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Two Japanese Airlines: JAL Continues to Lose Money, but ANA Returns to Profit
Two Japanese airlines, Japan Airlines (JAL/JL) and ANA Holdings (ANA/NH), have announced their consolidated financial results for the...
Feb 26, 2022
Maersk to Strengthen Indian Rail Freight to Expand Logistics in the Country
According to Maersk, the development of 13 weekly rail freight procurement services in India has led to a 43% growth in export cargo...
Feb 5, 2022
Mitsui O.S.K. Lines (MOL) to Provide 500 Million Yen to Mauritius in Accident Relief Measures
Mitsui O.S.K. Lines (MOL) has set up a second fund in Japan to help with the massive fuel oil spill off the Indian Ocean island nation of...
Jan 15, 2022
Mitsui O.S.K. Lines to Consolidate Three Dry Bulk Shipping Businesses into New Company
Mitsui O.S.K. Lines (MOL) will consolidate its tramp shipping business, woodchip shipping business, and Panamax business (except for the...
Dec 19, 2021
Emirates to invest 114 billion yen to boost cargo fleet by 2024
Emirates SkyCargo (UAE/EK) has announced plans to invest 3.6 billion dirhams (114 billion yen) in the introduction and refurbishment of...
Dec 5, 2021
Concerns over prolonged outage of South China Barge Feeder Service ahead of schedule
Barge feeder services in the Pearl River Delta in South China will be suspended from mid-December, earlier than usual, due to the...
Dec 5, 2021
ANA halts RFS due to flooding in Canada
ANA Cargo has temporarily stopped accepting new bookings for its Road Feeder Service (RFS) from Vancouver International Airport to some...
Nov 28, 2021
ONE expects full-year profit of 1,336.4 billion yen
Ocean Network Express (ONE) is expected to post a 3.4-fold year-on-year increase in after-tax profit to 1.336 trillion yen ($11.76...
Nov 22, 2021
NYK Cargo Movement Forecast, Crude Oil Imports Surge in Southeast and South Asia
Nippon Yusen Kaisha (NYK) has revealed its outlook for marine cargo movement and supply-demand balance for shipping. The driving force of...
Nov 13, 2021
ANAHD's financial results for April-September 2021, revenue 2.7 times higher than the previous year
According to ANA Holdings' consolidated financial results for the April-September period of 2021, international cargo revenue for the...
Nov 3, 2021
Maersk acquires Dutch e-commerce services company
A.P. Moller-Maersk (Denmark) has completed the acquisition of B2C Europe Holdings (Netherlands), an e-commerce services business. B2C...
Oct 9, 2021
FedEx Raises Shipping Rates, Reflecting Cost Increase
FedEx Corporation announced that three of its subsidiaries, FedEx Express, FedEx Ground and FedEx Freight, will increase their shipping...
Oct 1, 2021
ONE adds two new features to its mobile app, including cargo tracking
Ocean Network Express (ONE) has added two new features to its mobile app, Track & Trace and Chat, which were launched in May. Track &...
Oct 1, 2021
Philippine Airlines files for U.S. bankruptcy protection over Corona disaster
Philippine Airlines (PR/PAL) filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court on September 3. This is equivalent...
Sep 12, 2021
Business alliance between ANA Cargo and Maruwa Unyu Kikan
ANA Cargo (ANA/NH) and Maruwa Unyu Kikan have concluded a business alliance. The two companies will work together to promote the...
Sep 8, 2021
Three major shipping companies to revise upward their full-year earnings forecasts
The three major Japanese shipping companies (NYK Line, MOL, and Kawasaki Kisen Kaisha) have all revised upward their full-year forecasts...
Aug 15, 2021
FedEx to Strengthen Air Freight Network for EC between Europe and Asia
FedEx Express (FDX/FX) will open four new air routes originating in the tri-polar East Asia. This is in response to the expansion of the...
Aug 8, 2021
Maersk posts record Q2 2021 results
According to Maersk's Q2 2021 results, sales were $14.2 billion (+58% YoY), EBIT (Earnings Before Interest and Taxes) quintupled to $4.1...
Aug 8, 2021
FedEx Forms Strategic Alliance with Indian Logistics Startup
FedEx Express, a subsidiary of FedEx, has invested $100 million (about 11 billion yen) in Indian logistics startup Delhivery to form a...
Jul 25, 2021
Korean Air Finalizes Proposed Integration Plan with Asiana Airlines
Korean Air (KAL/KE) has finalized its proposed merger (PMI) plan with Asiana Airlines (AAR/OZ). In November last year, Korean Air signed...
Jul 12, 2021
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