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HANOI, Mar 10 (GCTL) - Korean Air will enhance its seasonal flights to Hanoi, the capital city of Vietnam which is emerging as the core economic region of northern Vietnam. Compared to last winter season, the number of cargo flights in the main summer season will increase from two to three flights per week. Since inauguration of cargo flights on October 27, 2009, Korean Air has made great stri...

LONDON, Mar 10 (GCTL) - CEVA Logistics has reported that its profit was 5.49 billion euro (US$7.52 billion) in 2009, down 13.2 percent compared with the 6.33 billion euro profit in the previous corresponding period. The company said its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) (excluding the impact of specific items which are significant items such as restructu...

TOKYO, Mar 10 (GCTL) - The Compliance Investigations Committee (CIC) investigating the past business practices of the JAL Group has put out an appeal for information from anyone who has data related to the airline's compliance issues. Informants have been asked to contact the CIC by post to: Mailing address : Law office of Nishikohri & Miyama Compliance Investigations Committee Ch...

HONG KONG, Mar 10 (GCTL) - The Cathay Pacific Group, parent of Cathay Pacific Airways, has announced an attributable profit of HK$4.69 billion (US$1.03 billion) in 2009, turning into the black from a loss of HK$8.7 billion the previous year. The group reported that its turnover in 2009 fell by 22.6 percent to HK$66.98 billion while earnings per share rose by HK340.3 cents to HK119.3 cents. ...

SHANGHAI, Mar 10 (GCTL) - Maersk's MCC Transport, the Danish shipping giant's intra-Asia unit, will offer direct service between Japan, Vietnam, Cambodia and Thailand from March 23. The move will extend the shipping line's IA-5 Service to China and Japan. This means additional calls at Shanghai, Osaka, Tokyo, Yokohama and Nagoya will make the IA-5 the first container service linking Shanghai...

BEIJING, Mar 10 (GCTL) - The Chinese government has announced that Beijing city's logistics industry development scheme has set a target of 7 trillion yuan (US$1.03 trillion) by 2011 for the total value of cargoes using logistics service. Beijing is also aiming at an average annual growth rate of 12 percent in the added value logistics industry. The city plans to reach 60 billion yuan in it...

SHANGHAI, Mar 10 (GCTL) - China's costliest water transport project, a shipping channel dredging programme to boost trade in the Yangtze River Delta area, is due to be completed in the middle of March, 2010, Xinhua reported. The 12-year programme had a total cost of US$2.42 billion. The channel starts at Waigaoqiao, in Shanghai, and ends where the Yangtze River enters the East China Sea. ...

BEIJING, Mar 10 (GCTL) - China’s car companies are set to turn to a Western outsourced model of logistics to cope with booming volumes and more demanding consumers. Domestic carmakers have typically relied on their own captive logistics arms, and this has also applied to their joint ventures with the principal Western and Japanese car companies which make up the bulk of car production. B...

BANGKOK, Mar 10 (GCTL) - Airports of Thailand Plc will extend incentives to airlines which agree to operate flights through its facilities. This is part of a new marketing programme to increase traffic through its airports. AoT recently authorised its management to negotiate individually with carriers. The incentives, to be granted on a case-by-case basis, will likely include discounts or...

HONG KONG, Mar 10 (GCTL) - Due to the continued tight space availability in the North American export market, Orient Overseas Container Line (OOCL) is limiting the acceptance of online booking requests, the company informed its U.S. customers on Monday. The limited booking acceptance would apply to the current week, plus the following seven weeks, OOCL said. "This eight week booking a...

BEIJING, Mar 10 (GCTL) - China should open more airspace for domestic carriers to help them compete with the fast-growing high-speed railways and to increase efficiency, Liu Shaoyong, chairman of China Eastern Airlines, said yesterday. High-speed railways will cover the most developed and populated areas in China, equivalent to more than 60 percent of the country's civil aviation markets, Liu s...

GUANGZHOU, Mar 10 (GCTL) - Express delivery service TNT Hoau, a wholly-owned subsidiary of TNT in China, has finished its Day-Definite road distribution network, which promises delivery on a specific date. The network covers key economic and business hubs including Bohai Bay, the Yangtze and Pearl river deltas and major economic regions in central and western China. TNT says the service will co...

SINGAPORE, Mar 10 (GCTL) - Singapore companies which are keen to get into the North- east Asian market and want a good base to hub from were given an introduction to the advantages that South Korea's Port of Busan can offer at a seminar organised by IE Singapore yesterday. Busan port was already the world's fifth largest container port and Korea's busiest, serving as a major transshipment hub i...

HONG KONG, Mar 10 (GCTL) - Aircraft leasing and financing company Hong Kong Aviation has appointed Mathis Shinnick as its CEO with effect from May 1, 2010. Shinnick will be the first CEO of the company, which was formed in 2009 with a group of investors including China's HNA Group, China Development Bank and New York-based Bravia Capital Partners. Prior to his appointment, Shinnick was the g...

BRISBANE, Mar 10 (GCTL) - The Project Professionals Group have teamed up to deliver a consignment of 18 transformers and associated equipment to remote desert locations along the Libyan, Tunisian and Algerian borders. The joint project involved transportation to Sétubal in Portugal and Tarragona in Spain and then shipping to Libya’s largest port of Misurata. PPG member for Belgium Polytra...

HONG KONG, Mar 9 (GCTL) - Hong Kong port's total port cargo throughput in 2009 fell 6 percent over a year earlier to 243 million tonnes, the Census & Statistics Department says. Inward port cargo fell 5 percent to 139.3 million tonnes while outward port cargo dropped 9 percent to 103.7 million tonnes. Seaborne cargo dropped 10 percent to 161.6 million tonnes, while river cargo rose 2 per...

TOKYO, Mar 9 (GCTL) - The JAL Group has reported that it handled 43,393 tonnes of international cargo and 2,697 tonnes of international mail in January, up 32.9 percent and 4.7 percent respectively year on year. The Group said that it handled 31,810 tonnes of domestic cargo and 2,460 tonnes of domestic mail, representing a decline of 3.5 percent and a fall of 4.2 percent respectively versus the...

HONG KONG, Mar 9 (GCTL) - Hong Kong Air Cargo Terminals Limited (Hactl) said it handled a total of 180,033 tonnes in February, 2010. representing a strong year-on-year growth of 34.7 percent. Cumulative tonnage for the first two months of the year was 392,656 tonnes, up 42.1 percent year-on-year. Export volume for February was 91,800 tonnes, up 42.2 percent year-on-year. Ms. Lilian C...

TOKYO, Mar 9 (GCTL) - Louis Vuitton Japan, a unit of the LVMH Group, a leading company in the retail industry, has awarded Kuehne + Nagel Japan a contract for the management of its regional distribution centre in Osaka. Based on the systems and processes customised in this facility, Kuehne + Nagel will further be responsible for setting up showcase warehouse operations for all of Louis Vuitton...

HONG KONG, Mar 9 (GCTL) - The rift between shippers' and ocean going carriers over "unreasonable fee demands" has increased further as the Hong Kong Shippers' Council lambasted container shipping lines for imposing "Document Printing Fee" on truckers when they go to shipping lines' offices or depot to pick up containers on behalf of shippers. Hong Kong Shippers' Council exec...