Avianca's financial moves 
Minneapolis-headquartered global alternative investment firm Castlelake, which set up Castlelake Aviation in September, has completed the sale and leaseback of six A330-200 freight aircraft to Avianca with a ten-year lease term. Francisco Raddatz, VP of fleet at Avianca:... more
A trio for Savannah
In the Port of Savannah, which is part of the Georgia Ports Authority (GPA) on the US East Coast, the three maritime players Ports America, Ceres Marine Terminals and SSA Atlantic LLC have integrated their respective container terminal, truck gate and stevedoring services under... more
Converting four ATSG 767-300 into freighters
Air Transport Services Group, the world’s largest lessor of 767-300 converted freighters, has contracted with Boeing for the conversion of four aircraft to 767-300 Boeing converted freighters (BCF). “Our continued confidence in the 767-300 platform, now coupled with the... more
International trio for green energy
In a declaration of intent released during COP26 in Glasgow, the ports of Antwerp and Zeebrugge and the Chilean ministry of energy have announced plans to transport green hydrogen between Chile and Western Europe. The package of measures includes the production of green... more
How bottlenecks impact trades
The Copenhagen-based maritime consultancy Sea-Intelligence recently analysed the impact of bottlenecks in the maritime supply system from the perspective of vessel delays. Thus, vessel delays from 2016-2019 were compared to delays in excess of that baseline for 2020 and 2021.... more
Renewable fuel blends to further reduce GHG
Canadian National Railways (CN) and Progress Rail are advancing their sustainability efforts: The companies will promote renewable fuel blends including both biodiesel and renewable diesel in support of CN’s sustainability goals. Trials and qualifications of up to 100%... more
Sculpmeth for CBP Officers in Cincinnati
US Customs and Border Protection (CBP) officers at the port of Cincinnati discovered and seized methamphetamine that was concealed within two clay sculptures. While examining incoming freight from Canada, CBP officers selected a shipment described on the invoice as “2X... more
Rail service for 9 sqkm industrial park
The US transport company Omnitrax has begun operations as the new rail partner of the River Ridge Commerce Centre, southern Indiana’s industrial and business development park. Omnitrax will also work with state and local officials to attract new park projects. The expansion of... more
Focus on leasing business
Suttons International is acquiring ISO tank containers, personnel and overseas customer contracts from VTG Tanktainer, including VTG's shares in the Brazilian JV Mission Line. VTG's stake in the Cosco VTG Tanktainer JV to serve the Chinese market is not included in the Suttons... more
CMA CGM buys FMS in Los Angeles
It is a new chapter in CMA CGM's Transpacific trades. The French Group is acquiring the Fenix Marine Services (FMS) container terminal at the port of Los Angeles. The transaction is valued at about USD 2 billion. CMA CGM already holds a 10% stake in FMS and is to buy the... more