Latest news from Heavy Lift & Project Forwarding International Magazine

Cargo rallied in 2010 for Cargolux in year of 'comeback'

March 31 - Following the severe global economic disturbances of 2009, external environmental issues faced maindeck airfreight capacity provider Cargolux in 2010 just as the market's financial conditions gave the airline mixed messages, according to its re

First it was the Icelandic ash cloud that grounded part of the Cargolux fleet for four days in April and, second, when severe winter weather in December resulted in delays and traffic disruptions.

Meanwhile, Asian markets turned out to be especially strong and the area was a leader in the 2010 recovery, even though China showed signs of a slow-down during the final months of the year.

As Asia was leading the way, other markets began to recover, notably the United States, with Europe and Africa following behind.

With a total of 127,438 tonnes, the Americas contributed significantly to the network. It represents a rise of 11.5 percent versus 2009. Markets were strong throughout the year, in particular in the aftermath of the airspace closure in Europe due to volcanic ash in April. Revenue in this region reached USD 279.5 million, an improvement of almost 22 percent.

This year will have its own challenges, says the airline. While air cargo volume is expected to grow by 6.1 percent globally, yields are likely to remain under pressure from over-capacity building up in some parts of the world, particularly in Asia. Any prolonged surge in oil prices, denting the profitability of the industry's highly cyclical business, will have to offset by higher productivity and enhanced competitiveness, the airline notes.

Heavy Lift | News

AF Marine launched thumbnail image

AF Marine launched

February 26 - Deepsea towage operators Augustea Group and transport engineering specialist Fagioli have established a 50-50 joint venture, AF Marine.
Views: 511
Blue Water Shipping opens in Trinidad thumbnail image

Blue Water Shipping opens in Trinidad

February 26 - Blue Water Shipping will open an office in Trinidad & Tobago to service the growing oil and gas sector in the Caribbean and the north-eastern region of South America.
Views: 545
LOC lands LNG Canada deal thumbnail image

LOC lands LNG Canada deal

February 26 - LOC Group has signed a multi-year contract with LNG Canada to provide marine warranty surveyor (MWS) services and vessel quality assurance at the project in Kitimat.
Views: 530

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.