Finance guru for growth in Asia 
Emergevest, a private equity investment group with holdings that include EV Cargo, one of the largest private logistics companies in UK, has appointed Lawrence Lim as director with responsibilities for investment origination, execution and portfolio management. Lim joins... more
OOCL drives CIS and PHF2
Hong Kong-headquartered Orient Overseas Container Line (OOCL), an affiliate of Cosco, will change its China and Indonesia services as well as its feeder network to the Philippines. The CIP service will be replaced by the China Indonesia Service (CIS) from 18 April. The CIS... more
Crew crisis on the rise again?
Shipping companies fear that the number of seafarers affected by the crew change crisis is on the rise due to travel restrictions imposed by governments to combat the new variants of the virus. The latest industry analyses show that 200,000 seafarers are currently affected, a... more
Alliance to ship vaccines
The global airline alliance Skyteam Cargo has launched "V Excellence", which covers the transport of Covid-19 shipments moved under the members' product family "customised vaccines", offering priority handling, and "specialised pharma", the solution... more
Distributing vaccines in East Malaysia
In an effort to combat the Covid-19 pandemic with the vaccines, Utama Multimodal Logistics (UML), a Malaysian cold chain logistics services company focused on transporting pharmaceuticals, has chosen Teleport, the logistics venture of Air Asia Digital, to deliver vaccines... more
BDI at record high
The Baltic Dry Index (BDI), an index of the international dry cargo freight market, stood at 2,105 points on 17 March. The BDI thus reached its highest value since 4 September 2019, when it scored 2,518 points, the record in almost nine years.By size, the panamax index, covering... more
1,000 flat cars for intermodal network
Intermodal operator Trans Synergy has ordered 1,000 large-capacity container flat cars from Russian freight car manufacturer UWC. The rolling stock will be delivered in 2021. This is the companies' second deal: 360 similar container flat cars were delivered to Trans Synergy last... more
MOL banks on hybrid bonds
Japanese shipping company MOL has submitted an amended version of the shelf-registration statement regarding the issuance of publicly offered hybrid corporate bonds (no collateral and subordinated corporate bonds) to the director-general of the Kanto Local Finance Bureau.In... more
Air Tanzania finally to serve Southern China
Despite the difficult health situation worldwide, East African state carrier Air Tanzania plans to launch its service to Guangzhou in southern China tomorrow, 20 March 2021. It was originally scheduled to begin last September. The weekly outbound B787-8 flight will operate on... more
Four seafarers rescued
Four Indian seafarers who spent two years stranded on a ship in Mumbai (India) in horrific conditions have finally gone home, thanks to help from Sailors’ Society. As they stopped receiving their salaries three months ago, the men were not given shore passes or signed... more