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LONDON's Drewry Container Rate Benchmark for eastbound transpacific shipping increased 8.9 per cent for the week ending May 2, the second week-to-week gain in the last three weeks, and the second since the beginning of the year. The benchmark was up week-to-week to May 1, but still down 10.8 per year on year when it reached US$2,189 per FEU. The Drewry i...
Logistics giant DHL has rolled out a key component of its multi-modal offering in China with the launch of daily continental rail services departing from Beijing and Shanghai to Russia and the Commonwealth of Independent States (CIS) and back, according to PRNewswire. The new end-to-end rail service links 14 cities in China with seven CIS countries and Ru...
AIR China is commencing service from Beijing to Milan on June 15, deploying Airbus A330 aircraft to meet growing demand. Flight numbers, CA949 and CA950, will be operated on Mondays, Wednesdays and Saturdays. Outbound flights will leave Beijing at 1330 hrs and arrive in Milan at 1900 hrs. Return flights will depart from Milan at 1330 hrs and arrive in Be...
THE airport's No 1 ground handler, Hong Kong Air Cargo Terminals Limited (Hactl) has announced that its throughput for April declined 9.3 per cent year on year to 225,791 tonnes, which represents a fall of 1.1 per cent to 876,136 tonnes from the first of the year. Exports fell 11.6 per cent in April to 122,123 tonnes and declined 4.1 per cent to 457,236...
NEW entrant to the tank container industry in Hong Kong, Fourcee Asia Pte Ltd, aims to break new ground. "The tank operating business is no different from any other business," managing director and Dutch national, Jaap Huigen tells HKSG Media in an interview at his Hong Kong office on 30 Robinson Road, Mid Levels. He argues that duplicating existing busin...
YUSEN Logistics, a subsidiary of Japanese giant NYK, has posted a net profit of US$44.16 million for fiscal 2010 ending March 31, representing a year-on-year increase of 134.4 per cent. Operating revenue increased 30.2 per cent to $1.96 billion on the back of "firm" demand for air and sea freight services, particularly, on overseas trade routes. Operating...
SINGAPORE's Neptune Orient Lines (NOL) container unit APL posted a 12 per cent year-on-year increase in volume, in the four weeks ending April 8, but also a two per cent decline in revenue per box. Volume during the period totalled 229,700 FEU while revenue was US$2,557 per FEU. NOL attributed the revenue decline to falling Asia-Europe rates and a changi...
KERRY Logistics is launching a global corporate re-branding to reflect the company's new identity of "openness, integrity, a deep-rooted culture and its commitment and aspiration to excellence," a company statement said. Kerry said the new look comes in a response to the changing operational environment in which the company now finds itself. "The re-b...
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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