Mediterranean Shipping Co. plans to own a controlling stake in new Italian flag carrier ITA Airways in a deal valued somewhere around US$1.4 billion, which would include German airline Lufthansa. Lufthansa would act as an industrial partner and possibly consider up to 40 percent equity involvement, but some analysts think it is unlikely to make an immediate investment. The airline, exiting restrictions on merger activity that came with its 9 billion-euro government bailout, has paid back … [Read more...] about Lufthansa joins MSC in bid for Italian airline
Logistics
Airbus launches new cargo service with Beluga fleet
Airbus has launched a new air cargo service using its unique BelugaST fleet to offer freight companies and other potential customers a solution to their outsized freight transport needs. The new service—Airbus Beluga Transport—will target a variety of sectors, including space, energy, military, aeronautic, maritime and humanitarian sectors. The first mission took place at the end of 2021 with a delivery from Airbus Helicopters’ manufacturing site in Marignane to Kobe in Japan for an … [Read more...] about Airbus launches new cargo service with Beluga fleet
Cainiao to spend US$47m to serve Chinese New Year rush
Press release Cainiao Network is committing RMB 300 million (US$47 million) in subsidies to incentivize over 150,000 logistics employees and courier personnel in 300 Chinese cities to ‘safeguard’ logistics services ahead of the upcoming Spring Festival holiday in China. For consumers, this means that eCommerce purchases made on Alibaba platforms such as Taobao and Tmall will be dispatched as per normal, both in China and around the world. In anticipation of a surge in consumer demand, … [Read more...] about Cainiao to spend US$47m to serve Chinese New Year rush
B&H sees ‘hand carry’ as answer to urgent AOG shipments
B&H Worldwide plans to enhance its services in US, South America, Asia and intra-Europe as it looks to cater to the demand in on-board courier (OBC) requirements. The aerospace logistics player says customers are turning to OBC as a reliable means of delivering time-critical AOG (aircraft on ground) shipments, becoming an alternative option to traditional freight movements. Also read: B&H Worldwide expands Singapore operations B&H Worldwide adds that it has … [Read more...] about B&H sees ‘hand carry’ as answer to urgent AOG shipments
Bolloré teams up with warehouse robot supplier in SG
Bolloré Logistics is paving the way for automated warehouse solutions with an initial order for a very narrow aisle (VNA) robotic truck to be used at its Blue Hub in Singapore. The transport and logistics player has signed a partnership agreement with Balyo, a designer and developer of robotic solutions for material handling trucks, as it aims to achieve automated pallet movement for its warehouses in Asia Pacific. Also read: Bolloré gets offer for its African logistics unit from MSC As … [Read more...] about Bolloré teams up with warehouse robot supplier in SG
Maersk boosts fulfilment service with LF Logistics takeover
Leading shipping line Mærsk A/S has reached an agreement to acquire 100 percent of the shares in the contract logistics business of Hong Kong-based LF Logistics in an all-cash deal valued at US$3.6 billion. The acquisition is expected to strengthen Maersk’s capabilities as an integrated container logistics company that offers end-to-end supply chain solutions to its customers. Also read: Shipping giant Maersk beefs up air freight operations LF Logistics, owned by fashion and retail … [Read more...] about Maersk boosts fulfilment service with LF Logistics takeover