Hong Kong and Macau based airfreightforwarders have been givenapproval to set up jointly-owned orprivately-run businesses on mainlandChina since the end of January, accordingto Logistics Week, citing the ChinaAir Transport Association (CATA). CATA, which is responsible forexamining applications, said over 20companies have so far applied to jointhe scheme. Under the guidelines setout by CATA, sales agencies representingHong Kong and Macau lines arerequired to have a registered capital ofat … [Read more...] about HONG KONG: Forwarders can now operate privately in China
Airports
SINGAPORE: Changi Airport, Tata ink joint venture
Singapore's Changi Airports andIndia's conglomerate Tata Group haveset up a joint venture to bid for contractsto run the fast-growing airportsin Kolkata and Chennai. Changi Airports International, astate-owned airport developer, said ina statement that Tata would hold 51percent of the company, while ChangiAirports would own the rest. It did notgive financial details. The Tata group's interests span automotives,commodities, energy, hotels,retail, financial services, broadcast,software and … [Read more...] about SINGAPORE: Changi Airport, Tata ink joint venture
SINGAPORE: Jett8 Airlines Cargo to launch service in Q2
Jett8 Airlines Cargo, Singapore'sfirst all cargo airline, is to launchoperations in the second quarter of2007 with a fleet of five Boeing 747-200 freighters. Aside from services to Hong Kong,Indonesia, Dubai and United Kingdomduring the first year of operation, theairline plans its future network expansionto the rapidly growing Chinese andIndian markets, with potential onwardservices to Europe and the US. Japanese shipping conglomerateNYK Line, which has inked a deal expressingits … [Read more...] about SINGAPORE: Jett8 Airlines Cargo to launch service in Q2
Black & Decker inks deal with K+N Thailand
Kuehne + Nagel in Thailand has been awarded a three-year contract by Black & Decker (Thailand) Ltd. Under the new agreement, K+N is responsible for the receipt of inbound shipments, warehousing and national distribution. In addition, a wide range of value-added services, including spares part management, are provided. To meet the sophisticated logistics requirements of Black & Decker, K+N has taken a new 4,200 sqm warehousing facility in Bangkok into operation. "Kuehne + … [Read more...] about Black & Decker inks deal with K+N Thailand
Air Atlanta's freighter dilemma
Not so long ago it seemed as ACMIoperator Air Atlanta Icelandic wouldneed to make a rapid transition fromB747-200Fs to more modern freighters.Now, however, the picture is lessclear. True, the carrier is looking carefullyat the 12 -200Fs that form the bulk ofits fleet, and looks almost certain to sellthe two of them it actually owns whentheir leases expire in the middle of thisyear. But the future of the remainingten ¨C dry leased from their owners, andthen wet-leased to airlines ¨C remains … [Read more...] about Air Atlanta's freighter dilemma
Yusen Air & Sea Service
Yusen Air & Sea Service said it has opened a new branch in Brisbane. It is Yusen's third base in Australia after Sydney and Melbourne. … [Read more...] about Yusen Air & Sea Service