Sri Lankan exporters are faced with a shortage of space on container ships for their shipments to Europe after several shipping lines diverted some of their services to India, forcing them to use air freight. Shippers who fail to fi nd space on container ships are forced to air freight their shipments the cost of which can be 75 percent more than sea freight. Big lines like Maersk, UASC, K-line and Norasia have shifted some of their services to Nava Sheva, in Mumbai, reducing available … [Read more...] about SRI LANKA: Exporters forced to use air freight
air freighting
INDIA: DHL to restructure India joint venture
DHL plans to restructure its joint venture with Lemuir Group in India, paving the way for it to hold the majority stake in the venture, the Economic Times reported. After the restructuring, DHL will hold a 76 percent stake in the new company, DHL Lemuir Logistics Private Ltd, while Lemuir will hold the balance 24 percent stake. Lemuir’s new promoters have agreed for a cash exit option for their reduced stake. In the previous joint venture, DHL Danzas & Lemuir, DHL and Lemuir had a 49 … [Read more...] about INDIA: DHL to restructure India joint venture
INDIA: Jet Airways buys Air Sahara
Jet Airways, which last month acquired Air Sahara for INR14.5 billion rupees (US$340 million), will see its market share of India’s domestic market increase to about 50 percent. The carrier last month unveiled major re-branding initiatives for both carriers, including a fl eet expansion to support Jet’s international services that eventually will incorporate an orderfor 10 787s. Press reports quoted chairman, Naresh Goyal as saying that Jet is renaming Air Sahara Jetlite and will … [Read more...] about INDIA: Jet Airways buys Air Sahara
NEW ZEALAND: Airwork to start cargo airline
New Zealand aviation company Airwork said it will soon launch a cargo airline in Australia, apparently beating Virgin Blue to the deal. The airline, using three Boeing 737Fs, will fl y freight throughout Australia for listed logistics company Toll Holdings, which in New Zealand owns Toll Rail and the Cook Strait Interislander. Airwork managing director Hugh Jones said the company was to sign the fi nal regulatory documents at the end of last month. Two of the 737-300Fs were due to … [Read more...] about NEW ZEALAND: Airwork to start cargo airline
AUSTRALIA: New cargo reporting system mooted
The benefits of reporting cargo destined for Australia 24 hours prior to loading overseas has become clearer as a result of a recently completed Customsledmultination investigation. “The conclusion from talking with many stakeholders in Europe and the US is that the current North American 24-hour prior reporting systems provide an excellent model if Australia eventually adopts this regime,” said Llew Russell, CEO of Shipping Australia. Discussions were held with Customs … [Read more...] about AUSTRALIA: New cargo reporting system mooted
AUSTRALIA: Menzies to purchase Universal Air Cargo
Menzies Aviation subsidiary, AMI,has signed a conditional agreement to acquire Universal Air Cargo (UAC). Headquartered in London, the combined business will have offi ce locations in London, Manchester, Birmingham, Frankfurt, Sydney, Melbourne, Brisbane, Perth, Auckland, New York, Chicago, Atlanta, Los Angeles and Shanghai, and a joint venture operationin Hong Kong. AMI director Peter Weir said that this acquisition will provide the joint customer base with a range of cost … [Read more...] about AUSTRALIA: Menzies to purchase Universal Air Cargo