Aramex profit down 2pc

ARAMEX, the logistics and transportation solutions provider, reported its 2015 net profit decreased 2 per cent to Dh311 million ($84.67 million) while revenues reached Dh3.83 billion, up 5 per cent over 2014.

Q4 net profit was Dh57.6 million, down 36 per cent compared with Q4 2014. This decrease was due to a one-time provision for a staff incentive scheme.

Excluding this provision, the Q4 net profit would have been around Dh104 million, growth of 16 per cent,  the company said.

GT USA receives new service

GT USA, the US arm of UAE-based global ports and logistics company Gulftainer, has welcomed to its Canaveral Cargo Terminal (CCT) in Florida, US, the MV Norderoog as part of the maiden call of StreamLines NV’s new Blue Stream service.

The Blue Stream service connects Port Canaveral to Europe, the French West Indies and Central America and employs five ships.

StreamLines NV is part of the Seatrade Group.
 

Bahrain container traffic up

BAHRAIN’S Khalifa Bin Salman Port (KBSP) has reported 11 per cent growth in the total container volume in 2015 compared with 2014. Containers handled at the port reached 366,997 teu against 329,508 teu in 2014.

Exported containers were 183,144 teu, a 12 per cent increase, while imported containers were 183,853 teu, up 11 per cent.

Award for Emirates SkyCargo

EMIRATES SkyCargo has been named International Air Cargo Carrier of the Year at the Economic Times Logistics’ Awards in India.

Organised by The Economic Times, India’s largest financial daily and the world’s second largest financial daily after The Wall Street Journal, the awards aim to recognise excellence in logistics that can set benchmarks for the respective industries in India.

KPMG India, one of India’s largest auditing and advisory company, rated the nominees.