Singaporean acquisition Down Under
ESR has completed the acquisition of 10% of the total issued units in ESR Australia Logistics Partnership (EALP) by RBC Investor Services Trust Singapore for AUD 60.5 million (SGD 62.4 million / USD 46.6 million). This acquisition in Australia marks ESR’s first overseas... plus
Smartlynx to provide widebody cargo capacity
Smartlynx Airlines Malta, an EU-based specialist in full-service ACMI aircraft leasing solutions, has extended its Airbus fleet. Currently operating an A320 and A321, the carrier has now added the A330 type as well. Five A330 will be modified to Zero LOPA by removing... plus
Two senior appointments at Forth Ports
Forth Ports, the UK’s third largest port group, has appointed Michelle Primrose as new group HR manager and Matt McCreath as the group’s new financial controller. Both joined the group in April, at “an important time for the business, which continues to invest significantly... plus
New East Africa service is on
The new East Africa Service 3 (EAS3) is now in operation. The sailings cover routes between China, South-East Asia, Kenya and Tanzania. The port rotation is the following: Shanghai ▪ Ningbo ▪ Nansha ▪ Singapore ▪ Port Kelang ▪ Mombasa ▪ Dar Es Salaam ▪ Port Kelang ▪ Singapore ▪... plus
Number of China trains doubled
Railfreight traffic between Asia and Europe continues to grow. Around 878,000 teu were transported on the New Silk Road's various rail corridors in 2020. The International Union of Railways (UIC) assumes that this figure could double by 2025. Metrans is also benefiting from... plus
Roofing ceremony in Roermond
It's an investment from Singapore in Europe. Frasers Park in the Roerstreek-Noord industrial park in Roermond, the Netherlands, held its roofing ceremony recently. Frasers Property Industrial, which acquired the 50,000 sqm site of in November 2020, is a business unit of... plus
More exports go via Stockholm
Exports via the Stockholm Norvik Port container terminal keep rising, which is also due to the shortage of empty containers in Sweden. The access to empty containers at Stockholm Norvik has led to more export goods being shipped via Sweden’s new port. Logistics company... plus
Jaunt Air Mobility’s expansion in Canada
Jaunt Air Mobility, a new generation aerospace organisation based in Dallas, Texas, has announced its plans to open design and manufacturing centres in Canada. The appointment of Eric Côté to head these Canadian operations is the first step of this expansion strategy. As an... plus
"Curiosity of the Day"
At least 70% of all people talk in their sleep from time to time. plus
Kick-off for e-truck trial in New Zealand
Fuso truck is celebrating: After five years of preparation in New Zealand and more than three million km of road testing internationally, six of the world’s first series-produced fully electric light trucks with integrated safety features have now arrived in Auckland. It... plus