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Liner consolidation has not created an oligopoly – analyst — August 22, 2017

Liner consolidation has not created an oligopoly – analyst

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd

Chinese vessel

LONDON, Aug 22 (FAM) – The liner shipping industry is slowly returning to profitability as a result of consolidation, but it is still a long way from being an oligopoly, according to Peter Sand, chief shipping analyst at shipping association Bimco.

Shippers claimed earlier this month that the increasing concentration of market share among an emerging “oligopoly” of major container shipping groups and alliances was reducing service standards for customers and could drive up freight rates further.

 

Intra-Asia carrier SITC posts 20% rise in net profit —

Intra-Asia carrier SITC posts 20% rise in net profit

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd

QINGDAO, Aug 22 (FAM) – SITC International Holdings, the intra-Asia box carrier and logistics firm, reported a 20% year-on-year increase in net profits in the first half of 2017. Net profits totalled $85.1m as revenues surged 6.8% to $604.3m in the first six months of the year.

The revenue gains came from rising volumes – SITC reported that average freight rates had declined in the period. Revenues generated by SITC’s sea transport segment amounted to $520.5m, representing a 10.8% increase year-on-year.

 

Logistics and engineering solutions provider opens new S’pore headquarters —

Logistics and engineering solutions provider opens new S’pore headquarters

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd

SINGAPORE, Aug 22 (FAM) – Tech-Link Storage Engineering, a logistics storage solution and automation provider, has opened a new headquarters in Singapore.

Strategically located near Changi Airport, Tech-Link’s new S$28 million ($20.5 million) state-of-the-art headquarters spans six levels consisting of a 4-storey warehouse and two floors of office space. Measuring more than 9,000 square metres, the high-tech facility is designed to enable the development of new supply chain solutions.

 

Cathay Pacific to buy 32 Airbus A321neos —
American Airlines Cargo grows Middle East presence with new GSA —

American Airlines Cargo grows Middle East presence with new GSA

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd

FORT WORTH, Texas, Aug 22 (FAM) – American Airlines Cargo has chosen Heavyweight Air Express (HAE) as its General Sales Agent (GSA) in the United Arab Emirates.  HAE replaces long-standing GSA, Airline Cargo Resources (ACR) which has recently chosen to downsize its commitments in the region.

This is the second area of the world in which HAE was chosen as American’s GSA following its appointment to cover sales across a number of countries in central, east and north Africa, as well as South Africa in mid-2016.

 

Kohnen completes executive board at time:matters —

Kohnen completes executive board at time:matters

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd

LUFTHANSA, Aug 22 (FAM) – Alexander Kohnen has been appointed the new Managing Director Strategy & Sales at time:matters Holding GmbH, effective November 15, 2017.

The 40-year-old thereby succeeds Franz-Joseph Miller, who left the company of his own accord on 1 July 2017. Kohnen has held various management positions at Lufthansa Cargo since October 2000, most recently Senior Director Industry Development & Product Management and previously Director Nordic & Baltic Countries.

 

China to speed up bullet trains on Beijing-Shanghai route in Sept — August 21, 2017

China to speed up bullet trains on Beijing-Shanghai route in Sept

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd

rail - high speed rail in China03

BEIJING, Aug 21 (FAM) – China’s next-generation bullet train, the Fuxing, will run on the Beijing-Shanghai high-speed railway from September 21 at 350 kilometers per hour, China Railway Corporation announced on Sunday.

It will be the world’s fastest commercially-used bullet train and will cut travel time between the two cities to 4.5 hours from 6 hours.

 

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