Category Archives: News

DP World secures $1 billion in trade finance

DP World has announced that its trade finance platform has surpassed $1 billion (approx. €920 million) in working capital facilitated for businesses across emerging markets, just four years since its inception. The milestone reflects the company’s drive to bridge the estimated $2.5 trillion (€2.3 trillion) global trade finance gap, which continues to restrict growth opportunities […]

Bertschi Group prepares for generational change

The global logistics service provider Bertschi is setting the course for the future. The third generation is gradually taking over responsibility for the strategic management of the Group. Hans-Jörg Bertschi, majority shareholder and Executive Chairman of the Board of Directors, will pass the torch to his three nephews Markus, Beat, and Jörg Berner in the […]

Carr’s Hill invests in Freedom Intermodal

New Orleans-based private equity firm Carr’s Hill Capital Partners Management has taken a majority stake of TCI Tank Logistics, which trades as Freedom Intermodal. The recapitalisation was done in partnership with Freedom’s management and the Jensen Companies. Also based in New Orleans, Louisiana, Freedom has operations in several major ports along the US Gulf Coast, […]

JHS Logistics cuts breakdown repair time with TNS 365

A port logistics provider says it has significantly reduced vehicle downtime after switching to a new breakdown repair and recovery specialist. Based in Southampton, JHS Logistics operates nationwide, providing container haulage and other logistics services to all major UK ports. The company runs a fleet of 44 tractors and 50 trailers, comprised of skeletal and […]

Chapman Freeborn transports record cargo shipment at PIK

Chapman Freeborn has successfully completed a record-breaking cargo shipment operation at Glasgow Prestwick Airport (PIK). Earlier this year, the company organised a cargo charter flight that transported the longest piece of cargo the airport has ever handled. The shipment included a 67-foot-long, 24-tonne component, transported on three 20-foot connecting pallets, along with two additional 40-foot […]

Stolt-Nielsen reports ‘solid profitability’ in latest results

Stolt-Nielsen Limited has reported unaudited financial results for the second quarter ending May 31, highlighting solid profitability in the face of a challenging business environment. The company posted a second-quarter net profit of €69.2 million on revenues of €656 million, down from a net profit of €92.2 million and revenues of €681.8 million in the same […]

Van den Bosch strengthens position in Spain with full acquisition of Multirail

Logistics service provider Van den Bosch has acquired full ownership of the Spanish rail company Multirail. “This step marks our confidence in the development of intermodal transport in Spain and its connections with the European network,” said CEO Rico Daandels. “With the full acquisition of Multirail, we are strengthening our position in the Spanish market,” […]

UPEI and FETSA welcome European Parliament’s proposals to boost energy security

UPEI – the voice of Europe’s independent energy and mobility suppliers – and FETSA – the Federation of European Tank Storage Associations – warmly welcome the European Parliament’s adoption of its resolution on Energy Security of Supply. Recent crises have exposed critical vulnerabilities in Europe’s energy systems and underscored the urgent need to build lasting […]

Klaipėda LNG Terminal plans virtual biomethane liquefaction service

International terminal operator KN Energies has announced plans to launch a virtual biomethane liquefaction service at the Klaipėda LNG terminal, in a move aimed at expanding the liquefied natural gas (LNG) value chain and supporting the transition to more sustainable fuels. The service, expected to go live later this quarter, will allow biomethane producers and […]