Grant to promote hydrogen transport project 
Western Australia’s government has approved an AUD 10 million (EUR 6.8 million) grant to support a hydrogen project. It will set up a renewable hydrogen production, storage and refuelling facility at Woodside Energy's H2Perth site in Rockingham to support the early adoption of a... more
Hutchison Ports banks on Egypt
The Egyptian government and Hutchison Ports recently enhanced their cooperation by initialling agreements for two new concessions to operate container terminals in Ain Sokhna Port and El Dekheila Port. Marking the event, an initialling ceremony was hosted by Mostafa Madbouly,... more
Singaporean platform opens Caribbean capacities
Caribbean Airlines Cargo, headquartered in Trinidad and Tobago and with hubs in Miami, New York, Kingston, Guyana and Barbados, has entered into a partnership with the digital air cargo solution platform CargoAI. CargoAI users have thus had access to more connections between the... more
A powerful fleet for the UAE
The UAE’s Etihad Rail has received the first batches of its new rolling stock. The locomotives and wagons, which reached the UAE via Zayed and Al Musaffah Ports, will operate in Etihad Rail’s entire network.The rail company will increase its fleet of heavy freight locomotives to... more
OOCL – profits up, newbuildings down
Hong Kong-based Orient Overseas Container Line (OOCL), which was taken over by Cosco in 2018, handled 7% less containers in H1/2022 than in the same period last year, that is to say 3.65 million teu, down from 3.93 million teu.The line’s revenues increased by 61% to USD 11... more
Air cargo tonnages and rates both declining
Global air cargo flown tonnages and prices continued their gradual decline in the first two weeks of August after volumes staged a brief and partial recovery in the second half of July, as the latest figures published by World ACD Market Data show. Looking at week 32... more
LNG links NYK to Qatar
NYK has inked a long-term time-charter contract with Qatar Energy, the monarchy’s state energy company, for seven LNG carriers. The new sister vessels will be equipped with an X-DF 2.1 iCER and air lubrication system, both of which will contribute to a reduction of GHG emissions... more
Europa Worldwide Group promotes Carlo Turner
Carlo Turner has been promoted to the new position of non-network and continent director at Europa Worldwide Group as part of the firm’s plans to reach new markets and expand its presence in Belgium. Turner currently manages a growing team of 47 staff, located in Belgium and... more
Russia's fifteen projects in the Far East
According to information from the Russian news agency Tass, Russia’s Far Eastern seaports will be expanded. As statistics showed, the current annual cargo turnover of seaports in the Far Eastern Basin amounted at 131.2 million t (down 0.9% compared to the year before). It is... more
Wan Hai: more profit, new vessels
The Taiwan-based carrier Wan Hai saw its profits rise in Q2/2022 and is now investing in the expansion of its fleet. The liner's net profit rose to USD 1 billion in the second quarter, a significant uptick of almost 59% compared Q2/2023. Nevertheless, profits declined by 26%... more