DSV Panalpina CEO: Q3 results beat odds during pandemic

DSV Panalpina

Third-party logistics giant DSV Panalpina (OTCMKTS: DSDVY) reported on Thursday a pretax operating profit of 2.7 billion Danish kroner (DKK) ($428 million) for the third quarter, up from DKK 1.78 billion ($280 million) for the same period last year and despite the supply chain disruptions caused by the coronavirus pandemic.

“Market conditions have been better than anticipated across most of our markets, and at the same time we benefit from efficient cost management,” said Jens Bjørn Andersen,...


Maersk Launceston master charged over collision with Greek minesweeper off Piraeus

Germany’s Essberger, the owners of 4,533 teu , have revealed that the master of the boxship has been charged in relation to Tuesday’s collision with a Greek navy minesweeper off Piraeus. The vessel is currently staying in the port of Pireaus as requested by authorities, and Esseberger said that...


GECAS to lease first 777-300 converted freighters to Kalitta Air

Kalitta Air

GECAS Cargo, a subsidiary of General Electric (NYSE: GE), said Kalitta Air will be the launch customer for its Boeing 777-300 converted freighter program.

Financial terms of the deal were not disclosed, but GECAS said the planes will be delivered to Kalitta in 2023.

The 777-300ERSF, called the “Big Twin,” will be the largest twin-engine aircraft conversion to cargo service and is viewed as an excellent replacement for the aging four-engine 747 freighters.

GECAS delivered its first 777 passenger...