BAI: air freight volatility remains rife 
There are few signs of abating pressure on global air freight rates. The overall Baltic Exchange Air Freight Index (BAI) rose to 3,155 this week. The last few weeks recorded the highest absolute readings since the air freight capacity trough in Q2/2020, even as the traditional... more
Green light for next call from Cork
The Belgian liner CLdN has started its second weekly sailing between the ports of Cork and Zeebrugge, complementing a first service, installed in May 2020. "Considering Brexit and the modal shift from accompanied to unaccompanied shipping, having a second direct link... more
Grimaldi launches Palermo–Cagliari link
The Naples-based Grimaldi Group has kicked off 2021 by expanding its services to and from Sicily. Its existing thrice-weekly Salerno–Cagliari connection between the Italian mainland and Sardinia will also call at the Sicilian port of Palermo on a weekly basis from 15 January.... more
USD 100 million for Project44
Project44, a startup founded in 2014 that specialises in supply chain visibility for shippers and logistics companies, has secured a further USD 100 million investment funds in a Series D financing round. The new funding raised by Insight Partners will be used to expand the... more
Covid-19 crisis makes Liège a millionaire
Specialisation in goods transport has moved Liège airport (LGG) up to the top of the table as an essential link in the fight against the pandemic. The Belgian airport saw a 24% increase in the tonnage passing through the airport compared to 2019, going from 902,480 to... more
GLP investing in Venlo
GLP has acquired a 44,000 sqm logistics asset in Venlo (Netherlands), situated close to the German border. The fully-leased facility is located in ‘Trade Port Nord’, within easy distance of the three ports of Rotterdam, Antwerp and Amsterdam. The company said that this... more
1,000 charter flights since March 2020
IAG Cargo ended 2020 with the departure of its 1,000th charter flight since March that year. The new service was introduced during the Covid-19 pandemic and utilises aircraft from the group that would, in normal times, not be available. This offering continues to be managed by a... more
LHG's results on track
The volume of goods handled by the Lübecker Hafen-Gesellschaft (LHG) in 2020 stood at 21.8 million t, a mere 2% lower, year-on-year. Increases in the last four months of the year helped keep the decline moderate. The port operator’s automobile activities grew by 20%... more
China-train reaches Europe in 32 days
Fifty feu containers carrying chemical, industrial and retail goods from Suzhou, China recently reached their destination terminal at Ludwigshafen, Germany after a journey of 32 days. This is the first westbound block train to be organised by logistics service provider... more
Sinovac vaccine arrives in Turkey
As part of its continuing healthcare, medical equipment and vaccine shipments across the globe, Turkish Cargo last week carried the first batch of Sinovac, Covid-19 vaccines procured from China by the ministry of health, to Turkey. Loaded inside 17 containers equipped... more