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
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
“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
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
Kirchgeorg takes the reins
Siemens Digital Logistics has hired Volker Kirchgeorg as CEO, starting in March. Kirchgeorg, an experienced technology sector manager, has joined the IT provider for global supply chain management as a specialist in the digital transformation of logistics processes.Kirchgeorg... more
Sweden turning from land to sea
The Swedish government wants to drive the ecological transformation in the country further. Shipping companies are eligible to apply for an environmental compensation bonus to transition from overland to maritime transport. It was revealed at the end of February that three of... more
Five o’clock at Walker’s
The Real Tea Company is outsourcing its logistics. The English firm, which has specialised in purchasing and distributing tea since 2004, has outsourced responsibility for the management of its B2B and new B2C supply chains to Berkshire-based Walker Logistics.As online sales to... 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
Foodstuffs logistician modernising fleet
The vehicle rental enterprise Fraikin is receiving 30 units (D18/D14 Wides) and six tractors (T480s) from Renault Trucks in Q1 of this year.Fraikin, which is headquartered in Echandens in western Switzerland, will operate the trucks under its fleet management scheme, but lease... more
Loxxess ready for more hazmat logistics
The logistics and fulfilment service provider Loxxess is expanding its capacities in the field of hazardous materials logistics. The firm, based in Tegernsee in Bavaria (Germany), has thus responded to the reorganisation of production processes for key goods in the pandemic,... more