Turnover rises while core net profit drops 
Kerry Logistics has announced the group’s interim results for the six months ended 30 June 2019. The turnover increased by 13% to HKD 19.810 million (EUR 2.28 billion) - 1H/2018: HKD 17,461 million (EUR 2.01 billion). The core operating profit increased by 9% to HKD 1,330... more
Trade tensions weigh heavily on air freight business
Iata's data for global air freight markets are showing that demand, measured in ftk, contracted by 3.2% in July 2019, compared to the same period in 2018. This marks the ninth consecutive month of year-on-year decline in freight volumes. Global trade volumes are 1.4% lower... more
Work in progress on the Avon – Kwinana gold rail line
Construction works on the important interstate freight rail line between Avon und Kwinana in Western Australia are expected to be completed by the end of October, according to Australia’s transport infrastructure manager ARC infrastructure. The dual gauge railway forms the... more
Regular train launched for timber transport
Fesco has been expanding its geography of Russian inland export services and has launched a regular container train from Khabarovsk Territory (Russia) to Harbin (Heilongjiang province, China) through the Grodekovo/Suifenhe (Russia/China) border-crossing point. The train... more
Korean Air Cargo continues with GHA in Frankfurt
Korean Air Cargo, a major cargo carrier based in South Korea and a member of the SkyTeam Cargo Alliance, has extended the cooperation with LUG aircargo handling at FRA for a further three years to 2022. LUG has partnered Korean Air Cargo for some 22 years now, handling freight... more
Malaysia awards licence for oil & gas logistics
A new player in the logistics of oil & gas in Malaysia has emerged. The custodian of Malaysia’s national oil and gas resources has awarded GAC Malaysia the licence to provide bunkering, freight forwarding, shipping and non-bonded warehousing services. The Petroliam... more
Last exit to Europe
The “MSC Gülsun” has completed the European leg of its loop by calling at Rotterdam (the Netherlands). The 23,756 teu ULCV is currently the biggest container vessel on the seven seas, surpassing OOCL's “Hong Kong” (21,413 teu). The “MSC Gülsün” arrived from Gdansk (Poland),... more
Terminal enhancement in Mumbai
Dubai (UAE)-headquartered DP World has ordered a total of 15 rubber-tyred gantry cranes (RTGs) for its Nhava Sheva International Container Terminal (NSICT) in Mumbai (India). The order, which also includes 24 months of on-site maintenance support, will be delivered in the course... more
New domain for Swire Pacific Offshore
The Singapore-headquartered Swire Pacific Offshore has launched its new corporate website. SPO is a player in the offshore industry and owns more than 70 vessels. The new domain name, www.swirespo.com replaces the former one, www.swire.com.sg, and seeks to reflect the company’s... more
Synergy Group CEO wins prestigious shipping award
Synergy Group’s innovative deployment of technology and commitment to seafarer welfare were honoured last week when Captain Rajesh Unni, CEO and founder, was named ‘CEO of the Year’ at the 11th annual Shiptek International Awards. Captain Unni thanked the judges and said the... more