K Line to adjust previous forecasts 
The Japanese liner K Line is planning to record the extraordinary loss on valuation of investment securities in the consolidated financial results for the fiscal year ending 31 March 2020. These are investment securities classified as “available-for-sale securities”, where... more
Kerry Logistics grows despite difficult environment
Kerry Logistics has announced the group’s annual results for 2019. Revenue increased by 8% to HKD 41.139 billion (EUR 4.811 billion); 2018: HKD 38,139 million (EUR 4,467 billion). Core operating profit increased by 17% to HKD 2.765 billion (EUR 323.38 million); 2018: HKD 2.364... more
Ports and forwarders overstretched
Although freight traffic is less affected by the impact of Covid-19 than passenger traffic, major problems do arise. In many ports, warehouses are reaching the end of their capacity, because goods destined for Europe remain in Asia for the time being. This poses a great... more
No April Fool: Greek carrier temporarily adjusts PAX cabin
Star Alliance member Aegean and Hellenic Petroleum support the current effort to combat the Covid-19 crisis, by operating cargo flights for the transport of medical and pharmaceutical supplies. By further expanding their cooperation recently launched in Greece, the two... more
Special function for Hill Dickinson's legal director
Edward Liu, legal director with Hill Dickinson Hong Kong, has been appointed member of the region’s advisory committee on promotion of arbitration. The appointment was made by Teresa Cheng, secretary for justice at the department of justice of Hong Kong Special Administrative... more
United Cargo supports the troops
United Cargo is increasing the frequency of cargo-only flights between the USA and military bases around the world. Last week the carrier began operating 40+ cargo-only flights weekly, using Boeing 777 and 787 to fly freight and mail to and from US hubs and key international... more
Schweizerzug adds China to its network
On 1 April 2020 Schweizerzug will launch a container train between Switzerland and China. The new train links Frenkendorf near Basel and Niederglatt near Zurich (Switzerland) with Xian in Shaanxi province and Hefei Anhui province in China. The door-to-door service will begin... more
Maskargo flights to fight Covid-19
MAB Kargo, the logistics arm of Malaysia Airlines, is working to ensure that Malaysians have access to much-needed medical equipment and supplies, using Maskargo flights and cargo space management of goods flown into the country, mostly from China. The initial movement... more
LOC China appoints Shi Wenchao as managing director
LOC Group, the international engineering and marine consulting firm, has appointed Shi Wenchao to the role of managing director of LOC China. Shi Wenchao will be based in Shanghai and will oversee the group’s Chinese operations, which include offices in Shanghai and Tianjin.... more
Mixed results for Cosco Shipping Ports
There was a year before corona. In 2019, the Chinese port and terminal operator Cosco Shipping Ports witnessed rising revenues, which surged by 2.7% to USD 1.02 billion, but declining profits, which went down by 7.1% to USD 272.7 million. Nevertheless, adjusted net profit rose... more