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HONG KONG's Kerry Logistics has signed a deal with government of Fuzhou, capital of coastal Fujian province, to build a distribution and warehousing centre for cargo flown between mainland and Taiwan, Xinhua reports. Kerry Logistics plans to buy 10 hectares' land for the facility, and invest a total of US$30.5 million on it in several development phase...
Cosco Shipping, a subsidiary of China's largest shipping firm, China Ocean Shipping (Group) Co, announced yesterday that its net profit soared 150.89 percent year on year to US$52 million in 2010. In 2010, Cosco Shipping realized $675 million in operating revenue, 12.95 percent more than in the previous year, the company said in a statement. The comp...
The Thai Cabinet has approved a plan by Thai Airways to procure 75 aircraft by 2022, Transport Minister Sophon Zaram said today. He told Dow Jones that the Cabinet set a budget for the procurement at US$15.25 billion. Under the plan, 37 aircraft will be procured between this year and 2017, with 38 to be procured during the remaining period, he said. T...
VIETNAM's air cargo carrier and shipping service provider Trai Thien appears to have gone out of business since making its debut in October 2009, as the office of the group's president in Ho Chi Minh City is closed, its ships are idle, there's been no aircraft movement and staff salaries have not been paid for five months, reports Vietnam Express/Vietnam...
NEW ZEALAND's prosecuting Commerce Commission has dropped its case against PT Garuda Indonesia and six Air New Zealand executives ahead of the first hearing of the air cargo cartel case next month. "Discontinuing against these parties is part of the commission's overall strategy to streamline and focus the case on those airlines with large turnover in N...
KUEHNE + NAGEL China has announced the commissioning of an in-house quality control centre in Shanghai to service the city. The multi-purpose premises are located in the logistics company's container freight station (CFS), close to Shanghai's city centre and Waigaoqiao port. The quality control centre is specially designed to cater to outsourced qual...
SINGAPORE's CWT Globelink has announced the opening of two offices in Central America - Globelink Aeroceano Costa Rica and Globelink Aeroceano Guatemala - marking its first foray into Latin American. Globelink Aeroceano will be led by managing director Francisco Cordero, who has more than 15 years of experience in forwarding and an deep knowledge of Cent...
JAPANESE electronics giant Sony is considering a longer summer shutdown to save energy in the current crisis in the aftermath of natural disasters that took the lives of 27,000 over the last month. Sony said it will likely extend leave over the peak energy summer months and is considering having workers turn up early to maximise daylight use, reports Lond...
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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