HMM issues convertible bond for new investments 
The South Korea-headquartered carrier Hyundai Merchant Marine (HMM) plans to issue a convertible bond with a volume of KRW 660 billion (USD 562.4 million). The shipping company is highly indebted with KRW 4.1 trillion KRW (USD 3.49 billion). Due to the shipping company's... more
Much more capacity for Garuda Indonesia
Garuda Indonesia and the Ireland-based aviation lessor and financier Gecas have entered into a lease agreement for two 737-800 Boeing-converted freighters (BCF). The passenger-converted aircraft are slated to be phased in mid-2020 and will provide additional capacity to Cargo... more
Chinese cars shipped by train to Russian market
The Fesco Transportation Group, which is based in Russia, is launching a regular container train to carry cars from Chongqing (China) to the Kaluga region through Mongolia, expanding the geographical range of expedited overland services between China and Russia. The route goes... more
Swiss World Cargo (re)sets new destinations
With flights to Colombo, Sri Lanka, resuming as per today, 31 October 2019, Swiss World Cargo, the airfreight division of Swiss International Air Lines, begins operating new routes for the winter timetable 2019. Like the service resumptions to Phuket, Thailand and Ho Chi Minh... more
OOCL gains ground in 2019
OOCL has reported its unaudited operational results for Q3/2019, which ended on 30th September this year. The Hong Kong-headquartered company saw an uptick in volumes (+4.1%) compared to the same period last year. Total revenues in the period rose by 5.8% to USD 1.65... more
Basra Gateway Terminal extension goes on stream
The two new berths, Berths 25 and 26, of the Basra Gateway Terminal (BGT), have started operations. Their opening also marks the completion of the operator ICTSI’s USD 250 million investment programme in Iraq. Located in Umm Qasr’s North Port, BGT operates a container terminal... more
Russian FTL-trucking company orders CNG Trucks
Globaltruck has signed a contract for the purchase of 10 Scania compressed natural gas (CNG) trucks. The vehicles are expected to be delivered in December 2019. The FTL-trucking company operated 1,355 trucks during 9M/2019, which represents an increase of 146 or 12.1% compared... more
100th aircraft for Vietnam Airlines
Vietnam Airlines, which already owns the second-largest wide-body A350 (14) and B787 (11 B787-9) fleet in Southeast Asia, was joined by the deputy prime minister of the Socialist Republic of Vietnam Truong Hoa Binh for the welcoming ceremony of the 100th aircraft operated by... more
Record level of global container fleet capacity
The liner's appetite for new capacities seems to be insatiable. The business intelligence provider Alphaliner has presented current figures, showing that the global container fleet´s capacity has just passed the threshold of 23 million teu. The latest deliveries were the two... more
MOL opts for wind power
On the back of the recent AIP approval for the Wind Challenger, a wind-assisted vessel design by Class NK, Tokyo (Japan)-headquartered MOL is joining the International Windship Association (IWSA) as a full member. For the last five years, this non-profit organisation has been... more