Facility close to Seoul changes hands 
South Korean ESR Kendall Square REIT has acquired another mixed-use logistics facility for KRW 103 billion (USD 94.2 million). This acquisition follows the recent launch of “Anseong LP”/“Yongin BRIC” located in the logistics hub of the broader Yongin area about 1.5 hours... more
Bimco and ICC promoting e-BL
The Baltic and International Maritime Council (Bimco) has partnered with the International Chamber of Commerce (ICC) and other stakeholders to develop a global electronic bill of lading model for vessels operating in tramp traffics. Bimco says that this initiative will be... more
Strategic partnership for air cargo data
Spire Global, a space-based Earth data analytics company headquartered in San Francisco, and TAC Index, a specialist publisher of air cargo data for both industry users and the financial markets from Hong Kong, have announced a strategic partnership to support the launch of TAC... more
Azerbaijan carrier running regularly to Georgia
Ady Express has started transporting another cargo category along international transport corridors that pass through Azerbaijan. Thanks to a cooperation with the Russia-based Mechel Group, which produced 3.7 million t of steel and 3.5 million t of pig iron in 2020, Ady Express... more
Yantian's backlog spreads epidemically
After a detected Covid-19 outbreak amongst port workers on 25 May, the median dwell time at Yantian Port (China) has risen to 18 days since the first week in June, according to the Chicago IL (USA)-based maritime analyst Project 44. The pandemic continues to spread as... more
Teleport injects cargo capacity to Southeast Asia
With the operation of its very first freighter, a dedicated B737-800F, and the use of two Air Asia A320 "preighters", Teleport, the logistics venture of Air Asia Digital, is further reinforcing its position as a regional air logistics player. The freighter will begin... more
Hill Dickinson boosts Singapore commodities expertise
Hill Dickinson has appointed Iain Sharp, a commodities disputes specialist, as partner in the Singapore office. The aim is to enhance the firm’s commodities practice in Singapore, as well as to work with Hill Dickinson’s shipping and trade lawyers in London, Hong Kong and... more
K Line bestows environmental awards
This is the seventh round of environmental awards since they were established in 2015. K Line has accepted many entries from group companies both in Japan and overseas. Activities of seven companies were selected, based on the criteria originality, challenge level, degree of... more
Third Swiss humanitarian flight to South Asia
After supplying aid to India and Nepal during May, Switzerland is also helping Sri Lanka to combat the Covid-19 pandemic. On Monday 7 June 2021 Swiss Humanitarian Aid dispatched medical supplies weighing 16 t and worth CHF 3.5 million (EUR 3.2 million) to Colombo, including half... more
Eco-friendly winds from Japan
Japan-based shipbuilder Namura Shipbuilding and operator NS United Kaiun Kaisha have entered into a partner agreement for a joint research project aimed at developing a wind-powered system. Following the International Maritime Organisation’s decarbonisation targets to reduce... more