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Singapore Airlines is cutting 214 flights, reducing capacity from its network due to weak passenger demand, a move that will affect belly space capacity on one of Asia's biggest cargo carriers. The 214 flights represent about 3 percent of Singapore Airlines’ flights. International news outlets reported the move Friday as Singapore anno...
One of the banks involved in the sale of the ocean carrier Hapag-Lloyd has backed out of financing the deal, according to a report Thursday in Lloyd's List. The Royal Bank of Scotland, one of a clutch of banks involved in the sale of Hapag-Lloyd to a consortium of Hamburg businessman -- including Kuehne + Nagel Chairman Klaus-Michael Kühne -- ...
Solidarność unionists from PKP Przewozy Regionalne in the Polish city of Łódź announced a strike, which would paralyze rail traffic in the region, Railway Market reports. A form and an exact date of this protest will be agreed between 20 and 21 of January in Warsaw. Unionists worry, that there will be lay-offs among railway workers....
CTL Logistics, the largest Polish independent rail freight operator, has revealed its strategy to compensate for the significant fall in demand for freight services from chemical producers in Poland, which began to be felt in the last half of 2008, Puls Biznesu informs. CTL plans to triple its fuel transport volume in 2009, from 1.1 million tonnes in 2...
INDIA's increasing international trade combined with the strong domestic economy is continuing to drive demand for air cargo and logistics, reports India's Webnewswire.com. All major international cargo operators are reporting strong growth in the Indian market as new dedicated cargo airlines are being launched, said the report. Massive i...
AIR China is preparing to take full control of air freight subsidiary Air China Cargo Co Ltd by purchasing the remaining 24 per cent equity interest held by Capital Airports Holding Company. Air China present has a 76 per cent stake in Air China Cargo. Capital Airports Holding is expected to transfer the remaining 24 per cent stake in the air fr...
CATHAY Pacific and Dragonair carried a total of 115,232 tonnes of cargo and mail in December, down 23.9 per cent year on year, but only fell by 1.6 per cent throughout 2008, said a company statement. There was no sign of any pre-Christmas rush in 2008 and weak demand globally led to tonnage falling faster than we could cut capacity, said Cathay ...
LUFTHANSA Cargo, Germany's heavyweight air-cargo carrier, blamed a steep 21.4 per cent decline in December volumes on the global downturn worsened by the normal slack season, plus German plant closures and a failing automotive sector. Lufthansa Cargo's December airfreight dropped six per cent, or by 1.696 million tonnes to 114,000 tonnes. Rivals...
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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