Indian newcomer shows cargo ambitions 
Akasa Air and Smartkargo have entered a partnership that will digitally enable the launch and growth of the airline’s new cargo business. The Indian-based airline will deploy the Smartkargo solution in all functional areas of its cargo business, serving all its destinations in... more
La Spezia pushing Eurokai Group
The Eurokai Group's results surged strongly in H1/2022, due in particular to growth of throughput in Italy’s La Spezia container terminal. The group’s revenues increased by 10.6% to EUR 131.1 million compared to EUR 117.2 million in H1/2021. Net profit for H1/2022 amounted... more
West Hutchison named CEO
Vertical Cold Storage, a developer and operator of temperature controlled distribution centres, has named West Hutchison president and CEO. Hutchison most recently was senior vice president of network optimisation/M&A for Lineage Logistics. Prior to that, he was partner... more
Transpacific services suspended
Geneva-based Mediterranean Shipping (MSC) is discontinuing an entire service due to reduced traffic on transpacific waters, as a "temporary" measure, the shipping line said. The Sequoia service is operated as part of the 2M Alliance jointly with Maersk's TP3 loop.... more
Cinquant’anni! 
Sisa celebrates 50 years of development in Basel. At its ‘Evolution Day 2022’ Sisa proved that the future develops from the origins. The spectrum ranged from Generation Z, to A, for record-breaking alpinist Dani Arnold. more
Building on Far East air freight business
Dublin-based global aviation services group ASL Aviation Holdings has posted strong financial results for 2021, with revenues up 24.4% on 2020. The ASL Group, which includes ASL Airlines Ireland, ASL Airlines Belgium, ASL Airlines France and ASL Airlines United Kingdom in... more
WFS to be acquired by Sats
Sats has reached an agreement to acquire Wordwide Flight Services (WFS) from an affiliate of Cerberus Capital Management. The transaction is valued at an enterprise value of EUR 2.25 billion and will bring together WFS, the world’s largest air cargo handler with leadership... more
USD 250 million for logistics real estate in Asia
ESR and its affiliate Logos have completed th finance round for the co-branded Pan Asia Core+ Venture (PACV) and raised USD 250 million in equity commitments in total. This initial raising includes investment from two institutional capital partners in Europe and America: the... more
Port of Vladivostok posts a rise in imports
Rising cargo volumes have been flowing into the Port of Vladivostok on Russia’s Pacific Coast. According to the port press office, imports have increased by 150% over the last three months. Per month, throughput amounted to approximately 28,000 teu. The container lines that... more
Ship financing steady - so far
The Petrofin index for global ship financing has registered its first rise in eleven years according to its report which was published in mid-September. This index was established in 2008 with a reference value of 100 points. After falling to its historical low in 2020 with... more