Region – Page 213
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News
TPP trade deal signing welcomed by UPS
UPS has welcomed the eventual signing of the Trans-Pacific Partnership (TPP) free trade agreement but commentators have warned that there are years of negotiations ahead.Earlier today 12 nations - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam – signed up to the TPP ...
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RiverOak applies for Manston airport reopening
US hedge fund RiverOak has made a pre-application inquiry to UK planning inspectors for a Development Consent Order (DCO) to reopen Manston airport in the south-east of the country, primarily as a freight gateway.The UK's Planning inspectorate confirmed that it had received a pre-application inquiry from RiverOak in early January. ...
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Panalpina launches research into 3D printing and the supply chain
Logistics giant Panalpina and Cardiff Business School at Cardiff University are expanding their research partnership to include new manufacturing technologies such as 3D printing.The aim is to help Panalpina’s customers identify the right products that could be switched from traditional to new, ‘additive manufacturing’ techniques which include 3D printing.The use ...
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Hong Kong's Hactl links up with local inland terminal operator
Hong Kong-based airport ground handling group Hactl is developing logistics links around the world’s number one airfreight hub after signing a memorandam of understanding (MoU) with Chu Kong Shipping Enterprises (CKS), a local ferry and inland terminal operator.Hactl Development Holdings Ltd (HDHL) – the business development arm of the Hactl ...
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Aramex 2015 revenues up but net profits dip due to staff incentive scheme
Dubai-based logistics operator Aramex saw its 2015 full Year revenues increase by 5% to AED3.8bn, while annual net profits fell by 2% to AED311m, due partly to a company incentive scheme to retain talented staff.Exposure to major currency fluctuations, primarily the Euro, South African Rand and Australian Dollar, had a ...
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Air China Cargo to launch cold chain product this year
Air China Cargo has revealed plans to launch a cold chain product this year and is leasing ULDs from Envirotainer to support its expansion in the temperature controlled market.The fast-growing Asian airline plans to roll out a cold chain product this spring with further network expansion planned in 2016 based ...
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FedEx takeover of TNT edges forward
FedEx’s takeover of TNT has taken another step forward after Brazil’s competition authority gave its go-ahead to the acquisition.The US parcel giant said Brazil’s Conselho Administrativo de Defesa Econômica had yesterday unconditionally approved its intended acquisition of TNT Express.“We are very pleased with the unconditional approval from the Brazilian regulatory ...
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News2015: a year of marginal growth for air cargo
Last year can be summarised as a period of marginal growth for air cargo demand, despite the strong first quarter, according to one analyst.In its monthly market update, analyst WorldACD said that volume increased by a “meagre” 2% during the full year despite starting the year strongly because of strike ...
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Fiji Airways renews ULD contract with CHEP
Fiji Airways has renewed its ULD management contract with CHEP Aerospace Solutions as it looks to increase its use of lightweight containers.As part of the new contract, CHEP will introduce new lightweight containers from its 80,000 pool of assets to support Fiji Airways in reducing fuel costs and lowering their ...
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Dubai International sees 3.4% rise in 2015 cargo volumes
Dubai International Airport (DXB) handled 2,506,092 tonnes of airfreight in 2015, a 3.4% increase on the previous year despite the transfer of all pure cargo operators to Dubai World Central.Monthly freight volumes in December totalled 218,408, up 5% compared to 207,618 recorded during the same month in 2014.The UAE airport ...
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News
ST Aerospace completes 55% ownership of EFW freighter conversion specialist
Singapore Technologies Aerospace (ST Aerospace) has taken an additional 20% equity interest in Elbe Flugzeugwerke (EFW), the Germany-based passenger to freighter (P2F) conversion arm of plane maker Airbus.The investment, first announced in June 2015, was completed following the receipt of regulatory approvals and "fulfilment of customary conditions precedent".Dresden-based EFW now ...
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Aircraft orders monthly: Iran Air and Gulf Air with busy start to the year
Agreements for 118 new aircraft for Iran AirIran Air has signed an agreement with Airbus for the acquisition of the full range of new Airbus airliners (73 widebodies and 45 single aisle).This includes pilot and maintenance training and support services to help the entry into service and efficient operations of ...
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Next steps for Cargolux China
European all-cargo carrier Cargolux has moved on to the next stage of launching Cargolux China, a Zhengzhou-based freighter airline which looks set for take-off by the first quarter of 2017.The Luxembourg-based carrier’s president and chief executive, Dirk Reich, said that the next few weeks will involve garnering approval from the ...
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Dragonair rebrands, while Cathay alters expansion plans and suffers delivery delays
The Cathay Pacific Group has announced it will rebrand its Dragonair airline, while reports circulate that the delivery of its new A350s will be delayed and it is scaling back expansion plans.This morning, the Hong Kong-headquartered company announced that it would rebrand Dragonair as Cathay Dragon.“By more closely aligning the ...
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JAL temperature controlled services boost Q3 air cargo demand
Japanese airline JAL saw an increase in air cargo volumes during the first three quarters of its fiscal year, but this was not enough to stop revenues declining.JAL recorded a 4.3% year-on-year drop in cargo revenues during the April-December period to ¥60.4bn with the Japanese company blaming declines in fuel ...
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Iran Air steps up to the world stage with order for 118 aircraft
Iran Air confirmed an agreement with Airbus for the acquisition of 118 new airliners (73 widebodies and 45 single aisle).The agreement for 118 new aircraft, signed by Farhad Parvaresh, Iran Air chairman and chief executive, includes 21 A320ceo family, 24 A320neo family, 27 A330ceo family, 18 A330neo (-900), 16 A350-1000 ...
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FedEx opens Nordic Gateway in Copenhagen
FedEx Express has opened officially its new Nordic Gateway facility at Copenhagen Airport in Denmark, a facility that will serve as a gateway for inbound and outbound shipments for Denmark, Finland, Norway and Sweden.The 8,000 sq m facility can sort 3,300 packages per hour, process 18 weekly FedEx Express flights, ...
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Antonov denies liquidation reports
Antonov has denied reports that the company has been liquidated, pointing out that the manufacturer has actually been transferred to a different state concern.Several media reports have carried stories on the demise on the iconic aircraft manufacturer over the last few days.In response, the company said it had transferred the ...
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Qatar Marches on with freighter routes to Budapest, Prague and Ho Chi Minh
Qatar Airways Cargo will launch A330F freighter routes to Budapest, Prague and Ho Chi Minh in March, filling a “definite gap in the market” and increasing the Middle East airline’s freighter destinations in Europe to 14 and in Asia/Pacific to six.An Airbus freighter will fly twice a week from Qatar ...
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Air cargo industry set to benefit from easing of Iranian sanctions
The logistics industry stands to benefit from the removal of Iranian sanctions but uncertainties remain “substantial”, according to one logistics consultant.In a research note, Transport Intelligence practice leader Thomas Cullen said that the removal of certain aspects of the Iranian sanction regime had “triggered a flood of business, much of ...