Vopak announces share buyback programme 
The Dutch tank storage company Vopak has announced its financial results for full year 2019. Full year ebitda of EUR 830 million (2018: EUR 734 million) increased by EUR 96 million, reflecting a good aggregate business (including new assets) performance of EUR 37 million,... more
Helicopter parents 
Fossil fuels are under fire, which in turn has led to a decline in demand for helicopter services from the offshore oil and gas industry. Two large operators have reacted to this trend and are seeking salvation in a merger. more
Third relief action within short time frame
Through its logistics subsidiary Maskargo, the Malaysia Aviation Group (MAG) uplifted disposable medical protective gear for use at various hospitals across the Hubei province in China via a flight from Kuala Lumpur to Shanghai Pudong. This is in collaboration with local relief... more
Intermodal sector benefits from increased activity in Poland
After Rail Time Polska was taken over by Austrian ÖBB RCG in autumn 2019, the Polish carrier was renamed to Rail Cargo Carrier – Poland. Now ÖBB RCG has started providing its own traction services in Poland. The rail company bridges the gap on freight corridor 8 for... more
Surprisingly bright outlook for container shipping
The Berlin (Germany)-based European credit rating agency Scope ratings published its 2020 outlook on container shipping. According to its expectations, and maybe surprisingly, the container shipping industry is sailing into less choppy waters this year. Due to improved cost... more
Shipping Australia welcomes Jim Wilson
Shipping Australia has appointed international maritime and transport journalist Jim Wilson as its new policy and communications executive. Wilson is already known to the Australian freight industry from his days as the editor of Lloyd’s List DCN / Lloyd’s List Australia and... more
Extending UAE's rail network
Etihad Rail in the UAE has launched the construction works for package A of stage two of the pan-Emirates railway network that is being developed by the rail company. The corridor of package A will run for 139 km from Ghuweifat on the UAE border with Saudi Arabia to Ruwais in... more
Qatar Airways not allowed to help
While Alitalia's fate still hangs in the balance, the final curtain has fallen for another Italian airline with ambitions for long-haul flights: yesterday, 11 February 2020, the shareholders' meeting of Air Italy (Alisarda with 51% and Qatar Airways/AQA Holding with 49%) decided... more
Ceva Logistics embarks on electric vehicle trial in London
Ceva Logistics in the UK is using its urban distribution hub at Dartford, Kent to undertake an electric vehicle trial for trucks delivering into central London. It also has become the first partner in Tevva’s electrify initiative, which aims to help companies to research... more
UPS expands Mexican air network
UPS has launched a new flight for export shipments out of Querétaro, Mexico, featuring an A300 aircraft with 55 t of cargo capacity. The investment in UPS’s global logistics network gives Mexican businesses more opportunity to take advantage of the USMCA to export their products... more