ST Aerospace cited “sporadic reduction of work by customers†and “strong competition†as effects of the industry downturn which saw it post a net profi t for the first half of 2009 down 39 per cent year-on-year to S$60.9 million (US$42.5 million). Quarter-on-quarter the result was up 53 per cent on a 9 per cent rise in revenue, in the second quarter, compared to the first. More Boeing 757 freighter conversion redeliveries and completions for its engineering and … [Read more...] about ST Aero sees 39% drop in H1 profit
asia cargo news
Goodrich inks two JVs in China with Xi’an
Goodrich Corporation and Xi’an Aircraft International Corporation (XAIC) have signed agreements to form two 50-50 joint venture companies – between XAIC and each of Goodrich Landing Gear and Goodrich Aerostructures – to support landing gear and engine nacelle components manufacturing. Aimed at tapping the fast-growing Chinese aerospace market, the new companies are expected to compete for market positions on the COMAC C919 single aisle Chinese commercial … [Read more...] about Goodrich inks two JVs in China with Xi’an
TNT awarded ISO security certification
TNT, provider of integrated express services, has become the first express integrator to achieve the ISO 28000 quality standard. The accreditation covers TNT’s regional head office in Singapore and operationsthroughout the Asia Pacific region. The ISO 28000 certification covers a wide range of requirements for a security management system, including those aspects critical to security assurance of the supply chain. Supply chain security is a key aspect in the transportation of high … [Read more...] about TNT awarded ISO security certification
Changi Airport gets new perishables centre
Singapore Airport Terminal Services Limited (SATS) has announced plans to launch Coolport @ Changi, Singapore’s first on-airport perishables handling centre, in the first quarter of 2010. To be built at a cost of S$12 million (US$8.23 million), Coolport @ Changi will handle terminal and transit perishables cargo within the Free Trade Zone and will have multi-tiered zones, with different temperatures ranging from -28°C to 18°C, to handle a wide range of commodities such as … [Read more...] about Changi Airport gets new perishables centre
Changi Airport gets new perishables centre
Singapore Airport Terminal Services Limited (SATS) has announced plans to launch Coolport @ Changi, Singapore’s first on-airport perishables handling centre, in the first quarter of 2010. To be built at a cost of S$12 million (US$8.23 million), Coolport @ Changi will handle terminal and transit perishables cargo within the Free Trade Zone and will have multi-tiered zones, with diff erent temperatures ranging from -28°C to 18°C, to handle a wide range of commodities such as … [Read more...] about Changi Airport gets new perishables centre
Legacy systems could be hindrance
Andre a Robinson, busines s development manager-UK for CargoWise edi, a leading provider of integrated international supply chain logistics management systems, says that throughout the freight forwarding industry many companies remain locked into their existing IT legacy systems and may not be taking advantage of new technological options that offer superior software solutions to better control supply chaincosts. “There are numerous new software products available to the freight … [Read more...] about Legacy systems could be hindrance