New logistics fund in the making 
The Asian ESR Group has raised AUD 540 million (USD 351 million) for its new venture, EADP II, a develop-to-core logistics fund. With a targeted fund size of AUD 1 billion (USD 650 million) for EADP II, GIC, ESR's Pan Asia Fund, has committed the lion's share with AUD 490... more
IAG Cargo flies emergency aid to Pakistan
IAG Cargo, the cargo division of International Airlines Group (IAG), has donated the capacity to transport 34 t of emergency aid to Islamabad, Pakistan, following the devastating humanitarian crisis caused by floods across the country. A large consignment of over 8 t of vital... more
HFW continues growth trajectory in Australia
Continuing its growth strategy in Australia, sector-focused law firm HFW has hired shipping lawyer. Ashwin Nair. He specialises in shipping, admiralty and marine insurance, acting for shipowners and charterers and their P&I Clubs and other insurers of marine risks, with a... more
Testing a new rail route for containers
Trans Container, Russian Railways (RZD) and Ulaanbaatar Railways (UBTZ) have organised the first railway shipment of containers from China to Russia via the Solovyevsk border-crossing point (Zabaikalsky Krai) on the Russian-Mongolian border. To date, this border-crossing... more
Poseidon, ONE et alia going for Atlas
The takeover of Atlas Corp., the holding with Seaspan as a major global containership lessor in its portfolio, is around the corner. On behalf of a consortium composed of David L. Sokol, chairman of the board of directors of Atlas , certain affiliates of Fairfax Financial... more
Honours for the pioneers of the pallet's triumph
Oliver Richter (1920-2014), an Australian who, as trade manager of Brambles in the 1960s, discovered the potential of a closed rental pool for load carriers and successfully established today's Commonwealth Handling Equipment Pool (Chep) system, and George Raymond Sr.... more
Which is the cheapest sustainable marine fuel?
A study commissioned by SEA-LNG, a UK-based industry foundation, has found that liquified bio-methane (bio-LNG) offers real opportunities for maritime decarbonisation. Conducted at the Nanyang Technological University (NTU Singapore), the study points out that bio-LNG can be... more
Bengaluru Kempegowda Intl airport flourishes
Kempegowda International Airport, Bengaluru (BLR Airport) continues to be the No.1 airport for handling perishable shipments from India. BLR Airport recorded 52,366 t of perishable shipments in FY 2021-22, compared to the previous year’s 48,130 t. 41% of South India’s... more
Transit time significantly shortened
India and Iran have successfully concluded the first pilot of a fully digital intermodal TIR transport, the International Road Transport Union (IRU) reported. The container was released less than a day after arriving in Iran’s Bandar Abbas port, which would have otherwise taken... more
UPS promotes Engin Kolat
UPS has appointed Turkey director of operations Engin Kolat as its new Turkey country managerto lead the company’s operations, business development, and strategy in Turkey. Kolat joined UPS as an expert in revenue management and pricing expert in 2013 after graduating from... more