Aramex has broken ground on its Logistics Centre, located in Dubai Logistics City (DLC). The AED 120 million Aramex facility encompasses a built-up area of over 43,000 square metres, situated over a 140,000 square-metre area of land, and is due for completion in the first quarter of 2011. The logistics centre is strategically located next to the Jebel Ali Port and Free Zone, complementing Aramex' product offering of total logistics solutions. … [Read more...] about Aramex's Dubai Logistics City facility breaks ground
Airports
ANA boosts cargo hub ops out of Okinawa
All Nippon Airways is looking to create a profitable Asian cargo business within two years using Naha Airport, with operations beginning in early November. The cargo hub, located on the southernmost island prefecture of Okinawa will link Japan’s three international airports in Tokyo and Chiba and Osaka with those in Seoul, Shanghai, Hong Kong, Taipei and Bangkok via Naha Airport. … [Read more...] about ANA boosts cargo hub ops out of Okinawa
Airline exec confidence returns
Airline executives expect improved results and a rebound in cargo volumes in the coming year, a "turning point" for a sector closely linked to economic trends, a survey released on Monday showed. The International Air Transport Association (IATA) said confidence had grown markedly among major carriers in Asia, Europe and the Americas. "This does look like a turning point," IATA said of the quarterly business confidence poll. … [Read more...] about Airline exec confidence returns
Airfreight continues to pad HK trade
The latest figures from Hong Kong's Census & Statistics Department indicate a growing importance of the airfreight industry in the territory as a proportion of overall trade. The trade value of air cargo rose to 35 per cent of overall trade last year from 30 per cent in 2003 with cargo throughput at Hong Kong International Airport standing at 3.63 million tonnes last year. Hong Kong remains the largest air cargo hub in the world, followed by Seoul, Tokyo, Paris and Frankfurt. … [Read more...] about Airfreight continues to pad HK trade
China posts 8.9 per cent Q3 GDP growth

China posted GDP growth of 8.9 per cent in the third quarter of the year, up from 7.9 per cent growth in the second quarter, Bloomberg reported. The growth rate, the fastest in a year, reflected heavy government stimulus spending and high lending growth. Helped by massive stimulus spending on infrastructure, urban fixed-asset investment rose 33.3 per cent in the third quarter. Industrial production rose 13.9 per cent year-on-year in September, the highest rate of growth in more than 12 … [Read more...] about China posts 8.9 per cent Q3 GDP growth
China-ASEAN Free Trade Area on track
The Chinese Vice Premier has reaffirmed his country's commitment to going beyond the China-ASEAN Free Trade Area (CAFTA) which is set to come into effect on January 1, 2010 in developing comprehensive economic cooperation in the Asian region. This agreement will provide a zero-tariff policy on 90 per cent of the products traded between China and ASEAN countries including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Once CAFTA takes … [Read more...] about China-ASEAN Free Trade Area on track