UK’s Hico charms Bengal Tiger and CFS 
The trust fund Hico, owned by the British Hartnoll family, has acquired all the assets of Bengal Tiger Line (BTL) from CMIA Capital Partners, formed in 2017. With initial roots in Hamburg (1986), registration was subsequently transferred to Cyprus before BTL moved to Singapore... more
DHL Express partners with Singapore Airlines
International express service provider DH has welcomed the arrival of its new Boeing 777 freighter at Singapore Changi Airport. The freighter, which sports a dual DHL-Singapore Airlines (SIA) livery, has a maximum capacity of 102 t. SIA will operate it on routes to USA via... more
Benno Hägler promoted to COO of M+R Spedag
Benno Hägler has been appointed COO Switzerland of M+R Spedag Group and M+R Spedag Horizon. He has led the sales department for the last few years and now, as COO, he will also oversee the continent, overseas and customs business units, reporting directly to the group CEO.... more
Guardians set for change 
Restraint practiced by cartel authorities could soon come to an end. The cycle of mergers and acquisitions is continuing in the logistics industry. GXO wants to finalise its purchase of Clipper Logistics in the UK by the end of this year. Antitrust authorities’s green lights... more
China launches another Southeast Asian service
A new train links China’s northwestern province of Shaanxi with Vietnam. The first train left Xi’an on Tuesday, 23 August 2022, marking the first China–Vietnam freight train route connecting Shaanxi and Vietnam, according to the Chinese government’s homepage. The train is... more
Australian all-rounder under Bolloré’s flag
Lynair Logistics in Australia has been taken over by Bolloré Logistics, effective 1 August 2022. Lynair, which is based in Adelaide, will retain its brand name temporarily and continue its business operations as usual following the acquisition. Established in South Australia... more
A new connection on the Red Sea
P&O Maritime Logistics and Unifeeder are joining forces in the Middle East region. This is the first time P&O Maritime Logistics will be trading in the Red Sea with containers on a liner basis between Port of Jeddah and Port Sudan. The partners are establishing this... more
First “Together Green Global Hero”
DHL and the ABB FIA Formula E World Championship completed Season 8 earlier this month at the Hana Bank Seoul E-Prix in South Korea. At this occasion, they announced the winner of the first DHL & Formula E together green award: Monica de Russis from “Amigos en el Camino”... more
Analysts expect seafreight volumes to fall
Copenhagen-based maritime analyst Sea-Intelligence sees reasons to assume that the demand-led spikes seen during the pandemic that propelled container shipping to record earnings might be over. Sea-Intelligence has gone over the numbers on supply and demand from February... more
CJ Logistics is on the move
Seoul-based CJ Logistics has reported its results for Q2/2022. The South Korean company achieved revenues of KRW 3.1 trillion (USD 2.3 billion), up 14.2% compared to the same period last year, while the operating profit rose by 28.2% to KRW 116.1 billion (USD 86 million). CEP... more