New wind technology sets sail 
In a pioneering partnership, Cargill, BAR Technologies, Mitsubishi Corporation, and Yara Marine Technologies are introducing innovative wind propulsion technology for commercial shipping. Mitsubishi's 'Pyxis Ocean', chartered by Cargill, is the first ship to be retrofitted... more
ESR sets up RBM 10 billion income fund
ESR Group has established its largest-ever RMB income fund with one of China’s major insurance companies, launching with a total investment capacity of approximately RMB 10 billion. The fund will be seeded with a prime logistics portfolio of RMB 2.3 billion from ESR’s balance... more
Geodis strengthens intermodal network to China
The extended network to Shenzhen from Singapore will officially launch on 23 August 2023 and will subsequently be extended to Hong Kong (China), and soon to Indonesia, connected by an inter-modal road-sea service. The network features advanced IoT technology and equipment... more
CNC launches Bay Bengal Express
CNC, CMA CGM's sole Intra-Asia short sea operator since 2019, is introducing the Bay Bengal Express 6 (BBX6) service, connecting ports in Bangladesh, Malaysia, Vietnam, and China. Described as a direct link from Ho Chi Minh to Port Klang and Chittagong, it establishes a... more
First destination in Oceania
With its maiden flight from its Shenzhen hub to Port Moresby, the capital of Papua New Guinea on 20 August 2023, SF Airlines, the airline of the Chinese courier service SF Express, added its first scheduled destination in Oceania to its network. The B747-400 freighter... more
Stake in HMM up for grabs
The bidding process for South Korea's key global container carrier, HMM, is drawing to a close. The majority stake is held by state policy bank KDB and Korea Ocean Business Corporation after the bankruptcy of Hanjin Shipping in 2017, with around 58% of their 75% ownership being... more
DHL Supply Chain: a new CEO for Asia Pacific
DHL Supply Chain, the contract logistics arm of Deutsche Post DHL Group, has announced a change in its regional management as Terry Ryan, CEO DHL Supply Chain Asia Pacific, is retiring from the DHL Group after more than 40 years of valued contribution to the company. Javier... more
Ceva Logistics expands presence in India
Founded in 2016, Stellar Value Chain Solutions in India is a key player in contract logistics with omni-channel fulfilment services in the e-commerce, automotive, food, and many more market segments. Ceva will acquire more than 70 facilities in 21 cities in India, taking over a... more
Anemoi rotor sails cut fuel and emissions
The installation of rotor sails on the 82,000 dwt Kamsarmax bulk carrier, TR Lady, was completed in June 2023, marking a collaboration between Tufton Investment Management, Anemoi Marine Technologies and Cargill. Equipped with three 5x24 m Rotor Sails, TR Lady harnesses wind... more
Boeing confirms Alvin Liu in China
Boeing has appointed Alvin Liu as president of Boeing China, effective 1 September 2023. Liu has been serving as interim president since 10 July 2023, following the announcement that his predecessor, Sherry Carbary, plans to retire later this year, concluding a distinguished,... more