Very big transactions 
Aercap, a global leader in aircraft leasing headquartered in Dublin, is to acquire its competitor GE Capital Aviation Services (Gecas). GE will receive 111.5 million newly issued Aercap shares, USD 24 billion of cash and USD 1 billion of Aercap notes and/or cash. Upon... plus
Ready for e-commerce?
The e-commerce-boom opens up new opportunities, but are companies ready to seize them? Geodis and Accenture have jointly developed a methodological approach to measure the level of e-commerce readiness in cooperation with 200 companies. The new kid on the block is called... plus
2020: Ranking of European Ports
In the pandemic year 2020, the 15 European ports with the most container traffic handled 76.8 million teu, 2.8% less than in 2019. Some of the ports registered significant double-digit downturns in H1/2020, but a generalised recovery in the second half of the year allowed... plus
Two appointments at American Club
Shipowners Claims Bureau (SCB), managers of the American Club, has appointed Andrew Dyer and Niki Tiga (photo) in its Piraeus office (Greece) to consolidate service to club members and EOM insureds. They replace Despina Beveratou, who is pursuing new interests. Currently a... plus
Partly sunny over Southern France
With a cargo volume of 51,300 t (-14.1% compared to 2019), Marseille-Provence Airport (MRS) did not fare badly in 2020, ranking second nationally behind Paris CDG. For 2021, cargo director Jean-Marc Boutigny expects a growth of 7%, which should bring the hub in Southern... plus
Another stop on Vladivostok-Moscow route
Russian transport group Fesco has added the terminal and logistics centre Bel Rast as a further stop to its Fesco Moscow shuttle service on the route from Vladivostok to Moscow. The trains will thus arrive at and depart from four stations in the Moscow region – Silikatnaya,... plus
Swiss Post against the trend
Swiss Post is clearly in the black in 2020, but does not benefit from the parcel boom as much as other postal organisations in Europe. Revenue fell significantly year-on-year from CHF 450 million to CHF 272 million (-40%), which was partly due to the decline in letter volumes... plus
Better rates with environmental standards
Following the implementation of the Environmental Ship Index (ESI) in March, the Brazilian Port of Açu now operates according to the ranking of classified vessels that exceed the emission standards issued by the International Maritime Organisation (IMO). Ships which perform... plus
Hellmann Worldwide Logistics gains CCO
Global full-service logistics provider Hellmann Worldwide Logistics has named Patrick Oestreich as its new chief commercial officer. Succeeding Jens Möller, who took over the role on an interim basis in August 2020, Oestreich will head the global sales leadership team, effective... plus
Unmasking creative smuggling methods
Over a recent period of six days, US Customs and Border Protection (CBP) officers at Cincinnati airport seized several shipments with illicit cargo, each smuggled in a unique way. On 23 February, narcotics detector dog Bruno alerted to a shipment of cookware transiting from... plus