Emirates SkyCargo reinstates dual hub operations in Dubai n Emirates SkyCargo has announced that it will be reactivating its cargo hub in Dubai South, Emirates SkyCentral DWC, for dedicated freighter aircraft operations from 26 March 2022. The move will mark a return to dual hub cargo operations in Dubai for the air cargo carrier after a period of nearly two years. In April 2020, Emirates SkyCargo consolidated its freighter (main deck) and passenger (bellyhold) cargo operations at Dubai International Airport (DXB) in light of the suspension of passenger flights during the early stages of the Covid-19 pandemic. The consolidation was aimed at streamlining and expediting the transport of essential supplies and medical items across the world. With the growth of Emirates’ passenger network and operations, as well as the
progressive increase in cargo volumes, Emirates SkyCargo will once again structure its operations across two hubs in Dubai- with Emirates SkyCentral DXB handling cargo arriving or departing on passenger aircraft and Emirates SkyCentral DWC handling cargo on freighter aircraft.
A fleet of dedicated trucks operating on a 24X7 basis will provide seamless connectivity for cargo between the two airports. For high priority cargo and urgently required commodities, Emirates SkyCargo will be able to provide a connection time of under five hours from wheels down at DXB to wheels up at DWC and vice-versa.
Saudi Arabia’s SISCO reports FY-2021 results n Saudi Industrial Services Company (SISCO), Saudi Arabia’s leading strategic investor in ports and terminals, logistics parks and services, and water solutions, recently announced its financial results for the calendar year 2021. Full year revenue, excluding accounting construction revenue, increased by 6.9% year-on-year to SAR 921.2mn-US$ 245.54mn (compared to FY-2020 adjusted revenue of SAR 861.6 million-US$ 229.65mn) driven by strong performance in the ports and logistics segments, the company revealed via a press communique. Revenue for Q4-2021 decreased by 14.5% to SAR 205.1mn (US$ 54.67mn), compared to Q4-2020, due to pressure on gateway volumes across the Kingdom resulting from global logistics headwinds. Gross profit for FY-2021 increased by 5.4% to SAR 446.5mn (US$ 119mn) largely driven by revenue growth in the ports and logistics
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segment. Q4-2021 gross profit decreased by 25.7% from Q4-2020 mainly due to the decline in the ports business gross profit Reported net income for the full year period decreased by 58.5% to SAR 57.9mn (US$15.43mn), the press statement continued. “On an adjusted basis, SISCO delivered strong top and bottom-line results in 2021, driven by market share growth in Jeddah Islamic Port for both gateway and transshipment volumes, and healthy performance in the logistics and water segments,” affirmed Mohammed Al-Mudarres, CEO, SISCO, Key milestones during the year, in support of delivering on the strategy, including the part divestment of the Group’s direct equity stake in RSGT (Red Sea Gate Terminal), ramp-up in logistics capacity expansion by subsidiary LogiPoint, and an important independent sewage water treatment plant win by Tawzea.
Mohammed Al-Mudarres, CEO, SISCO.
