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Archive for April, 2018
Passenger movements up, cargo shipments decline at Changi Airport
Apr. 30 | Singapore Changi Airport handled 5.56 million passenger movements in March, an 8.7% year-on-year increase, while cargo shipments dipped 0.6% to 187,550 tonnes compared to the same period last year. In March, passenger traffic growth was observed across...
Royal Cargo strengthens cold chain services with active cooling containers
Apr. 30 | Unlike traditional cooling containers or passive cooling, the active cooling containers provide a temperature-controlled environment that enables not only superior insulation but also a constant temperature range despite spikes in external temperature...
Cathay Pacific to open nonstop flights to Davao and Medan
Apr. 30 | Cathay Dragon, the regional airline of the Cathay Pacific Group, is introducing two new services, to Davao City in the Philippines and Medan in Indonesia, in October. The carrier will begin services to Davao City on October 28 and to Medan on October...
ATI earmarks P8B to upgrade Manila, Batangas ports in 2018
Apr. 30 | Asian Terminals Inc’s new executive vice president William Khoury said he is optimistic cargo volumes will continue to increase on the back of the Philippines’ high economic growth. Photo courtesy of ATI. Port operator Asian Terminals Inc. (ATI) will...
SG pledges more than $185M in investments to PH
Apr. 30 | The Philippines has received US$185.7 million worth of investment pledges from Singapore that will provide 1,920 job opportunities and strengthen the two countries’ trade relationship. The investment pledges were signed on April 28 on the sidelines...
Newly delivered tanker enlarges Chelsea’s capacity by 88%
Apr. 30 | Chelsea Logistics Holdings Corp. (CLC) has accepted the delivery of its first medium- range (MR) tanker, which has increased its fleet capacity by 88% to 110,255 dead weight tonnage (DWT) from 58,651 DWT. The MR tanker, which was delivered on April 25,...
LBC posts 7% hike in 2017 income
Apr. 30 | LBC Express Holdings, Inc. (LBCEH) reported a 7% increase in net income for 2017 to P984.922 million from P20.249 million in 2016 as a result of higher air cargo revenues. In a regulatory disclosure, LBCEH said revenues for 2017 went up 15% to P10.020...
AirAsia to unveil Taiwan flights from Clark in July
Apr. 30 | Low-cost carrier AirAsia Philippines is set to launch its Clark-Taiwan flights on July 12, according to Clark International Airport Corp. (CIAC). CIAC president and chief executive officer Alexander Cauguiran in a statement said the AirAsia flights will...
PUC has a new name
Apr. 30 | The Port Users Confederation, Inc. (PUC) has changed its name to Port Users Confederation of the Philippines, Inc. (PUPC). Association president Col. (ret) Rodolfo De Ocampo said the Securities and Exchange Commission approved the name change last February. De...
