Iata's profitability outlook for 2023 
In an upgrade of its outlook for 2023, the International Air Transport Association (Iata) expects the airline industry’s profitability to strengthen this year. Cargo volumes are forecast at 57.8 million t, slipping below the 61.5 million t carried in 2019 with a sharp... more
K+N expands its perishables network
Kuehne + Nagel has signed an agreement to acquire Morgan Cargo, a freight forwarder specialising in the transport and handling of perishable goods. The company is based in South Africa and runs satellite offices in key export stations such as Kenya and UK. In 2022, the company... more
IRS named classification society of the year
The Indian Register of Shipping (IRS), a classification society and IACS member, has won the prestigious ‘Classification Society of the Year’ award at the 18th Shiptek International Maritime Awards. The awards honour organisations that deliver the best standards of service... more
MOL Sunflower is born
Mitsui O.S.K. Lines (MOL) has announced the name of the new company which will integrate two wholly owned ferry and coastal ro-ro vessel operators. It will be called MOL Sunflower. The new company is a combination of two companies, MOL Ferry and Ferry Sunflower. Regular... more
From Thailand to Felixstowe
Port of Felixstowe, located on the UK’s Southeast coast and part of Hutchinson Ports’ network, has signed an agreement for an additional 100 battery-powered autonomous Q-Trucks with Shanghai Westwell Technology. Clemence Cheng, CEO of the Port of Felixstowe and executive... more
A concession agreement for a cargo hub at Noida
Air India Sats Airport Services (Aisats) and Yamuna International Airport Private Limited (Yiapl), a special purpose vehicle formed by Noida Airport concessionaire Flughafen Zurich, have concluded a concession agreement to build a multi-modal cargo hub (MMCH) at Noida... more
ONE takes over first 24,000 teu vessel
As Ocean Network Express (ONE) aims to achieve net-zero carbon emissions by 2050 with its "Green Vision" strategy, the shipping company received its first ever 24,000-teu class Megamax vessel "One Innovation" at the Japan Marine United Corporation’s Kure... more
Columbia Group opens office in Istanbul
The Columbia Group has underlined its commitment to the burgeoning Turkish maritime cluster by opening an office in Istanbul. CSM Turkey will be headed up by Ozgur Gunes (right) and overseen by Xanthos Kyriakou and Johann Meyer from the Italian and German offices respectively.... more
War in Ukraine: a hard blow to intermodal traffic
The European combined transport declined slightly by 0.3% in 2022, according to UIRR. The domestic performance reached a historic high with 3.26 million teu, which represents an increase of 5.6% y-o-y. Extra-EU – mostly intercontinental - traffic decreased by 48%. In terms... more
Europa Air & Sea expanding into continental Europe
The UK-based transport and logistics company is opening its first Dutch base, located in Rotterdam. This move follows the operator’s plans for a new team in Delhi, India. The continued investment demonstrates how Europa is setting the pace in the market, the company said.... more