Ekol's founder buys back shares 
Ahmet Musul, the founder and majority owner of the Turkish company Ekol Lojistik, has purchased 37% of Ekol shares that had been held by Rigond Finance, a subsidiary of the Abu Dhabi-based Invest AD and the Japan-based SBI, since 2010. Turkey’s competition authority has... more
Award for MGI and the port of Marseille
As part of this year’s digital transformation awards the software company MGI and the port of Marseille/Fos (France) have won the prize in the logistics category for implementing Ci5, the newest generation of the cargo community system. Jaap van den Hoogen, CEO of MGI, said:... more
Vietnam becomes part of APL's CSE service
The CMA CGM affiliate APL has added Ho Chi Minh City (Vietnam) as a port of call to its China Southeast Asia Service (CSE), extending the market coverage of the weekly service which currently connects central China to the Southeast Asian markets of Thailand and the Philippines.... more
World's cargo hubs see volume growth weaken in 2018
According to the preliminary world airport traffic rankings published by Airports Council International last week, the air cargo market did not fare as well as passenger traffic (+6%) with a year-end growth figure of 3.2%. This is a much lower growth rate than in 2017 (7.7%),... more
75% of Eurasian goods shipped through Kazakhstan
The competitiveness of rail services on the 1,520 mm railway gauge improved due to the reduction in transportation costs and a shortening of delivery times throughout the year 2018, according to the “Eurasian Rail Alliance Index” (ERAI), which was developed by the transport... more
Greiwing inaugurates new hub
After a successful trial period, logistics services provider Greiwing has officially inaugurated its new subsidiary in Burghausen (Bavaria, Germany). The facility took around 16 month to build and cost EUR 35 million. “By opening our new subsidiary we have again strengthened... more
Albatros express expands its hinterland services
As from 1 April, Germany-based Transfracht will raise the frequency of its Albatros express service from Hamburg to Frankfurt. Import services will be enhanced by an additional departure from Hamburg (on Mondays) of a two-group train (CTB / EKOM). Thus, Frankfurt will have seven... more
New generation of PCTC for UECC
The Norwegian shipping company United European Car Carriers (UECC) will construct two new generation PCTC for China Ship Building Trading and Jiangnan Shipyard Group. The contract also includes an option for two further vessels. The first vessel is planned for delivery in 2021. ... more
Rising cargo yields in the Far and Middle East
Cathay Pacific’s cargo business of benefited from robust demand in 2018. Group revenue grew by 18.5% to USD 3,607 million. Capacity of Cathay Pacific and Cathay Dragon increased by 2.6%. The load factor inched up by 1 percentage point to 68.8%. Tonnage carried was up 4.7%. Yield... more
Hill Dickinson’s strengthens its maritime services
The international maritime law practice Hill Dickinson has announced the following appointments: Joining Hill Dickinson are master mariner Kevin Austin, Korean market specialist Beth Bradley, and transactional lawyer Sung Hwan Choi. Austin, currently a legal director with... more