MOL fund for future investments
The Japanese shipping line MOL is establishing a wholly-owned corporate venture capital fund, called MOL Plus. It will make a broad range of investments, mainly in start-ups that can reform ocean shipping business models and create new opportunities. Investments will centre... more
Eco-friendly air cargo
Bolloré Logistics has joined the Sustainable Aviation Fuel (SAF) programme of Air France KLM Martinair Cargo for its 2021 shipments between Paris CDG and New York JFK. This first of its kind collaboration illustrates the ambition of these two historical partners to tackle the... more
Over 500,000 t of Pacific seafood
Russian Railways (RZD) transported 507,500 t of fish products in 2020, 0.2% more than in 2019. The Pacific seafood was dispatched from the stations of Far Eastern Railways. For the shipment of seafood, RZD has introduced a dedicated transport service as part of fast... more
Polish distribution on new grounds
Clothing manufacturer LPP is building a new warehouse in Brześć Kujawski (Poland). The new distribution hub’s logistics processes will be coordinated by the warehouse management system PSI wms provided by PSI Polska Sp. z o.o. The 75,000 sqm facility is scheduled to open in the... more
Investors returning
Big money counts. There’s no dearth of investment opportunities for holding companies in today’s global business climate. Established as well as newly-founded logistics enterprises are a part of the trend – as illustrated by two examples from the USA. more
United African Feeder Line for sale
Investors have taken another interesting step in the shipping business: a Luxembourg investment fund is about to acquire the carrier United Africa Feeder Line (UAFL), according to news from Alphaliner. The owners, Deutsche Afrika Linien (DAL)/John T Essberger Group (JTE),... more
Bridge closure: ferries ship intermodal trains
Denmark's government has closed the Great Belt bridge to pocketwagons with semi-trailers until at least 27 January 2021, after a semi-trailer from the Carlsberg-Brauerei threatened to fall off a moving DB Cargo Scandinavia train because it was not properly attached to the... more
Second attempt to increase maindeck capacity
In order to successfully implement the tasks stipulated in the "national programme for the development of civil aviation of Turkmenistan" for 2012-2030, president Gurbanguly Berdimuhamedow signed the purchase of two converted A330-200 earlier this month. On this... more
TT Club gains additional underwriting resource
International freight and logistics insurer TT Club has appointed Marcus Kuling as a specialist underwriter in the Benelux region. Bringing 30 years of experience in the marine and transport insurance business to his new role, Kuling will be based in Rotterdam as part of the... more