Silk Way West wins award in South Korea 
During its fifth annual award ceremony, South Korea's Incheon Airport (ICN), one of the world’s biggest air cargo hubs (see upcoming ITJ 19-20/2021, "Aviation supplement", p. 13) honoured Silk Way West Airlines with the prestigious 'cargo airline of the year 2020'... more
Toll's Express brand to stay for two years
Toll Group is selling its global express business to Australian Allegro Funds, a private equity firm. The global express business provides express parcel, freight delivery and domestic forwarding services in Australia, and transport and contract logistics services in New... more
Big takeover in South Africa
Kuwait-based National Aviation Services (NAS), Colossal Africa and a consortium comprised of the current executive management team have signed an agreement to acquire Bidair Services from the Bidvest Group. The closing of the acquisition is subject to fulfilling final... more
OOCL doubles revenues in Q1/2021
Hong Kong-based container shipping company OOCL, an affiliate of OOIL whose shares have been held by Cosco (90.1%) since 2018, started strongly in Q1/2021. Total volumes surged by 23.8% in comparison to the same period last year. In Q1/2020, barely 1.6 million teu were... more
Digitalisation in Central Asia goes ahead
The digitisation of transport services is proceeding apace in Central Asia, with successful eTIR pilots between Kazakhstan and Uzbekistan in 2020. The International Road Union (IRU) is now working with the Asian Development Bank (ADB) to facilitate trade with greater... more
Promoting belly cargo in Baltics
Air Baltic and Riga Airport (RIX) have signed a land reservation agreement for building a new Baltic cargo hub at the Latvian capital’s airport. Covering 6,000 sqm, the terminal will be the largest dedicated air cargo handling facility in the region. Construction is planned... more
Changing sides
Jens Graefe will be joining the management team of German express service provider trans-o-flex, which specialises in the pharmaceutical, cosmetics and other sensitive goods sectors, from May. The pharma logistics expert will be assuming responsibility for the newly created... more
Strong environment for K+N
Q1/2021 brought large profits for Kuehne + Nagel. Net turnover (CHF 6 billion), ebit (CHF 431 million) and a CHF 318 million profit in this quarter were all significantly above the levels of Q1/2020. The positive turnaround, which had already begun in the second half of 2020,... more
"Eco Savona" christened
The port of Savona has just witnessed the christening of the vessel “Eco Savona”. This is the fourth hybrid ro-ro unit of the most recent GG5G (Grimaldi Green 5th Generation) vessel class to be ordered by Naples-headquartered Grimaldi Group. The ship's inaugural call in the port... more
RZD strengthens position in Japan
Russian Railways (RZD) has opened a representative office in the Japanese capital Tokyo. The new location will represent the company’s interests in Japan, formulate proposals aimed at developing RZD Holding’s international business, promote transport and logistics services and... more