Zest Air suspension lifted

LOW-COST carrier Zest Air’s suspension by the Civil Aviation Authority of the Philippines (CAAP) has been lifted on Tuesday. The civil aviation regulator lifted…

HKIA cargo traffic grows as Cathay Pacific tonnage slips

Hong Kong International Airport (HKIA) reported a 1.9 percent growth in cargo volume to 341,000 tonnes in July 2013 compared to the same month…

Survey: Global economy dims in Q2 but recovery possible

The world economy has weakened slightly this quarter, mainly due to declining optimism in Asia and Latin America, while North America shows signs of…

Hapag-Lloyd announces more rate hikes for Asia services

Germany’s Hapag-Lloyd will  impose more freight rate hikes on Asia service routes beginning next month. A general rate increase (GRI) will be levied on…

Maersk Line collects $439 M in profit for Q2

Danish box carrier Maersk Line made a profit of US$439 million in the second quarter of the year against $227 million for the same…

Ocean carriers reverting to core port services

Carriers will be increasingly restricted to its core strength—providing port-to-port services—as they continue to be squeezed out of the integrated logistics services industry, predicts…

HK’s Cathay Pacific designates top execs

Cathay Pacific Airways has appointed its current chief executive, John Slosar, as chairman of the airline from March 2014, succeeding Christopher Pratt. Ivan Chu,…

K+N names Trefzger new CEO

Kuehne + Nagel (K+N) has appointed Dr. Detlef Trefzger as the new CEO of the Switzerland-based freight forwarder. Trefzger, who has been a member…

Higher profit for APM Terminals in weak market

Global port operator APM Terminals made US$179 million in profit for the second quarter of 2013, an improvement from the $160 million in the…

Zest Air operations suspended over safety issues

PHILIPPINE aviation regulators suspended low-cost carrier Zest Air’s license on Aug. 16, for several violations of safety regulations. The Civil Aviation Authority of the…

TNT invests in scanner at Thai airport ahead of ASEAN union

TNT Express Worldwide (Thailand) Co., a provider of integrated express delivery services, has commissioned a state-of-the-art scanning facility at Suvarnabhumi Airport in Thailand  in…

Cathay Pacific pockets small profit in H1

Cathay Pacific gained HK$24 million (US$3.1 million) in profit in the first six months of 2013, up from a loss of HK$929 million in…

PIL reroutes Asia-US/Australia network

Pacific International Lines, or PIL, announced a revised port rotation for its China Transpacific Service (CTS) that will improve the transit time from the…

Manila North Harbor H1 box volume up 6%

CONTAINER throughput at the Manila North Harbor grew 6.03% to 436,312 twenty-foot equivalent units (TEU) in the first half of the year from 409,990…

Ocean carriers helpless against cargo no-shows?

Cargo no-shows and phantom bookings are still an unresolved issue for ocean carriers, particularly during the peak season, according to Drewry Maritime Research. The…

Box ship to raise East Asia-Red Sea and Arabian Gulf rates

Hapag-Lloyd will increase the rates for its East Asia-Red Sea and Arabian Gulf destinations from September. The German box carrier said a rate hike…

UPS opens two facilities in China

U.S.-based UPS has added two new contract logistics facilities in Chengdu and Shanghai, bringing the total to more than 130 such facilities covering 87…

South Korea group wins right to build new Myanmar airport

Myanmar has awarded to South Korea’s Incheon International Airport Corporation (IIAC) the right to build a new international airport near its main city as…

Singapore’s Seletar Airport conducting capacity upgrades

Seletar Airport in the northeastern region of Singapore is upgrading the service and safety standards of its ground handling agents and implementing capacity and…

Container ports to see growth slowdown but remain profitable

Container port demand will slow down to a compound average global growth of 5.4 percent per annum through to 2017, a decrease from the…