Refinancing and expansion secured 
Rail vehicle lessor Railpool extended its financing arrangements in April, and secured further funds for the company's planned growth. The new financing structure, with a total volume of around EUR 1.07 billion, consists in equal parts of the refinancing of existing loans... more
New rail service along Eurasian Middle Corridor
Maersk has introduced a new rail-sea service connecting Asia to Europe along the Middle Corridor. Departing from various locations, the service connects China and Europe via Central Asia in about 40 days and helps to ease current logistics woes, Maersk said. After passing... more
Corrigendum - Fiata calls for a turn of the tide on the seas
The FIATA HQ Meeting in Geneva, one of the annual gatherings of the global organisation’s 40,000 freight forwarders, is addressing one of the palpitant challenges, the vertical integration of the industry – by the carriers. President Ivan Petrov spoke of the “drastic misuse... more
Skycell picks Emma Wong and Daniel Kwa
Skycell is expanding its APAC presence by hiring key industry executives in Singapore and Hong Kong. Daniel Kwa (left) takes on the role of head of sales APAC, whereas Emma Wong (right) becomes top account executive director APAC. “Having spent 20 years within the pharma and... more
Changing trends in cargo theft
In its joint report on global cargo theft trends in 2021, the TT Club concludes that there has been a shift in emphasis from risk of in-transit, vehicle-based attacks to losses while cargo is at rest. Especially storage locations are critical at-risk areas, as... more
Batteries for heavy electric trucks
Volvo Trucks is opening its first-ever battery assembly plant in Ghent, Belgium. The plant will supply ready-to-install batteries for the Swedish manufacturer's all-electric heavy trucks. Samsung SDI cells and modules will be assembled into battery packs tailor-made for Volvo... more
A mixed picture in Hamburg
The Port of Hamburg witnessed different trends in the market In Q1/2022. While container handling rose by 1.8% to 2.2 million teu, total throughput declined by 2.8% to 31.2 million t. The sanctions against Russia that came into effect in March have not yet shown their full... more
Eimskip not affected by Russia's war
In Q1/2022, Eimskip also benefitted from the positive trends in the shipping industry. The group achieved good volumes in imports and exports to and from Iceland, progress in its trans-Atlantic services and a strong financial improvement in the Faroe Islands. Revenues went... more
Logista's European path continues
Spain-based Logista has reported its results for the first half of its 2022 financial year. Turnover went up by 3% to EUR 597 million compared to the same period in 2021. Main drivers were improvements in the distribution of tobacco and pharmaceuticals in the Iberian... more
Three musketeers in the skies
Air France-KLM Group and the CMA CGM Group have signed an initially ten-year strategic partnership in the air cargo market. Subject to approval by the relevant regulators and consultation of employee representatives, this exclusive partnership will see both parties combine their... more