Difficult times for real estate in Hamburg 
2023 was a year of mixed results for real estate in Hamburg. Engel & Völkers Commercial Hamburg looks back on last year and predicts developments for 2024. In 2023, around 285,000 sqm of industrial and logistics space was taken up in Hamburg - in 2022, take-up was... more
EUR 41.2 million for rail project
The European Investment Bank (EIB) will provide a EUR 41.2 million loan to support a project to upgrade Moldova’s north-south rail corridor. On a total length of 370 km, 128 km will be rehabilitated, including the replacement of 50 switches at stations. This corridor serves... more
A skipper for Mauritian repair yard
Taylor Smith Shipyard (TSS), the oldest ship repair yard on Mauritius, has appointed Willy van Niekerk as its new general manager. TSS recently added civil construction services involving steel works for land projects to its marine portfolio. Van Niekerk knows the yard well... more
Expanding cargo SAF programme
Korean Air has partnered with Yusen Logistics, a global logistics company, to further promote the use of sustainable aviation fuel (SAF) in the air cargo industry. The companies signed a sustainable aviation fuel cooperation programme agreement at the Yusen Logistics... more
OOCL feels the pressure
Hong Kong-based Orient Overseas Container Line (OOCL), an affiliate of Cosco since 2018, recorded more volumes, but significantly less revenues in Q4/2023. The revenues almost halved (-49%), falling from USD 3.18 billion in Q4/2022 to USD 1.62 billion in Q4/2023.... more
A supply chain "vision" for Chaoji Food
Hong Kong-based Vision International Holdings, a provider of supply chain solutions, has signed an agreement with Dichao. Founded in Shenzhen (PRC) in 2019, Dichao develops and produces frozen meat products under the Chaoji Food brand. Vision International’s supply chain... more
ICS2 to come into force in June
The European Union is introducing a new process for goods entering its territory by maritime and inland waterways, road, and rail. The new customs pre-arrival safety and security system, called Import Control System 2 (ICS2), will require carriers to provide data on goods... more
Another three-year mandate
At its recent electoral assembly, the Spanish Federation of Freight Forwarders (Feteia-Oltra) welcomed delegates from the country’s 20 freight forwarder associations. Enric Ticó was unanimously elected president of the organisation for the next three years. He has held this... more
From California to the Middle East
Aramex, a Dubai-based provider of express delivery and logistics services to emerging economies, and Odys Aviation, a sustainable aviation company from Long Beach and manufacturer of hybrid-electric vertical take-off and landing (VTOL) aircraft, are partnering to develop cargo... more
Four heavy-lifts for Intermarine
Intermarine, a multi-purpose carrier based in the Americas, is planning to add more vessels to its fleet in collaboration with the Jumbo-SAL-Alliance. The significant expansion includes four heavy-lift vessels, acquired on a long-term charter, to be deployed on global trade... more