Boeing to expand 737-800BCF production capability, inaugurating a new production line this year at Guangzhou Aircraft Maintenance Engineering Company Ltd. (GAMECO) to meet strong demand.BBAM and Boeing announced the lessor has ordered three 737-800 Boeing Converted Freighters (BCF), underscoring the growing e-commerce and express sector of the air cargo market. BBAM has one of the world’s biggest ...
With two passenger bridges, the multiple aircraft ramp system (MARS) can accommodate two small planes or a single wide-body aircraft to which passengers pass through two jet bridges. This allows more and more passengers to board and deboard quickly through passenger bridges. Many passengers know how much more convenient it is to board or deboard from an airplane to the terminal directly along the ...
Shipbuilder stays on top of the market by seeing opportunities to convert platform supply vessels into highly demanded fish feed carriers. Eidsvaag, the Norwegian company that specialises in the distribution of fish feed, has contracted Damen to carry out a conversion project. Damen Shiprepair Amsterdam (DSAm) is converting a platform supply vessel into a fish feed carrier that will improve effici...
PO Ferries has suspended its ro-ro service linking Calais and the London port of Tilbury, citing low customer demand and the impact of strike action in France over the past few weeks.Launched last September, it was pitched as a new option for unaccompanied freight to and from Greater London and the Midlands and which would help maintain customers’ supply chains in the event of a disorderly Brexit....
Dreamlifts Ltd will no longer be acting as a worldwide General Sales and Service Agent (GSSA) for Antonov Airlines from 1 March.The company said it had “been proud to represent Antonov since 2016, but having failed to reach an acceptable agreement, Dreamlifts has, with great regret, decided not to renew its agreement with Antonov”.The decision affects the UK office based in Stansted, as well as Dr...
LLL: Last week, Lufthansa Cargo announced it was reducing its winter freighter flight schedule serving mainland China to five weekly connections – one third of the normal level, although its Hong Kong flights remain unaffected. How are you coping in such an uncertain environment?PG: The current situation in China increases the complexity of our operations and makes reliable planning more difficult...
After showing strong returns for owners in January, the Americas clean tanker market has slumped in February as impacts from the coronavirus cut oil product demand into Asia, Ardmore Shipping CEO Anthony Gurnee said this week.Americas tanker rates started to decline slightly in the last decade of January as refineries in the US Gulf Coast and in other regions went into maintenance season in Februa...
The amount of molten iron daily production affected by maintenance at steelmakers has climbed from 78,700 mt to 220,000 mt over the extended Chinese New Year holiday that ended on February 9, according to a SMM survey, as more mills scale back production to contain the spread of coronavirus.Post-holiday restrictions on raw material shipment and elevated stocks of finished products continued to imp...
Patrick Jany joins A.P. Moller - Maersk as Chief Financial Officer (CFO) and Member of the Executive Board.Patrick Jany who is a German citizen comes from a successful career within finance and business process optimization as CFO and member of the Executive Committee of Clariant AG, Switzerland. He will assume responsibility as CFO of A.P. Moller - Maersk from 1st of May 2020.“I am pleased to wel...
UK – WORLDWIDE – London based vessel financierMagma Maritimesays it is currently in advanced negotiations with potential investors to raise an initial amount of $200 million to purchase a number of modern dry bulk cargo vessels, which will have a tokenised ownership structure.The company says this will be the first platform to provide alternative finance through tokenisation, enabling fractional o...
FM Logistic has opened the second stage of its warehouse in the Noginsk district, near Moscow, to meet demand from customers in the FMCG sector.The newly built section offers 12,500 sqm of additional space, bringing the facility’s total surface to 66,000 sqm and its storage capacity to 85,000 pallet spaces. Among the companies already using the Noginsk facility are Henkel and Bonduelle.The capacit...
Since February, Liaoning Port Group has transferred more than 22,000 tons of anti-epidemic materials through the container green channel, which is a race against time in logistics process, and fully supports the front line of epidemic prevention and control.On January 28, Liaoning Port Group opened a green channel for emergency anti-epidemic materials at container terminals, and provided services ...
The demand impact that the coronavirus has had in China is rippling through to much of the rest of the complexLondon, 11 February (Argus) — Oil prices fell sharply in response to a dramatic drop in prompt crude demand from China, much of which remains in the grip of the coronavirus.Mideast Gulf marker Dubai registered the steepest losses of the three global benchmarks, falling by $4.10/bl to $52.7...
In Shanghais Pudong district, home to 150,000 expats, foreigners in local communities have shown a great deal of cooperation and participation in the collective fight against the novel coronavirus outbreak, a local official said.Many of them－residents of the metropolis with the largest number of expats on the Chinese mainland－gave a thumbs up to the city governments rapid response to containing th...
Medical materials are seen at the Wuhan Tianhe International Airport in Wuhan, Central Chinas Hubei province, Jan 28, 2020. [Photo/Xinhua]WUHAN - Transport authorities in Wuhan, the Chinese city at the center of the novel coronavirus pneumonia outbreak, announced Sunday they will launch collection hubs for anti-virus supplies in four overseas cities.The collection hubs will be set up in Los Angele...
A US cargo ship docks at the Qingdao Port, Shandong province. [Photo by Yu Shaoyue/For China Daily]China wants closer international cooperation to overcome the novel coronavirus epidemic and create better conditions for global trade, the Ministry of Commerce said on Monday.The country has taken a number of measures to stabilize domestic trade and solve the issues faced by foreign-funded enterprise...
UK – The growth of the British International Freight Association (BIFA) Young Forwarder Network, designed to fulfil a need for younger members of the freight forwarding profession to meet and exchange ideas and experiences, seems to have been an unqualified success, with another regional group having just been started.The Northern Ireland regional group was launched at a well-attended meeting, whi...
The continuing coronavirus crisis has sparked various supply chain contingency plans, including ‘no-deal’ Brexit-style measures being revived in the UK, as prolonged production closures in China threaten shortages of vital stocks.UK government ministers have ordered a contingency plan to be drawn up to cope with the coronavirus crisis amid fears that China will shut factories and cities for months...
Chinese leisure liners go full steam ahead, forge JVs, create world-class travel ecosystemThe multibillion-dollar Chinese cruise market is evolving rapidly, and a new vista is on the horizon, promising sustained development, huge investments, jobs and significant economic activity, in line with the ongoing consumption upgrade.The cruise industrys focus is shifting from being a huge source of exper...
World health bodys chief warns against conspiracy theories and trolls amid outbreakAn advance team of the World Health Organization arrived in Beijing on Monday amid the outbreak of novel coronavirus pneumonia, a spokesman for Chinas National Health Commission said on Monday.They will join with Chinese experts to conduct in-depth exchanges on the situation and epidemic prevention and control, said...
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