Up and coming at ADD 
Fiata director general breaking new ground. In July the Ethiopian Freight Forwarders and Shipping Agents Association (Effsaa) welcomed a Fiata director general to its home country for the first time. Stéphane Graber took the opportunity to get to know a country with an... more
Hong Kong's largest cold storage facility 
In partnership with Chinachem Group, a Hong Kong-based property developer, ESR Group Limited broke ground today, 2 October 2023, to begin the construction of a prime cold storage and logistics facility in Kwai Chung, the first-of-its-kind and the largest to be built in Hong Kong... more
Rail link to relieve Greater Cairo Area corridor
Egypt has approved a USD 400 million loan deal with the International Bank for Reconstruction and Development (IBRD) for the Cairo-Alexandria trade logistics development project which will create a railway bypass along the Greater Cairo Area railway corridor. The bypass will... more
Daimler Truck parts from Saxony-Anhalt to the world
Mercedes-Benz Trucks officially celebrated the start of the construction of its new logistics hub, the "Daimler Truck Global Parts Centre", with the laying of the foundation stone last week. The company plans to put the building in Halberstadt, Saxony-Anhalt,... more
Shippers face 29% inflation in 2023
According to Sea Intelligence, cost inflation in the shipping industry in 2023 remains high at 29% compared to pre-pandemic levels. Hapag-Lloyd's financial data serves as a market proxy for this assessment. Cost inflation reached its peak in Q3/2022 at 64%. Carriers... more
Saudia Cargo appoints managing director
Loay Mashabi will be joining Saudia Cargo as managing director on 8 October 2023. Formerly deputy minister for logistics services at the ministry for transport, Mashabi has an extensive background in the logistics sector. He has served at various positions in both the... more
Turkish Cargo joins "Koalition" for Yani
Turkish Cargo has safely transported a koala from Hong Kong to the UK. Born in Australia and introduced to Ocean Park in 2015, Yani was left alone after the other koalas she lived with at the park passed away. Since she could not be returned to her original home due to South... more
Operail Repairs certified
The Consumer Protection and Technical Regulatory Authority has decided to issue an extended ECM (entity in charge of maintenance) certificate to Operail Repairs. The Estonian rail company is now a certified European maintenance and repair company for wagons as well as... more
A throughput to celebrate
Contecon Guayaquil (CGSA), an International Container Terminal Services, Inc. (ICTSI) subsidiary in Ecuador, is celebrating a throughput of 135 million t of cargo during its 16 years of operation at the Port of Guayaquil. This milestone highlights CGSA's commitment to... more
Fraport extends CEO contract
On 15 September 2023, Fraport’s supervisory board extended Stefan Schulte’s mandate as CEO of Fraport for another three years. Schulte’s contract will therefore continue from 1 September 2024 to 31 August 2027. Schulte, a banker with a doctorate in business administration,... more