A lot of money for Lineage Logistics 
Lineage Logistics, a major player in temperature-controlled logistics since 2008, has raised USD 1.9 billion in equity from new and existing strategic partners for investments in facilities and technologies. Among the investors are Bentall Green Oak, D1 Capital Partners,... more
2020: uptick in reefer market
The reefer market saw a global upswing in 2020, with a worldwide average growth of 3%-4%. The increased volume of reefer containers in the Belgian port of Antwerp last year is partly due to the increased demand for healthy foodstuffs and pharmaceutical products. In 2020, the... more
From Alaska to the Spanish Isles
The Alaska Department of Transportation and Public Facilities (DOT&PF) recently sold ferry vessels to Spain. In mid-March, the AMHS vessels the “Fairweather” and the “Chenega” were acquired by Servicios y Concesiones Maritimas Ibicencas of Ibiza (Spain).The sale price for... more
New sales and marketing director
Drone Delivery Canada (DDC) has further bolstered its sales and marketing team by hiring Armen Keuleyan as the director the unit from 1 March 2021. Michael Zahra, DDC’s president and CEO, said that “we're also adding representatives to the sales and marketing department to... more
Very big transactions
Aercap, a global leader in aircraft leasing headquartered in Dublin, is to acquire its competitor GE Capital Aviation Services (Gecas). GE will receive 111.5 million newly issued Aercap shares, USD 24 billion of cash and USD 1 billion of Aercap notes and/or cash. Upon... more
Two appointments at American Club
Shipowners Claims Bureau (SCB), managers of the American Club, has appointed Andrew Dyer and Niki Tiga (photo) in its Piraeus office (Greece) to consolidate service to club members and EOM insureds. They replace Despina Beveratou, who is pursuing new interests. Currently a... more
Better rates with environmental standards
Following the implementation of the Environmental Ship Index (ESI) in March, the Brazilian Port of Açu now operates according to the ranking of classified vessels that exceed the emission standards issued by the International Maritime Organisation (IMO). Ships which perform... more
Hellmann Worldwide Logistics gains CCO
Global full-service logistics provider Hellmann Worldwide Logistics has named Patrick Oestreich as its new chief commercial officer. Succeeding Jens Möller, who took over the role on an interim basis in August 2020, Oestreich will head the global sales leadership team, effective... more
Unmasking creative smuggling methods
Over a recent period of six days, US Customs and Border Protection (CBP) officers at Cincinnati airport seized several shipments with illicit cargo, each smuggled in a unique way. On 23 February, narcotics detector dog Bruno alerted to a shipment of cookware transiting from... more
Virginian comeback
After a serious setback in Q2/2020 (see ITJ Daily of 17 May 2020), the port of Virginia came back strongly, enjoying its best December and handling more than 260,000 teu, a rise of 16%. In total, Q4/2020 saw more than 814,000 teu processed in the port’s two expanded VIG and NIT... more