Singapore investment in US-American player 
The New York-based private equity firm Greenbriar is selling one of its assets to PSA International, a port and terminal operator headquartered in Singapore. Based on the agreement, 100% of the shares of privately-held BDP International change hands. The transaction is... more
WFS expands at Copenhagen Airport
Copenhagen Airport has acknowledged Worldwide Flight Services’ (WFS) latest investment to expand its cargo handling facilities as enabling ‘future airfreight growth’ for the airport and its airline clients. WFS is the largest cargo handler in Copenhagen, supporting 31... more
MOL deepens level of integration
On 30 November 2021, the Japan-headquartered shipping company MOL decided to acquire common stock of the Daiburu Corporation in Osaka and Utoc Corporations in Yokohama, respectively, through tender offers for the purpose of making both companies wholly-owned subsidiaries.... more
Four new airline customers for Taiwan's Egac
Effective today, 1 December 2021, Evergreen Air Cargo Services Corp. (Egac) will begin providing cargo handling for United Cargo at Taiwan Taoyuan International Airport (TPE). Egac is a ground handling company offering a wide range of air cargo services with experience... more
China's performance balancing world trade
The container throughput index of the RWI - Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) rose from 122.3 points (seasonally adjusted) to 123.3 points in October, according to the current flash estimate. The Chinese... more
DHL picks Saul Resnick
Current chief executive officer DHL Supply Chain UK & Ireland, José F. Nava is moving to a new global role as head of next generation services programme, DHL Supply Chain. He will be replaced by Saul Resnick, currently chief executive officer DHL Supply Chain Australia &... more
Joining forces for digital trade corridor
Crimson Logic, headquartered in Singapore, has signed a MOU with the Kazakhstan logistics operator KTZ Express and IT partner Digital Silk Way (DSW) to establish a digital trade corridor. The initiative will serve the trans-Caspian international transport route, which starts... more
Evergreen pumps up volume
Taiwan-headquartered Evergreen Marine has ordered two new ultra large container ships of 24,000 teu. The container units will be built by China's Jiangnan Shipyard. The investment is valued at USD 320 million. Delivery dates have not made public so far. A 24,000 teu pair of... more
A first for China
China’s first hydrogen fuel cell hybrid locomotive, jointly built by CRRC Datong and State Power Investment Corporation, has entered service on the Jinzhou-Baiyinhua Railway in Inner Mongolia Autonomous Region. The locomotive’s designed speed reaches 80km/h. The engine can... more
A closer look at financial highlights
It is well known that carriers are currently experiencing a boom with sky-rocketing financial results. The Copenhagen-based maritime consultancy Sea-Intelligence has analysed the financial and volume performances of the major carriers in Q3/2021. Due to record-high freight... more