Cosco Ports out of the doldrums? 
The terminal and port operator Cosco Shipping Ports (CSP) reported its interim results for the six months ended 30 June 2020 on an ambiguous note. While revenues dropped to USD 452.7 million (-12.6%) in comparison with the same period last year, gross profit suffered a... more
New train connects South Russia and China
Trans Container and Maxima Logistic have organised the dispatch of a block train from Krasnodar-Sortirovochniy station in South Russland to Gaoyi in China (Province Hebei). The train passed the Russian-Chinese border crossing point at Naushki/ Zamyn - Uud (Mongolia) and was... more
ESR delivers strong H1/2020 results 
ESR, an APAC focused logistics real estate platform, has announced its unaudited consolidated results for the six months ended 30 June 2020. The group recorded revenue of USD 198 million in H1/2020, up 26.9% from USD 156 million in H1/2019. Ebitda was USD 269 million, up... more
A favourable H1/2020 for OOCL
The Hong Kong-headquartered Orient Overseas (International) Limited Group (OOIL), which was acquired by Cosco Shipping in 2018, recently reported its results for H1/2020. Remaining in the black, the group achieved a profit of USD 102.1 million, compared to USD 139.0 million... more
Swiss continues to expand cargo network
From today, 28 August 2020, Swiss Worldcargo is back in Moscow DME, performing thrice-weekly A320/A220 flights from Zurich and a weekly A220 flight from Geneva. The Swiss national carrier also announced the addition of two long-haul destinations to its cargo-only network -... more
Recent sales in the Swiss maritime fleet
The Geneva office of the law company Holman Fenwick Willan (HFW) has reported having been involved in the sale of almost half of the entire Swiss maritime fleet. HFW advised Swiss shipowner Massoel Shipping on eight separate vessel sales, representing 40% of all... more
First B787-700BDSF delivered to a Chinese operator
Austin, TX-based Spectre Cargo Solutions, through its Irish entity NGF Overseas Aircraft, delivered a B737-700BDSF to Tianjin Air Cargo (TJAC). The first Boeing freighter of the type to be delivered to a Chinese operator is on a long-term operating lease with TJAC and the fourth... more
More freight on trains in Melbourne’s southeast
The Victorian and Commonwealth governments are making railfreight cheaper for businesses and taking trucks off suburban roads , thanks to an AUD 28 million (EUR 17 million) investment in direct railfreight between the port of Melbourne and Dandenong South, Australia. A new... more
Kerry wins awards for the fourth year running
Kerry Logistics has been honoured with the Frost & Sullivan Asia Pacific best practices awards for the fourth consecutive year, winning the “2020 Asia-Pacific logistics services provider of the year award” and the “2020 Asia-Pacific road transportation services provider of... more
New shuttle links Ural with the Far East regions
Fesco is expanding its domestic network for regular container services. The new Ural Amur shuttle connects Ekaterinburg in the east of the Ural and Khabarovsk, Sverdlovsk Oblast near the Russian-Chinese border. Trains will depart once a week. Transit time is seven days. The... more