PSA Group – “commendable performance” 
PSA International and its subsidiaries handled 90.9 million teu in 2022. PSA Singapore contributed 37 million teu, and PSA terminals outside Singapore posted a total throughput of 53.9 million teu. All three figures are 0.7% lower than in 2021. PSA Group revenue (USD 5.9... more
Ho Chi Minh office to support energy projects
GAC Group has partnered with SME Logistics to open its first ever branch in Vietnam. The office, located in Ho Chi Minh, supports customers at ports along the Saigon River with an integrated portfolio of shipping, logistics and marine services for a wide range of sectors,... more
Big investments for Hutchison Ports
Global port operator Hutchison Ports is making substantial investments in Ain Sokhna Port, Egypt's major port, and "B100", a new container terminal in the Port of Alexandria. Eric Ip, group managing director of Hutchison Ports, said that this step "reflects... more
First e-trains for India’s Northeast
Indian Railway (IR) is pushing ahead its plans to become net zero carbon emitter by 2030 at full throttle. In an endeavour to ensure complete electrification, IR’s affiliate Northeast Frontier Railway has achieved another milestone by commissioning two new electrified stretches... more
Expanded booking platform for quick decisions
Yusen Logistics has expanded its global coverage to 32 countries and regions through its digital forwarding platform. It simplifies the online shipping process for offers of ocean and air freight forwarding solutions by providing instant quotes, simple booking and online cargo... more
Globalisation continues undeterred
International flows of goods and capital have remained remarkably robust, despite the Covid 19 pandemic and the war in Ukraine. After a slight decline in 2020, the combined DHL Global Connectedness Index returned to figures above pre-pandemic levels in 2021. Currently... more
Fiata committed to “navigating uncertainty”
The role of the freight forwarder in the supply chain is changing as quickly as the world itself. In Geneva, the traditional strategic ‘Fiata HQ Meeting’ of the year was introduced with a press conference hosted by president Ivan Petrov, director general Stéphane Graber and... more
Raft picks Rod Talbot
Raft has appointed industry veteran Rod Talbot as vice president sales, Asia, to help increase its presence and expertise in the Asia Pacific region. Talbot, a seasoned senior director and business executive with over 25 years’ experience in supply chain and logistics, was... more
Major privatisation in East Asia
In South Korea, the government-owned stakeholders have launched a process to privatise HMM, the nation’s major shipping line since the bankruptcy of Hanjin Shipping in 2016. The sellers are the state-owned Korea Development Bank (KDB) and the Korea Ocean Business Corporation... more
Multi-user facility to open in Shanghai
Geodis has signed a ten-year lease agreement with the PRD Group for a 20,000 sqm multi-user facility in Minhang district, Shanghai (China). The facility is set to bolster the company's contract logistics capabilities for retail partners and to support the e-commerce industry... more