Executives at AD Ports Group have confirmed that its flagship deep-water port, Khalifa Port, has been ranked in the top five of the global Container Port Performance Index (CPPI) developed by the World Bank and S&P Global Market Intelligence.
The ranking is based on the time vessels needed to spend in port to complete workloads over the course of 2021, a year that saw unprecedented port congestion and disruption to global supply chains due to the impact of the COVID-19 pandemic. More than four-fifths of global merchandise trade by volume is carried by sea, and approximately 35 percent of total volumes and over 60 percent of commercial value is shipped in [...]
The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport (DMT) in Abu Dhabi announced the implementation of the executive regulation for operating passengers’ transport services by buses in the emirate, which aims to increase the level of passengers’ safety, and regulate passenger transport activities using rented buses, privately hired buses, tourist buses along with public buses, and to clarify the responsibilities and duties of all entities operating in this sector. The implementation of the regulation is part of the continuous efforts made by the ITC to establish a safe and sustainable transport environment that improves the [...]
AD Ports Group, the leading facilitator of global trade, logistics, and industry in Abu Dhabi, has today announced that the UAE’s capital will serve as the host city for the 2023 edition of the IAPH World Ports Conference.
Marking the first time that the UAE has hosted such a prestigious maritime event, IAPH World Ports Conference 2023 is expected to draw a host of the world’s leading port operators and will feature a speaker line-up comprising the industry’s most influential personalities.
In addition, the event will also include a variety of focus sessions, workshops, and discussion panels covering several topics including leading trends and challenges [...]
AD Ports Group, the region’s premier facilitator of logistics, industry, and trade, has confirmed it will host the 7th Edition of Ports Authorities Roundtable (PAR 2022), a major annual maritime event that brings together port authorities from around the world to strengthen consensus and cooperation in the industry.
The event is taking place at a crucial time for the ports and shipping sectors, as concerns grow over cargo backlogs in Asia that could potentially have major downstream effects for global supply chains.
Under the theme “Reimagining a New Era of Trade Together,” global port authorities will convene for the first time in the Middle East to exchange [...]
Boeing Capital Corporation, a wholly-owned subsidiary of Boeing [NYSE: BA], today released the 2022 Commercial Aircraft Financing Market Outlook (CAFMO) showing improving financing stability as the industry recovers from the impacts of the global pandemic.
“Financiers and investors remain committed to the long-term fundamentals that continue to make aircraft a valuable asset class,” said Tim Myers, president of Boeing Capital Corporation. “Despite the changing landscape since the emergence of the COVID-19 pandemic, the industry remains resilient and there continues to be sufficient liquidity in the market for our customers with increasing [...]
Airbus SE (stock exchange symbol: AIR) reported consolidated Full-Year (FY) 2021 financial results and provided guidance for 2022.
“2021 was a year of transition, where our attention shifted from navigating the pandemic towards recovery and growth. Thanks to the resilience and efforts of our teams, customers and suppliers, we delivered remarkable full-year results,” said Guillaume Faury, Airbus Chief Executive Officer. “The strong financials reflect the higher number of commercial aircraft deliveries, the good performance of our Helicopters and Defence and Space businesses as well as our efforts on cost containment and competitiveness. Record net income and our efforts to [...]
The International Air Transport Association (IATA) clarified that the aircraft cabin remains a very low-risk environment for contracting COVID-19 even though Omicron appears to be more transmissible than other variants in all environments.
According to IATA’s Medical Advisor Dr. David Powell, factors that contribute to the very low risks include aircraft design characteristics (direction of airflow, rate of air exchange and filtration), the forward orientation of passengers while seated, well-enforced masking, and enhanced sanitary measures. The controlled nature of the aircraft cabin compared to other enclosed environments adds a further measure of protection, Dr. Powell [...]
Airbus has firmed up an order for the purchase of four A350F freighter aircraft with the CMA CGM Group, a world leader in shipping and logistics. This order will bring CMA CGM’s total Airbus fleet to nine aircraft, including four A330-200F and one A330-200 to be converted into a freighter.
The A350F is based on the world’s most modern long-range leader, the A350. The aircraft features a large main deck cargo door and a fuselage length optimized for cargo operations. Over 70% of the airframe is made of advanced materials resulting in a 30t lighter take-off weight, generating at least 20% lower fuel burn over its current closest competitor. With a 109t payload [...]