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China Eastern likely to get another CNY2 billion from Beijing
China Eastern Airlines is expected to receive a further CNY2 billion ($294 million) capital injection from the Chinese government to help the struggling carrier survive.
High growth forecast for China’s logistics industry
According to a new market research report from Reportlinker, the 3PL industry will boost the development of logistics in China, considering the constant expansion of foreign companies in China, the increasing demand for outsourcing, and government measures to stimulate the industry.
Foreign carriers dominant in Chinese air cargo market
China's air cargo industry has been growing steadily during the recent years, but the domestic carriers are still much weaker than foreign rivals and most of the market has been dominated by overseas companies. This was the view forwarded by experts attending the recently held 6th China Air Cargo Summit, according to Xinhua's report.
China's domestic air cargo market recovers in March
EXPERTS speaking at the recent 6th China Air Cargo Summit in Guangzhou said that the Chinese domestic air cargo market showed a slow recovery in March after three consecutive months of decline.
Tallink ships generate more losses
Tallink’s net loss grew to 323 million Estonian kroon (EUR 21 million) from the 111 million kroon in the previous period. Turnover declined by five per cent to 2.6 billion kroon.
Hong Kong demonstrates a capacity for change
Logistics is just one of the strengths that keeps Hong Kong at the center of many companies' strategies for China. That's good news for the former British protectorate because in recent years it has seen nearly 1 million manufacturing jobs move across the border into Mainland China. Its economy is now roughly 86% services, with logistics being one of its major industries and an area targeted for further development.
Private airlines in China face nationalization
Privately-owned Chinese airlines that sprouted up during an industry deregulation are now facing nationalization as they suffer a cash crunch and their state-owned counterparts got cash injections to weather the global economic downturn.
FedEx to cut fourteen aircraft from fleet
According to an April 13th SEC filing, FedEx will permanently remove from service ten Airbus A310-200 aircraft and four Boeing MD10-10 aircraft, along with certain excess aircraft engines.
Shanghai Airlines to launch Pudong to Hanoi service
SHANGHAI Airlines will start direct air services between Shanghai and Hanoi from March 27 using Boeing 727-800 planes, reports Logistics Week.
OOCL launches new weekly Baltic service
CHINESE shipping company OOCL has started a weekly service to the Baltic from the beginning of April.
Turkish Airlines (THY) reports $874 million 2008 profit
Turkish Airlines yesterday said it achieved a net profit of $874 million in 2008, which would represent a nearly fourfold increase from the $224 million reported in 2007, on increasing revenue and traffic.
Decrease in cargo volume in first months of Vuosaari Harbour
The grim economic news of recent months has overshadowed the first months of operations at the Vuosaari Harbour in the east of Helsinki.
China is to reduce tax to boost logistics development
THE Chinese State Council has approved a plan in principle to stimulate development of the logistics industry, Xinhua reported.
Cargo traffic via Finnish ports expected to fall by up to third
Already more than half of cargo-handling staff are subject to temporary lay-offs; Port of Hamina particularly badly hit
April 12-15, 2009 AsiaWorld-Expo, Hong Kong
It's only one month to the China Sourcing Fair: Electronics & Components! The show is held on April 12-15, 2009 at AsiaWorld-Expo, Hong Kong.
Customs and Border Guard share duties in pilot experiment at Nuijamaa frontier station
Customs officials to check passports, border guards to inspect cargoes
Shareholders approve China Eastern's billion dollar placement
SHANGHAI's China Eastern Airlines has won shareholder approval of aCNY 7 billion (US$1.02 billion) share sale to the central government
Cathay posts $1.1 billion 2008 loss, first annual deficit since 1998
Cathay Pacific Airways reported its first full-year net loss in a decade, posting a 2008 deficit of HK$8.56 billion ($1.1 billion), reversed from net income of HK$7.02 billion in 2007.
Qatar Airways set for major growth in 2009, adds Australian points
Qatar Airways has unveiled a major expansion of its network today at the ITB Berlin travel exhibition, which will see it add services to six more destinations this year - including two Australian cities and two points in Europe - and increase frequencies to other points.
China's logistics industry predicted to grow steadily in 2009
A RECENT study from the Centre for Forecasting Science of China Academy of Science predicted that China's logistics industry will grow steadily in 2009 despite the global downturn.
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Friday, September 21, 2018 5:33 PM