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ASIA Airfreight Terminal (AAT), Hong Kong's No 2 ground handler, cargo volume increased 26 per cent to 64,877 tonnes in October year on year, said a company announcement. Exports were up 30 per cent to 46,950 tonnes year on year. Imports rose 16 per cent to 17,480 tonnes and transshipments increased 25 per cent to 477 tonnes. Cumulative export tonn...
ELEVEN airlines were stung with EUR800 million (US$1.1 billion) by the European Commission for participating in a global air cargo cartel, with Air France-KLM and Singapore Airlines vowing to appeal. Air New Zealand announced that the EU price fixing charges had been dropped by the European Commission, Reuters reported. "This brings closure to one more ...
SINGAPORE Airlines (SIA) have decided to ground its three Airbus A380s after finding oil stains and had decided to change the Rolls-Royce engines for new ones. SIA's decision of suspending the flights of its A380 fleet followed Australia-based Qantas' same decision the previous week, reports Reuters. Qantas suspended the flights of its six A380 fl...
AGILITY and Linfox Logistics have formed an alliance to offer logistics solutions for major oil, gas and mining projects in Australia. Agility's Australasian and north Asian CEO Mick Turnbull said: "The two companies will leverage their combined expertise to provide supply chain solutions to major projects in the oil, gas and mining sectors. We look fo...
British Airways, Air France-KLM and 11 other carriers are expected to be fined a total of about US$1.1 billion by EU anti-trust regulators for fixing cargo prices, reported The Independent. The European Commission charged the carriers in December 2007 with participating in an air freight cartel, following raids on both sides of the Atlantic a year earli...
Freight traffic is looking ahead to a contraction or a minor increase, said Korean Air. Korean Air's freight performance for October was 114,000 tonnes, which is five percent higher than October last year. However, projections for November freight traffic is set at 69,000 tonnes, which will be 7.8 percent lower than last year, reported Maeil Business. ...
Logwin, which provides air and ocean freight and logistics services, has opened a new office in Perth. "The location of our new facility close to Perth International Airport enables us to deliver a wide range of timely value-added freight and logistics solutions," said Thomas Kilian, country director, Logwin air and ocean, Australia. Perth is a gate...
Logistics company CWT reported a nine per cent drop in third-quarter net profit to US4.9 million, from $5.36 million a year earlier, despite revenue surging 23 per cent, reported Business Times Singapore. "The increase in revenue from rising freight rates since the second half of 2009 was negated by rising freight costs," mainboard-listed CWT said. ...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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