Weatherford and Halliburton, two major global players in the oil & gas industry and long-time Panalpina customers have awarded significant new businesses to the global forwarding and logistics group, it said. Weatherford is one of the largest global providers of innovative mechanical solutions, technology applications and services for all phases of oil and gas developments. The group has awarded Panalpina with significant air and ocean freight export business from the US and Canada. In … [Read more...] about Panalpina wins key oil & gas logistics contracts
asia cargo news
DHL establishes oil & energy centre in Singapore
DHL has established its eighth and largest DHL Center of Excellence for Oil and Energy in Singapore to serve the Asia Pacific region as it moves to meet what it says is surging demand from the €260 billion global oil and energy logistics industry. Staffed by more than 200 employees, the DHL Asia Pacific Oil and Energy Center of Excellence (COE) located in Changi South comprises of a comprehensive team of industry professionals who design and implement innovative and enhanced logistics … [Read more...] about DHL establishes oil & energy centre in Singapore
IATA: Slow improvement continues
The International Air Transport Association (IATA) reported international scheduled traffic results for October 2009 showing continued improving conditions, although yields remain under serious pressure. Demand for both International cargo and passenger demand both rose to 0.5 per cent below October 2008 levels which is significantly better than the 5.4 per cent decline recorded in September. Load factors for cargo and passengers continue at pre-recession levels of 54.1 per cent and 78 per cent … [Read more...] about IATA: Slow improvement continues
Avient MD-11 freighter crashes killing three
A Zimbabwe-registered MD-11 freighter belonging to UK-based Avient Aviation crashed in flames on takeoff from Shanghai Pudong International Airport early Saturday morning, killing three crew members, and wounding four others, including one who remains in serious condition. The charter freight flight from Shanghai to Bishkek, the capital of Kyrgyzstan, was carrying general consumer products, items such as electrical goods and clothing, Avient said in a statement. Early reports indicated the tail … [Read more...] about Avient MD-11 freighter crashes killing three
Long-awaited BA/Iberia merger signed
British Airways has confirmed Thursday that its proposed merger with Spanish carrier Iberia will go ahead after concluding a £4.2 billion (US$7 billion) deal. The merger – 18 months in the making – creates the world's third largest airline group and will see BA take control of 55 per cent of the combined group, rising to 56 per cent when cross shareholdings held by the two companies are cancelled next year. Willie Walsh, BA's chief executive will become the head of the … [Read more...] about Long-awaited BA/Iberia merger signed
First B747-8 Freighter emerges from assembly
Boeing towed the first 747-8 Freighter – destined for launch customer Cargolux – out of its Everett, Washington assembly hangar on Thursday in preparation for painting and flight testing. The 747-8 Freighter is 76.3 metres long, which is 5.6 metres longer than the 747-400 Freighter. The stretch provides customers with 16 per cent more revenue cargo volume compared to its predecessor, which translates to four additional main-deck pallets and three additional lower-hold … [Read more...] about First B747-8 Freighter emerges from assembly