ONE improves results significantly 
The wave of good news from carriers continues. Japan’s Ocean Network Express (ONE) reported a profit leap of 326% for the second quarter of its fiscal year 2020, which runs from April 1 to March 31. The Singapore-based container carrier said its Q2 profit came to USD 515... more
Freja partners with SDK
It is one of the major conglomerates since Queen Margret founded the Kalmar union. Pending approval by the relevant competition authorities, the Danish group SDK will become a 75% shareholder in a newly merged company with Danish Freja. The remaining 25% ownership will be held... more
Lineas and EWS double fumigation capacity
EWS, a specialist for pest control, and railfreight operator Lineas will double the fumigation capacity at the main hub in Antwerp, Belgium, to meet the increased demand for lumber transport from Europe to China. Every week more than 3,000 containers of wood pass through the... more
Nana Lin as Geodis' managing director
Lin Shih Ying (Nana Lin) has been appointed new managing director in the Geodis' Asian Pacific (APAC) region, more specifically in Taiwan. She joins the company with over ten years of experience in international supply chain management, having worked for major logistics... more
Camair in trouble
Camair-Co is going through financial difficulties. The Cameroon aviation company recorded a loss of income of more than EUR 9.2 million in the last six months and a -55% decrease of its turnover. The reasons for this situation seem to be both the closing of Cameroon's... more
Pilot project in Algeciras
The Spanish Port of Algeciras has been running a pilot project in cooperation with Maersk Line, APMT, Marmedsa, and the digital platform portxchange to optimise port calls and thereby reduce emissions. The aim of the pilot is to improve the end-to-end port call process,... more
Skyteam Cargo elects chairman
Skyteam Cargo Alliance has appointed Omar Hariri (right, together with ITJ Editor Andreas Haug), currently CEO of both Saudi Airlines’ cargo company Saudia Cargo and the Saudi Arabian Logistics Company (SAL), as new chairman of its executive board. The executive board of the... more
To Russia with love
Austrian logistics group Gebrüder Weiss (GW) launches a new weekly scheduled service between Vienna and Moscow, effective immediately. It is the company's second regular direct connection to the Russian capital in order to expand its groupage freight services to Russia. The... more
VTG places green bonds
VTG in Germany has placed corporate bonds totalling EUR 746 million on the American and European equity markets. For the first time in the company’s history, these bonds are “green private placements.” In accordance with the criteria of the “climate bond initiative”, the... more
Steady course in Jacksonville
Florida-based Jacksonville Port Authority (Jaxport) has reported the results of its fiscal year 2020 that runs from 1 October till 30 September. About 1.28 million teu were handled, down 5% from 2019, which was a record year. Almost 547,500 vehicles crossed through the port,... more