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
25 carbon-neutral flights around the world
American Airlines, which has been taking delivery of sustainable aviation fuel (SAF) at San Francisco airport since last summer and has committed to using 9 million gallons of SAF over the coming three years, has reached an agreement in principle with Kuehne+Nagel to allocate a... more
Canada: expanding LTL segment
Mullen Group, one of Canada's largest logistics providers, has signed a letter of intent to acquire Mississauga based APPS Transport Group. The agreement envisages standard due diligence and the execution of a purchase and sale agreement, both of which have been initiated.... more
Bang moves to JAS
JAS Worldwide has named David Bang as EVP, global pharma & healthcare. He has held executive positions in the logistics, supply chain, healthcare and life sciences industries during a professional career spanning more than 20 years. In 2005 Bang co-founded LifeConEx, a... more
The beat goes on for DHL
Deutsche Post DHL Group remains a winner in recent trends and developments. Confirming its preliminary figures announced for 2020 in January, the Germany-headquartered group was able to raise its revenues by 5.5% year-on-year to EUR 66.8 billion and witnessed a substantial... more