Impact of cyberattack slows down 
Its outstanding financial performance in Q1/2021, ahead of other carriers in a bull market, did not save South Korean HMM from become the target of a virus attack. This is another landmark after the incidents concerning Maersk in 2017, Cosco in 2018 and CMA CGM in 2020. This... more
Joining forces to create locomotives
Rusano, Russian Railways (RZD) and Sinara have formed a partnership to develop trunk and shunting freight locomotives using power plants based on electrochemical hydrogen fuel cells in conjunction with lithium-ion batteries. RZD will act as a potential customer for... more
Chipolbrok`s great anniversary
Chinese-Polish shipping company Chipolbrok is celebrating its 70th anniversary. In the early 1950s, the People's Republic of China formed a start-up with a newly founded POL Polish-Ocean Lines. Both parties invested in it in equal shares of 50% and the contract of cooperation... more
Third life for a "Queen of the skies"
From passenger plane to water tanker - and soon a freighter. This is the career of a "jumbo" that was initially in service with Japan Airlines. In 2016, the B747-400 was converted by a group of investors into the largest water bomber ever. With its 66,200-litre... more
Unprecedented profits continue
The Copenhagen-based maritime consultancy Sea-Intelligence reported that the eleven largest shipping lines generated combined operating profits of USD 13.3 billion in H2/2020. Results for the large shipping companies remained equally strong in Q1/2021. While the first... more
Korean Air's longest flight ever
Thanks to Covid-19, Korean Air flew its longest non-stop flight since its establishment in 1969 using one of the 16 passenger planes it has converted into freighter aircraft by removing passenger seats. Flight KE8047, one of 8,300 cargo-only flights Korean Air operated... more
ONE to certify land operations
Following Ocean Network Express’ (ONE) ISO 14001 certification in marine operations in 2018, the company’s affiliates in Europe and Africa plan to obtain the same accreditation but this time enhancing their environmental performance of landside operations as well. The ISO... more
XPO Logistics names executives for spin-off
XPO has appointed Eduardo Pelleissone president for the Americas and Asia Pacific regions and Neil Shelton chief strategy officer of GXO Logistics. Their positions will become effective when XPO’s intended spin-off comes on stream in Q3/2021, creating two pure-play industry... more
All hands on deck! 
May saw a depressing new record set in India, with more than 28 million cases of a new variant of Sars CoV 2 reported. Bringing the foreign relief available to India and its health system is quite a logistics challenge. The ITJ spoke to Mukesh Aghi, president of the US-India... more
35 new wood chip wagons
VR Group’s Russian subsidiary Finnlog is expanding its rapidly growing operations. The company’s 35 new wagons will be deployed to import wood chips from Russia to the Metsä Group pulp mill in Joutseno, Finland. Finnlog specialises in wagon operating services in eastern... more