Logistics News

Panalpina strengthens air freight networkMay 16, 2011

Panalpina has strengthened its air freight network with a second direct weekly flight between Hong Kong and Huntsville, reported Tensid. Panalpina will launch its inaugural direct flight from Huntsville to Hong Kong today. According to the Huntsville Airport Authority, it will be the first ever direct service flight to Hong Kong out of Huntsville. "Th...

India's Pune airport closer to achieving international air cargo roleMay 16, 2011

INDIAN customs has given approval to a scheme in which the Airports Authority of India (AAI) will be given custodial rights and responsibilities over bonded cargo moving to and from Pune Airport, which serves the city of 3.4 million south east of Mumbai. Pune airport was designated a customs airport in 1997 for the export of perishable produce such as fl...

Air China, Cathay Pacific consolidate launch of Air China CargoMay 16, 2011

AIR China and Cathay Pacific Airways have consolidated their respective air freight businesses to launch the new Air China Cargo to be based in Shanghai. Air China will hold 51 per cent of the shares and Cathay Pacific will hold 25 per cent of the shares plus 24 per cent of economic interests in Air China Cargo, said a statement from Air China posted on P...

Emirates full-year profit increases 68pc to US$1.6 billionMay 16, 2011

DUBAI's Emirates Group posted a 68 per cent full year net profit increase for a record AED5.9 billion (US$1.6 billion) drawn on revenues of AED57.4 billion, up 26.4 per cent. Emirates SkyCargo saw a strong increase in revenue, up 27.6 per cent to a record AED8.8 billion thanks to a worldwide rebound in cargo traffic. Over all cargo revenue, including pa...

Air NZ to court: Overseas deals are beyond New Zealand jurisdictionMay 16, 2011

AIR NEW ZEALAND told the High Court in Auckland that it cannot be prosecuted in New Zealand for alleged price fixing on inbound cargo because the market exists in another country, reported the New Zealand Press Association. Air New Zealand lawyer Alan Galbraith, QC, said the law suggested that if a cargo flight to New Zealand began in Hong Kong, the mark...

Cathay cargo volume declines 8.4pc to 139,944 tonnes in AprilMay 16, 2011

HONG KONG'S Cathay Pacific Airways, together with its sister airline Dragonair, posted an 8.4 per cent decline in April cargo and mail volume to 139,944 tonnes year on year, which was attributed to a general weakening in market demand. The two airlines cargo load factor was down 11 percentage points to 68.3 per cent. Capacity, measured in available cargo...

Vanguard moves Shanghai warehouse to larger premisesMay 16, 2011

VANGUARD Logistics Services has relocated its Shanghai warehouse to a larger facility in a move driven by growing customer demand. The upgraded warehouse is equipped to handle diverse cargo types varying in size and security requirements. "Our customer base in China continues to grow and Vanguard must expand its facilities in order to meet and exceed the ...

Danaos takes delivery and charters out 10,100-TEU Hanjin GreeceMay 16, 2011

DANAOS Corporation has taken delivery of one more newly built containership, the 10,100-TEU Hanjin Greece, which expands its operational fleet to 55 vessels aggregating 257,029 TEU. Built at Hyundai Samho Heavy Industries the Hanjin Greece is 349 metres long, 45.6 metres wide and has a speed of 25.50 knots. The Hanjin Greece has commenced its 12-year ...

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