The Moody blues about the storm ahead 
The Copenhagen (Denmark)-based maritime consultant Sea-Intelligence and the global ratings agency Moody’s see gloomy times ahead for the industry. "The worst is yet to come," Sea-intelligence said, pointing at the estimated decline of 17 million teu this year on a... more
Yusen acquires additional shares of AB Logistics
Yusen Logistics Thailand announces will acquire additional shares of AB Logistics of the Ajinomoto Group and make it a subsidiary on 1 April. Accordingly, the company name will also be changed from ABLT to Yusen Food Supply Chain (Thailand). Yusen Logistics Thailand will... more
ClassNK: changes at the helm
Current senior executive vice president Hiroaki Sakashita has been appointed president & CEO as well as a representative director of the Japanese classification society ClassNK. Current senior executive vice presidents Tetsuya Kinoshita, Junichiro Iida and Toshiyuki... more
Record pharma handling in times of sanitary crisis
Worldwide Flight Services’ (WFS) new pharma centre at Paris CDG has handled its biggest single shipment so far: 34 temperature-controlled containers for customers Air Bridge Cargo Airlines (ABC) and Kuehne + Nagel. Maintained within a +2-8 degrees Celsius temperature... more
Well prepared for pandemoniac 2020
Hapag-Lloyd’s results in 2019 seemed far away, when during a webcast conference CEO Rolf Habben-Janssen explained the Hamburg carrier's outlook on 2020 at this stage: "Although supply chains are under pressure, we expect a decent month in April. An impact of the corona... more
ESR closes USD 250 million unsecured term loan
ESR, the large Asia Pacific focused logistics real estate platform, has entered into a new facility agreement for a USD 250 million three-year unsecured term loan facility with prominent international banks at a rate of Libor plus 3%, which was drawn down in full in March 2020... more
TIR boosts India-Iran-Afghanistan intermodal trade
The first intermodal transport, using TIR from India via Chabahar port in Iran, was completed last week. Carrying factory line components, the operation took seven days in total - five by sea and two by road from Chabahar port in Iran to the final destination in Afghanistan. In... more
ONE deploys unit for AUE
The Singapore-based Ocean Network Express (ONE) is upgrading its participation on the Australia East Asia Service (AUE), also known as North East Asia – Australia Express (NEAX) service. Starting from April 2020, ONE will be operating a vessel on the AUE service, which is... more
200 hopper cars to transport fertilizer
In Russia, United Wagon Company (UWC) and chemical producer Togliattiazot (TOAZ) have signed a contract on the supply of 200 hopper cars for the transportation of mineral fertilizers. The new generation cars will be shipped to the customer by the end of May this year. This... more
Ports keep up services
The major ports worldwide are up and running in order to keep supply chains up. With Chinese ports returning to normal, US American ports being exempted from public bans, the notices of European ports spreading the news keep flowing in. Pars pro toto, just like Antwerp,... more