Higher speed and improved punctuality
With the time table change in India, effective from 1 October 2022, about 500 mail express trains have been speeded up by 10 to 70 minutes. 130 services (65 pairs) have been accelerated by converting to Superfast category, the Indian ministry of railways reports. Overall,... more
DHL is not Fedex
Deutsche Post DHL Group is celebrating its preliminary results for Q3/2022. A particular focus lay on the group’s ebit, which passed the threshold of EUR 2 billion over the period (Q3/2021: EUR 1.78 billion). Thus, with its group ebit for the first nine months of 2022... more
MSC extends service in Southern Pacific
The carrier MSC is extending its Noumea Express service in order to include the Fiji islands, due to market demand. This service will connect MSC’s global network to and from Lautoka and Suva on a fortnightly basis via Sydney/Brisbane, enhancing the company’s presence in the... more
New logistics fund in the making
The Asian ESR Group has raised AUD 540 million (USD 351 million) for its new venture, EADP II, a develop-to-core logistics fund. With a targeted fund size of AUD 1 billion (USD 650 million) for EADP II, GIC, ESR's Pan Asia Fund, has committed the lion's share with AUD 490... more
IAG Cargo flies emergency aid to Pakistan
IAG Cargo, the cargo division of International Airlines Group (IAG), has donated the capacity to transport 34 t of emergency aid to Islamabad, Pakistan, following the devastating humanitarian crisis caused by floods across the country. A large consignment of over 8 t of vital... more
HFW continues growth trajectory in Australia
Continuing its growth strategy in Australia, sector-focused law firm HFW has hired shipping lawyer. Ashwin Nair. He specialises in shipping, admiralty and marine insurance, acting for shipowners and charterers and their P&I Clubs and other insurers of marine risks, with a... more
Testing a new rail route for containers
Trans Container, Russian Railways (RZD) and Ulaanbaatar Railways (UBTZ) have organised the first railway shipment of containers from China to Russia via the Solovyevsk border-crossing point (Zabaikalsky Krai) on the Russian-Mongolian border. To date, this border-crossing... more
Poseidon, ONE et alia going for Atlas
The takeover of Atlas Corp., the holding with Seaspan as a major global containership lessor in its portfolio, is around the corner. On behalf of a consortium composed of David L. Sokol, chairman of the board of directors of Atlas , certain affiliates of Fairfax Financial... more
Honours for the pioneers of the pallet's triumph
Oliver Richter (1920-2014), an Australian who, as trade manager of Brambles in the 1960s, discovered the potential of a closed rental pool for load carriers and successfully established today's Commonwealth Handling Equipment Pool (Chep) system, and George Raymond Sr.... more
Which is the cheapest sustainable marine fuel?
A study commissioned by SEA-LNG, a UK-based industry foundation, has found that liquified bio-methane (bio-LNG) offers real opportunities for maritime decarbonisation. Conducted at the Nanyang Technological University (NTU Singapore), the study points out that bio-LNG can be... more