Eco ships for Ocean Yield 
In South Korea, HJ Shipbuilding & Construction marked a milestone with the naming ceremony of two new ships commissioned by Ocean Yield, a Norwegian maritime asset investment company. These 5,500 teu container vessels, ’Zim Danube’ and ‘Zim Ganges’, are part of a series... more
A promotion for Xavier Avrard
Transport and logistics services provider Geodis has appointed Xavier Avrard as chief strategy officer. He will join the group’s management board, which is chaired by Marie-Christine Lombard, CEO of Geodis. Avrard came to Geodis in 2014 as group controller, was then appoin... more
Representing Royal Brunei also in China
In July 2023, Globe Air Cargo China, part of ECS Group, took over as Royal Air Brunei Airlines' GSA to enhance the carrier’s air cargo operations in China, aligning with existing cooperations in other countries, including Singapore, Malaysia, Australia, Thailand, Vietnam, India,... more
MOL expands chemical tanker business
Mitsui O.S.K. Lines (MOL) has announced that its subsidiary, MOL Chemical Tankers, is set to acquire Fairfield Chemical Carriers (FCC) in a deal valued at around USD 400 million. This acquisition is in line with MOL's strategy to expand its presence in the chemical tanker... more
ESR: a logistics park near Jakarta
ESR Group has started building the ESR Karawang Logistics Park 1, the first Grade A facility in this part of West Java, which contains many industrial firms, particularly automotive manufacturers. ESR Karawang Logisitscs Park 1 will offer tenants a combined gross floor area... more
Temperature-controlled wine from Chile to Japan
Yusen Logistics is launching a less-than-container load (LCL) ocean freight service for wine from Chile to Japan in October. The cargo will be consolidated in the San Antonio Port warehouse in Chile and shipped in temperature-controlled containers directly to the port of... more
Ceva opens new route from China
The new international road transport (TIR) routes run along the China-Kyrgyzstan-Uzbekistan and China-Pakistan corridors. The first six trucks recently departed from Kashgar, China, crossed the border into Kyrgyzstan and arrived in Samarkand, Uzbekistan after a 1,100... more
Less throughput in Hong Kong
In Q2/2023, the Port of Hong Kong saw a decline in throughput compared to Q2/2022. The handling of containers dropped to 3.69 million teu, marking a nearly 22% yoy decrease, as reported by the regional census and statistics department. Overall cargo throughput also fell,... more
Block trains from Shenyang to Moscow
Transcontainer has launched import cargo services from China to Russia via the Suifenhe - Grodekovo border-crossing point. The line connects Shenyang, China and Selyatino in the Moscow Region. The first train was loaded with 124 teu of passenger cars. Transit time is about 20... more
Spot rate at its lowest in more than three years
According to the latest weekly market analysis from Clive Data Services, part of Xeneta, the global air cargo spot rate flattened to USD 2.19 per kg in August, its lowest level since the onset of the pandemic. Of ten major trade lanes, only China-USA and Southeast Asia-USA... more