Worldwide Flight Services, the world’s largest air cargo handler, saw total volumes across its near 60 cargo locations in the United States increase by over 17 percent year-over-year during the first seven months of 2017.
Executive Moves: Trinity Logistics and Gebrüder Weiss
Trinity Logistics names president and chief operating officer, while Gebrüder Weiss appoints branch manager of Gebrüder Weiss Salzburg.
Radiant expands cross-border capabilities with SVT acquisition
Third-party logistics and multi-modal transportation services provider Radiant Logistics has acquired the operations of Sandifer-Valley Transportation and Logistics, Radiant said in a statement Tuesday.
MPA bars two suppliers from renewing bunker licenses
The Maritime and Port Authority of Singapore did not renew the bunker supply licenses of Panoil Petroleum Pte Ltd and Universal Energy Pte Ltd when they expired on Aug. 31.
European Commission approves loan for insolvent Air Berlin
The European governing body has agreed for Germany to provide a temporary loan to enable Air Berlin to continue operations in the coming months and prevent disruption in the EU Single Market.
Eimskip net earnings sink 43.6% in Q2 2017
The Icelandic shipping company attributed the 43.6 percent year-over-year drop in net earnings during the quarter primarily to headwinds from currency exchange fluctuations, as revenues still rose 37.2 percent from the same quarter a year ago.
Warehousing startup Stord bucks marketplace trend
The Atlanta-based technology company, which provides a platform for companies to tap into latent contract logistics space and manage warehousing contracts, is looking to be a supply chain partner, not just a marketplace for transactions.
OOCL names third 21,000-TEU containership
The newly christened OOCL Japan is expected to serve the Asia-Europe trade lane on the OCEAN Alliance’s LL1 service, which was launched in April.
MOL invests in LNG terminal project in India
Upon commencement of operations, planned for the first quarter of 2020, the facility would be the nation’s first-ever newbuild floating, storage and regasification LNG facility, according to developer Swan Energy.
Wärtsilä successfully tests remote control of supply vessel
The test was conducted over an almost four-hour period during which the supply ship was driven through a series of maneuvers at both high and low speeds.