Cathay Pacific appeals against EU fine on cargo

AJOT | February 01, 2011 | Air Cargo

Cathay Pacific Airways Ltd said that it had appealed against the European Commission's decision to fine the Hong Kong carrier 57.12 million euro ($78 million) for cargo price-fixing.

"The appeal was filed with the General Court of the European Union, Read More »

China to spend $4.6 blllion on airports in restless Xinjiang

AJOT | February 01, 2011 | Air Cargo

The Chinese government will spend around 30 billion yuan ($4.56 billion) over the next five years on new airport projects in the restless far western region of Xinjiang, state media reported.

The government will build four new airports and expand or r Read More »

Ruslan International first Australia flight after Chapter 3 noise compliant

AJOT | February 01, 2011 | Air Cargo

Ruslan International, the joint venture company which markets and manages the combined fleet of 17 An-124 aircraft belonging to its parents Antonov Airlines and Volga Dnepr Airlines - has successfully operated its first An-124 commercial flight from Austr Read More »

Deutsche Post not to raise customer parcel prices

AJOT | February 01, 2011 | Air Cargo

German mail and logistics group Deutsche Post will not raise prices for privately sent parcels despite rising costs for petrol and the German lorry toll. Read More »

Fine, provisions send Singapore Airlines Q3 net down

AJOT | February 01, 2011 | Air Cargo

Singapore Airlines , the world's second largest airline by market value, reported lower third quarter net profit, hit by provisions for fines by the European Commission and South Korean regulator, as well as a settlement with U.S. authorities on cargo pri Read More »

Hainan Airlines extends cargo GSSA 
partnership with ECS Group in Europe

AJOT | February 01, 2011 | Air Cargo

China's Hainan Airlines has extended its general sales and services agent agreement with ECS Group in Europe by awarding a new contract to the company in Hungary and Austria.

The two-year contract commenced this month and sees Globe Air Read More »

Upbeat end to Cargoitalia first year

AJOT | February 01, 2011 | Air Cargo

Cargoitalia ' Italy's all-cargo flag-carrier ' has turned in another strong result for July-December 2010, concluding its first full year of operations on an upbeat note.

From July-December 2010, the airline operated scheduled services from Milan to H Read More »

UPS profit tops estimates

AJOT | February 01, 2011 | Air Cargo

United Parcel Service , the world's largest package delivery company, reported a quarterly profit that beat estimates and forecast record-high profits in 2011.

Price increases last year and early this year, rising volume as the economy mends and techn Read More »

Volga-Dnepr IL-76TD-90VD delivers 9-ton ‘screw’

AJOT | February 01, 2011 | Air Cargo

Volga-Dnepr Airlines has transported a high value 'screw' used in the production of paper packaging.

Weighing nine tons and measuring 1100 x 210 x 210 cms, the screw was loaded onto one of Volga-Dnepr's IL-76TD-90VD freighters at Kallax Airport in Swe Read More »

TIACA elects Steen as Chairman

AJOT | February 01, 2011 | Air Cargo

Michael Steen, Executive Vice President & Chief Commercial Officer of Atlas Air Worldwide Holdings Inc, has been elected as the new Chairman of The International Air Cargo Association (TIACA).

He was previously Vice Chairman of the Association during Read More »

Hactl announces January tonnage throughput

AJOT | February 01, 2011 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) released today its tonnage throughput for the first month of 2011. A total of 230,077 tonnes were handled in the month, representing a year-on-year growth of 8.2%. Export volume in January increased 6.6% again Read More »

CMA CGM and YILDIRIM: $500-million equity note issuance finalized

AJOT | February 01, 2011 | Liner Shipping

In accordance with the agreements signed on November 25, 2010 between CMA CGM Group and the Yildirim Group, CMA CGM announced that it has issued $500 million in Redeemable bonds, all of which were subscribed by the Yildirim Group.

This investment ena Read More »

Hamburg S’d changing chassis provisioning model in Philadelphia

AJOT | February 01, 2011 | Liner Shipping

Hamburg Sud North America, Inc. has announced that effective February 1, 2011, the company will revise its policies on provisioning of chassis in the Philadelphia region.

Under present practices, Hamburg S'd sources chassis from the Metro Chassis Pool Read More »

Hanjin Shipping re-routes container ships due to Egypt unrest

AJOT | February 01, 2011 | Liner Shipping

Hanjin Shipping was re-routing some of its container vessels due to the unrest in Egypt that has disrupted drydock operations at several ports, its chief executive said.

Seaborne traffic through Egypt's Suez Canal continued to run smoothly, industry o Read More »

NOL carries 26% more cargo in 7 weeks

AJOT | February 01, 2011 | Liner Shipping

Neptune Orient Lines said its container shipping volumes for the seven weeks to Dec 31 rose 26 percent from a year ago, helped by higher traffic on the intra-Asia and Asia-Europe routes.

NOL, the world's sixth largest container shipping firm, carried Read More »

Maersk halts Egypt port terminal operations

AJOT | February 01, 2011 | Liner Shipping

Danish shipping and oil group A.P. Moller-Maersk has suspended its Egypt port terminal operations and closed its shipping offices in the country rocked by turmoil. Read More »

Safmarine website goes mobile

AJOT | February 01, 2011 | Liner Shipping

Shipping line Safmarine has introduced a mobile website offering for its customers. This innovative new service (launched in November 2010) can be accessed by all major mobile devices* and smart phones. Read More »

TUI steps up Hapag-Lloyd IPO plans

AJOT | February 01, 2011 | Liner Shipping

TUI AG and a group of German investors are stepping up efforts to float container shipping group Hapag-Lloyd in the second quarter, four people familiar with the matter told Reuters.

"Analyst briefings are to start on Feb. 15," one of the people said, Read More »

Maersk halts Ivorian cocoa exports

AJOT | February 01, 2011 | Liner Shipping

Danish shipping company Maersk has halted cocoa exports from Ivory Coast and stopped taking new orders for imports to the country, in line with European Union restrictions, an official at the company said.

Maersk is the main shipper of Ivorian cocoa b Read More »

Horizen Lines provides rapid 15-day transit time for cargo transported between China and Kansis City

AJOT | February 01, 2011 | Liner Shipping

Horizon Lines announced it has instituted a 15-day transit schedule for containerized cargo shipped from Shanghai to Kansas City with its new International service. The company launched the Five-Star Express (FSX) trans-Pacific ocean service between China Read More »