HIGHLIGHTS
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Logistics rents in Asia Pacific set to moderate in 2023
December 28, 2022 - Rent in logistics warehouses across Asia-Pacific is expected to moderate in 2023, according to Knight Frank, as supply...
Korean Air receives approval from China on Asiana acquisition
December 26, 2022 - Korean Air announced that the Ministry of Commerce of the People's Republic of China (MOFCOM) had approved...
WorldACD: Demand drops further in disappointing December
December 22, 2022 - Global air cargo tonnages have dropped further in the final weeks and days of what would normally be peak season, the...
Lufthansa Cargo signals optimism for 2023
December 21, 2022 - Lufthansa Cargo signalled its optimism for the year ahead even as it noted that the global logistics market continues...
MSC Group completes €‎5.7B acquisition of Bolloré Africa Logistics
December 21, 2022 - MSC Group announced that its wholly owned subsidiary SAS Shipping Agencies Services, has completed the acquisition of...
Cathay Pacific expects short term headwinds in air cargo market to continue in 2023
December 21, 2022 Cathay Pacific expects headwinds in air cargo to continue in the short term until supply chains in the Chinese mainland...
Ports of Long Beach, LA’s Container Dwell Fee Program to end January 24
December 16, 2022 The San Pedro Bay ports of Long Beach and Los Angeles will phase out the option to collect a “Container Dwell Fee” on...
Hong Kong saw slight month-on-month uptick in cargo volumes for November
December 15, 2022 Hong Kong International Airport reported another month of cargo decline in November as global economic headwinds and...
Cathay reports cargo decline in November; says short-term headwinds to continue
December 14, 2022 Cathay Pacific continued to see cargo decline in November as production activities in the Chinese Mainland and trade...
Teleport raises US$50M as it aims market leadership in Southeast Asia
December 14, 2022 Teleport, the logistics venture under Capital A Berhad (formerly known as AirAsia Group Berhad) has raised new growth...
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