Erik Peuschel leaving Engel & Völkers executive
Erik Peuschel has resigned from the executive management team of Engel & Völkers Commercial Hamburg for personal reasons. He will remain a member of the company’s advisory board as a consultant, especially for strategic matters.Managing partner Alexander Lampert is happy... more
Dongguan-Vorsino rail service
RZD Logistics (RZDL) and its subsidiary Far East Land Bridge (Felb) have launched regular rail shipments from Dongguan (Guangdong province, China) to Vorsino (Kaluga region, Russia). Container trains from China previously left from the city of Guangzhou. Trains will depart from... more
Rhenus and E-Dentic develop new loading solution
The Rhenus Group has collaborated with the French start-up E-Dentic to develop a solution at its logistics centre in Rade, near Hamburg (Germany), to make loading procedures safer and more transparent through Bluetooth devices and video cameras, thus ensuring 100% shipping... more
Utair planning Ufa–Vienna service
Utair Aviation launched a second Vienna route today, 3 June. The Russian airline, which is under substantial financial pressure, launched a flight from Moscow Vnukovo airport two years ago, and has now added a twice-weekly Boeing B737-500 service from Ufa, the capital of the... more
“Curiosity of the Day”
Stomach acid is strong enough to dissolve zinc and other metals – even razor blades. more
New technical director for port of Turku
Markku Alahäme is starting as the port of Turku’s new technical director at an interesting time. He will find a large project concerning a joint passenger terminal for shipping companies on his desk.Alahäme has the pre-requisites needed for the large project, having worked for... more
Rebirth of KNSL a game-changer
The recent rejuvenation of the state-owned Kenya National Shipping Line (KNSL) has enlivened the competitive situation vis-à-vis foreign shipping lines. KNSL was not operational of late has resumed business and is set to take over a second container terminal of the Kenya Ports... more
New train linking Baltic and Ukraine
The Lithuanian railfreight operator LG Cargo is launching a new container train from Klaipeda (Lithuania) to Kiev (Ukraine) in June. The weekly train will be able to carry 10,000 teu a year and cover the Lithuania–Ukraine route in 36 hours. This service has been designed to... more
K+N issues inaugural bonds for CHF 400 million
Kuehne + Nagel International has issued two inaugural bonds, as part of its ordinary financing efforts. The proceeds of the bonds will be used for general corporate purposes.The first CHF 200 million bond has a fixed coupon of 0.02% and a tenor of three years and five months,... more
Indian Railways moving further away from fossil fuel
The Asian Development Bank (ADB) has signed an agreement to provide USD 750 million to fund the Indian Railway’s track electrification project. The loan will be used to install electric traction equipment along 3,378 km of existing railway lines, which will enable the migration... more