HMM also sees the tide turning 
South Korea-based carrier HMM has reported its 2022 results as the last of the big shipping companies in line. Revenues of USD 14.5 billion (+34.7% compared to 2021) stood against a net profit in 2022 of USD 7.9 billion, an increase of 34.8%. Despite a 3.5% decline in... more
Rail-sea service to the East launched
Ruscon and Sakhalin Shipping Company (Sasco), both part of Delo Group, have launched a joint multimodal service on the Moscow-Vladivostok-Korsakov-Magadan route in Russia. Trains from Ruscon's own terminal at Kresty station (Moscow) depart for Ugolnaya station (Vladivostok)... more
Teleport picks Wexco Group as GSSA in Australia
Wexco Group, Australia’s longest-serving GSSA, has signed a contract with Teleport, the logistics venture of Capital A (formerly known as Air Asia). It covers three airlines for all belly capacity originating from Australia and New Zealand. The contract puts the ECS Group... more
Silver for haulier’s environmental efforts
Kerry Logistics has won the Silver Award in the transport and logistics category at the Hong Kong Awards for Environmental Excellence for its outstanding green leadership, effective environmental programmes and efforts in encouraging its partners to implement environmental... more
Vessel S&P service backed by Baltic Exchange
Squire Patton Boggs (SPB), a Cleveland (OH, USA)-based international law firm with 42 offices in 20 countries, has partnered with The Baltic Exchange, owned by the Singapore Exchange (SGX) Group. The contribution of the company, which achieved a turnover of over USD 1... more
On big and small anniversaries
Cargo-Partner in Hong Kong recently celebrated the 15th anniversary of its regional head office for the Asia-Pacific region. 2023 also marks the 40th anniversary of the founding of the Austrian group at Vienna Airport. As the company's regional head office, the Hong Kong... more
Wisetech Global's next coup
Sydney (Australia)-headquartered Wisetech Global (WTC), developer of the logistics software Cargowise, recently acquired the US-based company Blume Global (Blume). Amongst others, Blume provides a software solution facilitating intermodal rail in North America. The price of... more
Tailwind aiming at the niches
The shippers' experiment continues. Tailwind Shipping Lines, the liner of the German retail group Lidl, is launching its second Asia-Europe service. It is named Tiger Express (TEX), after the Bengal tiger, the national animal of Bangladesh. The new offer follows the inauguration... more
Creating a new rail footprint for Australia
Team Global Express (TGE) has signed an eleven-year partnership with Aurizon to operate its containerised railfreight service along the East-West (Sydney-Melbourne-Adelaide-Perth) and North-South (Brisbane-Sydney-Melbourne) railfreight networks. The Australian carrier will... more
Rail parcel service launched
Indian Railways and India Post have formally launched the Rail Post Gati Shakti express cargo service to provide seamless logistics for the services sector in the country. The new product is currently operational in four sectors -Delhi to Kolkata; Bangalore to Guwahati,... more