Hong kong airport sees resurge in cargo vol for August

After dip in cargo traffic in July, Hong kong airport sees cargo traffic growth in August . As per Hong kong International Airport (HKIA) the airport saw 2.4% growth YOY in August to 431000 tonnes. HKIA said: “The airport saw strong 9% year-on-year growth in transhipments, which contributed the most to the increase in cargo throughput. “Amongst key trading regions,...

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For Pharma & Healthcare sector Singapore Airlines launches Thrucool product.

For high value, temperature control & time sensitive shipments Singapore Airlines (SIA) has introduced a Thrucool product specially for pharma & healthcare shipments. Thrucool offer variable cod chain services like cold room facilities, hermal blanket, covers for crucial isnulation & many more. SIA senior vice president cargo, Chin Yau Seng, in an...

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Etihad Cargo refreshes freighter network to focus more on core sectors

From Oct 1, Etihad Cargo will refresh its route network to focus more on core sectors & maximise freighter network. By deploying its 777 ferighter capacity , Middle East carrier Etihad Airways will connect its Abu Dhabi hub to Asia, Europe & US market. For some destinations flight frequency will be increased while for some network there will be weekly freighter...

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DHL launching new mobile app named Resilience360

For real time monitoring of shipments in supply chain market DHL is launching new app named as Resilience360. Tobias Larsson, Head of Resilience360, DHL , said: “In the increasingly connected world we live in, both people and goods are constantly on the move, making near real-time risk management imperative. “At the same time, supply chains have become incredibly complex. “However,...

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Spice Jet Entering Freight Business as It take Delivery of First Freighter

SpiceJet airlines is entering into freighter business as SpiceXpress with the delivery of first freighter . It is expected that Spice Jet will initially launch 2 B737-700 freighter & will start operations from Sep 18. Initially it will operate between Delhi & Bengaluru while spreading to Amritsar, Kabul & Hong kong. Many attempts have been made earlier...

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Considering Uncertainity Air China is set to offload Majority Stake In Cargo Arm

Air China is planning to sell its major stake to Capital Holding considering uncertainties in international trade. Capital Holding will own 51% stake of the airlines after $ 357m transaction is complete. The remaining 49% will be owned by Cathay pacific.  Capital Holding is a wholly-owned subsidiary of state-owned China National Aviation Holding Corporation (CNAHC),...

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Ethiopian airlines cargo volumes increases rapidly for fiscal yr 2017-18

With fleet expansion Ethiopian airlines is experiencing rapid increase in volumes close to 400,339 tonnes for last fiscal yr. with an approx increase of 18% YOY. Ethiopian airlines added 14 new aircraft to its fleet & routed to 8 new international destination namely Geneva, Chicago, Bahrain, Kaduna, Buenos Aires, Kisangani, Mbuji-Mayi & Nosy-Be.  The airlines...

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Increase in air freight rate in July despite market slowdown

Air freight rates are increasing since July this year irrespective of market slowdown. Generally with market slowdown the air freight rates also show decline but not this year as it seems that major cargo hubs are under pressure based on available cargo handling. As per below TAC index the prices on Hong Kong to North America increased by 16% in July. Similarly for...

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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,...

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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...

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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...

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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...

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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...

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US President Donald Trump puts 25% tariff on goods from China

800 products exported by China to US worth $34bn will be affected by increased tariff which will come into effect from 06/Jul/2018. As per White House more tariff will be imposed on products worth $16bn later after discussion. China retaliates saying that it will impose additional 25% tariff on US goods affecting 659 goods worth $50bn As per Mr. Trump tariffs are...

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DHL Global Forwarding planning to expand freighter service

With increasing demand DHL Global Forwarding is planning to expand its freighter services to meet customer expectation & demands. According to David Goldberg , Chief Executive, Global Forwarding , US , steady & predictable service along with steady rates to be provided to customer throughout the year. As per him last year there were many airlines who cancelled...

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