ANA has agreed to co-sponsor the rescue plan for the bankrupt Japanese budget carrier Skymark Airlines, reaching a basic agreement to take 19.9 per cent interest and help in the turnaround effort. Skymark Airlines solidified the plan Tuesday involving ANA and investment fund Integral, which had earlier agreed to sponsor Skymark. Key aspects of the arrangement will be announced later this afternoon. The reason for keeping ANA's stake under 20 per cent is that anything more substantial … [Read more...] about ANA agrees to 19.9% stake in Skymark
Air Cargo Asia
Europe subjected to 3 cargo thefts daily, says TAPA
There was an average of three major cargo crimes a day targeting high value, theft-attractive products in the supply chain in Europe in 2014 with an average loss of €205,624, according to the Transported Asset Protection Association’s (TAPA) 2014 Incident Information Service (IIS) Annual Report for the EMEA region. For the year as a whole, TAPA EMEA recorded 1,102 incidents of cargo crime in the region. For the 33 per cent of crimes reporting a value, total losses for the year … [Read more...] about Europe subjected to 3 cargo thefts daily, says TAPA
Jim Jackson inducted into TIACA Hall of Fame
James ‘Jim’ Jackson, a driving force behind the standardisation of aircraft unit load devices (ULD) and the supporting aircraft and ground-handling technical requirements, has been welcomed to The International Air Cargo Association’s (TIACA) Hall of Fame. Jackson is an air-cargo handling and logistics innovator, a lifelong champion of international standardisation, and an engineering solutions-finder for the air cargo industry, who fostered the ubiquitous … [Read more...] about Jim Jackson inducted into TIACA Hall of Fame
C.H. Robinson expands operations to Vietnam
Expanding operations in one of the fastest growing global economies, C.H. Robinson is now operating out of a fully owned global forwarding office in Ho Chi Minh City, the centre and gateway of Southern Vietnam. As a key hub for transportation and logistics in Southeast Asia, Ho Chi Minh City handles about 70 per cent of Vietnam’s total cargo volume. C.H. Robinson’s increasing involvement in the Vietnam market is part of the company’s aggressive plan to offer expertise on both a … [Read more...] about C.H. Robinson expands operations to Vietnam
Schiphol tonnages hit by slowing Chinese output
Amsterdam Airport Schiphol’s cargo throughput totalled 385,842 tonnes in the first three months of 2015, down 1.8 per cent on 2014. Reductions in cargo to and from Asia and Europe accounted for the drop, the first quarterly fall in almost two years. While January (-2.3 per cent) and February (+2.1 per cent) tonnages maintained the previous year’s levels and smoothed the effect of the shift in dates of the Chinese New Year between 2014 and 2015, it was March’s decline … [Read more...] about Schiphol tonnages hit by slowing Chinese output
Shipping schedule reliability improving
Liner shipping service reliability across the three core East-West trades hit a five-month peak in March with an aggregate on-time performance of 64 per cent, according to Carrier Performance Insight, an online schedule reliability tool provided by Drewry Supply Chain Advisors. Source: Drewry Carrier Performance Insight (http://cpi.drewry.co.uk) The latest result represents an 8.5 percentage point gain over February and is the second best average (after October 2014) since … [Read more...] about Shipping schedule reliability improving
