Promotions at MOL 
Mitsui O.S.K. Lines (MOL; president & CEO: Takeshi Hashimoto) has proposed the following changes to its directors and executive officers, effective 1 April 2023. The reappointments of MOL’s directors and auditors are subject to approval at the annual shareholders’ meeting to... more
Twilight of the alliances 
The end of 2M is looming, ringing in a new era. Maersk hasn’t revealed more than the fact that the decision was “thoroughly evaluated and was mutually agreed.” The end of 2M, due in 2025, is potentially highly explosive for the market. more
Iata: yields and revenue should stay stable
The International Air Transport Association (Iata) has released data for global air freight markets showing that demand in 2022 took a significant step back from 2021 levels but was close to its performance in 2019. Willie Walsh, Iata's director general, mentioned... more
Digitisation to drive air cargo hub in Goa
GMR Goa International Airport, a subsidiary of GMR Airports Limited (GAL), was inaugurated in December 2022, and the domestic air cargo operations went live from an interim facility at the airport, supported by a digital solution in January. Provided by Kale Logistics... more
A crane with "shark skin"
Lufthansa Cargo's D-Alfa, the world's first freighter to be equipped with "Aeroshark", took off for the first time on 3 February 2023, connecting Frankfurt with Bengaluru (India), from where it flew on to Chengdu (China). The innovative surface film that mimics the... more
Regular rail service for Chinese e-cars launched
Fesco Transportation Group has organised its first dispatch of new electric cars from the Chinese city of Guangzhou to Moscow in Russia. A batch of electric cars was sent off in two container trains. Starting from February, 50 forty-foot containers are scheduled to be... more
Westbound transatlantic air cargo in January
Despite high inflation and falling US retail sales, westbound air cargo volumes between Europe and North America rose 6% year-on-year in January but overall global air cargo demand continued to fall, down -8%, as an earlier Chinese New Year and economic headwinds subdued other... more
Iris and PIL engaged
The Philippines-based Iris Lines, formerly Royal Cargo Lines (RCLI), inked a joint service agreement with Pacific International Lines (PIL) in early February this year. This new Intra-Asia service will connect the Philippines to Singapore and Thailand. According to Iris... more
For the last-mile network in Bangladesh
Shop Up, a B2B commerce platform based in Bangladesh, has secured USD 30 million in debt financing, with Lendable contributing USD 20 million as the major investor. For the global provider of debt financing to fintech companies in emerging markets, this was the first venture... more
Aercap to lease Four Big Twins to Fly Meta
Aercap Holdings has signed lease agreements for four Boeing 777-300ERSF aircraft with Hong Kong-based global air cargo charter company Fly Meta. The aircraft are scheduled to be delivered in 2024 and 2025. The Boeing 777-300ERSF, also known as 'The Big Twin', is the first... more