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Silk Way West celebrates a decade in the air

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Azerbaijan-based Silk Way West Airlines is celebrating its 10th anniversary. The company, describes itself as the largest cargo airline in operated its first flight with  a Boeing 747-400F on the Baku – Frankfurt-Hahn route in July 2012. Its hub is at Heydar Aliyev International Airport in Baku.

Silk Way West Airlines president Wolfgang Meier said: “I am very proud of all that the airline has achieved in such a short time. To all our loyal customers and partners, I would like to express my sincerest gratitude. I trust we will continue to fly higher and faster towards achieving our mission to become one of the leading cargo airlines in the world.”

Get ready for capacity crunch, warns forwarding chief

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Forwarders must prepare for an airfreight volume crunch driven by lack of ocean capacity, said executive director of the Airforwarders Association (AfA), Brandon Fried.

He told members of the Los Angeles Air Cargo Association (LAACA) on 20 June that a forecast surge in demand for US air cargo capacity will be largely driven by the situation 30,000 feet below on the water.

However, he added, AfA members can rise to the challenge through better communication.

Fried told the gathering that the capacity crunch will be driven by a perfect storm of cancelled China to US sailings, congestion at US airports, warehouse scarcity, labor shortage and rising inflation.

“The challenges for ocean carriers are well documented and we understand that they are looking after profit margins, but air capacity is already constrained by multiple factors,” said Fried.

“Congestion at major airports is exacerbating the strain on supply chains across the US.

“To rise to these challenges, the air forwarding community must better communicate with each other and learn to be adaptable.

“AfA is already meeting this challenge, driving the debate and developing new strategies to help the industry unite and find a common voice.”

In May, AfA launched its Airport Congestion Committee (ACC) which will present findings to private, public, and government entities as workable policies for urgent new legislation.

“The air cargo community, and the transport industry at large, has been served up an alphabet of disasters over the past few years but AfA has continued to support its members and campaign for the air cargo community at large,” said Fried.

“We do this not only through lobbying on behalf of our members but also by actively creating solutions to speed up the passing of necessary legislation by the US government.”

Record profit for Qatar Airways

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Qatar Airways Group reported a record net profit of QAR 5.6 billion (US$ 1.54 billion) during the fiscal year 2021/22. Overall revenue increased to QAR 52.3 billion (US$ 14.4 billion), up 78% compared to last year and 2% higher than 2019/20, the last pre-Covid full financial year.

Qatar Airways Cargo revenue grew 25% while passenger revenue rose by 210%. It transported more than 3 million tonnes of air freight and secured an 8% share of the global market, including more than 600 million doses of Covid vaccines over the course of the pandemic to date

Despite the challenges the carrier opened new routes including Abidjan, Côte d’Ivoire; Lusaka, Zambia; Harare, Zimbabwe; Almaty, Kazakhstan and Kano and Port Harcourt, Nigeria in addition to resuming flights to key markets across Europe, Africa, the Middle East and Asia.

Happy return to AA Cargo

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American Airlines has appointed Emma Oliver as director, cargo sales Europe, Africa & Middle East (EMEA) and Asia Pacific (APAC). She returns to cargo as regional sales key leader following two years in the airline’s passenger business and will be based at London Heathrow.

Easy alterations with Air France KLM

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Air France KLM Martinair Cargo (AFKLMP) has added a “Modify my booking” feature to its myCargo platform. It allows customers to alter their booking any time, without having to cancel their booking in order to resubmit altered data such as date/time, weight/size or shipment destination.

Lufthansa opens arts centre

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Lufthansa Cargo has opened its new Fine Arts warehouse facility at its Frankfurt Hub. At 155 square meters, the ARTcube in the Lufthansa Cargo Center offers twice as much space storage of high-value fine arts of all kinds.

Equipment includes a ventilation system with heating and cooling functions enables targeted temperature control. Vertical window strips on the facade allow natural lighting, with a supporting lighting system. Access is controlled and monitored by sensitive security technology. It is possible to book an individual attendant for Fine Arts shipments, especially on the ground.

Etihad’s plan B to develop green cooling systems

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Etihad Cargo has signed a memorandum of understanding (MOU) with Luxembourg-based manufacturer B Medical Systems to develop and launch an airline-specific passive temperature-controlled solution for vaccines and pharmaceuticals.

They will develop more sustainable temperature-controlled container units that work utilising passive cooling technology, capable of retaining temperatures of -80 to 25 degrees Celsius for up to five days without requiring an external power source, with load capabilities ranging from two to 1,500 litres. The reduction in power needed to maintain the temperature for temperature-sensitive pharmaceutical shipments will significantly reduce carbon emissions. B Medical Systems’ current product portfolio includes products that use solar energy as well as green refrigerants.

Trials of the sustainable containers will commence shortly, and a commercial launch date will be announced following the successful completion of the trials.

Delta gears up for baby milk airlift

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Delta is transport the equivalent of more than 3.2 million 8-ounce bottles of baby formula from the UK to the US in support of Operation Fly Formula. The carrier will fly the Kendamil formula from London Heathrow to Boston Logan Airport and Detroit Metropolitan on 13 flights on June 20-24.

The formula will be distributed and available for purchase at retailers nationwide, as well as online,  as part of the US government’s Operation Fly Formula to speed up the import of infant formula and start getting more formula to stores.

The departments of Agriculture and Health and Human Services are authorized to use Defense Department-contracted commercial aircraft for the flights. The operation has already brought in the equivalent of 1.5 million 8-ounce bottles of infant formula to the US, the White House said.

Lufthansa names freighter Namaste

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A Lufthansa Cargo Boeing 777F, registration D-ALFH was named Namaste India at Mumbai Airport on 31 May.

Lufthansa Cargo has been naming its aircraft after its main markets within its global route network since 2013 with the theme: ‘Say hello around the world’. The Namaste greeting is widespread in Hindu culture.

Since starting services to India in 1959, Lufthansa Cargo have expanded to today’s four times a week freighter services from Frankfurt to Mumbai and twice weekly to Bengaluru and Chennai.

Freightos to raise $80 million on NASDAQ

The Freightos freight booking and payment platform says it will go public on the US NASDAQ exchange in the coming months and plans to raise at least $80 million in new investment. It will merge with Tel Aviv-based Special Purpose Acquisition Company (SPAC) Gesher Acquisition Corp.
The combined entity will have a pro forma enterprise value of about $435 million, says Freightos
A SPAC, sometimes known as a blank cheque company has no commercial operations and is formed strictly to raise capital through an initial public offering or the purpose of acquiring or merging with an existing company.
Freightos says the exercise will allow it to accelerate growth in its online freight bookings, which already number hundreds of thousands a year. It claims well over 10,000 shippers, 3,500 freight forwarders and 200 carriers.
Freightos chief executive Zvi Schreiber (pictured) said the investment “presents a massive opportunity to digitalize one of the last large offline industries”.
Gesher chief executive, Ezra Gardner, added: “Freightos is modernizing the global shipping industry as a true innovator in the logistics space. Following the combination, Freightos will be the only pure-play public global freight platform investment opportunity available, and we’re excited to partner with Zvi and his team on this enormous market opportunity.”
In addition to the proposed merger with Gesher, the combined entity has obtained $80 million in capital commitments from investment firms and industry players including Qatar Airways, which has agreed to invest another $10 million in the combined company, M&G Investments ($60m) and Composite Analysis Group( $10m).
Existing shareholders in Freightos include FedEx Singapore Exchange, airlines, including Qatar Airways, IAG Cargo and LATAM Airlines.
Freightos says it is modernizing an industry stymied by intermediation, offline communications and inefficient pricing through its two core platforms – Freightos.com and WebCargo. It allows users to compare available shipping routes, capacity on specific vessels or aircraft, receive accurate, binding and all-in prices, complete with carbon emissions from shipping options, and to book in real-time.
Freightos is the calculating agent of freight shipping price indexes including the daily 40’ container index.
The Freightos management team will remain in place with Zvi Schreiber continuing as chief executive and Ran Shalev remaining as chief financial officer. The board of directors of the company is expected to include Dr Udo Lange, chief executive of FedEx Logistics and Guillaume Halleux, chief cargo officer of Qatar Airways.