Swiss logistics provider Panalpinaintends to further expand its Asiannetwork, especially in China because"this is where the future key markets are and where a growing number of our customers are building production sites or plan to establishing new offices," Panalpina's CEO, MonikaRibar said. As a globally acting logistics firm it isa must for her company to follow wheretheir clients move, she added.Another region Panalpina is focusingon is the CIS countries and Siberia.There, the … [Read more...] about CHINA: Panalpina to expand Asian presence
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HONG KONG: Forwarders can now operate privately in China
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
HONG KONG: Customs reviews apparel shipments
The United States Association ofImporters of Textiles and Apparel(USA-ITA) last month issued a bulletinto its members stating that reports fromimporters indicate that the Bureauof Customs and Border Protection(Customs, CBP) is closely monitoringdocumentation for shipments of apparelfrom Hong Kong. USA-ITA noted that Customs' scrutinyof shipments from Hong Kong followsa series of joint textile factory visits,that were conducted by US and HongKong officials in December of 2006. "The … [Read more...] about HONG KONG: Customs reviews apparel shipments
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
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