Prologis' balance sheet in 19 countries
Logistics real estate developer Prologis has reported its results for Q3/2020. As of 30 September 2020, the company owned or had investments in ventures, properties and development projects estimated to total approximately 91 million sqm in 19 countries. Moreover, the... more
K Line and NYK set LNG landmark
In Japan, K Line has launched its LNG bunkering business in the Chubu region through its joint venture company with Jera, the Toyota Tsusho Corporation and Nippon Yusen Kabushiki Kaisha (NYK). The first LNG bunkering vessel in Japan, the "Kaguya” owned by the joint... more
Maritime law specialist returns to Europe
The global maritime law firm Hill Dickinson welcomes casualty specialist and partner Ian Teare to two European shipping teams. Ian joins from Wikborg Rein’s Singapore office where he has been both managing partner and led the casualty response practice for Asia. Following his... more
Almost 100 direct Turkish Cargo connections
Turkish Cargo has increased the number of destinations of its direct cargo operations to 95. As of September, the carrier incorporated Heathrow Airport (LHR) in London, one of the world’s busiest airports, Bangkok Suvarnabhumi (BKK), one of the largest airports in Southeast... more
Expansion in China
Supply chain and e-commerce service provider Arvato Supply Chain Solutions has expanded its network in China by adding a second facility in Shanghai and a new location in Guangzhou. The new sites complement the company’s existing offices in Shanghai, Kunshan, Shenzhen and... more
No "aloha" for freight from next month
Hawaiian Airlines, which reduced its workforce by nearly 2,500 employees this month when the coronavirus aid, relief and economic security payroll support programme (PSP) expired, will suspend its "‘Ohana by Hawaiian" passenger flights between Honolulu (HNL) and... more
New short sea service to the Black Sea
Marseille (France)-based carrier CMA CGM will launch a short sea weekly service between Southern Turkey and the Black Sea. The East Med-Black Sea Express (EMBX), starting from Wednesday, 4 November 2020 from the Turkish port of Mersin, will be aiming to transport... more
K+N: less traffic, more profit
The Schindellegi (Switzerland)-headquartered Kuehne + Nagel Group stuck to profit instead of volumes in Q3/2020. While net turnover and ebit decreased over the first nine months of 2020 with CHF 14.8 billion (-5.7%) and CHF 790 million (-5.9%), ebitda with CHF 1.4 billion was... more
Alibaba teams up with ZIM
The carrier ZIM and the Chinese online firm Alibaba.com have entered into a cooperation agreement for the direct purchase of sea freight, improving logistic services to the Alibaba.com platform sellers. Under the agreement, ZIM provides sea freight and services through a direct... more
MSC bridged the gap first
The Swiss MSC Mediterranean Shipping Company has discharged cargo originating in the United Arab Emirates in Israel for the first time since the mid-September agreement to normalise relations between the two countries. The container ship MSC "Paris”, operating on MSC’s... more