Divestments and investments of Royal Vopak 
The tank storage company Royal Vopak achieved revenues of EUR 296.9 million in Q1/2020. Ebitda amounted to EUR 200 million compared to EUR 215 million (pre-divestments) in Q1/2019. On 31 January 2020, Vopak completed the earlier announced divestment of its 100% shareholding in... more
Efforts abound in South American markets
After widening its intra-American network, Latam Cargo is strengthening its supply between South America and Europe. Specifically, the company added a seventh weekly frequency, totalling a 40% increase in its offer compared to the period prior to the pandemic. Up until 18... more
Alliances weathering the storm differently
Deep-sea carriers have currently blanked 435 sailings. The Copenhagen-headquartered maritime consultancy Sea-Intelligence said in a recent bulletin that these cancelations stand for a decline in demand of 7 million t in 2020. The blanking measure, however, protects the... more
Maxine Krajniak joins Crane Worldwide Logistics
Crane Worldwide Logistics announced that Maxine Krajniak has joined the senior management team as vice-president cruise, marine & hospitality, to support the cruise industry, marine industry, and hospitality industry in their recovery post-Coronavirus Covid-19. Krajniak,... more
New locomotives to haul coal in Indonesia
Progress Rail in the USA has signed a contract with PT Kereta Indonesia (PT KAI) for 36 new freight locomotives that will expand the Indonesian railway operator’s existing GT Series fleet. The new traction will go into service for PT KAI’s South Sumatra coal haulage operations... more
Passing on oil price reductions
The freight forwarding associations Fiata and Clecat have called on the liner industry to relieve the burden imposed by Covid-19. With regards to the sudden decline of the price of very low-sulphur fuel oil (VLSFO), just after the steady rise in costs last year caused by the... more
IRU-UNECE call for coordinated measures
The International Road Union (IRU) and the UN Economic Commission for Europe (UNECE) continue their cooperative and proactive joint response to the Covid-19 pandemic. In a joint letter addressed to customs administration bodies, the two organisations stressed the importance... more
Emirates witnesses inbound e-commerce boom
"Emirates Delivers", the e-commerce delivery platform launched by the freight division of Emirates some six months ago, has witnessed a month on month jump of 20% in shipments delivered in March and April 2020. Targeted at individual shoppers and small businesses... more
Service in the Caribbean enhanced
Evergreen, which started its services in the Caribean in 1995 and appointed four agents in the region in 2008, will now extend its intra-Caribbean CAJ service to the US Gulf. The new rotation will include calls at Port Everglades, New Orleans and Houston, as the maritime... more
Spanning the Pacific Ocean
Aerolíneas Argentinas arranged its first two return flights to China last week. The flights took approximately 55 hours with 6 hours of estimated loading work, using an A330–200 specially prepared with nets to enlarge cargo capacity by up to an additional 84% (13 t). Taking... more