Wan Hai sets new sails 
Shipping company Wan Hai Lines recently reported its results for Q1/2021. Wan Hai's revenue was up a significant 114% from Q1/2020, to TWD 38.62 billion (USD 1.37 billion), while net profit took a great leap of 157% to TWD 14.78 billion (USD 526.09 million). The Chinese... more
MOL Plus makes first strike
Founded in late April 2021, MOL Plus, a venture capital fund (CVC) firm owned by Mitsui O.S.K. Lines (MOL) has now chosen its first investment. The investment pool is JPY 4 billion (USD 36 million). The CVC’s first project is the “Real Tech Fund”, operated by Real Tech... more
Proponent partners with Sine Draco
Proponent, a Californian aerospace parts distribution business, has been selected by Sine Draco Aviation Technology to serve as a Tier 1 supplier of machined parts and other conversion hardware for Sine Draco's A321 freighter conversion programme. Under the deal, the team of... more
Green light for nine new routes
Hong Kong Air Cargo (HKAC) has received approval from the Hong Kong Air Transport Licensing Authority to operate scheduled cargo flights to nine new routes. In December 2020, HKAC formally submitted applications to add Chennai, Delhi, Jakarta, Liege, Manila, Melbourne,... more
Apex takeover takes last hurdle
The authorities have given the green light for Kuehne + Nagel's acquisition of Apex International Corporation (Apex). Apex, which is especially dedicated to the transpacific and intra-Asia trade routes, is now part of the K+N group. The freight forwarding group, which in... more
Boeing to convert B737-800 in Costa Rica
Boeing will open the first of two 737-800BCF conversion lines with Cooperativa Autogestionaria de Servicios Aeroindustriales (Coopesa) in Alajuela, Costa Rica early next year. The US aircraft manufacturer forecasts that 1,500 freighter conversions will be needed by 2040 to... more
12,000 HP move 6,000 t at 120 km/h
Indian Railways has received its 100th electric locomotive manufactured by Alstom. As part of the EUR 3.5 billion contract won in 2015, the manufacturer will be supplying 800 fully electric high-powered double-section locomotives of 12,000 HP (9 MW) for freight service, capable... more
Teaming up for logistics in Vietnam
Two members of the same family, ESR, an APAC focused logistics real estate platform and BW Industrial Development Joint Stock Company (BW), a major logistics and industrial real estate developer and operator in Vietnam, have formed a joint venture to develop an industrial park... more
Direct access to transport pricing information
The International Road Union (IRU) is partnering with Upply to provide access to key transport pricing information. Upply’s data will be made available to IRU members via its online Intelligence Platform service. IRU’s Intelligence Platform brings together real-time... more
Air bridge from Dubai to nine cities in India
Emirates has set up a humanitarian air bridge to support India in its fight to control the Covid-19 situation in the country. The Dubai-based carrier will offer cargo capacity free of charge on an "as available" basis on all of its flights to nine cities in India, to... more