Another milestone for ammonia in shipping 
The international classification society Korean Register (KR), located in Busan, gave its approval in Principle (AIP) for the design of a new ammonia-fuel ready vessel on 5 September 2022. The very large gas carrier (VLGC) will be capable of using ammonia as a fuel as well as... more
Cargo still saving overall performance
Thanks to robust demand for cargo, Finnair continued operating to most of its Asian destinations in August 2022. Despite the closure of Russian airspace, most cargo figures improved year-on-year and remained close to those of July 2022. Available scheduled cargo tonne... more
Drewry on the flow of new containers
In its latest report, "Container Census & Leasing Annual Review & Forecast 2022/23", London-based maritime research consultancy Drewry estimates that congestion across global supply chains means that containers were 15 to 20% less productive than in pre-Covid... more
JD Logistics grows global foot print
China-based JD Logistics has reported its interim Q2/2022 results. The company’s revenues from external customers increased by 27.7% to RMB 18.2 billion compared to Q2/2021. This division accounts for nearly 60% of total revenue for the quarter. Main commodities were FMCG, home... more
Afcom bets big on ASEAN region
Afcom Holdings, a professionally managed international cargo airline headquartered in Chennai (India, reiterated its commitment to the ASEAN region by taking delivery of its first aircraft - Boeing 737 freighter. Afcom has been operational since September 2021 through its... more
Green refrigeration technology for Azerbaijan
The European Bank for Reconstruction and Development (EBRD) is boosting transit capacity and import and export cargo capacity in Azerbaijan by providing a loan of up to USD 4 million for the construction of a cold and dry warehouse. The investment addresses the shortage of... more
U-Freight Group promotes two executives
International freight services and logistics provider U-Freight Group (UFL) has promoted two key executives based at its headquarters in Hong Kong. Amy Wong has been promoted to chief administrative officer of U-Freight Group tasked with supervising the day-to-day... more
A carrier for carbon
Japan's New Energy and Industrial Technology Development Organisation (Nedo) has completed the conceptual design of a new vessel. A project entrusted by Nedo to Japan CCS also involved MOL which launched research and development (R&D) on the adoption of a large-scale... more
Deal undone 
Container production – MCI not to CIMC. The emergence of a container manufacturing oligopoly still seemed unstoppable in October. The fact that these expectations weren’t fulfilled is related to global policies. more
New rail link between Baltics and Turkey
Metrans has introduced new rail connections between the Baltic Sea, Central Europe and Turkey by adding Gdansk (Poland) as another terminal in Northeast Europe to its network. The new link with Turkey is operated in partnership with Omsan Logistics. The first container train... more