Singapore’s YCH Group has been selected to develop a logistics complex in Phnom Penh (PPLC) at a virtual signing ceremony on 4 March, together with Cambodia’s Ministry of Public Works and Transport. Under a framework agreement, YCH will design, develop, and operate the complex, which the 7PL logistics company says is predicated on its “superport plus” concept. “In addition to being a modern, world-class logistics complex, PPLC will also feature the use of logistics technology to improve … [Read more...] about YCH Group to build logistics ‘superhub’ in Cambodia
Logistics
CEVA Logistics moves in to new Thailand office
CEVA Logistics has moved its country head office to the heart of Bangkok’s business district as it continues to expand its footprint in Thailand. The forwarder said this is the third relocation in recent months following the move of its airfreight team to a new office at Suvarnabhumi Airport and the opening of a new ocean station at Laem Chabang. Also read: CEVA Logistics opens new warehouse in Vietnam The new head office is located in a 28-storey building close to the city’s two … [Read more...] about CEVA Logistics moves in to new Thailand office
CEVA Logistics wins another Airbus contract
CEVA Logistics has been awarded a contract to manage the production supply for Airbus at the aircraft manufacturer's assembly site in Hamburg, Germany, marking a major expansion in the forwarder's aerospace logistics business. CEVA will oversee the production supply for the A320 family structural assembly and the equipping of fuselage sections, as well as the manufacturing and equipping of the A330 and A350 sections in Hamburg. The company will operate the production supply logistics on … [Read more...] about CEVA Logistics wins another Airbus contract
deugro ships project cargo by air from Egypt to China
Forwarder deugro successfully delivered steel structures for a liquefied natural gas (LNG) plant in China just in time to maintain production processes. The project cargo, which measured 810 cubic metres in volume and 209 metric tonnes in total, had to be flown in using three charter flights of a Boeing 747-8F with nose-loading capability, which from the photo looks like it was operated by AirBridgeCargo. The critical components, including steel beams and angles of different sizes, were … [Read more...] about deugro ships project cargo by air from Egypt to China
Asia Pacific leads top emerging markets for logistics
Asia-Pacific nations led all emerging logistics markets as China, India and Indonesia took the top three spots in the Agility Emerging Markets Logistics Index, a broad gauge of competitiveness based on logistics strength and business fundamentals. Among ASEAN countries, Vietnam climbed three spots to end up at eighth, whilst the Philippines inched up a spot to 21. Indonesia, Malaysia and Thailand remained strong to claim the third, fifth and 11th spots, respectively. Also read: Forwarders … [Read more...] about Asia Pacific leads top emerging markets for logistics
SF Holding takes over Kerry Logistics in $2.3b deal
Parcel delivery firm SF Holding is set to acquire a majority stake of Kerry Logistics as it aims to improve its international logistics capacity in a proposed ‘strategic investment and cooperation’ between the two companies, a press release confirmed. The proposed takeover will see the Chinese courier take a 51.8 percent stake in Kerry Logistics at HK$18.8 (US$2.43) per share, with the deal valued at US$2.3 billion. News broke of a potential deal last week as trading for both companies was … [Read more...] about SF Holding takes over Kerry Logistics in $2.3b deal
