Scan Global Logistics is strengthening its market position and global presence as it enters South Korea as a new market with the acquisition of long-term partner ENK Logistics. The acquisition, which will see ENK operate under the SGL brand, aligns with the former's strategy to establish its presence in the world’s largest economies, citing South Korea’s well-established position in the trade markets of Southeast Asia, with a business-friendly and efficient regulatory environment. The … [Read more...] about Scan Global Logistics enters South Korea
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SingPost’s Australian unit eyes purchase of Border Express
Freight Management Holdings or FMH, a subsidiary of Singapore Post, has entered into a conditional sale and purchase agreement with the shareholders of Border Express, for a maximum purchase consideration of A$210 million, or approximately S$183 million. Border Express is considered the 6th largest national transport and distribution services company in Australia with comprehensive freight connectivity, warehouses and regional centres. It provides end-to-end interstate logistics services … [Read more...] about SingPost’s Australian unit eyes purchase of Border Express
Blended SAF powers Cebu Pacific’s Narita-Manila flight
Cebu Pacific became the first carrier in the Philippines to use sustainable aviation fuel from Japan as it operated its Airbus 321neo on flight 5J 5055 from Narita Airport to Manila on 25 October. The airline used 40 percent blended SAF produced by Neste Corporation and supplied by Itochu Corporation, which resulted in a 44 percent reduction in carbon emissions per passenger, a new record for its flights, Cebu Pacific claimed. Itochu, which acts as the branded distributor of SAF in Japan, … [Read more...] about Blended SAF powers Cebu Pacific’s Narita-Manila flight
Singapore air cargo slips in Q3 as traffic with India grows
Singapore Changi Airport saw its air freight throughput slip 4 percent year on year in the third quarter as falling demand in previous months gradually eased during the quarter, led by improvements in trans-shipment volumes. The airport recorded 451,000 tonnes of air cargo for the third quarter, with September volumes staying flat at 154,000 tonnes, on par with what was carried in the same month last year. For the period from July to September, Changi’s top five air cargo markets comprised … [Read more...] about Singapore air cargo slips in Q3 as traffic with India grows
FedEx speeds up Vietnam-Singapore service with B767F
FedEx Express is further enhancing its services between Vietnam and Singapore as well as the wider Asia, Middle East, Africa (AMEA) and Europe market, with the introduction of a new flight offering expedited delivery times. The new service will use a dedicated B767 freighter starting October 31 to fly four times a week in the evenings from Ho Chi Minh City to Asia and Europe through the FedEx hub in Guangzhou, China. Exporters shipping from Southern Vietnam will benefit from faster transit … [Read more...] about FedEx speeds up Vietnam-Singapore service with B767F
Stakeholders sign agreement on Dongguan Logistics Park
Airport Authority Hong Kong (AAHK) has signed an agreement with Dongguan Port Group to establish a joint venture for the development of HKIA Dongguan Logistics Park, the world’s first sea-air intermodal transshipment connection between a logistics park and an airport's airside. The novel sea-air intermodal transshipment arrangement enables cargo security screening, palletisation and airline acceptance for export cargo from the Greater Bay Area (GBA) to be completed upstream in Dongguan in … [Read more...] about Stakeholders sign agreement on Dongguan Logistics Park
