Two more Caspian countries join e-CMR 
Azerbaijan and Turkmenistan, two countries at the heart of east-west and north-south trade routes, have acceded to the e-CMR protocol, committing to fully paperless goods transport. By eliminating paperwork, e-CMR lowers handling costs, eliminates administrative and... plus
MOL procures loan for sustainability
The Japanese carrier MOL recently made use of another transition-linked loan with Sumitomo Mitsui Banking Corporation. This is Japan’s first global commitment line agreement using this kind of loan. It is a financial instrument designed to assist companies that are taking action... plus
Changes in cargo flows
The Copenhagen-based maritime agency provider Sea-Intelligence recently published an analysis of the cargo streams on the North America West Coast (NAWC). Compared to 2019, volume growth in 2022 stagnated during the first two months of the traditional Q3 peak season and... plus
PSA keeping the balance in 2022
Singapore-headquartered PSA International (PSA) has reported its results for 2022. In total, the Group handled container volumes of 90.9 million teu globally. Compared to 2021, the group’s volume decreased by 0.7%. The flagship PSA Singapore contributed 37 million teu (-0.7%),... plus
Another way of Californication
The Japanese container shipping company Ocean Network Express (ONE), headquartered in Singapore, has signed agreements to acquire a 51% stake in two terminals on the US West Coast - Tra Pac and Yusen Terminals (YTI). MOL and NYK as well as Macquarie Infrastructure Partners... plus
Stepping into Vietnam
The Hong Kong-headquartered ESR Group has invested in an equity stake of the BW Industrial Development Joint Stock Company, by the way of an affiliate. This investment was part of BW’s larger primary capital raise of up to approximately USD 450 million that includes other... plus
Chapman Freeborn boosts regional management team
Chapman Freeborn has appointed four new executives to head up its regional divisions as the global air charter specialist prepares to celebrate its 50th anniversary in 2023. Andy Hudson (fltr) is now regional CEO, APAC; Reto Hunziker is regional director, Europe; David... plus
The Alliance and the Atlantic
Falling volumes are causing problems in the deployment of ultra large container ships (ULCS). The Alliance is now focusing on Asia and Northern Europe. In its estimation, the Asia-Northern Europe trade is regaining in importance. Hapag-Lloyd, ONE, HMM and Yang Ming have thus... plus
DHL launches a second connection in Laos
DHL Express expanded its footprint in Laos. Located in Xaysettha District in the county’s capital city Vientiane, the new service point will enable customers to send and collect shipments to and from destinations outside Laos. This is the second service point opened within one... plus
For a change in East Africa
A feeder service was recently enhanced in East Africa. The French line CMA CGM announced that it has deployed more capacity on its feeder service connecting Kenya to the island of Zanzibar (Tanzania) A second vessel, the ‘Onego Bora’, which is solely operated by CMA CGM, has... plus