Asia expansion for Mycrane 
Mycrane, a Dubai-based digital disruptor for the cranes and construction sector, is to roll out the world’s first online crane rental platform in three key Asia-Pacific (APAC) markets, following the signing of a franchise agreement covering Singapore, Thailand and Indonesia.... plus
Is the middle corridor sustainable?
Because of security risks, sanctions and payment problems caused by geopolitical events, many suppliers and manufacturers prefer not to send their goods from China to Europe via Kazakhstan, Russia and Belarus to the route’s main transhipment terminal in Malaszewicze (Poland).... plus
On how a carrier can buy back stocks
At its 2022 annual general meeting, Evergreen International, a corporate shareholder (4.96%) in Evergreen Marine, launched a request via its representative, lawyer Chu-chun Wu. He said that "Evergreen Marine should buy back stocks in the form of "treasury stocks"... plus
Air India welcomes Campbell Wilson
Tata Sons has announced Campbell Wilson’s appointment as CEO & managing director of Air India. The Air India board has approved the appointment subject to requisite regulatory approvals. Wilson brings 26 years of aviation industry expertise in both full service and low-cost... plus
Thai and PTT planning air cargo feasibility study
Thai Airways International and the Petroleum Authority of Thailand (PTT) have signed a memorandum of understanding to conduct a feasibility study on air cargo business partnerships. Auttapol Rerkpiboon, PTT president and CEO, and Suvadhana Sibunruang, acting CEO of Thai,... plus
Seaspan's growing order book
The Hong Kong-based Seaspan Corporation, an affiliate of the Atlas Corporation, is planning to acquire more newbuilds. Its agreement with "a major shipyard" that was not specified, includes the order of four 7,700 teu dual-fuel liquefied natural gas containerships. The... plus
More cash for ESR
The APAC-based real asset group ESR Cayman Limited (ESR) recently secured a loan of SGD 300 million (USD 218 million), with an option to upsize it to SGD 500 million (USD 364 million). Asian banks like the United Overseas Bank (UOB) and the Malayan Banking Berhad (“Maybank”)... plus
Smile returns as SIA posts record freight business
During FY 2021-2022, the Singapore Airlines (SIA) Group cut net losses by 78% to SGD 962 million (USD 694 million), posting second half operating profit of SGD 10 million "as travel demand returns", as the Southeast Asian carrier says. Its lifeline, however, was... plus
Good figures push Toll's turnaround
The Toll Group, an Australian-based subsidiary of Japan Post, has reported its results for its financial year 2022 which ended on 31 March 2022. Revenues amounted to USD 7.6 billion, while ebit remained at a modest USD 341 million. The Toll Group, which sold its loss-making... plus