Hanwha Ocean Receives Class Approval for Eco-Friendly Vessel Technology
South Korean shipbuilder Hanwha Ocean has obtained certifications from classification societies Norway’s DNV and the American Bureau of Shipping (ABS), for its eco-friendly vessel technology. The certifications were announced during the Gastech 2023 exhibition held in Singapore from September 5-8. DNV awarded Hanwha Ocean an Approval in Principle (AiP) for its innovative 70,000 cubic meter […]
Turgut Erkeskin appointed new FIATA President
Turgut Erkeskin, CEO of Genel Transport in Turkey, was recently appointed President of FIATA. The Apollo HQ would like to congratulate him on this huge achievement and is proud to have Genel Transport as a member of our network in three different locations.
Norway’s Wealth Fund Rewards Two Companies for Cleaning Up Their Act on Ship Breaking
Norway’s $1.3 trillion wealth fund announced on Tuesday that it has lifted the exclusion of Thoresen Thai Agencies and ended its observation of Hyundai Glovis after both companies ceased the practice of sending old ships to be dismantled on South Asian beaches. Thoresen Thai Agencies had been excluded from the fund since 2018 due to […]
Controversy grows over China’s BRI investment in Pakistan
China has allegedly rejected a Belt and Road investment plan proposed by Pakistan. The proposal targeted adding more components to the China-Pakistan Economic Corridor (CPEC) project. The Pakistani Ministry of Planning Development & Special Activities denied the rejection and responded that “these claims are factually incorrect and misleading”. China turned down Pakistan’s suggestions to add […]
Air Cargo Demand up 1.5% in August, First Annual Growth Since February 2022
The International Air Transport Association (IATA) released data for August 2023 global air cargo markets, showing that year-on-year air cargo demand grew for the first time in 19 months. Global demand, measured in cargo tonne-kilometers (CTKs*), increased by 1.5% compared to August 2022 levels (2% for international operations). Capacity, measured in available cargo tonne-kilometers (ACTKs), […]
UK Freightliner unveils range of new intermodal services
Freightliner has stepped up its service portfolio by offering a game-changing twenty-five new services across England, Wales and Scotland. That’s a significant addition to the UK’s roster of around seven hundred daily freight trains. The raft of new services is understood to add to the company’s intermodal portfolio. Freightliner has taken the industry by surprise […]
Latest air travel outlook reveals 2024 to be a milestone for global passenger traffic
Airports Council International (ACI) World has today published its latest quarterly air travel outlook revealing global passenger traffic expected to recover in early 2024 as it reaches 9.4 billion passengers. Highlights from ACI World’s 14th Advisory Bulletin on the impact of COVID-19 on the airport business—and the path to recovery include: Global passenger volume in 2023 is expected […]
Five silk road connections added to fixed timetable
Five China-Europe rail connections have now been integrated into a fixed timetable by China Railways and will now be running on a weekly basis. Three of them concern westbound services, while the remaining two are for eastbound trains. The fixed timetable train service is currently capable of delivering goods between China and Europe in less than […]
Easyjet and Rolls-Royce Hydrogen Research Project sets new world industry first with key milestone success
Rolls-Royce, today announces a further key milestone, a world industry first, has been achieved in its hydrogen research project. Both Rolls-Royce and its partner easyJet are committed to being at the forefront of the development of hydrogen combustion engine technology capable of powering a range of aircraft, including those in the narrow-body market segment, from […]
Canada’s Mega Pipeline Promises to Redraw Global Oil Flows
Canada, home to the world’s third-largest crude deposits, is poised to reshuffle global oil flows next year. The nearly completed expansion of the Trans Mountain pipeline promises to vault Canada into a new role in global markets by transporting an additional 600,000 barrels a day — on par with the daily output of Azerbaijan — from the […]
