Projects & Heavy Lift

Entering week 4 of the war between the US/Israel and Iran, there are still no signs of an imminent ceasefire. While the operational impact on especially airfreight continues to minimise, it is clear that the effects are widespread and impactful. Much of the attention within the global transportation industry has, in the meantime, shifted to surging oil prices and the pain of same.

On 5 March 2026, we launched our second electric cross-border truck in Malaysia together with Danfoss Climate Solutions, marking a new milestone in our collaboration on low-emission transport between Malaysia and Singapore.

Following the military strike by the US-Israel on Iran, and Iran’s subsequent retaliation on targeted US bases in the Middle East, between 28 February and 1 March 2026, we wish to provide you with an update on the short-term impact on global transportation and logistics flows.