New Indian Greenfield Airport in 2023
Airports Authority of India is currently building the New Greenfield Airport in Rajkot, the fourth largest city in the state of Gujarat, to serve a growing population and manage the increasing flow of air traffic in this region. The new airport, spread over 1,025 hectares,... more
Shanghai still ahead in 2022
In terms of throughput, Shanghai is again ahead of Singapore in 2022. Despite the pandemic shutdowns, the Shanghai International Port Group (SIGP) handled more than 47.3 million teu last year. While container volumes were volatile in Q2/2022, July set a new monthly high with... more
Two more Caspian countries join e-CMR
Azerbaijan and Turkmenistan, two countries at the heart of east-west and north-south trade routes, have acceded to the e-CMR protocol, committing to fully paperless goods transport. By eliminating paperwork, e-CMR lowers handling costs, eliminates administrative and... more
MOL procures loan for sustainability
The Japanese carrier MOL recently made use of another transition-linked loan with Sumitomo Mitsui Banking Corporation. This is Japan’s first global commitment line agreement using this kind of loan. It is a financial instrument designed to assist companies that are taking action... more
Changes in cargo flows
The Copenhagen-based maritime agency provider Sea-Intelligence recently published an analysis of the cargo streams on the North America West Coast (NAWC). Compared to 2019, volume growth in 2022 stagnated during the first two months of the traditional Q3 peak season and... more
PSA keeping the balance in 2022
Singapore-headquartered PSA International (PSA) has reported its results for 2022. In total, the Group handled container volumes of 90.9 million teu globally. Compared to 2021, the group’s volume decreased by 0.7%. The flagship PSA Singapore contributed 37 million teu (-0.7%),... more
Another way of Californication
The Japanese container shipping company Ocean Network Express (ONE), headquartered in Singapore, has signed agreements to acquire a 51% stake in two terminals on the US West Coast - Tra Pac and Yusen Terminals (YTI). MOL and NYK as well as Macquarie Infrastructure Partners... more
Stepping into Vietnam
The Hong Kong-headquartered ESR Group has invested in an equity stake of the BW Industrial Development Joint Stock Company, by the way of an affiliate. This investment was part of BW’s larger primary capital raise of up to approximately USD 450 million that includes other... more
Chapman Freeborn boosts regional management team
Chapman Freeborn has appointed four new executives to head up its regional divisions as the global air charter specialist prepares to celebrate its 50th anniversary in 2023. Andy Hudson (fltr) is now regional CEO, APAC; Reto Hunziker is regional director, Europe; David... more
The Alliance and the Atlantic
Falling volumes are causing problems in the deployment of ultra large container ships (ULCS). The Alliance is now focusing on Asia and Northern Europe. In its estimation, the Asia-Northern Europe trade is regaining in importance. Hapag-Lloyd, ONE, HMM and Yang Ming have thus... more