Threefold replacement of APAC services 
Ocean Network Express (ONE), the Singapore-based conjunction of the three biggest Japanese Container carriers, is launching three new Southeast Asia to Australia services as a direct replacement of existing routes. The new services will commence in early March, subject to... more
Korean Register reappoints Lee Hyungchul
The current chairman and CEO of Korean Register (KR) Lee Hyungchul is extending his tenure for three more years, as he was elected as the company’s twenty-fifth chairman and CEO at the extraordinary meeting of KR’s general assembly on 22 December 2022. During his thirty... more
From Singapore with love
Floristique Singapore has kicked off the new year with a change in its sustainability policy. The florist has opted for the transition away from diesel-powered vehicles — known for their high carbon emissions — towards electrically powered units. With a debut fleet of seven... more
Aircraft lessor invests in cargo drone fleet
Libra Group subsidiary LCI has signed an agreement with Elroy Air, a USA-based developer of advanced autonomous cargo aircraft systems, to acquire 20 aircraft with an option for a total of up to 40 units of the company’s "Chaparral" vertical take-off and landing... more
Extra cargo flights: a boost for Kiwi delicacies
China Airlines has scheduled eight dedicated B777F freight aircraft between Taipei and Christchurch for January 2023 to take famous South Island delicacies into Asian markets. The services will transport 800,000 kg of high value exports, including live lobsters, live... more
Recent developments in global piracy
The ICC International Maritime Bureau (IMB)'s report on global piracy in 2022 sums up 115 recorded incidents of piracy and armed robbery against ships – compared to 132 in 2021. In total, 107 vessels were boarded, two vessels hijacked, five attack attempts failed and one vessel... more
Traces of uranium at LHR
A man has been arrested and released on bail as part of an ongoing investigation linked to the discovery of traces of uranium within a cargo package at Heathrow Airport on 29 December 2022. Officers from the Met’s Counter Terrorism Command were contacted by Border Force... more
Mission accomplished in Eastern China
In Eastern China, the ESR Group, a major real asset manager in the Asia Pacific region, has completed ESR Wenzhou Ruian Logistics Park. The logistics facility has a planned GFA of more than 129,000 sqm. It is located in the Wenzhou Ruian Economic Development Zone, Wenzhou, a... more
Istanbul Alibaba's next hub?
Several international and Turkish papers have stated that the Chinese e-commerce group Alibaba is planning a new logistics hub in Turkey. Besides a warehouse close to Istanbul Airport, a data centre near Ankara is part of the scheme. The total investment will be USD 1... more
Who would like to buy Pembroke?
Standard Chartered is exploring alternatives for the future ownership of its aviation finance business, which includes Pembroke. Standard Chartered’s global aircraft leasing and financing operation manages a modern fleet of aircraft - but without maindeck cargo capacity -... more