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  • August 21, 2014
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  1. Choppy waters forecast as too many cargo ships chase too little freight

    Posted Mar 02nd 2011, 12:00am by Keith Wallis

    ... Keith Wallis Too many ships chasing too few dry bulk cargoes are likely to lead to a weaker shipping market this year compared with 2010, senior executives from dry cargo specialist ... of cargo carried onboard its fleet of 113 handysize and larger handymax ships. As a result of this increase in cargo volumes, the handysize and handymax dry bulk division saw total net profit rise ...

  2. Cathay cargo venture set to take off

    Posted Nov 18th 2010, 12:00am by Anita Lam

    ... Anita Lam An air-cargo venture expected to increase Cathay Pacific Airways' presence on the mainland could take off as early as next month, chairman Christopher Pratt said yesterday. ... billion this year- but said he was optimistic about both cargo and passenger growth in the first quarter of next year. Cathay Pacific sealed an agreement with its subsidiary Air China back ...

  3. Cargo carriers bank on booming markets in Asia to fuel growth

    Posted Dec 20th 2010, 12:00am by Charlotte So

    ... regions, increased demand in Asia and emerging markets should make up for any such shortfall, said Lawrence Rosen, the chief financial officer of Deutsche Post DHL. Express cargo and freight ... trade should be higher next year, he said. Hong Kong- which is DHL's Asian hub- along with the mainland, should register cargo growth of about 10 per cent. Fleet expansion by DHL would ...

  4. Delays in Boeing delivery likely to hold back Cathay cargo expansion

    Posted Sep 10th 2010, 12:00am by Charlotte So

    ... Charlotte So Cathay Pacific's ambitions to expand its cargo division are likely to be hit by the delays in delivery of the new Boeing 747-8 freighter. Cathay along with other cargo carriers such as Nippon Cargo Airlines and Luxembourg-based Cargolux are banking on the new plane- a stretch version of the older jumbo jet freighters- to boost their freight capacity as global ...

  5. Boeing delay to affect Cathay cargo operation

    Posted Oct 05th 2010, 12:00am by Charlotte So

    ... aircraft to a new cargo joint venture in Shanghai. The carrier will seek compensation from the manufacturer and talks will be held at an appropriate time, a Cathay spokesman said. 'We ... ordered 10, will probably give rise to a small reduction in its cargo capacity from May to July, the spokesman said. The carrier has planned to take delivery of six freighters next year. ...

  6. Cathay in talks to sell stake in cargo terminal

    Posted May 13th 2010, 12:00am by Charlotte So

    ... Charlotte So Cathay Pacific Airways is in talks with potential buyers to dispose of its stake in Hong Kong Air Cargo Terminals Ltd (Hactl), the largest air cargo terminal at Chek Lap Kok. The announcement by chairman Chris Pratt yesterday came after Cathay revived plans to build its own cargo handling facility at Hong Kong International Airport. The HK$5.5 billion cargo terminal will take ...

  7. Move to merge air cargo trade of Big 3

    Posted May 25th 2010, 12:00am by Charlotte So

    ... Charlotte So Beijing is pushing Air China, China Eastern Airlines Corp and China Southern Airlines to merge their cargo operations to claw back business in a market that is dominated by foreign carriers. A source familiar with the situation said some headway had been achieved in the move to a united cargo airline. 'A preparation team has been formed recently to work out ...

  8. Cathay, Air China eye Pudong cargo prize

    Posted Feb 12th 2010, 12:00am by Charlotte So

    ... The cargo joint venture between Cathay Pacific Airways and Air China aims to become one of the largest freighter operations in Shanghai. 'We will deploy 12 to 13 freighters which will make us a sizeable operator at Pudong International Airport,' said John Slosar, Cathay's chief operating officer yesterday. The air cargo market in Shanghai is competitive ...

  9. Turbulence in mainland air cargo market

    Posted Jun 21st 2010, 12:00am by Charlotte So

    ... resulted in foreign carriers securing a lion's share of the mainland's international air cargo market. In an attempt to redress this imbalance the government wants the cargo divisions ... say the move is unlikely to persuade them to stop shunning the mainland's cargo airlines. 'I doubt whether it will be a success putting inefficient airlines together,' said ...

  10. Hactl sees first growth in cargo for 16 months

    Posted Nov 03rd 2009, 12:00am by Charlotte So

    ... Hong Kong's air-cargo sector has seen the first signs of recovery since the start of the global financial crisis, with the city's largest ground handler of air shipments expecting the first monthly volume gain since July last year. Hongkong Air Cargo Terminals Ltd (Hactl) said shipments were expected to rise year on year in October, the first growth in 16 months. ...




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