ICTSI on par with 2019 
The Manila-based operator International Container Terminal Services Inc (ICTSI) has reported its audited consolidated financial results for 2020. Its revenues rose by 2% to USD 1.5 billion (USD 1.48 billion in 2019), its ebitda by 6% to USD 876.8 million (USD 830,1 million in... more
“Re-setting” Europe–Australia air cargo routes
Consol Alliance, an Australian wholesaler founded in 2011, and the recently-formed airfreight consolidator Wholesale-by-Vels, have entered into a strategic partnership to develop trade air cargo business on the Europe-Australia route.Initially, the alliance will operate weekly,... more
Further expansion in China
Just like other players, Seko Logistics also wants to expand its footprint in China, with its new investment partner, Ridgemont Equity Partners, backing the plans. Thus Seko opened an office in Qingdao in February, which will be followed later this year by the expansion of its... more
Overland transport – quicker and cheaper
Concor, a specialist for containerised rail transport in India, and Russian Railways Logistics (RZDL) have signed an MoU to cooperate in promoting intermodal transport in the international north–south overland transport corridor. The agreement enables players to transport cargo... more
An index for LNG units
An index for the seaborne trade in liquified natural gas (LNG) went live this week. The Baltic Exchange introduced it on the basis of carriers burning LNG as their primary fuel (and not marine fuel oil or marine gas oil).The new index, with the acronym BLNGg, will be published... more
Vaccines from Belgium distributed in South Korea
Last week, UPS transported the first Pfizer-BioNTech Covid-19 vaccines to South Korea. A fleet of trucks lined up at Seoul Incheon airport to handle the shipments after landing.The vaccines, which require ultra-cold chain storage, were packed in Belgium for their journey, and... more
Hong Kong airport as double hub
Last weekend Hong Kong airport cooperated with government departments and business partners to handle the first batch of Comirnaty Covid-19 vaccines flown from Frankfurt to Hong Kong. The hub also transhipped a batch to Macao across the Hong Kong-Zhuhai-Macao Bridge.The Cathay... more
K+N takes advantage in 2020
As he presented Kuehne + Nagel's annual results for 2020 at a virtual press conference recently, CEO Detlef Trefzger spoke of a year characterised by "organic and inorganic growth, especially towards Asia.” The takeover of Apex International marks the end of a... more
Global shipping practice launched
The Amrop Partnership, a leadership advisory and executive search consultancy, has launched a global shipping practice. Headed by Christian Reich and Peter Poulsen from Amrop’s Copenhagen office and Thomas Hofer from Amrop Singapore, experienced shipping experts will advise... more
Seasonal upgrade for PAD
CMA CGM and Marfret will enhance their joint Europe-Australasia Panama Direct (PAD) as from the end of March. The frequency will be increased from fortnightly to weekly, with CMA CGM providing eleven vessels and Marfret one unit. The rotation will remain the same. Ports of... more