ICTSI boosts Manila terminal operations with new cranes
ICTSI’s flagship Manila International Container Terminal (MICT) in the Philippines has completed the commissioning of its three new quay cranes. With this latest investment, the global operator International Container Terminal Services, Inc. (ICTSI) aims to enhance the terminal’s capacity to handle the increasing demands of modern container shipping. “The acquisition of these new quay cranes […]
SPONSORED: Baltic Cargo HUB looks ahead to a freight future
Legal entity Baltijas kravu centrs SIA was established in 2001 and since then has been providing high-quality cargo and mail handling services for airlines flying to and from Riga in Latvia. Operating more than 20 years, the brand name of the company has changed from Globe Ground Baltic, North Hub Cargo to Baltic Cargo Center, […]
SPONSORED: RIX Riga Airport – The Rising Star of Baltic Air Cargo
Riga Airport’s strategic initiatives and infrastructure investments have positioned it as a key player in the Baltic air cargo industry. Its efforts to enhance cargo capacity, forge strategic partnerships, and develop comprehensive logistics solutions underscore its commitment to leading the region’s air cargo business. As demand for air freight continues to grow, Riga Airport is […]
Hamad International cargo on the up
Doha’s Hamad International Airport cargo traffic, as measured in tonnages, rose by 12% in the first six months of this year compared to the first half of 2023. It handled a total of 1.25m tonnes of cargo over the January – June period. In June, Hamad International handled 213,873 tonnes of cargo. The gateway has […]
DHL air volumes up in the second quarter but profits slide
DHL Group saw its air and ocean freight volumes rise in the second quarter of this year, contributing to a slight increase in year on year group revenue. The express and logistics giant registered a 5.3% increase in air volumes to 437,000 tons in the second quarter, while its ocean volumes grew by 6.4%. Second […]
Boeing names Kelly Ortberg as new president and chief executive
Boeing’s board of directors has elected Robert K (Kelly) Ortberg as the company’s new president and chief executive. The move will becomes effective on August 8. Ortberg will succeed Dave Calhoun, who earlier this year announced his intention to step down and leave the company. He had served as president and chief executive since January […]
China’s wind and solar capacity overtake coal for the first time
The landscape of China is changing on a scale hard to fathom to outsiders with renewable energy projects stretching across vast terrains, and in the process altering the fortunes for dry bulk owners. China’s investments in renewables are gigantic, leading the world in wind and solar, with twice as much capacity under construction as the […]
JP Morgan takes over US carrier Bold Ocean
Investors advised by JP Morgan Asset Management have acquired US shipping and logistics firm Bold Ocean from private equity firm Nova Infrastructure for an undisclosed sum. Annapolis, Maryland-based Bold Ocean operates nine vessels that transport goods under long-term charter with the US government. In 2018, a group of companies in US flag shipping, fleet technical […]
Third ship spills oil in same area of the Philippines
Remarkably authorities in the Philippines have had to attend to another distressed vessel in Bataan to the west of Manila, a third ship accident in the area in the space of just one week. Oil was seen flowing into the ocean yesterday from tanks inside the Mirola-1, which ran aground near the shore of Mariveles […]
Yang Ming completes top management reshuffle
Taiwanese shipping line has completed a top management reshuffle with Cliff Pai promoted to president and Feng-Ming Tsai coming onboard as chairman. Pai, formerly chief strategy officer at the line, has been with Yang Ming for the past 40 years. He takes over from Patrick Tu. Tsai, meanwhile, is a professor who holds a Ph […]