ONE sticks to its course in Q3 of its FY 
The Japanese alliance of the three big container lines, Ocean Network Express (ONE), remained in the black in its Q3/2019 as well. ONE's financial year starts in April and lasts till the end of March. The lines finished the quarter with a moderate profit of USD 5 million. In... more
Baltic Exchange under pressure
As Reuters reported in a recent analysis, the Baltic Exchange’s main sea freight index is currently strongly affected by weaker demand across vessel segments. The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell last... more
AEI: another conversion for Airwork
Aeronautical Engineers (AEI) has signed a contract with Airwork to provide the New Zealand-based company with an additional B737-400SF freighter conversion. The aircraft represents the 12th AEI B737-400SF freighter conversion for Airwork. All modification touch labour and... more
EUR 3.3 million tax evasion racket at BOM
The Mumbai Central Commissionerate has unearthed an INR 26 crore tax evasion racket that has been found to be transporting jewellery goods without paying GST. Certain jewellers situated in various Indian cities were supplying gold jewellery studded with or without precious... more
Hellmann appoints new regional CEO Asia Pacific
As of 1 March 1020 Sven Raudszus will be taking over the position of regional CEO Asia Pacific (APAC) at Hellmann Worldwide Logistics. He will be responsible for the operative and strategic business within the Asia Pacific region, including South East Asia, Australia and New... more
TIR journeys now operational in Saudi Arabia
In close cooperation between national guaranteeing associations, customs authorities and the international road union (IRU), a TIR transport operation from Dubai, United Arab Emirates, to Amman, Jordan via the kingdom of Saudi Arabia was successfully concluded this... more
First log train runs on New Zealand’s Wairoa line
In New Zealand, regular log trains have started operating between Wairoa and Napier Port following completion of the new log yard in Wairoa. Kiwi Rail will run two trains a week on the route. Each train could take up to 50 long distance truck hauls off the road between... more
Upward trend for OOCL in 2019
The carriers' reporting season has got off to a good start. Based on the group’s internal records and management accounts not yet reviewed or audited, the Hong Kong-headquartered shipping company OOCL has published its figures for Q4 and for the last twelve months. In... more
Leschaco India achieves GDP and GTP certification
Leschaco India has been successfully certified according to GDP (good distribution practice) and GTP (good trading practice) according to WHO guidelines. With the successful audit of the operational and management processes related to the international transport of... more
Siberian rail operator orders additional fleet of cars
Russian freight car manufacturer United Wagon Company (UWC) will deliver a batch of freight cars running on 25 t axle load bogies to the Sibirsky Krai transport company. Thirty model 12-9853 gondola cars with unloading hatches and five model 11-6874 box cars will be shipped to... more