Container market faces steep Q3 rate drops
Container spot rates dropped by 43% in Q3/2024, marking the worst third-quarter performance in a non-Covid year since the Shanghai Containerised Freight Index (SCFI) was introduced in 2009, according to Bimco’s chief shipping analyst, Niels Rasmussen. The SCFI, which tracks... more
Back on track
Denny Jünemann took over the management of Captrain Deutschland Cargowest (CCW) on 1 October 2024. The Gütersloh-based company is part of the Captrain Group, which provides rail logistics services in Germany and Europe. Jünemann succeeds Captrain Deutschland managing... more
EU-Ukraine 'solidarity lanes' are a lifeline
Since May 2022 'solidarity lanes' have allowed Ukraine to export around 154 million t of goods. In total, around 153 million t of Ukrainian grain, oilseeds and related products were exported along these routes (50%) and the Ukrainian Black Sea ports (50%) between May 2022 and... more
New ships in DP World fleet promise fuel savings
DP World has expanded its marine fleet with two newbuildings, the ‘Navios Utmost’and the ‘Navios Unite’, which were named at a ceremony in China’s Changhong shipyard. These Sapphire 5300 compact gearless containerships are part of DP World’s fleet renewal, focusing on... more
Aircraft acquisitions in Asia Pacific
B&H Worldwide’s base in Hong Kong is preparing to provide extended logistics services to Aerfin, supporting the aviation asset specialist with its aircraft acquisitions in the region. Building on an agreement from 2023, the companies will now intensify their cooperation in... more
“Curiosity of the Day”
Omphaloskepsis is the contemplation of one's navel (as an aid to meditation). Omphalós means navel in Ancient Greek and sképsis means viewing, examination, speculation. more
Innovation and sustainability
LKW Walter celebrating its centennial this year. With more than 8,000 full truck-loads on the road and in combined transport every day, LKW Walter, a subsidiary of Austria’s Walter Group, is one of the leading players in the European transport industry. Now the family business,... more
25 new Vectrons for continental Europe
UK-based rolling stock lessor Beacon and Siemens Mobility have signed a major framework agreement for the delivery of Vectron multi system locomotives. The initial contract includes 25 units with a power of 6.4 MW and will supplement Beacon’s existing Vectron fleet. It... more
Röhlig opens Irish subsidiary
Röhlig Logistics has opened a new subsidiary in Dublin after having acquired a majority stake in its former local agent, Air Ocean Ireland. Following 20 years of collaboration with the logistics provider, Air Ocean Ireland will operate as Röhlig Ireland in future. Röhlig... more
New CEO for CST
Christian Späth will take over as CEO of Cargo Sous Terrain (CST) on 1 October 2024. His task will be to continue a project review and repositioning of the Swiss enterprise CST, already successfully initiated, and to lead the generational project into the next phase. Späth... more