From a shipping line to a terminal operator 
APM Terminals has hired Peter Wikström as its new CFO. Wikström will join the global terminal operator on 1 January 2025 after having recently served as head of mergers & acquisitions at Maersk – a role he assumed in 2019. Since 2023, Wikström has also worked as... more
MOL to back Metaprop
MOL Group’s Osakan subsidiary is planning to invest in Metaprop, a New York-based real estate technology investor. Daibiru Corporation, which was fully acquired by MOL in 2022, is collaborating with the desk of the group’s corporate venture capital fund. Its newest project... more
Sustainably bridged 
Financing a section of a trunk road. Turkey – and its largest city Istanbul in particular – is a vital hub for freight traffic between Europe and the Middle East. The ‘Northern Marmara Highway’ will soon provide better roads in the west of the metropolis. more
100,000th China-Europe freight train now en route
The jubilee freight train was loaded with electronic products, vehicles and auto parts, mechanical components, and household appliances. It departed last Friday, 15 November 2024, in southwest China's Chongqing municipality, and will arrive in Duisburg, Germany, after a ten-day... more
Heavier trains for Australia's farmers
The Australian Rail Track Corporation (ARTC) has completed the upgrade of the 35 km line between Narrabri and Turrawan in Australia. The construction work finished just in time for what’s anticipated to be one of the largest grain harvests for farmers in north-west New South... more
DP World diversifies Down Under
DP World Australia has strengthened its hold on port and contract logistics by fully acquiring Silk Logistics Holdings’ issued share capital. The logistics provider’s subsidiary Down Under is looking to expand its own network of four container terminals, three container parks,... more
A sustainable gateway for Latin America
Cosco Shipping has officially commenced operations at Chancay Peru Terminal, its first green and smart port investment in South America. Situated 78 km north of Lima, this advanced deep-water port features four berths, including two berths for containers, and can handle 1... more
A JV to boost ship management
Ocean Network Express (ONE) and Seaspan Corporation (Seaspan) have launched One Sea Solutions (One Sea), a joint venture focused on technical ship management and maritime talent development. Based in Singapore, the JV will manage container vessels owned or chartered by ONE,... more
Swedish furniture giant banks on rail
Ikea has joined forces with transport company Qube to launch its first ever intermodal solution in its Australian network. The train connects Ikea’s warehouse in Sydney with its delivery centre in Brisbane. With the intermodal solution, over 200 full truckloads will be... more
Lalamove launches in Turkey
Lalamove has expanded into Istanbul, Turkey, as its thirteenth market worldwide. The Hong Kong-based delivery platform has ventured into locations in Asia and Latin America since its foundation in 2013 but is now taking its first step into the Europe, Middle East, and Africa... more