Blocked funds threaten market connectivity 
The airline industry’s blocked funds have increased by 47% to USD 2.27 billion in April 2023 from USD 1.55 billion in April 2022. Willie Walsh, director general of the International Air Transport Association (Iata): "Airlines cannot continue to offer services in markets... more
A hub for cross-border trade in Malaysia/Thailand
Construction of the new inland port BKH-ICD in Kedah in Malaysia near the border to Thailand is proceeding according to plan. Once in operation, the hub is designed to boost trade between the two countries, PKT Logistics said. The BKH-ICD Inland Port will be equipped with... more
Speeding up rail services between China and Russia
The Russian transport companies Fesco and RZD Logistics are planning to introduce a joint Rail Jet service and recently signed an agreement to this effect. Rail Jet will offer regular and quick freight transport services between Manchuria in China and Moscow in Russia in future,... more
Bimco elects Nikolaus H. Schües as president
At its general meeting in Hong Kong on Thursday, 25 May 2023, Bimco, the world’s largest shipping association, elected Nikolaus H. Schües, CEO and owner of Reederei F. Laeisz as its new president. Schües takes over as the 46th president of Bimco and the first German national to... more
Dokasch Temperature Solutions picks Emily Tang
Dokasch Temperature Solutions, a specialist in temperature-controlled packaging for pharmaceuticals and other products, has appointed Emily Tang as sales & business development manager for China. She has been catering to the needs of customers using the Opticoole packaging... more
A fresh first from Kenya to Brunei
Southeast Asian shipping company Pacific International Lines (PIL) has successfully transported its first shipments of avocados from Kenya to Brunei using Carrier Transicold’s innovative "Everfresh" controlled atmosphere system. Part of Carrier Global Corporation,... more
WFS opens air cargo terminal in Bengaluru
Worldwide Flight Services (WFS), a member of the Sats Group, has opened its air cargo terminal and cold chain facility at Kempegowda International Airport, Bengaluru (BLR Airport) in India. WFS was awarded the 15-year licence to operate the international cargo terminal and... more
Aapa: air cargo demand recedes in April
Preliminary April 2023 traffic figures released by the Association of Asia Pacific Airlines (Aapa) showed robust growth in passenger travel, while air cargo demand receded. Meanwhile, export activity remained relatively muted, held back by declines in new business orders and... more
MOL Switch for decarbonisation
The Japanese shipping company Mitsui O.S.K. Lines (MOL) has drafted a new management plan, "Blue Action 2035", to achieve its target of net zero emissions by 2050, which is one of its main strategies. It has now also a wholly indirectly owned company in USA, called MOL... more
Korean Air launches cargo services to Zhengzhou
Korean Air launched a new cargo route to Zhengzhou, China on 25 May 2023. The airline’s fleet of Boeing 777F will serve the route twice a week on Thursdays and Saturdays to meet rising air cargo demand for mobile phone and electronic parts manufactured in the area. The... more