The deal is on 
It was a long struggle, but the outcome is clear. Atlas, the holding with Seaspan as a major global containership lessor in its portfolio, has agreed with Poseidon Acquisition on the sale of its shares. Poseidon is a consortium which was formed for this purpose by certain... more
Schmitz Cargobull picks Marnix Lannoije
The supervisory board of Schmitz Cargobull has appointed Marnix Lannoije as its new chief research and development officer (CTO), effective 1 October 2022. Lannoije succeeds Roland Klement who has retired. "Lannoije is an experienced industry expert and a good fit for... more
Behemoths on methanol
Sometimes it is not the seven dwarfs, but the seven giants. The Hong Kong-based Orient Overseas Container Line (OOCL), an affiliate of Cosco, has extended its orderbook. Seven newbuilds with dual-fuel methanol-compatible engines and a capacity of 24,000 teu each have been... more
First Guangzhou-converted B767-300 freighter
Boeing and Guangzhou Aircraft Maintenance Engineering Company (Gameco) have celebrated the completion of China’s first 767-300 Boeing converted freighter (BCF) from the Gameco conversion line in Guangzhou. Peter Gao, VP Boeing commercial sales and marketing for China:... more
A new hub for Greater New York
A new logistics centre is in the making. The Industrial Centre Carlstadt II, to be developed and managed by Goodman Group, is located between New Jersey and New York City. One major focus will be last mile logistics deliveries to a market of over 15 million people around New... more
Building facilities to augment fleet
Paveway Express recently started to expand its Greenville facility. The fast-growing US trucking company has cleared about extra 4,000 sqm of land to increase its parking facilities with the long-term goal of adding ten new trucks in 2023. Phase one of the work will be done in... more
CMA CGM Air Cargo contracts Hactl
Hong Kong Air Cargo Terminals Limited (Hactl) – Hong Kong’s largest independent air cargo handler – has been appointed to handle CMA CGM Air Cargo’s new Hong Kong services which began in early September. CMA CGM Air Cargo is the cargo airline of the CMA CGM Group, a global... more
Post NL planning to reappoint Herna Verhagen
The supervisory board of Post NL intends to reappoint Herna Verhagen for a new four-year term as CEO and member of the management board at the shareholders’ annual general meeting (AGM) in 2023. Jan Nooitgedagt, chair of the supervisory board: “We’re very pleased that... more
NYK banking on Indonesian energy
It is a strategic agreement. The Japanese carrier NYK has now reached a basic agreement allowing it to invest in PT Pertamina International Shipping (PIS), a shipping subsidiary of the oil and gas company PT Pertamina (Persero) based in Indonesia. The parties are planning to... more
US merger in omnichannel business
Louisville (KY)-based MHS Global, which develops solutions for material flows, has joined forces with software company Fortna, which is headquartered in Atlanta. The two companies will now operate jointly under the Fortna brand. MHS Global brings in over 2,500 employees at... more