HHLA TK Estonia upgrades handling facilities
HHLA TK Estonia, a subsidiary of Hamburger Hafen und Logistik AG (HHLA), is ushering in the grain season with innovative and sustainable solutions for bulk handling and warehousing in the Estonian port of Muuga. The company has recently expanded its facilities by adding three newly built warehouse sections and upgrading its automatic entry and scale […]
CNC Line-operated boxship grounds after hitting Busan breakwater
A boxship operated by CMA CGM’s intra-Asia subsidiary CNC Line remains anchored in Busan after running aground on 28 July. According to the Korea Coast Guard, the 1,900 TEU vessel Sky Challenge had knocked into a breakwater at 2.05 am local time, while attempting to berth. The impact caused Sky Challenge to be grounded. S&P […]
Allseas’ Green Ace ruling a tale of two definitions
Court documents show that a US$27 million dispute was settled on the definition of two short words, “to be”, with Allseas Global Management Logistics (AGML) defining it as some time the future, and owner SFL’s claiming that in this instance it was confirming agreement. AGML and vessel owner, the Fredriksen company SFL, entered into protracted […]
ZIM opens its new USA headquarters
Israel-based shipping company ZIM announced the grand opening of its new United States headquarters in Virginia Beach. ZIM said the event, celebrated with employees, colleagues, customers, and guests from across the US, marks a significant milestone for the company. “We are excited to open our new US headquarters in Virginia Beach. This milestone is a […]
Wärtsilä and Seapeak sign Lifecycle Agreement for ten LNG Carriers
Technology group Wärtsilä has signed a 16-year Lifecycle Agreement with Seapeak Maritime (Glasgow) Ltd, one of the largest independent owner-operators of liquefied gas vessels. The contract, which took effect in January 2024, covers ten LNG Carriers and is an extension of an earlier Wärtsilä Lifecycle Agreement for these vessels. The new order was booked by […]
SIA and IBS Software collaborate on shipment record solution
Singapore Airlines (SIA) and India-based IBS Software have announced a milestone in their quest to jointly develop a shipment record solution. The hope is to advance towards IATA’s ONE Record standards through the digitisation of shipment records and usage of technology. The two companies have announced that – working in conjunction with Cargo Community Network […]
Leipzig/Halle Airport operator renegotiates deal with DHL
Leipzig/Halle Airport airport operator Mitteldeutsche Flughafen AG (MFAG) has reached an agreement on the extension of its contract with DHL which will see the express carrier pay higher landing fees at its largest hub, people familiar with the matter told Air Cargo News sister title DVZ. MFAG told DVZ that it would not comment on […]
ATSG subsidiary delivers B767-300 freighter to Georgian Airways
Air Transport Services Group, Inc’s (ATSG) leasing subsidiary Cargo Aircraft Management (CAM) has delivered a Boeing 767-300 freighter aircraft to Georgian Airways. Georgian Airways offers scheduled, charter and regular flights across Europe, the Baltic region, the Caucasus, the Black Sea Region, the Middle East, eastern and southern Asia. The 767-300 is a newly converted freighter, […]
K+N uses SAF to minimise Mercedes-Benz carbon footprint
Supply chain services provider Kuehne+Nagel (K+N) has pointed to its use of sustainable aviation fuel (SAF) in supporting Mercedes-Benz’s logistics chains into the US for over a year as helping the Germany-headquartered automotive manufacturer to lessen its CO2 emissions by approximately 11,000 tonnes in just the past 12 months. Switzerland-headquartered K+N has been supporting the […]
Hayfin seals management buyout deal with Arctos
UK alternative investment platform Hayfin Capital Management has reached an agreement with US private equity group Arctos Partners to secure a management buyout of the business. The deal will see the acquisition of British Columbia Investment Management Corporation’s majority stake for an undisclosed sum. One of the largest institutional investors in Canada, with C$250.4bn in […]