meantime) Innovation Award - Product Hong Kong Air Cargo Terminals Limited (Hactl) AEROTUF Etihad Cargo KLN Logistics Group SATS Qatar Airways Cargo Young Airfreight Professional of the Year Bilal Okur, Turkish Cargo Adrian Kaesberg, FLYTRIX Americas LLC Jose Payet, Servicios Aeroportuarios Andinos S.A. (SAASA) Abigail Clarke, Magma Aviation Matthew Taylor, Tide Cargo Jazzmin Gallimore-Cox, IAG Cargo Good luck to all our finalists! Meanwhile, there are just three sponsorship opportunities left. For information, packages and rates, please contact Richard Perry at richard.perry@aircargonews.net

DP World signs 50-year concession to develop new UAE terminal outside Hormuz

DP World confirmed today that it had reached an agreement with Fujairah Ports Authority to build two new terminals on the UAE's east coast - and outside of the Hormuz Strait - under a 50-year concession. The two facilities will be the Al Rugaylat container and multi-purpose terminal, and the Dibba General Cargo terminal, and in combination will increase DP World's total container handling capacity in the UAE from 19.4m teu to almost 22m teu, while significantly expanding general cargo and ro-ro capabilities. "Fujairah strengthens what Jebel Ali already delivers -- a single, global integrated platform for moving goods across global supply chains and within the UAE and beyond," Yuvraj Narayan, DP World's group chief executive officer said. "With Jebel Ali operating at high utilisation, this development provides the additional capacity to support long-term growth. "For cargo owners, it means greater flexibility, more choice and stronger supply chain resilience," he added. However, according to an Alphaliner analysis, both DP World's and AD Ports home terminals have seen traffic plummet since the outbreak of the US-Israel-Iran conflict. "Both of the UAE's main hubs in the Gulf, Jebel Ali in Dubai and the AD Ports-operated Khalifa Seaport in Abu Dhabi, have experienced a massive drop in activity since the Iran conflict escalated, which led to repeated closures (or de facto closures) of the Strait of Hormuz," Alphaliner said today. "Located outside the Gulf, Fujairah offers direct access to the Indian Ocean, making it a strategically important gateway for liner shipping." The project will establish a new deep-water trade gateway on the UAE's east coast, capable of handling the latest generation of Ultra Large Container Vessels, with the Al Rugaylat container terminal designed to handle up to 2.5m teu annually, alongside 1.7m tonnes of general cargo and 190,000 Car Equivalent Units (CEUs), Dibba will add up to a further 3.6m tonnes of annual general cargo capacity. "The partnership with DP World marks an important milestone in Fujairah's continued development as one of the region's most important maritime gateways," said Sheikh Saleh Bin Mohamed Al Sharqi, chairman of Fujairah Ports Authority. "The Al Rugaylat and Dibba terminals will bring world-class operating capability, expanded capacity and new investment to the emirate. "We look forward to working with DP World to deliver a project that will benefit customers, communities and the UAE's wider economy," he added. The new development, which is expected to take somewhere between two and two and a half years' to complete, will come alongside an expansion to Gulftainer's Khor Fakkan container terminal, as previously reported by The Loadstar, and means that since Iran first closed Hormuz around 7.5m teu of new terminal capacity outside Hormuz is now planned. "This development will add significant new capability to Fujairah's port infrastructure and enhance the range and quality of services we can offer to cargo owners and logistics customers," Captain Mousa Murad, Fujairah Ports Authority managing director, said "By combining Fujairah's strategic location with DP World's operating expertise, we aim to deliver modern, efficient terminals that support regional trade flows, strengthen connectivity and meet the highest international standards," he added. Meanwhile, DP World recently announced it had acquired 700 new trucks expressly for the purpose of operating landbridge container movements that are likely to be a foundation of the new terminal's cargo base.

Schenker takeover and semiconductor demand boost DSV Q2 air volumes

Denmark-headquartered DSV saw its air volumes, revenues and gross profits improve in the second quarter of the year as it benefited from its acquisition of DB Schenker, higher airfreight rates and semiconductor demand. The airfreight market leader saw air volumes increase 10% year on year in the second quarter to 558,000 tonnes, air revenues for the quarter were up 27.9% to Dkr23.7bn and air gross profit improved by 13.4% to Dkr4.9bn. The company said that following a disruption-driven slowdown earlier in the year, demand returned to growth, supported by Asia Pacific exports and continued growth in the technology, cloud and semiconductor segments. Meanwhile, the conflict in the Middle East continued to disrupt global airfreight networks, leading to airspace restrictions, flight rerouting and reduced effective capacity, particularly on trade lanes transiting the Gulf region. Revenues were also boosted by average airfreight rate increases, driven by capacity constraints related to the disruptions in the Middle East, increased fuel prices and disruption-related surcharges. "Volume growth in the quarter was lower than expected as the increase was driven by an additional month of Schenker contribution, supported by growth among technology and semiconductor customers, particularly on the Asia-to-North America and IntraAsia trade lanes," DSV said. "The MENA-related trade lanes were weaker due to the Middle East conflict. In the same period last year, volumes were positively impacted by front-loading ahead of trade tariffs." Rival K+N saw its air volumes for the period increase by 2.8% year on year to 581,000 tons (527,000 tonnes). Overall, DSV saw second-quarter revenues increase by 23.7% year on year to Dkr76.7bn, earnings before interest and tax (ebit) improved by 32.4% to Dkr6.2bn and profit was up 11.5% on last year to Dkr2.6bn. "This growth was driven by an additional month's contribution from Schenker, integration synergies and robust divisional performance, especially in Air & Sea compared to the previous quarter," the company said. DSV said the integration of Schenker was progressing as planned and completion is still expected by the end of 2026. "More than 60 countries have either completed integration or are undergoing integration, including all major countries," DSV said. The company said that there had been a reduction of more than 8,000 white-collar employees (FTEs) since the integration commenced. Annual synergies are still expected to reach Dkr9bn, with an accumulated financial impact of around Dkr5bn in 2026 and full impact in 2027.