European funds for the port of Piraeus 
The European Investment Bank (EIB) will advance EUR 140 million on loan to the port of Piraeus to support the expansion and upgrading of Greece’s principal port. The largest ever loan for port investment in the country, which will run on a 20 year-basis, brings the total... more
Zeamarine appoints Namir Khanbabi
Zeamarine has appointed Namir Khanbabi as the new regional director for Asia and Oceania. He most recently held the role of chartering and operations director at AAL, where he was in charge of the global chartering, operations and engineering departments for Tramp and Liner... more
Third shunting track at the Schwedenkai
An additional track will be built at the rail terminal at Kiel’s Schwedenkai, raising the number of entrance tracks to three. This will enhance the port’s line-up capacities for wagons in order to cut back the amount of train movements to and from the Kiel-Meimersdorf shunting... more
Intermodal business under new ownership
Roadrunner in the USA has sold its intermodal services business to Universal Logistics Holdings, based in Michigan (USA), for USD 51.25 million in cash. Roadrunner Intermodal Services provides drayage and chassis management services to transport freight between ocean ports, rail... more
New player on the waters: E2F in France
In France, a new body has been created to promote inland navigation: On 1 November 2019, the French national chamber of craft industry (CNBA) and the French committee of river owners (CAF) agreed to set up a new organisation to speak for the fluvial transport and... more
Testing "Dumbo"
Russia has taken another step towards developing its own successor to the AN-124. Specialists of the Central Aerohydrodynamics Institute (Tsagi) in Moscow have now presented an aerodynamic model of the "Slon" (elephant), a high capacity freighter whose properties are... more
GE picks Selam Amare as country leader for Ethiopia
General Electric (GE) has chosen Selam Amare as the country leader for Ethiopia. In this role, Amare will oversee GE’s operations in the country and strengthen the businesses presence in the market. Prior to her appointment, Selam was GE Healthcare’s life care solutions... more
ESR establishes new logistics mandate in Australia
ESR, a large APAC focused logistics real estate platform, has established a new mandate with China Merchants Capital Investment. The new mandate – to be known as ESR Australia Logistics Trust (EALT) – will be funded with AUD 175 million (USD 120 million) of ESR’s balance sheet... more
Scottish carrier starts fleet renewal with full freighters
Glasgow (UK)-based regional carrier Loganair is replacing its ageing Saab fleet with ATR. The first aircraft to be substituted will be the freighters. Danish aviation service provider Nordic Aviation Capital (NAC) confirmed that it has delivered one ATR 72-500 to Loganair on... more
Maersk vessel tests battery propulsion
Electronic propulsion is the order of the day. Thus, a containerised 600 kWh marine battery system will be installed in a trial on board the “Maersk Cape Town” in December 2019 to improve vessel performance while reducing CO2 emissions. The vessel is a Singapore-flagged 249 m... more