Home » Archive for February, 2012

Archive for February, 2012

First General Membership Meeting

First General Membership Meeting

Feb. 29 | At the induc-tion of SCMAP officials last Feb. 10, 2012 Presi-dent Ike Castillo promised that 2012 would be different, ending his talk with “But it is going to be Different in 2012!”. Last Feb. 23 SCMAP held its first General Membership Meeting for...

Kuehne + Nagel opens Chiang Mai office in Thailand

Kuehne + Nagel opens Chiang Mai office in Thailand

Feb. 29 | Kuehne + Nagel has opened a new office in Chiang Mai to provide greater integrated logistics services in Thailand, especially in the high-tech and perishables industry segments. Chiang Mai in northern Thailand is the country’s second largest city, with...

Clark gets P1B for airport modernization

Clark gets P1B for airport modernization

Feb. 29 | Land Bank of the Philippines recently granted Clark International Airport Corp (CIAC) a P1-billion loan to finance the second phase of Clark International Airport’s (CIA) modernization program. CIAC president and chief executive Victor Jose Luciano...

Maersk Group posts 7% growth in 2011 revenue

Maersk Group posts 7% growth in 2011 revenue

Feb. 27 | The A.P. Moller-Maersk Group saw 2011 revenue increase 7% to US$60.2 billion from $56.09 billion year-on-year due to higher oil prices and container volumes but offset by lower container freight rates. In a media statement, the group said profit reached...

DACHSER South China new global partner of Lufthansa Cargo

DACHSER South China new global partner of Lufthansa Cargo

Feb. 27 | Kevin Chen (left), DACHSER Executive Director South China, and Phoebe Chan, Lufthansa Cargo General Manager South China, display the Lufthansa Cargo Global Partnership certificate. DACHSER has become a new member of the cargo carrier’s top customer...

Maersk Line to increase Asia-Europe rates a second time

Maersk Line to increase Asia-Europe rates a second time

Feb. 27 | Danish container shipper Maersk Line announced a second rate hike this year on its Asia-Europe lanes in a bid to recover from huge revenue losses owing to high fuel costs and a market overcapacity. The word’s largest container shipping group said it...

CMA CGM announces revenue restoration program

CMA CGM announces revenue restoration program

Feb. 27 | CMA CGM announced on February 23 its new general rate increases and rate restoration initiatives effective March 2012. From March 1, France’s largest container shipping group will implement the following (GRIs): * From Asia to Middle East Gulf on CIMEX...

Asia cargo traffic drops 13% from ‘persistently’ weak trade

Asia cargo traffic drops 13% from ‘persistently’ weak trade

Feb. 27 | International air freight demand fell by 13.7 percent in January compared to the same month last year, a result of the earlier arrival of the Lunar New Year holidays this year, according to traffic figures from the Association of Asia Pacific Airlines...

Kerry Logistics takes full control of Spanish operations

Kerry Logistics takes full control of Spanish operations

Feb. 24 | Kerry Logistics, a leading global logistics services provider, has completed the acquisition of its former joint venture, Kerry Salvat Logistics S.A., through a buyout of the remaining shares from its partner Salvat Logistica, S.A. Kerry Logistics has...

Singapore Airlines makes 20% cargo capacity cut

Singapore Airlines makes 20% cargo capacity cut

Feb. 24 | Singapore Airlines (SIA) has implemented a 20 percent freighter capacity reduction as the global economic slowdown continues to weaken demand and push up fuel prices. The cargo capacity cut by the world’s second biggest airline by market value was initiated...