EUR 300 million more liquidity for Swissport 
A group of senior secured creditors has committed to provide EUR 300 million of interim liquidity to support operations while the restructuring process is being completed. The agreement "in principle" on a comprehensive restructuring includes significant deleveraging... more
VGP plans business park in Romania
VGP, a Belgian developer, manager and owner of high-quality logistics and semi-industrial real estate, has announced plans for a new real estate development in the west of Romania. First deliveries in VGP Park Arad are scheduled as of 2021. The new plot secured by VGP... more
Pall-Ex wins ERS award
Pall-Ex has won the coveted Silver Employer Recognition Scheme (ERS) award from the ministry of defence for its support of the Armed Forces community. The logistics company has actively supported ex-military personnel by providing jobs and training since signing the Armed... more
Tosca has acquires Contraload
Tosca, a provider of reusable packaging and supply chain solutions, has finalised the acquisition of Contraload NV, a company that specialises in plastic pallet pooling services in the United Kingdom and European Union. The takeover enables Tosca to service supply chains end... more
Champ partners with Google Cloud
Champ Cargosystems has selected Google Cloud to provide an API platform and developer self-service portal option to all its SaaS customers. Google Cloud’s Apigee API management portal allows Champ and its customers to connect to a variety of backend systems, including in-house... more
Is reefer cargo going to take the lead?
The London-based maritime consultancy considers that seaborne perishable cargo will weather the Covid-19 induced economic storm better than the dry cargo trade. Worldwide seaborne reefer trade recorded growth of just 1.7% in 2019 to 130.5 million t, its weakest rate of growth... more
Enhancing hinterland links in Germany
From 1 September 2020, Metrans will launch a joint intermodal product in cooperation with Gut Gernsheim to strengthen hinterland transport services between the northern German ports of Hamburg & Bremerhaven and Gernsheim, which is situated right on the Rhine in Hessen.... more
The dirty dozen and the Port of Hamburg
Like other ports of the Northern Europe range, the Port of Hamburg's first six months of the year were hit by the impact of the corona crisis. Total seaborne cargoes were at 61.2 million t, down by 12%. In the container handling segment, the throughput of 4.1 million teu... more
Global Ports' uneasy H1/2020
The Russian container terminal operator Global Ports has reported its figures for the first six months of 2020. Its total consolidated marine container throughput went up 8.4% year-on-year to 774,000 teu, whereas there was a 2.4% year-on-year decline in the Russian container... more
New train links Southampton and Derby
GB Railfreight (GBRf) has started a new intermodal service in UK from the rail terminal operated by Solent Stevedores at the port of Southampton to East Midlands Gateway, Derby. This will be its fourth daily service from one of the UK’s leading deep-sea container ports and will... more