Freight upswing for Hong Kong Airport

Hong Kong International Airport (HKIA) continued to see upswings in freight in August. Cargo throughput grew by 8.8 percent to 366,000 tonnes. Flight movements had a 4 percent increase to 33,700, achieving a new monthly high for the second month in a row.  The growth in cargo throughput was driven mainly by transshipments, which were up 22 percent from a year ago. During...

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FRENCH GIANT'S ANTIDOTE TO 2M ALLIANCE

French container-shipping giant CMA CGM has formed an alliance with China Shipping Container Lines and Middle East's United Arab Shipping Co to share vessels on some of the world's busiest trade routes. The new alliance, called Ocean Three, is expected to deploy about 150 ships that would move roughly 20 percent of all cargo between Asia and Europe and 13 percent and seven percent across the Pacific and Atlantic oceans, respectively, people involved in the deal said, reported The Wall Street...

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Air Freight Volumes Show Solid Gains

  Air freight volumes continue to show solid gains on a year ago, supported by economic improvements in some regions, says IATA in its latest quarterly cargo chartbook. But high jet fuel prices and overall weakness in yields have kept cargo financial performance from improving so far this year, adds IATA. “Emerging Asia trade volumes have rebounded...

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SriLankan Cargo moving towards the future with the adoption of e-air waybill system

Ushering a new era in Sri Lanka's airfreight industry, the national carrier's cargo arm, SriLankan Cargo signed e-AWB (air waybills) agreements with four of its top customers, September 10. At a time when the industry is increasingly adopting sustainable and cost-effective practices to enhance operational efficiency, International Air Transport Association (IATA) views this as the first step towards a paper-free air cargo, involving fewer stakeholders. The air waybill...

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