Logistics News

Aviation industry players boost third Hong Kong runway planJun 8, 2011

AVIATION industry notables have become increasingly vocal in their support of a third runway and a new terminal at Hong Kong airport. The news comes with the recent release of the Hong Kong Airport Master Plan 2030 that focuses on the building a third runway and the building of a HK$86.2 billion (US$11.08 billion) terminal. Even the International Air T...

Carrier profit forecast cut, but Asia Pacific still leads in profitabi...Jun 8, 2011

THE International Air Transport Association (IATA) predicts the world's major airlines will earn four and a half times less this year than they did last in net profit which is expected to hit US$4 billion against the $18 billion made last year, reports London's Financial Times. But IATA also said the most profitable region would the Asia Pacific, with $...

ESC opts out of Global Shippers Forum as it seeks NGO statusJun 8, 2011

THE European Shippers' Council has decided not to join the reconstituted Global Shippers Forum (GSF), after it announced earlier that it is taking measures to become a non-governmental organisation (NGO) that could represent shippers at organisations such as the United Nation's International Maritime Organisation. Nicolette van der Jagt, secretary gene...

More boxes come from lessors than ever, leasing rates expected to incr...Jun 8, 2011

MOST containers made last year were bought by leasing companies, which are expected to account for as many sales this year, according to the Institute of International Container Lessors (IICL). Carriers have usually get half of their containers through purchase from box makers, but sourced more from lessors last year. Bloomberg's US Container Leasing ...

World Bank seeks CO2 jet fuel, bunker tax, EU to tax in 2012, IATA cri...Jun 8, 2011

THE World Bank plans to press for a global tax on jet fuel and bunker at the G20 summit in October to raise money to fight alleged global warming, the extend and existence of which is subject to increasing doubt. So much so that it looks unlikely that the once binding measures of the Kyoto Protocol cap are unlikely to be renewed when they expire next year...

India considers armed guards on merchant shipsJun 7, 2011

The Indian government is considering to allow armed guards on merchant ships to deter pirates, especially those from Somalia sailing closer to Indian waters, Seatrade Asia online reports. The ministry of shipping is discussing internally and across other ministries such as home affairs and defence before making a final decision, which is expected to come in...

Japanese ship orders up 9.4 percent in AprilJun 7, 2011

Japanese export ship orders rose for the 17th consecutive month in April year-over-year, increasing 9.4 percent to 912,142 gross tons, according to figures released by the Japan Ship Exporters’ Association (JSEA), Journal of Commerce reports.But the year-over-year pace of growth slowed for three months in a row, posting 218.5 percent in January, to 35...

Line faces sanctions over arms transportJun 7, 2011

Leading US congressmen are urging the US Treasury Department to consider sanctions against the world's third-largest container shipping company - France's CMA CGM - for possible violations of sanctions on Iran that entail significant instances of weapons smuggling, according to letters obtained by The Jerusalem Post. In March, the CMA CGM-operated conta...

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