Cosco enjoys a convincing Q3/2019 
The number of major shipping lines back in black is on the rise in 2019. The Chinese Cosco Holding, which encompasses OOCL, also achieved a convincing result in Q3/2019. Operating income of RMB 1.57 billion (USD 221 million) shows an increase of USD 600 million (262%) over the... more
Qantas launches Cairns - Hong Kong cargo connection
Commencing in mid-November as a six-month trial, Qantas Freight will include Cairns on its existing Sydney - Hong Kong B767F service, in partnership with the Queensland Government, Cairns airport, where the cargo division of Australia's national carrier operates a freight... more
Ceva Logistics strengthens its presence in Sri Lanka
As it further extends its capabilities across Asia, Ceva Logistics has set up a new operation in Sri Lanka, officially opening the Ceva Sri Lanka office for business today, 5 November 2019. With the new set-up, Ceva Sri Lanka will serve clients in both the island nation and in... more
K Line's woodchip carrier to set sail in 2022
Nippon Paper Industries has entered into an agreement with Kawasaki Kisen Kaisha (K Line) on a consecutive voyage contract for a new 3.6 million CFT woodchip carrier to be delivered in 2022. The vessel will be in dedicated service to carry woodchips for paper materials and also... more
New Eurasian overland shuttle launched
The Russian Transport Group Fesco is launching Silkway Amber – a regular container train going from Zhengzhou (China, Henan province) to Hamburg (Germany) through Kaliningrad (Russia) and back. The route goes through the border crossings of Erlian/Zamyn-Uud/Naushki... more
First Alibaba train completes China-Belgium journey
The first Alibaba freight train from eastern China’s Yiwu arrived in Liege, Belgium, after a 17-day journey. The train was loaded with 82 containers and passed through Kazakhstan, Russia, Belarus, Poland and Germany on its journey to Belgium. It represents a new freight... more
MOL raises income in first half of financial year 2019
In the first half of its financial year 2019 (August till September), the Japanese carrier MOL’s revenues went down to USD 5.32 billion, a drop of 45.5% compared to the preceding Q2/FY 2018. The operating profit in H1/FY 2019 also shrunk to 111.6 million USD, whereas in H1/FY... more
Hactl provides ramp handling for Southern Air
Hong Kong Air Cargo Terminals Limited (Hactl) – Hong Kong’s major independent cargo handler – has been awarded the contract to provide ramp handling for Kentucky (USA)-based freighter operator Southern Air. The wholly-owned subsidiary of Atlas Air Worldwide Holdings operates... more
120 tank cars to carry sulphur
The Russian manufacturer United Wagon Company (UWC) and Gazpromtrans (a 100% subsidiary of Gazprom) have signed an agreement for the supply of 120 tank cars for transportation of molten sulphur. The parties already signed a contract for delivery of 60 tank cars in August... more
Kerry Logistics wins contract with Smiffys
Kerry Logistics has fulfilled a global supply chain contract with the UK-based family-owned fancy dress business Smiffys. As part of the contract, the Hong Kong headquartered logistics company has set up a new central distribution centre for Smiffys in Ningbo, a key port and... more