A Swiss purchase for Japanese logistics group 
Nippon Express is acquiring the Tramo group, a European shipper specialising in luxury furniture markets. The deal is estimated to be worth just over 10 billion yen (USD 68 million). By buying Tramo, Nippon Express aims to boost its competitiveness abroad, as a shrinking... more
CBP seizes 100 shipments of counterfeit products
During a one-week period in July, US Customs and Border Protection (CBP) officers intensified inspections on incoming shipments moving through the Cincinnati Port of Entry. On 10 – 14 July, during the special operation “home plate”, officers focused enforcement efforts on... more
Trans-Caspian terminal construction launched
According to press reports, Kazakhstan and Georgia have started to build a terminal in the port city of Poti (Georgia) to enhance freight traffic on the Trans-Caspian International Transport Route (TITR). The total investment is estimated at USD 15 to 20 million. Both... more
Arrow Electronics showcases Chinese start-ups
Global technology-solutions provider Arrow Electronics hosted its annual "Arrow Technology Showcase" event in Shenzhen, China on 22 August 2023. Under the heading "Guiding Technovators to a Better Tomorrow”, the event brought together hundreds of technology... more
More EVs for India
Maersk launched its three-wheeler and four-wheeler electric vehicles (EV)s in Mumbai, India, last year. Since then, the country’s awareness of EVs has grown, resulting in an unprecedented rise in demand from several customers. Maersk is now increasing its EV fleet to over... more
Another new maindeck destination in China
Etihad Cargo, the cargo and logistics arm of Etihad Airways, has added a weekly freighter service between Abu Dhabi and Guangzhou in response to increased demand for cargo capacity for China. In recent months, the carrier has continued to expand its Asian network, launching... more
New wind technology sets sail
In a pioneering partnership, Cargill, BAR Technologies, Mitsubishi Corporation, and Yara Marine Technologies are introducing innovative wind propulsion technology for commercial shipping. Mitsubishi's 'Pyxis Ocean', chartered by Cargill, is the first ship to be retrofitted... more
ESR sets up RBM 10 billion income fund
ESR Group has established its largest-ever RMB income fund with one of China’s major insurance companies, launching with a total investment capacity of approximately RMB 10 billion. The fund will be seeded with a prime logistics portfolio of RMB 2.3 billion from ESR’s balance... more
Geodis strengthens intermodal network to China
The extended network to Shenzhen from Singapore will officially launch on 23 August 2023 and will subsequently be extended to Hong Kong (China), and soon to Indonesia, connected by an inter-modal road-sea service. The network features advanced IoT technology and equipment... more
CNC launches Bay Bengal Express
CNC, CMA CGM's sole Intra-Asia short sea operator since 2019, is introducing the Bay Bengal Express 6 (BBX6) service, connecting ports in Bangladesh, Malaysia, Vietnam, and China. Described as a direct link from Ho Chi Minh to Port Klang and Chittagong, it establishes a... more