Antonov fuels the energy business
Oil prices have been on a roller coaster ride in recent years, with an equivalent impact on logistics providers, writes Neil Madden. From 2011 through 2013 the Brent crude benchmark price surged through $100 a barrel. But this only prompted oil exploration and production (E&P) firms to pump more black gold onto world markets, notably […]
MAB Kargo charters a 747 for oil and gas mission
MAB Kargo has flown 72 tonnes of oil and gas equipment from Germany to Malaysia using a chartered Boeing 747-400 Freighter. The equipment was flown from Leipzig to Bintulu in Malaysia’s Sarawak region in an aircraft owned by Silk Way West Airlines. The flight transited in Baku, Azerbaijan before touching down at Bintulu Airport at […]
Momentum returning following low prices and volatility
After a slow couple of years due to oil price volatility, enquiry levels have risen in 2017 and Volga-Dnepr Group global director for oil and gas, Fayçal Boumerkhoufa (pictured below) says momentum will return in 2018. He says falling and volatile oil prices have resulted in numerous large scale projects being postponed in the upstream […]
‘Disappointing’ freight results at Air Partner as oil and gas slows
Air Partner says it freight division’s results were ‘disappointing’ with a downturn in the oil and gas industry, though profits for the whole company were up to £3.2 million ($4.1 million). The division’s underlying operating profits were £0.2 million for the year ending 31 January 2017, compared to £0.8 million the previous year, which had […]
Oil & gas flying high as Volga-Dnepr transports equipment to Seoul
Volga-Dnepr Airlines is benefitting from the upturn in the movement of oil and gas cargo with its latest delivery of pump and vaporiser skids to Seoul, South Korea. Volga-Dnepr used one of its Antonov AN-124-100s to transport the cargo from EuroAirport Basel-Mulhouse-Freiburg in Switzerland to Incheon International Airport on behalf of Air Charter Service France’s […]
Agility sees net profit rise of 11% in Q3
Agility has reported a net profit of 15.17 million Kuwaiti Dinar (KD) ($49.8 million) in the third quarter (Q3) of 2016 – an increase of 11 per cent compared to Q3 of 2015. The Kuwaiti freight forwarder’s earnings before interest, taxes, depreciation and amortisation (EBITDA) was 28.90 million KD, a 19 per cent rise on the same period in […]
Airfreight volume rise of 8% for Panalpina
Panalpina’s airfreight volumes increased eight per cent in the first six months of 2016, while it says the market decreased by an estimated three per cent. The freight forwarder says volumes from acquired companies accounted for six per cent of air cargo growth and it saw higher volumes in the perishables sector, but lower volumes […]
Volga-Dnepr makes three appointments in key growth sectors
Volga-Dnepr Airlines has appointed three global directors to spearhead growth of its transport and logistics solutions with customers in the aerospace, humanitarian, and oil and gas sectors. Axel Kaldschmidt has been appointed global director for aerospace. Aerospace customers account for 30 per cent of Volga-Dnepr’s annual business, delivering nearly 175,000 tonnes of cargo such as […]
