To Kick Off Farnborough Airshow DHL orders 14 B777Fs

Based on current list prices worth $4.7bn DHL orders 14 Boeing 777 Freighters with purchase rights for additional 7 freighters.

After this order DHL fleet of B777 will be double in size.

This order was announced at Farnborough International Airshow, is in response to increasing express demand & also to replace ageing aircrafts.

 Ken Allen, chief executive, DHL Express, said: “The acquisition of the 14 Boeing airplanes reflects a gradual replacement of our older intercontinental fleet.

"As the most fuel-efficient, most reliable freighter type with the best long-haul range, these aircraft will contribute to our emissions reduction targets and allow us to serve even more markets with non-stop flights.

"DHL was an early adopter of this type of aircraft for the logistics industry and took delivery of the 3rd B777F produced by Boeing in 2009. With extensive experience operating this freighter type, it has proven to be superior in all aspects of operation making it a logical choice."

The 14 aircraft are capacity neutral, but operational wise offer "significant cost, efficiency and reliability benefits", DHL said.

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Get Spot market capacity on digital platform from Lufthansa cargo

The German cargo carrier has made an agreement with cargo.one for making booking online for its td.flash (express service) & td.pro (general service) in order to offer spot market capacity & provide digital facility to forwarders.

Lufthansa Cargo chairman Peter Gerber said: "Digitisation allows information to be distributed around the globe in fractions of a second.

"This has given rise to new expectations with which both carriers and freight forwarders are confronted. We are therefore now offering our customers the opportunity to exchange prices and capacities even faster and to book services even easier.

"Booking platforms such as cargo.one will in future support forwarders in meeting their customers' needs even better. This is the next logical step in the digitisation of our industry."

Cargo.one founder Oliver Neumann said: "Many solutions on the market promise digital bookability. The reality is that in most cases the rates offered do not give access to capacity.

"In particular at times of high demand, our solution offers airfreight forwarders a quick and easy access to capacities with immediate confirmation at live spot rates."

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New Freighter Service to Delhi by Korean Air

From July 17, Korean air is launching three times a week freighter service between Incheon & Delhi .

Currently Korean air is operating passenger aircraft from Incheon to Delhi & Mumbai three to five times weekly.

In a statement, Korean Air said: “The decision to introduce the cargo flight accompanies the South Korean government’s new diplomatic strategy to strengthen partnership with India, and rapid growth of the Indian market. Korean Air will operate its Boeing 777F freighter three times a week (Tuesday/Thursday/Saturday)."

The flight will depart at 11.10pm from Incheon & will have 1 stop at Hanoi while in returning from Delhi it will have 2 stops namely Vienna & Milan, respectively.

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Airfreight future figures published by FIS

Freight Investor Services (FIS), global leader in freight & commodity derivatives, has published airfreight future price curve, starting a new discussion in this $70bn market.

In order to hep buyers & sellers in ascertaining seasonal price increase & tackling capacity issues , a new risk management tool is been designed by FIS.

FIS along with index provider TAC index developed a robust tool for air freight market comprising 35% of total global trade . This launch just coincides with the recent freight surge in market this giving a valuable tool in hand of freight forwarders to ascertain future market & negotiate better rates in market.

Asset owner leasing planes to carriers can also streamline there income by using this tool & will be able to control risk in a more controlled manner. 

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Panalpina Opens new logistics centre at Singapore

Located on Pioneer view with an area of 3.5 football pitches Panalpina opens new logistics centre at Singapore.

The warehouse is constructed six floor measuring 25,800m2 of which major space is already rented out .

As per chief executive officer of Panalpina Singapore is very important location for Panalpina as 96 out of its 100 global customer are based out of Singapore.

The new facility can also be used for testing & using new technology including Internet of Things, augmented reality & various automation systems. It can also run 3D printers on behalf of customers which can promote distributed manufacturing in near future.

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