Facility close to Seoul changes hands 
South Korean ESR Kendall Square REIT has acquired another mixed-use logistics facility for KRW 103 billion (USD 94.2 million). This acquisition follows the recent launch of “Anseong LP”/“Yongin BRIC” located in the logistics hub of the broader Yongin area about 1.5 hours... mehr
Sichuan Group in long-term agreement
The Sichuan Port and Shipping Investment Group (Spsi) and the Cargotec Corporation signed a contract on 8 June 2021 in Chengdu, China. The agreement establishes a long-term cooperative relationship with the development of land port, water port, logistics park, multi-mode... mehr
New locomotive pulls 7,100 t
Sinara and the Russian Railways (RZD) have agreed on supplying 2TE5A mainline freight two-sectioned diesel locomotives with asynchronous traction drive. The agreement envisages the production and delivery of 200 2TE35A diesel locomotives by 2031 and the construction of... mehr
Air freight specialists for Aero Africa
Hong Kong-based air cargo management group Aero Africa has welcomed Joey Xu (photo) in the newly-created position of director airfreight Asia, and Gary Tobias as regional operations manager. They will join the management team in China and Southern Africa. Xu will be... mehr
Fake luxury watches, not "plastic cards"
US Customs and Border Protection (CBP) in Louisville recently halted a shipment, manifested as plastic cards, which was arriving from Hong Kong and heading to Miami. They found a total of 20 Rolex watches deemed to be counterfeit by CBP’s trade experts. All of the watches... mehr
Bimco and ICC promoting e-BL
The Baltic and International Maritime Council (Bimco) has partnered with the International Chamber of Commerce (ICC) and other stakeholders to develop a global electronic bill of lading model for vessels operating in tramp traffics. Bimco says that this initiative will be... mehr
Strategic partnership for air cargo data
Spire Global, a space-based Earth data analytics company headquartered in San Francisco, and TAC Index, a specialist publisher of air cargo data for both industry users and the financial markets from Hong Kong, have announced a strategic partnership to support the launch of TAC... mehr
Azerbaijan carrier running regularly to Georgia
Ady Express has started transporting another cargo category along international transport corridors that pass through Azerbaijan. Thanks to a cooperation with the Russia-based Mechel Group, which produced 3.7 million t of steel and 3.5 million t of pig iron in 2020, Ady Express... mehr
Hill Dickinson boosts Singapore commodities expertise
Hill Dickinson has appointed Iain Sharp, a commodities disputes specialist, as partner in the Singapore office. The aim is to enhance the firm’s commodities practice in Singapore, as well as to work with Hill Dickinson’s shipping and trade lawyers in London, Hong Kong and... mehr
Teleport injects cargo capacity to Southeast Asia
With the operation of its very first freighter, a dedicated B737-800F, and the use of two Air Asia A320 "preighters", Teleport, the logistics venture of Air Asia Digital, is further reinforcing its position as a regional air logistics player. The freighter will begin... mehr