Air India and Singapore Airport Terminal Services (SATS) have signed a joint venture agreement to provide ground handling services at the upcoming Bangalore International Airport at Devanahalli, Bangalore. This follows the signing of a joint venture agreement between AI and SATS last year to provide cargo handling services at the Bangalore International Airport after a similar AI-SATS consortium secured one of the two 15-year cargo handling concessions for the airport. The AI-SATS … [Read more...] about Air India, SATS ink second JV deal
Air Shipping Asia
Three conventions govern international carriage of cargo
As the volume of air cargo increases every year, airlines, forwarders and other air cargo logistics providers have become increasingly involved in the carriage of high value, sensitive or precious cargo. Often this cargo is carried to nearby regional destinations but more and more cargo is being carried to increasingly distant destinations with differing laws, regulations and business practices. International law has developed and continues to develop to deal with carriage of ever increasing … [Read more...] about Three conventions govern international carriage of cargo
U-Freight inks cargo deal with Baiyun Airport
U-Freight has become the first logistics company to sign a strategic cooperation agreement with Guangzhou Baiyun International Airport, giving a guarantee of minimum cargo throughput. In a statement, the company said that the agreement will enable the airport to benefit from U-Freight’s international network to boost cargo volumes and help underpin the airport’s development as an air cargo hub for Southern China. As part of the agreement, U-Freight is making a commitment to … [Read more...] about U-Freight inks cargo deal with Baiyun Airport
Kuehne+Nagel expands in Asia-Pacific
Kuehne+Nagel said it is rapidly developing its contract logistics business in the Asia-Pacific region, with plans including expanded warehousing space and selected local acquisitions. Since rolling out its Asia-Pacific expansion plan in 2005, Kuehne+Nagel’s logistics activities have strengthened considerable, with a series of significant business wins and the opening of new facilities. At present, the company’s contract logistics network in Asia-Pacific comprises 43 locations in … [Read more...] about Kuehne+Nagel expands in Asia-Pacific
SEKO opens office in Dubai
US-based SEKO, a global provider of freight forwarding and logistics solutions, has expanded its operations into Dubai. The new SEKO-Dubai station covers air, ocean and ground operations throughout the UAE. It serves as a major transhipment and distribution hub, with multimodal transportation throughout the entire Middle East, Africa and the Commonwealth of Independent States (CIS), comprised of 11 former Soviet republics. Due to increasing international trade and business development … [Read more...] about SEKO opens office in Dubai
EGL accepts Ceva’s bid
After months of haggling, USbased logistics provider EGL Inc. has accepted a US$2 billion bid to be acquired by the Ceva Group, which is owned by private-equity firm Apollo Management. Under the agreement, EGL shareholders will receive $47.50 in cash per share of EGL stock they hold at the time of the merger. CEVA also amended the “no-deal” fee, dropping the fee payable by EGL to CEVA from $30 million to $20 million, and increasing the fee payable by CEVA to EGL. The purchase … [Read more...] about EGL accepts Ceva’s bid