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News

5/14/2009 China Eastern likely to get another CNY2 billion from Beijing

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.

5/10/2009 High growth forecast for China’s logistics industry

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.

5/5/2009 Foreign carriers dominant in Chinese air cargo market

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.

4/29/2009 China's domestic air cargo market recovers in March

China 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.

4/20/2009 Tallink ships generate more losses

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.

4/16/2009 FedEx to cut fourteen aircraft from fleet

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.

4/15/2009 Hong Kong demonstrates a capacity for change

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.

4/16/2009 Private airlines in China face nationalization

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.

4/14/2009 OOCL launches new weekly Baltic service

CHINESE shipping company OOCL has started a weekly service to the Baltic from the beginning of April.

4/14/2009 Shanghai Airlines to launch Pudong to Hanoi service

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.

4/9/2009 Turkish Airlines (THY) reports $874 million 2008 profit

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.

4/2/2009 Decrease in cargo volume in first months of Vuosaari Harbour

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.

3/30/2009 China is to reduce tax to boost logistics development

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.

3/26/2009 Cargo traffic via Finnish ports expected to fall by up to third

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

3/20/2009 April 12-15, 2009 AsiaWorld-Expo, Hong Kong

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.

3/18/2009 Customs and Border Guard share duties in pilot experiment at Nuijamaa frontier station

Customs and Border Guard share duties in pilot experiment at Nuijamaa frontier station Customs officials to check passports, border guards to inspect cargoes

3/16/2009 Shareholders approve China Eastern's billion dollar placement

Shareholders approve China Eastern SHANGHAI's China Eastern Airlines has won shareholder approval of aCNY 7 billion (US$1.02 billion) share sale to the central government

3/12/2009 Qatar Airways set for major growth in 2009, adds Australian points

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.

3/12/2009 Cathay posts $1.1 billion 2008 loss, first annual deficit since 1998

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.

3/10/2009 Hactl becomes world's first to obtain ISAGO registration

Hactl becomes world HONG KONG Air Cargo Terminals Limited (Hactl) has become the world's first air cargo terminal operator to obtain the IATA Safety Audit for Ground Operations (ISAGO) registration from the International Air Transport Association, a company statement announced.


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