Capacities flowing back
The Copenhagen-based maritime intelligence provider Sea-Intelligence recently leveraged the capacities deployed by the carriers with the rates in the market. In the weeks following Golden Week (weeks 41-43), carriers are taking out significant levels of capacity per week on... more
Bolloré welcomes Loig Pavard back to Asia
Bolloré Logistics has appointed Loig Pavard as chief executive officer of Bolloré Logistics Singapore. He will report directly to Cyril Dumon, CEO of Bolloré Logistics Asia-Pacific. Pavard brings over 22 years of experience in the supply chain and logistics industry. During... more
OOCL's revenues keep rising
Cosco affiliate Orient Overseas Container Line (OOCL), headquartered in Hong Kong, has reported its figures for Q3/2022. The revenues passed the threshold of USD 5 billion, a significant increase of 16.9% compared to Q3/2021 (USD 4.31 billion). Yet, cargo flows went down by... more
Qatar Airways Cargo on two digital platforms
Qatar Airways Cargo has chosen to publish its capacity on Cargo Ai, significantly augmenting the platform’s Middle-Eastern presence and global network reach. The +6,500 forwarder users in 105 countries of the Singapore-based digital marketplace can now look forward to real-time... more
Lenton Group promotes Valérie Dubuisson
Valérie Dubuisson has been appointed CEO for the Lenton group with effect from 28 September 2022. She takes over from Morty Langslow, the founder of the company. Langslow stays on as a shareholder, together with Geopost and Japan Post, and as a Lenton group director.... more
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