Logistics News

Boeing to talk cargo, bio-fuels at HK's Asian Aerospace meetMar 4, 2011

BOEING representatives will speak at Hong Kong's Asian Aerospace 2011 from March 8-10 at the AsiaWorld-Expo, addressing such topics as air cargo growth and bio-fuels and their impact on civil aviation. Boeing representatives will also provide updates on their single- and twin-aisle aircraft programmes, 20-year market projections and an air cargo market ...

Fujian to invest US$12.3 billion in transport infrastructureMar 4, 2011

THE southern coastal province of Fujian plans to invest US$12.3 billion in transport infrastructure construction, a 20 per cent increase over what was spent in 2010, reports Xinhua. The province will invest $1.38 billion in shipping programmes to increase its port capacity 16 million tonnes and upgrade shipping lane 35 kilometres, as well as earmarking $...

Maersk's 21-ship Asia-North Europe butterfly loop to split upMar 4, 2011

A MOVE to shake up Maersk Line's Asia-North Europe network will split a butterfly service, enabling the AE10 to break away from the AE1 loop to become an independent service from April 7. ComPair Data reports that the rotation for the existing butterfly service is Hakata, Kobe, Nagoya, Yokohama, Hong Kong, Shenzhen-Yantian, Tanjung Pelepas, Felixstowe, R...

Drewry spot rate suffers 3rd week of decline for HK-LA box shipmentMar 4, 2011

SPOT rates on main transpacific routes showed yet another decline for a third week running - 37.2 per cent off last August's peak season high, according to London's Drewry Shipping Consultants. The Drewry report showed non-vessel-operating common carriers (NVOCC) paying US$1,781 per FEU from Hong Kong to Los Angeles for the week ending February 28, rend...

Mexicana’s planned return suffers setbackMar 3, 2011

The planned return to the air of carrier Mexicana de Aviacion suffered another setback when the private equity group that had secured agreements for a restructuring failed to come up with the capital to buy the shares from the current owners, reported Dow Jones Newswires. PC Capital said that the transfer of funds to buy Mexicana's holding company Nuevo ...

Texas-based Con-way Freight staff help foil bomb plotMar 3, 2011

THE alert staff of Con-way Freight at its Lubbock, Texas, service centre recently spotted a suspicious package and notified authorities, thus thwarting a bomb attack against reservoirs and dams, nuclear power plants and the home of former US president, George W Bush. "The shipment matched profiles in our security protocols for identifying shipments of a s...

IATA, FIATA split as antitrust probes strain relationshipMar 3, 2011

THE International Federation of Freight Forwarders Associations (FIATA) and the International Air Transport Association (IATA) have said they have "amicably agreed to separate training to further shared objectives of providing increased industry solutions to international air cargo". A deluge of antitrust prosecutions against airlines and forwarders has ...

Asia Pacific airlines see January freight demand grow 6.5pcMar 3, 2011

THE Association of Asia Pacific Airlines (AAPA) has announced that its traffic figures show international air cargo demand measured in freight tonne kilometres (FTK) rose by 6.5 per cent in January 2011, compared to the same month last year, to 4.9 billion. Offered freight capacity increased by 9.3 per cent during the reporting period to 7.5 billion avail...

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Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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