USD 2 billion

MSC senior vice-president Pasquale Formisano recently told the Propeller Club Basel about the ongoing adjustments to his shipping line’s fleet to 2020 and beyond.

New vehicle for new division

Sweden: railfreight traffic flourishes in 2018

Around 398,000 teu were transported by rail to/from the port of Gothenburg (Sweden) in 2018. The number of rail containers shipped to/from the port rose by 13%, compared to 2017. The increase actually surged to 27% in Q4/2018....

MAC and Cape Air partner for pilots

The US regional carrier Cape Air and Mountain Air Cargo (MAC), a Denver CO-based airline which operate 35 Fedex Cessna Caravans and 18 Fedex ATRs on 100 daily scheduled flights, are to introduce a new pilot hiring pathway...

MOL and Singapore banking on LNG

Pavilion Gas (PGPL) and the Japanese carrier MOL have signed a long-term charter contract. According to the pact, MOL will operate Asia’s hitherto largest (12,000 cbm class) LNG bunkering vessel in Singapore. Demand for LNG as...

Europa expands hub in preparation for Brexit

Three years after its inauguration, Europa Worldwide Group, a major supplier of logistics services, has invested GBP 2 million in a reconfiguration programme at its hub in Dartford (United Kingdom). The upgrade was part of a...

Forthcoming amendment to K+N board

Jürgen Fitschen and Hans Lerch, who have served on the board of directors of Kuehne + Nagel International (K+N) for eleven and 14 years respectively, will step down at the company’s annual general meeting on 7 May 2019, and not...

Improved access to port of Abidjan

The expanded and deepened Vridi Canal (Ivory Coast) was recently inaugurated. The waterway connects the port of Abidjan and the Atlantic via the Ebrié Lagoon. The China Harbor Engineering Company required three years to...

Australian steel for inland rail network

Construction work on the 1,700 km long inland rail freight line between Melbourne and Brisbane (both Australia), is making progress. Some 14,000 t of Australian steel have been delivered to the site for the Parkes to Narromine...

Andreas Behnke to head Swissport Basel

Swissport has appointed Andreas Behnke as CEO and station manager at Basel’s trinational Euroairport. In his new role, he will be responsible for all the company’s activities in the airport ground services, air cargo handling,...

BUD Cargo City gains another lessee

The Austrian logistics services provider cargo-partner will lease facilities at BUD Cargo City, the forwarding hub at Budapest airport, which will open at the end of 2019. The hub will comprise 7,500 sqm of storage space as...

Hermes Logistics Technologies augments teams

Hermes Logistics Technologies (HLT) is continuing to expand its teams in India and the UK as its flagship cargo management system, Hermes 5 (H5), is adopted by cargo ground handlers, airlines and airports across the globe....

Trade war still makes no impact on world trade

The flash estimate for the container throughput index published by the German research body Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI - Leibniz) and the Institute of Shipping Economics and Logistics (ISL)...

US president backs Boeing's footprint in Vietnam

On the fringe of the summit between US president Donald Trump and the North Korean leader Kim Jong-un in Hanoi, two privately-held Vietnamese airlines have signed big airplane orders with Boeing. Vietjet has purchased 100...

Launching new train on Silk Road

Metrans, part of HHLA, will launch a new intermodal service along a section of the new Silk Road, running from Malaszewice (Poland) to Ceska Trebova (Czechia), from 10 March 2019, with two roundtrips a week. This regular...

“Curiosity of the Day”

The smallest flying insect is the African parasitic wasp, which at 0.129 mm is smaller than the eye of a housefly.

Ceva cuts debts and raises revenue

Ceva Logistics has reported its results for Q4/2018 and full year 2018. Revenue rose to USD 7.35 billion in 2018, 5.2% more compared to the previous year. The group’s ebitda was USD 198 million in 2018 with an ebitda margin...

Air New Zealand and Red Cargo to interline

Red Cargo Logistics, the cargo and logistics platform of Malaysia-based Air Asia, has signed an interline agreement with Air New Zealand to expand and provide market access to its respective cargo businesses. The partnership, the...

K+N banks on improvements via eTouch up to 2022

The strategy of the forwarding & logistics giant Kuehne+Nagel (K+N) remains multifold, as CEO Detlef Trefzger and CFO Markus Blanka-Graff pointed out during the company's annual press conference in Schindellegi (Switzerland)....

Exports in the front row

State-owned CP sold its railfreight subsidiary CP Carga to MSC in 2015; great criticism followed in 2016, when the firm was renamed Medlog, or Medway in Portugal. The reinvigorated entity is now investing massively in Vila Nova...