Saturday 18 August 2018
 
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carriers

Middle East carriers’ freight volumes up 3.8pc in June

Middle East carriers' freight volumes grew 3.8 per cent in June over the same period last year, an improvement on May figure of 2.7 per cent but well below the average five-year rate of 9.5 per cent, according to recent data.

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Middle East carriers’ freight volumes up 2.4pc in May

Middle Eastern carriers’ freight volumes grew 2.4 per cent in May compared to the same period last year. However, there was a significant deceleration in demand compared to the 6.9 per cent growth seen in the previous month, said a report.

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ME carriers’ freight volumes up 7.4pc in February

Middle Eastern carriers’ year-on-year freight volumes increased 7.4 per cent in February 2018, and capacity increased 7.6 per cent, according to figures released by the International Air Transport Association (Iata). The reg

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Dubai Airspace expansion allowed carriers to save over $14m

The Dubai airspace restructuring project, which was implemented last year, enabled carriers flying from Dubai International Airport to save a total of Dh53 million ($14.4 million) from their budgets. The project yielded astounding

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ME carriers’ freight volumes up 4.4pc in January

Middle Eastern carriers’ freight volumes increased 4.4 per cent year-on-year in January, the slowest growth of all regions, according to figures released by the International Air Transport Association (Iata). The Middle East

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Inttra expands network with four new carriers

US-based Inttra has revealed significant growth in its carrier network with the recent addition of four new carriers, including Evergreen Marine Corporation, one of the largest container fleets in the world.   Inttra is the l

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Gulf Navigation refinances two petchem carriers

Dubai-based Gulf Navigation Holding has announced refinancing 'Gulf Mishref' and 'Gulf Mirdif' petrochemical carriers, less than a month after increasing its capital to Dh1 billion ($272.25 million) through an initial public offe

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ME carriers' profits to grow two-fold in 2018

Middle East carriers are forecast to see net profits improve to $600 million in 2018 (up from $300 million in 2017), new data showed. According to forecasts released by the International Air Transport Association (Iata), demand in

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Middle East carriers’ freight volumes up 4.6pc in October

Middle Eastern carriers’ year-on-year freight volumes increased 4.6 per cent in October 2017, and capacity increased 3.4 per cent, said data released by International Air Transport Association (Iata). The global air freight

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Bahri signs $120m deal to buy four bulk carriers

National Shipping Company of Saudi Arabia (Bahri), a leader in logistics and transportation, revealed that its business unit, Bahri Dry Bulk, has signed an agreement worth $120 million with South Korea's Hyundai Mipo Dockyard, a member of Hy

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