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Groundbreaking rites set off Central Java airport project

Groundbreaking rites set off Central Java airport project

Apr. 25 | Construction work on the Jenderal Besar (JB) Soedirman Airport in Purbalingga, Central Java has started, with Indonesian President Joko “Jokowi” Widodo leading groundbreaking ceremonies. The airport is expected to be completed by late 2019, Jokowi...

Cargo traffic improves for Cathay, declines for HKIA

Cargo traffic improves for Cathay, declines for HKIA

Apr. 23 | Passenger and cargo traffic both increased for the Cathay Pacific group in March 2018, while Hong Kong International Airport (HKIA) reported strong passenger numbers but leaner cargo during the same month. Combined Cathay Pacific and Cathay Dragon traffic...

Panalpina improves overall results, still makes a loss in ocean freight

Panalpina improves overall results, still makes a loss in ocean freight

Apr. 23 | Global supply chain company Panalpina reported an encouraging start into 2018 as profitability per transported unit increased in both air and ocean freight in the first quarter, leading to overall higher earnings, but saw ocean freight mark a bigger loss...

CMA CGM to carve bigger logistics presence by buying a stake in Ceva

CMA CGM to carve bigger logistics presence by buying a stake in Ceva

Apr. 20 | French shipping giant CMA CGM announced it has reached an agreement to acquire an equity stake of nearly 25% in logistic company Ceva Logistics AG. CMA CGM said in a statement on April 20 that it has committed to subscribe for mandatory convertible securities...

Soekarno-Hatta airport targets capacity increase to 100M pax in 2025

Soekarno-Hatta airport targets capacity increase to 100M pax in 2025

Apr. 18 | Indonesia’s Minister for Transportation Budi Karya Sumadi issued on April 15 a target for Jakarta Soekarno-Hatta International Airport to increase handling capacity from the current 63 million passengers annually to 100 million yearly by 2025. The IDR2.6...

Shipping lauds new IMO emissions strategy but sees challenges

Shipping lauds new IMO emissions strategy but sees challenges

Apr. 16 | The shipping industry has welcomed the adoption by the International Maritime Organization (IMO) on April 13 of an initial strategy to further reduce greenhouse gas (GHG) emissions from ships, but expects challenges and hard work ahead if the IMO ambitions...

IMO members agree to cut by 50% greenhouse gas emissions from ships by 2050

IMO members agree to cut by 50% greenhouse gas emissions from ships by 2050

Apr. 14 | More than 100 member states of the International Maritime Organization (IMO) adopted during the 72nd session of the IMO’s Marine Environment Protection Committee (MEPC) in London an initial strategy to reduce greenhouse gas (GHG) emissions from ships. The...

Mixed outlook for box carriers amid a challenging 2018—report

Mixed outlook for box carriers amid a challenging 2018—report

Apr. 11 | Although the container shipping industry enjoyed modest improvement in 2017, it still needs to address the dual challenges of rising costs and oversupply—driven mostly by fleet expansion—to keep the momentum going, according to a new report by AlixPartners. “The...

IMO marine committee set to adopt initial GHG strategy for shipping

IMO marine committee set to adopt initial GHG strategy for shipping

Apr. 11 | The adoption of an initial strategy to reduce greenhouse gas (GHG) emissions from ships is one of the key items on the agenda of the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 72), now holding its 72nd...

Cargo, passenger traffic at major airports surges despite threat of trade wars

Cargo, passenger traffic at major airports surges despite threat of trade wars

Apr. 11 | Both air cargo traffic and passenger demand continued their robust year-on-year growth through 2017 across the world’s major airports despite the looming specter of trade wars and protectionism, according to Airports Council International (ACI)...
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