Wan Hai's next investment 
Demand for maritime cargo capacities remains high, with prices still soaring. The German Danz und Tietjens Schiffahrtsgruppe sold a vessel to the Chinese liner Wan Hai for almost USD 110 million. The German company had bought the 5,500 teu unit “Allegoria”, which was built... more
Breaking ground in Rayong, Thailand
With its partner Ratanakorn Asset Management, the FLS Group recently broke ground on its new supply chain centre in Rayong, Thailand. The 40,000 sqm site will be serving both the Maptaphut and Ban Khai industrial estates. The warehouse is intended to store hazardous... more
Maritime cyber security still underestimated
In a recent report, maritime consultant Cyber Owl and law firm HFW found that where cyberattacks in the maritime industry result in the payment of a ransom, shipowners pay more than USD 3 million on average to the perpetrators. The research is based on a survey of more than 200... more
Finnish operator banks on Trans-Caspian route
Nurminen has closed its Russian office ‘for the time being’ and is developing a Trans-Caspian route from Asia to Europe as a result of ‘extensive changes in the operating environment’ since Russia’s invasion of Ukraine. Last week Nurminen signed an agreement with the Kazakh... more
The Challenge Group and Tiaca
The Challenge Group, an international air cargo conglomerate offering airfreight handling and road-feeder solutions, recently became a member of Tiaca, the industry association based in Miami FL (USA). “We already joined Tiaca as a non-voting member in October 2021,” says... more
ECS introduces post and e-commerce solution
In 2021 the ECS Group operated 25 dedicated mail and e-commerce charters from Hong Kong to Europe and from Europe to Africa, transporting more than 200 t of post and e-commerce parcels, whilst also offering CN-flow transport solutions to postal operators through its... more
A new channel between UK and Turkey
The Hong Kong-based Kerry Logistics Network (KLN) recently launched another ‘one-stop solution’ (1S2) for imports and exports between the UK and Turkey. “Turkey is a growth market and key cargo hub for the UK, particularly for textiles and fashion, automotive cargo and... more
Asian shipowners taking the lead
According to the analysis in Clarksons latest weekly report, the tonnage of the global fleet operated by Chinese shipowners has surpassed the tonnage of European fleets for the first time. The Asian part of the global fleet accounts for 43% of the total, with 48,472 vessels and... more
Flying horses from Shannon to Shanghai
In partnership with Etihad Cargo, the logistics arm of UAE's national carrier Etihad Airways, livestock transportation air charter specialist Intradco Global recently transported 75 thoroughbred horses from Shannon, Ireland, to Shanghai PVG, China, onboard a B777-200F. It... more