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
DHL launches a second connection in Laos
DHL Express expanded its footprint in Laos. Located in Xaysettha District in the county’s capital city Vientiane, the new service point will enable customers to send and collect shipments to and from destinations outside Laos. This is the second service point opened within one... more
For a change in East Africa
A feeder service was recently enhanced in East Africa. The French line CMA CGM announced that it has deployed more capacity on its feeder service connecting Kenya to the island of Zanzibar (Tanzania) A second vessel, the ‘Onego Bora’, which is solely operated by CMA CGM, has... more
A closer look at the Middle Corridor 
Talking to Nikolaus Kohler, Militzer & Münch’s regional manager for the Middle East and Central Asia. The Middle Corridor is very much the talk of the town these days. There are no end of difficulties on trans-Asian routes, however, as they aren’t fully developed yet and... more
Nicole – an uninvited guest
Optimism prevailed at Tiaca ACF 2022, despite dark clouds in the air cargo skies. Tiaca once again held its Air Cargo Forum recently – four years after the last edition of the world air cargo association’s ACF in Toronto (see pages 18-19 of ITJ 45-46 / 2018). The fact that more... more
Banking on East Africa
New service linking India, UAE, Kenya, Tanzania. Three shipping lines have one eye clearly focused on expected growth of 8% for East African economies. They are set to cooperate on a joint service that will connect India and the United Arab Emirates to Kenya and Tanzania. more