Vopak's buyback programme closed 
The Dutch company Royal Vopak has finalised its share buyback programme to return EUR 100 million to shareholders as announced in February 2020. In the period from February up to and including 23 October 2020, a total of almost 2.1 million ordinary shares, 1.6% of the... more
British and Belgian carriers extend partnership
British GB Railfreight (GBRf) and Belgian Lineas have agreed to expand their European freight operation. Existing traffic flows from Antwerp in Belgium through to Irvine in Scotland will continue for an additional two years. The service has so far averaged around 30 trains a... more
JV contracted for terminal rail manœuvres in Spain
The Spanish railway infrastructure administrator (Adif) has mandated the joint venture (U.T.E.), formed by Transfesa Logistics and Silsa, to manage railway shunting manoeuvres and train operations at the Sagunto freight terminal (Valencia). The contract will last two years, plus... more
Margins to stay, says Fitch Ratings
According to the rating agency Fitch, container shipping spot rates have continuously risen in recent months, despite a significant reduction in demand for maritime transport due to the effects of the corona pandemic, but driven by shipping companies' supply discipline and... more
TT Club concerned over cool chain cargo
There is action required, says TT Club. The analysis of the insurance company’s claims records over the past three years shows that temperature-controlled incidents rank in third place. Almost 30% of these incidents involved a miscommunication of operational instructions... more
Heppner strengthens German sales team
Heppner, a French company specialising in the movement of goods between France and Germany, has announced the appointment of Frank Burkert as its sales director for the German market. Elected to his new position in July 2020, Burkert brings almost 30 years of experience in... more
ASL Airlines Ireland ready for ATR 72-600F
ASL Airlines Ireland confirms it would take a total of five ATR72-600F from the batch of 30 (+20 on option) ordered in 2017 by Fedex Express. As the launch carrier, the Irish airline will operate the turboprops on behalf of Fedex. The first aircraft will be delivered in early... more
Taking over Elbrus in Brazil
With the takeover of Elbrus Assistência Técnica Em Raio X, Simon Hegele Healthcare Solutions, a service partner for OEMs of large medical equipment, has launched its expansion to Latin America. Simon Hegele Healthcare Solutions and its subsidiary GMED offer logistics and... more
Abris exits locomotive leasing business
Abris has signed an agreement to sell its stake in Cargounit to the Three Seas Initiative Investment Fund (advised by Amber Infrastructure Group). Closing of the transaction is subject to the relevant customary conditions and is expected to take place by year-end. Cargounit is... more
IMB sees pirates growing stronger
Pirate attacks on merchant ships continue to rise, according to figures from the most recent edition of the quarterly report of the International Maritime Bureau (IMB) of the International Chamber of Commerce (ICC). In particular, the number of kidnappings in the Gulf of... more