Logistics News

Third Hong Kong runway needed, says Cathay's new chief executiveJun 3, 2011

CATHAY Pacific says a third runway at Hong Kong International Airport (HKIA) would be important not only for the carrier and the aviation industry, but also for the long-term stability of the Hong Kong economy. Speaking in Australia, Cathay's new chief executive John Slosar told a National Aviation Press Club luncheon in Sydney that Hong Kong's airport ...

Damco unveils packaging optimisation to cut supply chain costsJun 3, 2011

DAMCO has started offering a packaging optimisation service for cargo shipments, which it says could save customers 10-20 per cent of the total supply chain cost. "In most companies packaging remains a stepchild even though the potential for cost savings is massive," said Erling Johns Nielsen, global head of supply chain development. "Very few companies f...

DP World delighted to be listed on London Stock ExchangeJun 3, 2011

DP WORLD Limited announced it has been listed on the main board of the London Stock Exchange in addition to its listing on Nasdaq Dubai. DP World chairman Ahmed Bin Sulayem said this "marks another milestone in our history as DP World becomes the first Dubai Company to obtain a premium listing on the London Stock Exchange. This is a very proud day for the...

Drewry: Box shortage to ease this year after last year's droughtJun 3, 2011

IT is forecast that the supply of container shipping boxes will not be in such short supply this year as last year. According to a Drewry Supply Chain Advisors the manufacture of containers recommenced in 2010, but it "has not yet been sufficient to bring worldwide availability to the required ratio of 1.9 containers per slot." It also said in its Logi...

US west coast imports up 5pc, but exports lead growth with 8pc riseJun 3, 2011

US west coast container throughput increased seven per cent in April year on year with export growth surpassing that of imports, according to the Pacific Maritime Association (PMA) data. The PMA said the volume of export containers out of Washington, Oregon and California increased eight per cent in April year on year while import box growth lagged at fiv...

Manila's ICTSI to acquire Singapore's Portek InternationalJun 3, 2011

ICTSI Far East Pte, an indirect wholly-owned subsidiary of Manila's, International Container Terminal Services Inc (ICTSI), has made an undisclosed voluntary conditional cash offer for all issued and paid-up ordinary shares in Singapore's Portek International Limited. Portek is a turnkey port services and solutions provider as well as an operator of con...

FCT five-month boxes volume grows 6.6% to 484,671 TEUsJun 2, 2011

Container traffic at First Container Terminal (FCT, St. Petersburg) in January-May 2011 increased by 6.6% compared to the first 5 months of 2010, to 484,671 twenty-foot equivalent units, the stevedoring company statistics said. In the reporting period FCT handled 304 container ships. The first specialized terminal was commissioned at Leningrad Seaport in...

JetBlue opens Long Beach-Anchorage routeJun 2, 2011

US carrier JetBlue Airways is offering a new route between Long Beach, California and Anchorage, Alaska. This follows in the wake of agreements with both Lynden International, a freight forwarding and logistics firm, and Northern Air Cargo, reports Air Cargo Asia Pacific. It said Anchorage is the US carrier's 33rd cargo handling port, according to Edw...

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

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