High container demand raises Singapore prices 
Recent data from Container xChange indicates a significant rise in container prices and leasing rates at the port of Singapore due to global congestion. From October 2023 to May 2024, average container prices surged by 26%, while leasing rates on routes such as China to the USA... more
Public subsidy for ammonia supply project
Japan Petroleum Exploration, Mitsubishi Gas Chemical, IHI Corporation, Mitsui & Co., and Mitsui O.S.K. Lines have received approval for their survey to establish an ammonia supply base in Soma, Fukushima Prefecture, under the FY 2024 “subsidy for measures to promote... more
Hanoi-Europe train launched
The new service, introduced by Yusen Logistics, is one of the few solutions that uses rail connections between Asean member countries and Europe. Shipments are transported from Hanoi, Vietnam to Chongqing, China by freight trains and transferred to the China-Europe railway... more
China sends more industry-trains to Europe
Last Saturday, 8 June 2024, China-Europe Express Railway dispatched the first, direct express freight train from Shanghai in China to Düsseldorf and Neuss in Western Germany. Over 100 cities in twelve Eurasian countries are now connected to Shanghai by express rail. A new... more
Dongguan: a key air cargo hub
Yusen Logistics has expanded its services at Dongguan Humen Bonded Logistics Park (BLP), which now include handling air import cargoes. This allows for a one-stop solution for imports and exports via Hong Kong International Airport. Previously, Yusen focused on taking... more
Synergies between Doha and Kuala Lumpur
Two years after Malaysia Airlines and Qatar Airways concluded an expanded codeshare agreement to offer increased connectivity to their passengers, the Oneworld partners Malaysia Aviation Group and Qatar Airways Group have further expanded their cooperation with the signing of an... more
Ikea's Indian itinerary
Ikea is expanding in the Indian market with the help of Rhenus Group, a logistics provider with an established local network. More specifically, the furnishing company is aiming for growth in the Dehli National Capital Region. Growing demand for high-end real estate in... more
Taiwan monopile removal wrapped up
Jumbo Offshore has completed the removal of two monopiles at the offshore wind farm (OWF) Yunlin in Taiwan. The contract, which was awarded by Yunneng Wind Power (YWPC), required the DP2 heavy lift crane vessel “Fairplayer” to handle the underwater cutting, recovery,... more
Volumes and rates from Mesa and Apac still rising
According to World ACD’s weekly analysis, average air cargo rates in May of USD 2.78/kg from Middle East and South Asia to global destinations were up +47%, year on year (yoy), with tonnages +17%. Bound for Europe, the month's average spot rate of around USD 3.35/kg was more... more
A taste of Thailand
SCG International is working with a Saudi Arabian conglomerate to introduce Thai and Asian flavours to the country’s markets. Tamimi Markets, a subsidiary of Tamimi Group and SCG International have signed an mou, whereby SCG will take over the distribution of the products to... more