An acquisition in Japan 
M&G Real Estate Asia (M&G) has acquired a stake in the Singapore-based joint venture which owns the ESR Yatomi Distribution Centre (ESR Yatomi DC) in Japan on behalf of M&G Asia Property Fund. The ESR Cayman Limited (ESR)'s APAC core direct real estate fund has... more
Run on newbuilds continues
The next tsunami of new vessels is on the horizon. Industry service Alphaliner reports a run on newbuilds in H1/2021 by shipping lines, non-operating owners, investment banks and lessors alike. In fact, orders for about 300 vessel to be built at wharfs in China, South Korea and... more
Pall-Ex strengthens international business unit
Pall-Ex continues to drive its brand on a global scale: The pallet shipping network has appointed Karolina Thompson as its new director for international development. The goal is to further promote master licensees across the globe. Thompson, who has been with the company... more
Records also for OOIL
The first six months of 2021 were good to the Hong Kong-based Orient Overseas (International) (OOIL), a Cosco affiliate and the holding company of the liner Orient Overseas Container Line (OOCL). Profit in H1/2021 amounted to USD 2.8 billion, the group's best result so far.... more
Joint effort to ship agricultural goods by rail
The heads of Russian Railways (RZD) and Kazakhstan Railways (KTZ) have signed a memorandum of cooperation to organise the transport of agricultural products by rail. The Agroexpress service specialises in expedited deliveries of agro-industrial and food products in container... more
CMA CGM banks on development in Indonesia
The CMA CGM Group has launched its fourth container depot in Indonesia. The site in Cakung, East Jakarta, covers a surface of 35 000 sqm and has an operating capacity of more than 4,000 teu. Indonesia exports paper and rubber as well as manufactured garments, footwear and... more
More sales staff for B&H in Asia
UK-based Aerospace logistics provider B&H Worldwide has appointed Joel Eley to join its sales team in the South East Asian region. Before, Eley served as head of supply chain at the Airbus MRO subsidiary SAE (Sepang Aircraft Engineering) and SR Technics in Malaysia. He... more
Mixed results for ZTO Express
Shanghai-headquartered ZTO Express (Cayman) has released its financial results for Q2/2021. Parcel volume amounted to 5.8. billion, a 25.6% increase compared to Q2/2020 (4.6 billion). Revenues grew by 14.4% to RMB 7.3 billion (USD 1.1 billion), recording an uptick of 14.4% (RMB... more
Changes at the Ports of Auckland
Bill Osborne, chairman of the board at the Ports of Auckland, has decided to retire at the end of September. “The business now has as clear plan for the safety at the port, and for the completion of its automation project,” he said. The former rugby player wants to pave the... more
India revises inland navigation law
The ship classification society Indian Register of Shipping (IRClass) helped draft the inland vessels bill which was recently passed by the Indian parliament. The inland vessels act 2021 repeals the earlier inland vessels act 1917, which required major revisions, and is... more