Global Economy

PSA Northeast Asia Supply Chain Pte Ltd (“PSA”) and Duisburger Hafen AG (“Duisport”) have formed a joint venture company, Multimodal Investments Pte Ltd (“MIPL”),  to invest in multimodal logistics facilities in …

Worldwide Flight Services (WFS) is working with Brussels Airport and the Air Cargo Belgium community to help eliminate waiting times for international road feeder services in the latest initiative to …

CMA CGM Group has announced the acquisition of all shares of Gulftainer Lebanon, the operator of the Port of Tripoli container terminal. With 14 weekly calls at the ports of …

Enrique K. Razon, Jr., ICTSI Chairman and President said: “ICTSI has delivered a positive performance in very challenging circumstances and it highlights not only the significant dedication and commitment of …

Hong Kong’s Cathay Pacific Airways Ltd reported a record annual loss of HK$21.65 billion (£2 billion), caused by a travel downturn, restructuring costs and fleet writedowns. Cathay Pacific’s group chairman …

Mediterranean Shipping Company (MSC) shipped more than 1.9m reefer container in 2020, surpassing its previous record of 1.8m units transported in 2019. The shipping line said in a statement that, …

ATRAN Airlines (ATRAN) in cooperation with AirBridgeCargo Airlines (ABC), both part of Volga-Dnepr Group, have delivered aircraft engines for Yakutia Airlines from Yakutsk to Paris. Volga-Dnepr’s Cargo Supermarket concept which …

The Board of Directors of Cargojet Inc. has declared a cash dividend of $0.2600 per common voting share and variable voting share for the period from January 1, 2021 to March 31, 2021, an increase …

Engineering group Cavotec is to sell its airport business in order to focus on the fast growing ports and maritime market. As the market trends and regulatory requirements are expected …