HONG KONG, May 24 (GCTL) - An online platform of China's customs data was jointly launched by International Business Daily and America Full-Houses Investment Management Group to serve small- and medium-enterprises, Guan Yanbin, deputy head of the newspaper, told a promotional event on Tuesday. Compared with the United States and Japan, China lags behind in marketing customs data and their use a...

FRANKFURT, May 24 (GCTL) - Lufthansa, United Airlines, Continental and Air Canada won approval from EU antitrust regulators on Thursday for their transatlantic tie-up after agreeing to give up airport slots in Frankfurt and New York. The four airlines' revenue sharing, pricing and capacity pacts triggered an investigation by European Commission regulators four years ago, over concerns that thes...

BEIJING, May 24 (GCTL) - China Railway Corporation, a spin-off of the former Ministry of Railways (MOR), on Thursday floated the first batch of bonds to fund its railway construction and buy trains. The company issued 20 billion yuan ($3.23 billion) in 5-year bonds through auction on Thursday, marking the company's first bond issuance since its establishment in mid-March. It will use the pro...

KUALA LUMPUR, Mau 24 (GCTL) - Malaysia's AirAsia Bhd, Southeast Asia's biggest budget airline by passenger traffic, posted a 39.23 percent fall in first-quarter profits on Wednesday, hurt mainly by higher finance costs and a foreign exchange loss on borrowings, Reuters reported. AirAsia earned MYR104.79 million ringgit (USD$34.72 million) in the three months ended March, down from MYR172.44 mil...

BEIJING, May 24 (GCTL) - Certification was granted to the Boeing 787 Dreamliner from the Civil Aviation Administration of China (CAAC) on Thursday, the US aircraft manufacturer said on its Chinese micro blog. "That means the 787 will be in China soon, very soon" said Marc Allen, president of Boeing China. Allen said earlier that both China Southern Airlines and Hainan Airlines will...

ZHEJIANG, May 24 (GCTL) - A new cargo, ro-ro and passenger terminal for mainland-Taiwan shipping at Zhejiang province's Taizhou port has received approval for construction. The CNY406 million (US$66.2 million) terminal is located at the port's Damaiyu port area. It has a container capacity of 136,000 TEU, bulk capacity of 320,000 tonnes and a passenger capacity of 160,000 persons. Damaiyu...

SHENZHEN, May 24 (GCTL) - Shenzhen port's western area, including Shekou and Chiwan container terminals, is soon to start carrying out the second phase projects to reduce carbon emissions. The port area's green strategy is planned to be implemented in three phases. In the first phase, which has been completed, the terminals converted their diesel-powered facilities to electricity-powered. I...

SEOUL, May 24 (GCTL) - Air Incheon Co., South Korea’s first cargo-only airline, plans to start services this year to smaller cities in China, where Samsung Electronics Co. and Apple Inc. (AAPL) assemblers are increasingly locating their factories as well as to Mongolia and Southeast Asia where economic growth spurs demand for air cargo.. Air Incheon expects to receive its second leased aircr...

TOKYO, May 24 (GCTL) - Japan's All Nippon Airways Co (ANA) said it would put its Dreamliner fleet back into service this weekend, several days ahead of schedule. ANA, the single biggest operator of Boeing's flagship 787, plans to use the high-tech planes for two domestic flights from Chitose airport in Hokkaido to Haneda in Tokyo, earlier than its original plan for June 1. "Modification...

BEIJING, May 24 (GCTL) - China’s factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world’s second-largest economy is sputtering. The flash HSBC Purchasing Managers’ Index (PMI) for May fell to 49.6, slipping under the 50-point level demarcating expansion from c...

LONDON, May 24 (GCTL) - On an inflation adjusted basis, average revenues of global logistics players fell by over 15% at the depth of the recession over what has been a tempestuous six year period, according to the latest report from Transport Intelligence (Ti), Global Transport and Logistics Financial Analysis 2013. On the same basis, average revenues are now only 7% higher than they were 2007. ...

HONG KONG, May 24 (GCTL) - DHL Express, a division of Deutsche Post DHL, has credited its innovative “Certified International Specialists” learning and development program (CIS) with being one of the principal factors in the company’s performance in Hong Kong and worldwide. As a change management initiative, the award-winning program has been instrumental in instituting a cultural transf...

HONG KONG, My 24 (GCTL) - Tiger Airways, one of Asia's leading low cost carriers, will launch direct services between Hong Kong and Jakarta on July 25. The four times weekly to the Indonesian capital Jakarta on Monday, Tuesday, Thursday and Saturday, will be upgraded with an increase to daily flights from September onwards. "We are excited that Tiger Airways is the first low cost carrie...

LOMBARD, May 24 (GCTL) - Effective August 1, 2013, Mitsui O.S.K. Lines, Ltd. (MOL) will begin operating in Canada as MOL (Canada) Inc. MOL (America) Inc. and Montship, Inc. jointly announced that their liner agent agreement will expire on July 31, 2013. Montship has successfully represented MOL’s Canadian liner services for over 53 years and both MOL and Montship are pleased with the long-st...

NADI, May 24 (GCTL) - Air Pacific (to be called ‘Fiji Airways’ in June) has welcomed its second Airbus A330 as it made its maiden voyage to Nadi, Fiji from Toulouse via Los Angeles. To highlight its role as ‘Fiji’s flying ambassador and continue a proud tradition of naming its aircraft after Fiji’s islands, the new A330 has been named Island of Namuka-i-Lau. This island plays an impor...