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
Air Baltic uses all A220 capacities
After a request from the national health service of the Republic of Latvia this weekend (28 and 29 March 2020), Air Baltic performed a special cargo flight to and from Ürümqi in China, bringing 900,000 face masks and 80,000 respirators made in Zhengzhou and Yiwu regions to... more
Obligatory sale of Long Beach terminal pays off
The decision of the committee on foreign investment in the United States to make Orient Overseas International (OOIL) sell its stake in Long Beach happened at the right time - for the seller. Since China’s Cosco Shipping acquired a majority stake in OOIL in July 2018, the US... more
Globaltruck expands its fleet by 101 trucks
In 2019, Globaltruck increased the trucking freight turnover in Russia by 5.8% compared to 2018 and posted 247 billion tkm. The average number of operated trucks in 2019 grew by 101 or 8.1% y-o-y, and reached 1,346 units versus the 1,245 units operated in 2018. The total... more
First freighter for Sun Country in landing approach
In December last year, the American LCC Sun Country Airlines formed a partnership with Amazon Air for the operation of ten B737 converted freighters (see ITJ 05-06/2020, p. 18). It seems that one of these aircraft will arrive shortly. At any rate, a B737-800BCF, which, in... more
USA-Canada border controls as example
All borders in the EU currently remain open for freight transport. Between Canada and the USA there are restrictions on people crossing the border but the controlled maintenance of road and rail freight is guaranteed. The International Federation of Freight Forwarders... more
Hapag-Lloyd appoints new executive in Asia
Hans Schäfer, current managing director global sales in the group’s Hamburg headquarters, will assume the position of senior managing director of Region Asia, as of 1 July 2020. Schäfer will replace Lars Christiansen, who will resign from his position effective 30 June ... more
ONE extends network to and in North Africa
The European branch of the Ocean Network Express, the Japanese container shipping conglomerate headquartered in Singapore, is extending its footprint in North Africa. The carrier has appointed two new third-party agents - the Algerian branch of the Spanish Romeu Group and... more
ESR strengthens activities in Australia
ESR, a large APAC focused logistics real estate platform, has launched the ESR Australia logistics partnership (EALP), a new Australian-focused, core-plus logistics cooperation. EALP is seeded with AUD 715.6 million (USD 431.1 million) of prime logistics assets currently held on... more