MSC plans Sentosa service 
MSC has launched a new container shipping link, the Sentosa service, to widen its network between southeast Asia and the US west coast, with a view to improving reliability in the transpacific network at a time when the entire market remains under considerable systemic pressure.... more
Tunisair tries again
After the guest appearance of Olfa Hamdi, a young executive from outside the company, at the helm of Tunisair (see ITJ 11-12/2021, p. 5) was of only short duration, the Tunisian government is once again relying on a manager with in-house experience to take her place. Khaled... more
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