Four new directors on Tiaca board 
Following a year of internal re-organisation and changes in its governance structure, Tiaca has appointed four new board members: Liana Coyne, Coyne Airways; Bob Chi, Sats; Manel Galindo, Webcargo; and Hendrik Leyssens, Swissport. Each new board member has been vetted by the... more
More mega ships for Evergreen
Taiwan-headquartered shipping company Evergreen Marine plans to build 20 new container vessels with a capacity of 15,000 teu each. According to press reports, the carrier will invest between USD 115 and USD 130 million per vessel. For 20 newbuilds, the total investment... more
TIR: double profit for Pakistani forwarder
A new TIR route has been opened between Russia and the United Arab Emirates (UAE). It covers a significant portion of the international north-south transport corridor, which stretches from Russia to India, and leads through Azerbaijan and the Iranian port of Bandar Abbas.... more
Start-up taps into freight business
Vietravel Airlines, a start-up launched in January, is considering entering the cargo market with in-house dedicated freighters, building on its current charter agreement with Indonesian carrier My Indo Airlines, covering services between Ho Chi Minh City and Bangkok.... more
A good year for Yang Ming, too
Taiwan-based Yang Ming Marine has reported its 2020 annual financial results. Consolidated revenues increased by 1.4% to NTD 151.28 billion (USD 5.11 billion) last year (2019: 5.03 billion), while handled volumes amounted to 5.07 million teu. Yang Ming’s profit after-tax... more
Asian Pacific cargo continues to grow
Preliminary February traffic figures released by the Association of Asia Pacific Airlines (Aapa) showed that a robust export activity amid improving global business confidence boosted demand for air cargo. For the region’s carriers, international air cargo demand, as... more
A strong year for KLN
Hong Kong-based KLN reported strong results for 2020. China’s Kerry Logistics Network benefited from measures to counter Covid-19. Its revenues increased by around 30% to HKD 53.4 billion (USD 6.9 billion) compared to 2019. Its core operating profit increased by about 20% to... more
HMM's maiden on tour
The HMM “Nuri”, the first of eight 16,000 teu-class newbuild containerships, started its first voyage from the port of Busan in Korea. The vessel flying the Liberian flag is deployed on the Far East Europe 4 (FE4) route under THE Alliance’s product plan, with the following... more
Increasing rail capacity for Mid Canterbury
New Zealand’s railfreight carrier Kiwi Rail has signed an agreement with Fairfield Freight Hub, paving the way to increase rail volumes through Kiwi Rail’s current Ashburton rail site and creating the potential for a new container terminal and freight hub outside Ashburton.... more
Osprey: more than 600,000 hours
The Bell Boeing V-22 Osprey has logged more than 600,000 flight-hours since its first flight over 30 years ago, providing continuous customer support to maintain mission readiness and transport critical cargo and personnel. Built by Bell Textron, a Textron company, and... more