Asia – Page 25
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CEVA launches Southeast Asia rail-truck service as alternative to air
Logistics firm CEVA has launched a truck-rail-truck operation between China and Southeast Asia in response to airfreight capacity shortages in the region.CEVA said China and the Southeast Asia region are facing flight suspensions and reductions, space limits and operational restrictions in addition to long waits at border crossings due to ...
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Shanghai Pudong backlogs expected to continue over coming weeks
Backlogs of cargo of Shanghai Pudong airport are expected to continue until at least mid- to late-May as demand for personal protective equipment (PPE) continues to surge.The airport has been snarled up for weeks as a result of a surge in PPE demand, which is causing heavy congestion on feeder ...
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AAPA: Competition and trade disputes impacted region's 2019 performance
The Association of Asia Pacific Airlines (AAPA) has revealed in its preliminary financial performance figures that airlines based in the region recorded $3.8bn in combined net earnings in 2019, a 25% decline compared with the $5.1bn achieved in 2018.The AAPA said that Asia Pacific based airlines' profitability was impacted by ...
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SkyCell set to expand in the US and Asia following investment
Pharma container firm SkyCell has raised $62m in growth funding round that will be used to expand its presence in Asia and the US.The investment was led by MVM Partners together with a consortium of family offices and a leading Swiss insurance company.Existing investors including the Swiss Entrepreneurs Fund managed ...
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Air cargo rates from Hong Kong surge
Airfreight rates out of China continued to climb last week, while prices from Hong Kong were also on the up as shippers looked to tranship through the world's largest air cargo hub.The latest figures from TAC Index show that last week average air cargo rates from Shanghai to North America ...
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SpiceJet operates its first China freighter flight
SpiceJet has operated its first-ever B737 freighter flight to China carrying Covid-19 related essential medical supplies from Shanghai to Hyderabad.The airline said the flight, which took place on April 15, was part of efforts to mitigate the shortage and supply disruption of essential supplies and medical equipment.SpiceJet has transported more ...
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NewsAAPA: Global airfreight demand "holding up relatively well"
Copyright: ShutterstockThe Association of Asia Pacific Airlines (AAPA) has revealed that global demand for air cargo declined by 19% in March 2020 compared with the same month last year. However, it said that demand is holding up "relatively well, despite economic disruption in many economies following measures aimed at slowing ...
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SpiceJet ramps up cargo operation following coronavirus outbreak
On April 7, India-based SpiceJet operated the country’s first cargo-only passenger aircraft flight carrying vital medical supplies in the cabin. Since then, the airline has regularly used its Boeing 737 aircraft for cargo-only flights.SpiceJet has also recently operated special cargo flights to Abu Dhabi, Kuwait and other countries, to export ...
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Hong Kong logistics groups ask for rent relief
Ten Hong Kong freight and logistics organisations have issued an appeal to landlords to provide the industry with rental relief in light of the enormous negative impact of the Covid-19 outbreak on the industry.The organisations argue that the freight and logistics industry is being hit hard by the ongoing Covid-19 ...
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NewsLufthansa strips out seats to create extra cargo space
Lufthansa will take out the seats from several of its aircraft as it looks to create space to carry extra cargo.The move is part of wider efforts to expand cargo capacity through the addition of extra services to meet a capacity crunch.The airline said that in co-operation with sister company ...
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Forwarder turns to road for China-Europe shipments
Freight forwarder InstaFreight claims that road freight services between China and Europe are now offering similar transit times to air cargo operations.InstaFreight said it had added an overland road option to complement its air and sea freight services in light of the high cost and delays out of China.The company ...
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NewsMASKargo flies intubation boxes for charity project
MASkargo has transported a number of intubation boxes for government hospitals in Malaysia dealing with Covid-19 patients.The shipment is the result of an initiative called The Acrylic Intubation Box Charity Project by a group of Anaesthetist doctors at the KPJ Rawang Specialist Hospital.The boxes for Johor, Sabah and Sarawak were ...
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Kerry Logistics reports rise in revenues and profits in 2019
Kerry Logistics Network last year saw revenues and profits increase last year, with its logistics and forwarding businesses performing well.The company last year saw revenues increase by 8% year on year to HK$41.3bn, while core operating profit was up 17% to HK$2.8bn and core net profit improved 4% to HK$1.4bn.The ...
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NewsHactl completes the treble with live animal certification
Cargo handler Hong Kong Air Cargo Terminals Limited (Hactl) has achieved certification under IATA CEIV Live Animals, becoming one of the first companies to have achieved all three CEIV standards.In preparation for auditing, Hactl’s quality assurance auditors and trainers attended IATA’s 3-day “Live Animals Cargo Logistics Management” course.Hactl also modified ...
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Air cargo demand, yields and revenue fall in the first two months of 2020
Worldwide air cargo demand fell 3% year-over-year (YoY) in the first two months of 2020, a larger decrease than the provisional estimated fall of 2.7%.Netherlands-based analyst WorldACD added that a yield decrease of around 5% YoY in January/February meant that airlines lost 8% of revenues compared to the start of ...
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BUD welcomes Suparna freighter with medical supplies from China
A Boeing 747F charter flight by Chinese carrier Suparna Airlines transported nearly 70 tons of protective medical equipment from China to Budapest airport (BUD) in Hungary.The shipment included more than 3m face masks, 100 000 coronavirus tests and 86 medical ventilators from China.The aircraft was welcomed on arrival by Hungarian ...
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NewsASL Airlines in medical supplies airlift from China to Belgium
ASL Airlines Belgium is operating 10 B747 freighter flights each week between Liege airport in Belgium and China.Initially, these flights carried medical supplies from Europe to China as the Covid-19 crisis was building there.Now, the flights are transporting supplies such as facemasks to Belgium from China. In the last week ...
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European pharma sector calls on the EU to keep medicine supply chains flowing
Medicines for Europe (MfE) has called on the European Union (EU) to keep international borders open and to secure trade flows for medicines and key ingredients for their manufacture in India, the US and China.The pharma sector representative body states in a letter to the European Commission: “Our industry also ...
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Beijing moves to beef up air cargo capacity
Beijing will take steps to bolster domestic and international air cargo capacity amid the global coronavirus pandemic, including support for air freight companies and logistics firms.The official China Daily newspaper quotes premier Li Keqiaing as stating that the massive reduction in global air traffic has created issues for supply chains ...
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NewsEthiopian Cargo in medical supplies freighter flight
Ethiopian Cargo and Logistics Services has transported emergency medical supplies from Jack Ma, the founder of China’s e-commerce giant Alibaba, to support the fight against COVID-19.A freighter flight carrying 108 tons of test kits and other healthcare products took off from Guangzhou in China and arrived at Addis Ababa Bole ...