Qatar-based Gulf Warehousing Company (GWC) has registered a 40 per cent increase in its net profit for the first quarter compared to the previous year. Q1 net profits hit QR40 million ($11 million) compared with QR28.9 million in the previous year.
EMIRATES SkyCargo, the freight division of Dubai-based Emirates, will launch daily services to Orlando and Bali. The Orlando service, beginning in September, will take the carrier’s US cargo network to 11 destinations.
Dubai-based DP World, which is acquiring Maher Terminal’s Fairview Container Terminal (Fairview) in Canada, says the container terminal presents growth opportunities. DP World will pay Deutsche Bank $457 million for the acquisition.
SDV opens base in Dafza SDV-UAE LLC, one of the largest transport and logistics providers in the region, has opened its new corporate and warehousing facility in the Dubai Airport Free Zone (Dafza). The multi-function operator’s building includes an office and a 2,220 sq m warehouse with controlled temperature and humidity.