Japanese wind power union 
Mitsui O.S.K. Lines (MOL) has formed a capital alliance with Hokutaku, Japan's largest wind turbine maintenance company. With this alliance, effective from 9 January 2024, MOL acquires a majority stake in Hokutaku. Independent of specific manufacturers, Hokutaku services around... more
Three new senior officers for ICS
The Institute of Chartered Shipbrokers, the professional body for the commercial shipping industry worldwide, officially welcomed the following fellows of the institute as its new senior officers at a controlling council meeting held in Athens, Greece. Luis Bernat, (second... more
More Airbus for EVA Air
EVA Air from Taiwan has finalised a firm order with Airbus for the purchase of 18 widebody A350-1000s and 15 single-aisle A321neo. Benoît de Saint-Exupéry, Airbus EVP Sales, commercial aircraft: "In the long-range market, it’s another major endorsement for the A350-1000... more
Stinne Taiger Ivø moves up
Bimco has promoted its director of contracts & support, Stinne Taiger Ivø, to deputy secretary general, effective 1 January 2024. Ivø joined the organisation in early 2022 as head of the contracts & support department. Prior to joining Bimco, Ivø ran the claims... more
Building its own loco fleet
RZD Logistics (RZDL) has acquired its first two diesel locomotives. They will be deployed for shunting and export work on 1,520 mm gauge railways operated by industrial companies. More acquisitions are planned for 2024. By building up its own locomotive fleet, RZDL aims to... more
A step towards sustainable stretch film
Mopi has released its new Hunter Nano Pac Stretch Film made from at least 30% recycled plastic. Mopi is a pallet stretch film supplier based in Singapore. Its main focus used to be on petroleum-based stretch film, of which it sold over 2,000 t in 2023. innovation reduces the... more
Chinese logistics provider heads Southeast
Chinese logistics provider Best is building a 220,000 sqm facility in Malaysia and expanding its presence in Southeast Asia by connecting Thailand, Vietnam, Singapore, and Malaysia to its network. The company’s largest sorting centre is to be located in Selangor, a state in... more
Zim connects Asia with East Med
Zim Integrated Shipping Services has expanded its ZMP service, which connects Asia with the East Mediterranean, to include a new stop at Cai Mep Port in Vietnam. This addition positions Zim as the sole major carrier offering a direct connection from Vietnam to the East... more
Globallink augments Eurasian services
The multimodal transport specialist has introduced a new transport link between the Port of Pit, Georgia (USA) and Central Asia, combining sea-rail and sea-road services. The company’s network covers Asia, the Middle East, Europe, and North America and connects 65 countries... more
Uncertainties and opportunities in 2024
In its latest weekly market data analysis, ocean and air freight rate benchmarking and market analytics platform Xeneta says that 2024 may herald the start of a new economic growth cycle for the global air cargo industry after last year ended with a +9% year-on-year rise in... more