These are trying times for the big European freighter operators, faced with soaring fuel costs and growing competition from Asian carriers. The past year has, for example, seen expanded flights into Europe by such established players as Korean Air and Cathay Pacific, and new entrants such as Jade Cargo International,Great Wall and Jett8. Against this, the European operators can seem a little leaden-footed. Not for them the massive surges in capacity and flood of new routes. Instead, they … [Read more...] about Cargolux calm over Asian competition
air freighting
FREIGHTER CONVERSION SUPPLEMENT ~ The sky's the limit for ST Aerospace's conversion business
In a relatively short period of time Singapore’s ST Aerospace (ST Aero) has become a major player in the aircraft modification business, and now counts engineering and development work, including modifications as contributing nearly a third of its revenue. Singapore-based ST Aero first commenced the B757-200 passenger-to-freighter (PTF) conversionprogramme just over three years ago. In 2004 Boeing licensed both ST Aero and Israel Aerospace Industries (IAI) to jointly develop the … [Read more...] about FREIGHTER CONVERSION SUPPLEMENT ~ The sky's the limit for ST Aerospace's conversion business
Schenker's Iberian push
The acquisition and integration of Spanish logistics services provider Spain- Tir by Schenker is now complete, resulting in a network of 72 new locations for procurement and distribution on the Iberian Peninsula, the group said recently. “By linking Spain-Tir’s strong national network and its international transport operations with the closely linked transport network of Schenker, we are giving our customers a clear competitive advantage,” emphasizes Hans-Jörg Hager, … [Read more...] about Schenker's Iberian push
Menlo wins S'pore fashion logistics contract
EUT Fashion, one of Singapore’s fastest growing retailers of international fashion apparel brands and accessories, has awarded a contract to Menlo Worldwide to design, deploy and operate its distribution centre serving the Singapore market. EUT selected Menlo for an outsourced logistics solution with the goal of improving operational efficiency, inventory visibility and turnaround time of orders for customers in the Singapore retail fashion market. The programme will utilise … [Read more...] about Menlo wins S'pore fashion logistics contract
STL opens office in S'pore
One of the CIS and Central Asia’s fastest growing freight and logistics service companies, STL, has established an office in Singapore from which it plans to expand its presence in the South East Asia region. “Singapore is one of the world’s leading trading and shipping hubs and our new office will enable STL to provide enhanced services to the CIS and Central Asia for our customers in the region,” said Erlan Dikaenbayev, Managing Director of STL. “Singapore … [Read more...] about STL opens office in S'pore
Air cargo's US-dependence will drop as economic power shifts
Speaking on the second day of the congress, Ram Menen, Emirates’ Divisional Senior Vice President Cargo predicted that global trade lanes will change dramatically, likely within the next 20 years as the economic power of Asia and the Indian sub-continent reach their full potential. In particular, Menen highlighted the fact that world air cargo growth is forecast to triple in the next 20 years, fuelled substantially by two key growth regions of the world- India and China. “As … [Read more...] about Air cargo's US-dependence will drop as economic power shifts
