MAG’s performance improves by 60% 
Malaysia Aviation Group (MAG) achieved positive ebitda (earnings before interest, taxes, depreciation, and amortisation) of +MYR 433 million (USD 102 million), compared to -MYR 1,761 million (-USD 405 million) a year ago, reducing its loss for the financial year ended 31... plus
ASEAN rail-road cross-border service launched
Nippon Express has launched a new service linking up China and neighbouring ASEAN countries via rail and truck transport. This service includes the transports of cargo by rail between Kunming, China and Vientiane, Laos and then by truck from Vientiane to Thailand and other... plus
More LNG for Yang Ming
Taiwan-based shipping company Yang Ming will equipped five new 15,000 teu container vessels with dual-fuel LNG power. In a press release, Yang Ming described LNG as a "mature low-carbon alternative" to regular fuel, reducing each unit's gas emissions' footprint by 20%.... plus
Shani Ben-David first woman to be elected captain
ZIM president & CEO, Eli Glickman officially appointed Shani Ben-David to the position of captain in a traditional ceremony held at the company's headquarters in Haifa. Ben-David is the first woman to reach the highest rank in the Israeli merchant marine. She is a... plus
World trade in peril, says WTO
In mid- April, the WTO published its analysis on the implications of the war in Ukraine for global trade and development. The WTO secretariat's note, ‘The Crisis in Ukraine: Implications of the war for global trade and development’, anticipates that the crisis could lower global... plus
OOCL confirms the trend
Hong-Kong-based Orient Overseas Container Line’s results in Q1/2022 were in line with current developments in the shipping industry: revenues grew by 71%, while volumes went down. In its quarterly report, the liner spoke of "severe congestion around the network"... plus
Turkish Cargo wins excellence award
At the 2022 Asia-Pacific bioprocessing excellence awards ceremony, held digitally in Singapore for the ninth time, Turkish Cargo was declared winner of the "remarkable air cargo brand" award in the pharma-logistics category. Turhan Ozen, chief cargo officer of... plus
Alibaba targeting SMEs
The Cainiao Network, the logistics arm of the Alibaba Group Holding, recently announced the launch of a digital end-to-end e-commerce logistics service for small and medium-sized enterprises (SMEs). The offer is intended to include services such as pickup, warehousing,... plus
Cainiao increases cargo trips from Malaysia to UK
Alibaba’s logistics arm expanded its direct flight network in Malaysia last week, increasing cargo trips from Kuala Lumpur to London and Hangzhou to boost efficiency. According to the platform, a new thrice-weekly direct flight to London will reduce air freight time by 30% and... plus
Landmark battery-electric truck deal concluded
Scania has completed its first sale of battery-electric trucks in the Asian market. The Singapore arm of Berlin-based recycling and environmental services company Alba W&H Smart City has purchased no fewer than 15 Scania L230 battery-electric B6x2*4 trucks, after winning a... plus