OceanX: Whither TradeLens and the digitisation challenge? China's Covid conundrum
Disquieting digi-questions to digest…
Etihad has announced a $73m profit on the back of revenues of $7.6bn – and in case any rival was wondering, it has made it clear that they are “audited by KPMG and are in accordance with International Financial Reporting Standards (IFRS)”. Cargo revenues rose 19.2% to $1.1bn, on volumes of 569,000 tonnes, meaning freight contributed 14% of total the carrier’s total revenues – equal in fact to the revenues Etihad gains from its partners. As the Wall St Journal notes, the published figures are likely to be disputed by some carriers, after last year’s results reportedly failed to disclose $3.5bn in shareholder funding, according to financial documents obtained by US carriers in their bid to restrict free competition, or ensure fair competition – depending, of course, on how you look at it.
If you can’t open the Wall St Journal article, try here.
WestJet will 'disrupt' Canada with three 737Fs, but rivals aren't scared
West coast ports suffering as US container imports plunge by 37%
Cost-cutting FedEx Express to retire MD-11s for B767s and 777s
The 'mother of all BAFs' looms for shippers as green targets advance
Carriers turn their gaze back to scrubbers as voyage results tumble
Maersk idles more ships while NOOs see a rebound in demand
Billund sees launch of Maersk Air China link – 'a start-up on steroids'
First shipper uses new land-air corridor ex-India for Bangladesh exports
Comment on this article