Virgin Atlantic Cargo reports 39% growth in 2010/2011 revenues

AJOT | August 11, 2011 | Air Cargo

Virgin Atlantic Cargo has announced revenues for the 2010/2011 financial year up 39% to '224.4 million.

Strong performance across its network saw tonnage carried on the Virgin Atlantic and V Australia networks climb to nearly 227,000 tons, a 17% incre Read More »

Klinge unveils new NMR-075 refrigeration unit for tricons

AJOT | August 11, 2011 | Air Cargo

Klinge Corporation unveiled their new refrigeration unit for Triple Containers, or tricons.

The tricon is configured so when three are adjoined, the footprint is that of a standard 20' ISO container.

This means ultimate versatility as the tricon Read More »

Emirates fleet 26% more efficient than IATA industry average

AJOT | August 11, 2011 | Air Cargo

The Emirates Group today announced the release of its first comprehensive environmental report, a study that revealed the airline's carbon dioxide emissions efficiency was 26% better than the global airline average.

Covering the 2010-2011 fiscal year, Read More »

Grupo Mexico again ups stake in airport operator

AJOT | August 11, 2011 | Air Cargo

Copper mining giant Grupo Mexico raised its stake in Mexican airport operator Grupo Aeroportuario del Pacifico (GAP) to nearly 30 percent, even as its takeover bid languishes in court battles.

Grupo Mexico, which runs mines in Mexico, Peru and the Uni Read More »

Virgin Atlantic sees tough year ahead

AJOT | August 11, 2011 | Air Cargo

British airline Virgin Atlantic said market conditions had become tougher in recent months due to higher fuel prices and weakening consumer confidence, with this week's London riots and U.S. market turmoil unlikely to help sentiment.

The airline, whos Read More »

WFS becomes largest cargo handler in Montreal after acquiring assets of Excel Cargo

AJOT | August 11, 2011 | Air Cargo

Worldwide Flight Services (WFS) has become the largest cargo handler in Montreal, Canada, by purchasing the assets of Excel Cargo at both Montreal's Dorval and Mirabel airports.

The combined operation of both airports, including the existing WF Read More »

Schiphol Cargo game wins award

AJOT | August 11, 2011 | Air Cargo

A 'serious' game, designed to promote the benefits of the Schiphol Smartgate Cargo system, has won an Outstanding Achievement Award in the Interactive Media Awards.

Smartgate The Game shows players how the supply chain works, and illustrates th Read More »

HNA bids for Hochtief airport assets

AJOT | August 11, 2011 | Air Cargo

HNA Group, the parent of China's fourth-largest airline Hainan Airlines Co Ltd, has joined the fray in bidding for Hochtief AG's airports business.

HNA's airport unit was among those shortlisted to move to the second round of bidding for Hochtief's ai Read More »

Cathay Pacific H1 net profit down 59%, beats forecasts

AJOT | August 11, 2011 | Air Cargo

Cathay Pacific Airways Ltd , Asia's No.4 air carrier by market value, posted a better-than-expected 59 percent fall in first-half net profit on soaring fuel costs and placed an order for 12 Boeing aircraft with a list price of $3.28 billion.

Cathay, t Read More »

Cargo plane crash kills 11 in Russian Far East -RIA

AJOT | August 11, 2011 | Air Cargo

A cargo plane crashed in Russia's Far Eastern Kolyma region, killing 11 people after it disappeared from radar screens, a transport official was quoted as saying by state news agency RIA Novosti. Read More »

LeanLogistics partners with Aberdeen Group to release industry benchmark report

AJOT | August 11, 2011 | Liner Shipping

LeanLogistics, a global solutions provider of transportation management system (TMS) applications and supply chain services, has partnered with Aberdeen Group to sponsor research for the Aberdeen Group benchmark report, "Integrated Transportation in a Cap Read More »

NOL Group reports US$67 million loss in first half of 2011

AJOT | August 11, 2011 | Liner Shipping

Global container shipping and logistics group Neptune Orient Lines (NOL) has reported a net loss of US$67 million for the first half of 2011 compared to a US$1 million net profit in the same period a year ago. The Group said it lost US$57 million in the Read More »

Pasha Hawaii cuts steel for second vessel

AJOT | August 11, 2011 | Liner Shipping

Honolulu-based Pasha Hawaii has announced the MV Marjorie C's first steel plate was cut, launching the official start of construction for the company's second vessel. The steel was cut at VT Halter Marine's shipyard in Pascagoula, MS. The Marjorie C Read More »

Matson to discontinue CLX2 Service; commitment to CLX1 reaffirmed

AJOT | August 11, 2011 | Liner Shipping

Citing sustained high fuel prices, downward rate pressure and overcapacity in the Transpacific trade, Matson announced that it is discontinuing in late August its expanded China ' Long Beach Express service (CLX2), which includes service to and from Hong Read More »

Crowley scheduled for inaugural Tampa Port call in Central American Ro/Ro service

AJOT | August 11, 2011 | Liner Shipping

Crowley Maritime Corp. has plans to make its inaugural port call to Tampa, Fla., on Friday, September 02, 2011, as part of its Central American Roll-on/Roll-off (Ro/Ro) service. This service accommodates Ro/Ro, breakbulk and project cargoes. Based on cur Read More »

Hamburg S’d receives two environmental awards in the USA

AJOT | August 11, 2011 | Liner Shipping

Hamburg S'd has again been honoured for its sustainable and environmentally conscious conduct. First, in late July 2011, it received the Air Quality Award from the San Pedro Bay Ports Clean Air Action Group (backed by the ports of Los Angeles and Long Bea Read More »

APL’s on-time record in Trans-Pacific hits 94% in first half 2011

AJOT | August 11, 2011 | Liner Shipping

Container shipping leader APL's on-time performance in the Trans-Pacific trade was 94% for the first half of 2011.

In its mid-year report on 2011 vessel reliability, the Singapore-based carrier said today that APL ships missed their arrival window onl Read More »

Wary retailers put holiday shipping boost in doubt

AJOT | August 11, 2011 | Liner Shipping

The struggling U.S. economy is beginning to take its toll on shipping companies which should be seeing a big boost from their peak season but instead find retailers delaying decisions about how much to import.

Retailers that had to discount sharply in Read More »

Hamburg S’d increases BAF for USA/Canada West Coast to European & Mediterranean destinations

AJOT | August 11, 2011 | Liner Shipping

Effective October 1, 2011, the Bunker Adjustment Factor (BAF) for all cargo moving from US and Canadian West Coast Ports to European and Mediterranean destinations will be increased from USD 346/20', USD 692/40' to USD 392/20', USD 784/40'. Read More »

China pushes hi-tech for shipbuilders to unseat South Korea

AJOT | August 11, 2011 | Liner Shipping

China should regain its status as the world's leading shipbuilder in the next few years if domestic suppliers such as China Rongsheng and Yangzijiang Shipbuilding quickly modernize their drydocks and close the technology gap with South Korean competitors. Read More »