Ships' values soar 
It is indeed a record. According to data from Clarkson Research, the value of the global merchant fleet has surpassed a trillion dollars in April due to rising prices for second-hand ships, especially in the container and bulk sectors. The broker's general second-hand price... more
Indigo to take Spicejet's path 
Indigo - India’s largest carrier in terms of fleet size (280+ aircraft) and flights operated (1,200 daily) - has signed a LoI with a lessor for 2+2 A321ceo to be converted into a full freighter configuration. The initiative tries to make best use of the airline's natural... more
British cargo airline doubles Saab 340B fleet
Great Britain's RVL Aviation has added a second Saab 340B aircraft to its East Midlands Airport-based fleet, to meet the increasing cargo payload needs of the airline’s logistics customers. This is the latest in a line of new fleet additions to the growing airline’s... more
Plass follows van der Schalk
Around 70 of the almost 350 member companies attended the virtual AGM of the Hamburger Spediteure (VHSp) association this week. At the meeting, the board elected Axel Plass (left) (Konrad Zippel Spediteur) as its new chairman. As a long-standing member of the board and also... more
Groupe Hautier's next takeover
The expansion continues. After a first phase of takeovers during 2010-2011, the French Groupe Hautier snapped up the French firms Resano, Gervais and Monteau transport over the past three years. Now, the group, founded in 1914 on the port of La Rochelle, is acquiring another... more
Technology promotes sustainable deployment
Railway company Jaeger Bernburg in Germany is using technology developed by Swiss start-up Nexxiot to digitalise its fleet and make the deployment of its rolling stock more cost-effective and sustainable. The cooperation focuses on equipping the rolling assets with IoT... more
AAL's Asia-Americas Trade lane scores
The multipurpose and project heavy lift carrier AAL Shipping (AAL) transported a heavy lift barge from Taicang, China to Papeete, Tahiti On its ‘Asia – Americas Trade Lane’. The barge weighed-in on hook at 410 t and measured over 53 m in length and 3,657 cbm, and was stowed... more
Experienced transport analyst joins GXO
Mark Manduca has been appointed chief investment officer of GXO Logistics, the intended spin-off of XPO’s logistics business, effective May 2021. His task will be to analyse GXO’s growth opportunities, optimise its asset portfolio and oversee its UK pension investments. Manduca... more
Funding for female-led Frisco drone company
Mightyfly, an autonomous air cargo carrier based in the San Francisco Bay Area, has closed USD 5.1 million in seed funding. The round includes investments from 500 start-ups, At One Ventures, Global Founders Capital, Graph Ventures, and Halogen Ventures. It will be used to... more
A bigger fleet for Harren Bulkers
The new star was born only recently. Just a few months after the launch of Harren Bulkers, three 93,000 tdw post-panamax bulkers will now form part of its fleet on a long-term basis. The Bremen-based shipping company acquired the post-panamax bulker “Topas” (built 2011),... more