OOCL feels the pressure 
Hong Kong-based Orient Overseas Container Line (OOCL), an affiliate of Cosco since 2018, recorded more volumes, but significantly less revenues in Q4/2023. The revenues almost halved (-49%), falling from USD 3.18 billion in Q4/2022 to USD 1.62 billion in Q4/2023.... more
Expanding cargo SAF programme
Korean Air has partnered with Yusen Logistics, a global logistics company, to further promote the use of sustainable aviation fuel (SAF) in the air cargo industry. The companies signed a sustainable aviation fuel cooperation programme agreement at the Yusen Logistics... more
ICS2 to come into force in June
The European Union is introducing a new process for goods entering its territory by maritime and inland waterways, road, and rail. The new customs pre-arrival safety and security system, called Import Control System 2 (ICS2), will require carriers to provide data on goods... more
A supply chain "vision" for Chaoji Food
Hong Kong-based Vision International Holdings, a provider of supply chain solutions, has signed an agreement with Dichao. Founded in Shenzhen (PRC) in 2019, Dichao develops and produces frozen meat products under the Chaoji Food brand. Vision International’s supply chain... more
Hapag-Lloyd: new head for ME business
Lars Sorensen assumed his new role as senior managing director region Middle East based in Dubai (UAE) on 1 January 2024. Sorensen joined Hapag-Lloyd five years ago as managing director area India. Sorensen replaces Dheeraj Bhatia, who will join the Hapag-Lloyd executive... more
ICTSI's green pledge for 2050
International Container Terminal Services, Inc. (ICTSI) has committed to net zero greenhouse gas emissions from its direct operations (scope 1) and purchased electricity (scope 2) by 2050. The company aims to reduce these emissions by 26% per container move by 2030, compared to... more
118 t from Argentina to Mongolia
Bolloré Logistics has transported a mobile drilling rig of 650 cbm and 118 t from Argentina. On its journey the cargo travelled through Chile and China to finally reach Mongolia. The pieces were mounted onto special trailers and transported by road to Chile. The journey from... more
HNA Cargo goes digital
The China-based HNA Cargo group has selected Cargo One as its first global digital sales channel, making it the air logistics partner with the largest number of portfolio airlines on this digital platform. HNA Cargo manages air cargo subsidiaries with a combined fleet of 600... more
From St. Gallen to Vietnam
The St. Gallen (Switzerland)-based logistics company Militzer & Münch has founded a new subsidiary in Vietnam, adding the fifth country to its network in Asia, after China, Malaysia, Sri Lanka and New Zealand. M&M Vietnam is headquartered in Ho Chi Minh City, a major... more
Japanese wind power union
Mitsui O.S.K. Lines (MOL) has formed a capital alliance with Hokutaku, Japan's largest wind turbine maintenance company. With this alliance, effective from 9 January 2024, MOL acquires a majority stake in Hokutaku. Independent of specific manufacturers, Hokutaku services around... more