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Capacity, investment crunch in Asia’s airports needs to be addressed—ACI

Capacity, investment crunch in Asia’s airports needs to be addressed—ACI

Aug. 21 | Airports Council International (ACI) is calling for an increase in capacity and investment in airports in Asia-Pacific to enhance the socioeconomic benefits aviation provides the region. Angela Gittens, ACI director general, said increased capacity can...

Yang Ming reports loss in first half despite volume, revenue growth

Yang Ming reports loss in first half despite volume, revenue growth

Aug. 21 | Taiwan-based ocean shipping company Yang Ming Marine Transport Corporation reported net losses for the second quarter and first half of the year but added it has managed to lower its losses by over 60% compared to the previous year. Yang Ming said it...

It’s official: DSV acquires Panalpina

It’s official: DSV acquires Panalpina

Aug. 19 | Global transport and logistics company DSV A/S said it completed the acquisition of Panalpina Welttransport (Holding) AG on August 19. Swiss-based logistics firm Panalpina in a release said Denmark’s DSV settled August 19 the previously announced public...

Maersk reports strong gains in Q2, reaffirms 2019 forecast

Maersk reports strong gains in Q2, reaffirms 2019 forecast

Aug. 17 | Danish shipping and logistics group A.P. Moller-Maersk said it made “solid progress” in the second quarter by delivering profit above expectations, and reaffirmed its guidance for the whole year. Maersk, the world’s largest container shipping company,...

HKIA obtains interim injunction against protesters

HKIA obtains interim injunction against protesters

Aug. 14 | Airport Authority Hong Kong (AAHK) said it has obtained an interim injunction to “restrain persons from unlawfully and wilfully obstructing or interfering with the proper use of Hong Kong International Airport (the Airport).” In a brief statement...

Shanghai tops 2019 ranking of world’s best-connected ports: UNCTAD

Shanghai tops 2019 ranking of world’s best-connected ports: UNCTAD

Aug. 14 | The Shanghai port in China has topped the United Nations Conference on Trade and Development (UNCTAD) 2019 ranking of the world’s best-connected ports in 2019. The Chinese port gained a connectivity score of 134 points, followed by the ports of...

DP DHL logs revenue and EBIT growth, raises lower end of full-year forecast

DP DHL logs revenue and EBIT growth, raises lower end of full-year forecast

Aug. 12 | Deutsche Post DHL Group (DP DHL) reported an increase in revenue of 3.0% year-on-year in the second quarter, as all five divisions contributed to the positive development, and all regions of the world posted growth. For the period April-June, group revenue...

Contract logistics sustains strong market growth in 2018—Ti report

Contract logistics sustains strong market growth in 2018—Ti report

Aug. 12 | The global contract logistics market grew 4.9% in real terms in 2018, one of the fastest growth rates seen in recent years, new research from Transport Intelligence (Ti) reveals. Ti’s latest market report, Global Contract Logistics 2019, paints a picture...

Asia Pacific air freight contracts 5.4% in June, 7.4% in H1—IATA

Asia Pacific air freight contracts 5.4% in June, 7.4% in H1—IATA

Aug. 10 | Global air freight demand decreased by 4.8% in June 2019 compared to the same period in 2018, marking the eighth consecutive month of year-on-year decline in freight volumes, according to data released by the International Air Transport Association (IATA)....

Hapag-Lloyd improves H1 profit on higher volumes, freight rates

Hapag-Lloyd improves H1 profit on higher volumes, freight rates

Aug. 9 | Germany’s largest container shipping liner Hapag-Lloyd has reported significantly higher earnings in the first half of 2019 as against the same period of the previous year, citing improved trade volumes and slightly better freight rates. In a statement,...