Evergreen pumps up volume 
Taiwan-headquartered Evergreen Marine has ordered two new ultra large container ships of 24,000 teu. The container units will be built by China's Jiangnan Shipyard. The investment is valued at USD 320 million. Delivery dates have not made public so far. A 24,000 teu pair of... more
A first for China
China’s first hydrogen fuel cell hybrid locomotive, jointly built by CRRC Datong and State Power Investment Corporation, has entered service on the Jinzhou-Baiyinhua Railway in Inner Mongolia Autonomous Region. The locomotive’s designed speed reaches 80km/h. The engine can... more
A closer look at financial highlights
It is well known that carriers are currently experiencing a boom with sky-rocketing financial results. The Copenhagen-based maritime consultancy Sea-Intelligence has analysed the financial and volume performances of the major carriers in Q3/2021. Due to record-high freight... more
A stronger presence in China
Railfreight traffic on the New Silk Road continues to grow: more than 12,000 corridor travelled through the Eurasian corridor in 2020, carrying more than 200,000 containers. By 2025, this number is expected to rise to 500,000. German railfreight company DB Cargo is now... more
ESR raises one billion dollars
ESR, a major APAC focused logistics real estate platform, has upsized its first sustainability-linked loan (SLL) to USD 1 billion after its first close in early November 2021. Taking its inaugural step into sustainable financing, the group announced that it had secured its... more
Two Airbus A400M for Indonesia
Indonesia’s ministry of defence has placed an order for two Airbus A400M aircraft in multirole tanker and transport configuration. The contract, effective in 2022, will bring the total number of A400M operators to ten nations. The agreement includes a complete maintenance... more
CMA CGM: another big investment
CMA CGM has contracted the South Korean Hyundai Mipo Dockyard (HMD to build a series of ten 2,000 teu ice-class vessels. The vessels will run on dual-fuel engines and can therefore rely on liquefied natural gas. The order was said to be worth a specific USD 627 million.... more
North Vietnamese terminal hits the mark
In Vietnam, Tan Vu terminals at the Hai Phong Port in Dinh Vu Industrial Park handled its one millionth teu in mid-November. While the ports in southern Vietnam tend to be the busiest, this is the first time a port in northern Vietnam has handled one million teu in a year,... more
Four Eurasian operators honoured
Recognising excellence and best practice across a range of areas, including economic performance, corporate social responsibility and the environment, the International Road Union allocated the Best Eurasian Road Transport Operator awards 2021 to four road transport operators in... more
Serving ho, ho, Hobart again
Hong Kong's Cathay Pacific Cargo is reintroducing its seasonal charter service to Tasmania for produce from both land and sea originating in Australia's smallest state. The first flight is departing its capital Hobart today, 29 November 2021, and services, with refuelling in... more