Nippon Express Co said it will reduce its 34 percent equity stake in its parcel delivery service joint venture with Japan Post Service Co to 14 percent and remove it as an equity-method affiliate. The trucking firm said it will sell 20 percent of its shareholding in JP Express Co to Japan Post Service, the mail arm of government-owned Japan Post Holdings Co, Japan Today reported, citing industry sources. The move comes after Japan Post Service said last month it would delay the planned … [Read more...] about Nippon Express to cut stake in Japan Post JV
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DHL, Cathay ink cargo security partnership
DHL Global Forwarding and Cathay Pacific Airways have signed a memorandum of understanding (MOU) for a Security Partnership Programme. Under the MOU, DHL Global Forwarding will further enhance the security of high-value freight for customers, including pharmaceutical, fashion or high-technology that are pre-alerted as requiring special loss prevention measures, the company said. The aim of the security partnership programme between two parties is to share the industry best practices in loss … [Read more...] about DHL, Cathay ink cargo security partnership
DHL launches life sciences centres in SGP & India
DHL has announced a US$15 million investment in three Life Science Competence Centers to fulfill what it says is the growing demand for higher levels of quality compliance. Located in Singapore, Mumbai, and Hyderabad, the centres will bolster DHL’s logistics capabilities for the Life Science industry in the region. The company also announced the launch of the DHL Global Forwarding Aid & Relief Logistics unit in Asia Pacific based in Singapore. Drawing on DHL’s expertise … [Read more...] about DHL launches life sciences centres in SGP & India
Incheon is moving on the fast track
Northeast Asia’s main gateway Incheon airport wants to double its ground capacity until 2020, hence strengthening its position as one of the top ranking global hubs for cargo and passenger traffic alike. Today South Korea’s gateway is placed second in cargo tonnage (after leading Hong Kong) and twelfth in passenger traffic numbersworldwide. “Our natural advantage is that we are right in the middle of two huge markets – China and Japan,†stated … [Read more...] about Incheon is moving on the fast track
Hong Kong and Shanghai Airports in new JV
Shanghai Airport Authority (SAA) and Airport Authority Hong Kong (AAHK) signed a cooperation agreement in Shanghai today for the establishment of the Shanghai Hong Kong Airport Management Co., Ltd (JV). The jointventure company is aimed at enhancing collaboration between and further develop the strengths of the airports in Shanghai and Hong Kong, the two said. Shanghai is the first Mainland city to have two international airports. Pudong Airport, an international hub airport with an … [Read more...] about Hong Kong and Shanghai Airports in new JV
ANA to boost Asia cargo ops using Naha airport
All Nippon Airways is seeking to build a profitable Asian cargo business in two years using Naha Airport, with the planned flight operation due to begin Monday night, the company’s president said. The company will rely on the airport’s competitive advantage in the capital of Japan’s southernmost island prefecture of Okinawa stemming from its proximity to Asia, Shinichiro Ito said at a news conference. ANA’s ‘‘cargo … [Read more...] about ANA to boost Asia cargo ops using Naha airport