DB Cargo UK in port of Southampton 
Associated British Ports (ABP) has invested GBP 300,000 (EUR 342,000) in a new rail service at the port of Southampton. This is the first automotive service to operate in the Western Docks, as ABP expands its rail offer at the port to include both the Eastern and Western... plus
Chinese companies plan big takeover
SF (Shun Feng) Holding, which is listed on the Shenzen stock exchange, is offering to buy a 51.5% stake in Kerry Logistics Network, Hong Kong. The cash offer involves more than 931 million shares costing HKD 18.80 (USD 0.56) per share. In conjunction with the offer, Kerry... plus
Double-digit growth for Hong Kong
In January 2021, cargo throughput at Hong Kong International Airport (HKIA) saw year-on-year growth of 14.1% to 409,000 t, while freighter movements surged 37.2% to 6,055 from 4,413 compared with the same month last year. Cargo imports and exports at HKIA experienced significant... plus
Strengthening Asia region team
Columbia Shipmanagement (CSM), a global ship manager and maritime service provider founded in Cyprus, has appointed Demetris Chrysostomou as managing director of its Asia region. As a part of CSM’s growth ambition, he will work from the office in Singapore, having responsibility... plus
Alternative units for open seas
Given the limited space in a tight sea freight market from China to Europe, Geodis has launched a number of services with alternative units. The first, a 1,000 teu capacity vessel, is scheduled to arrive in Hamburg on 28 February. This ship is carrying a total of 435 feu for... plus
A vessel ahead of schedule
Yang Ming, a member of The Alliance, took delivery of another 11,000 teu new chartered vessel ‘YM Target’ this month. With the support from the ship owner, ‘YM Target’ has joined Yang Ming’s global fleet nearly three months ahead of schedule. The vessel will be deployed on The... plus
Handling unit trains with 100+ railcars
The US Victoria county navigation district, owner and operator of the port of Victoria, has secured a USD 6 million grant through the economic development administration (EDA) for a proposed rail expansion project. This grant, which requires a 50% match from the port, will... plus
Birth of Burundi Airlines
A new national carrier has been established in the Central African country, thirteen years after Air Burundi went out of business. Burundi Airlines is the result of the merger of its almost forgotten predecessor, which was founded in 1975, and the handling company Sobugea.... plus
Swissport elects president and CEO
Swissport International AG has appointed Warwick Brady as president and CEO. He will succeed Christoph Mueller, who joined Swissport January 2021 as ad-interim CEO and who will become chairman of the board of directors when Brady becomes president, CEO and also a member of the... plus
DSV benefits from 2020
If a company is pushing a share buyback programme, its war chest is full. That is the case of the Danish DSV, which has reported its annual results for 2020. Revenues for the full year amounted to almost DKK 116 billion (EUR 15.46 billion), a significant rise of 18.3%... plus