Shipping Gazette - Daily Shipping News 2008/11/18 (Air)

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Tuesday, November 18, 2008


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Dragonair launches service to Manila

India's Jet Airways to cancel Shanghai to San Francisco service

HK ground handler Hactl signs up Star Airlines-Macedonia

China Airlines, Mandarin Airlines Taoyuan-Nanjing charters

China Eastern launches first service to Seoul

NOL better prepared for downturn without Hapag Lloyd


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Weighing up the costs of DC Bypass in China >>

Rates drop US$200 on North Asia-Australia trade, but strong second half is expected in 2008 >>

Barges offer shippers cheaper intermodal option in Europe >>

Express company TNT can show carriers how to upgrade services and earn higher returns >>

Today's Feature


NOL better prepared for downturn without Hapag Lloyd

SINGAPORE-based shipping company Neptune Orient Lines is expected to fare comparatively better heading into the downturn after opting out of its bid for Hapag Lloyd, analysts say.


"We think this is a wise move as we believe NOL would need all its financial resources to weather the coming prolonged downturn," Deutsche Bank research analyst Joe Liew said.


Morgan Stanley analysts concurred saying, "the decision not to pursue the Hapag Lloyd acquisition from TUI AG indicates an extremely disciplined valuation approach not to overpay for a strategic container shipping franchise."


Macquarie Research Equities analysts Jon Windham and Winnie Guo highlighted the move to pull out of the deal also as a positive, as well as the group's "aggressive moves to protect profitability".


[Read More]






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Dragonair launches service to Manila

DRAGONAIR will commence its inaugural flight on December 15 and operate its five-times weekly flight with a A320 aircraft to Manila, with a schedule designed to give convenient departure times in line with office hours for business, and an early afternoon arrival in Hong Kong.

The Hong Kong-Manila line will fly Mondays, Wednesdays, Thursdays, Fridays and Sundays. The flight KA913 will depart from Hong Kong at 2000 hrs, to arrive in Manila at 2200 hrs. The Manila-Hong Kong line will fly Monday, Tuesday, Thursday, Friday and Saturday and takes off at 1050 hrs from Manila, arrives at 1255 hrs at Hong Kong.

"We are excited to announce our entry into the Philippines market to offer a wider choice of options for travellers. Traffic flow and demand between Manila and Hong Kong continues to grow and the new service will be a significant boon in terms of business and trading activities between Hong Kong and the Philippines," said Dragonair CEO Kenny Tang.

"Despite the current financial crisis, we are confident in the long-term prospect of the travel industry. We believe that the Manila service will perform well and will play an important role in our business in the years to come."

Manila is the ninth new destination Dragonair has added to its network since becoming part of the Cathay Pacific Group in September 2006.

Dragonair has been recognised for its product and service quality, and was voted "Best Regional Airline in South East Asia" in the annual World Airline Survey run by Skytrax in 2007/08.








India's Jet Airways to cancel Shanghai to San Francisco service

INDIAN Jet Airways will stop operating its service from Bombay to San Francisco via Shanghai on January, 13, reports Logistics Week.

The service has only operated for four months and it has been cancelled because of a shortfall in revenue blamed on the global economic downturn.








HK ground handler Hactl signs up Star Airlines-Macedonia

HONG KONG Air Cargo Terminals Limited (HACTL) has announced that Star Airlines-Macedonia, a cargo carrier based in country's capital Skopje, has appointed Hactl as its ground handler in Hong Kong.

Star Airlines-Macedonia launched its inaugural flight to Hong Kong on November 9, commencing a weekly charter service between Istanbul, Almaty, Hong Kong, Sharjah and Lagos. Hactl is pleased to support the carrier by providing one-stop-shop ground handling including physical cargo, ramp and documentation handling.

Said Hactl customer service chief Lilian Chan: "We are delighted to welcome Star Airlines-Macedonia as our new customer. By choosing our service, we are sure that Star Airlines-Macedonia will enjoy the most professional, efficient, reliable and secured cargo handling services."

Said Star Airlines CEO Kani Kurtulus: "We are happy to partner with Hactl, a world-class cargo terminal operator that will add value to our business. I truly look forward to a long-term and successful business relationship with Hactl. "








China Airlines, Mandarin Airlines Taoyuan-Nanjing charters

China Airlines, in a joint venture with Mandarin Airlines, has launched a weekend charter service from Taoyuan to Nanjing, reports Logistics Week.

The weekly service deploying Airbus A330-300 flies Saturdays. Flight CI-7995 departs from Taoyuan International Airport at 0930 hrs, arriving Nanjing at 1230 hrs, and flight CI-7996 returns at 0145 hrs, landing at Taoyuan at 0445 hrs.








China Eastern launches first service to Seoul

China Eastern Airlines has launched its first international service from Nanchang to Seoul, reports Logistics Week.

The twice-weekly service flies Thursdays and Sundays, departing from Nanchang at 1755 hrs, arriving Seoul at 2020 hrs, returning at 2120 hrs for a Nanchang arrival at 2355 hrs.

Machinists' strike and engineer shortage delays Boeing deliveries

DELIVERIES for Boeing's new 747-8 aircraft are running up to nine months late, because of a recent machinists strike and a shortage of engineers, reports Dow Jones.

The first 747-8 Freighter delivery date to launch customer Cargolux SA has moved from late 2009 to early 2010. Lufthansa Airlines (LHA.XE), the sole customer for the passenger version, will not receive its first plane until the second quarter of 2011, rather than late 2010.

Financial penalties for late delivery are expected. At the same time customers may be relieved at the delays or even seek to cancel orders as air cargo demand plunges in the current financial crisis.

The company which has secured 105 orders for the 747-8, mostly for the freighter version, also faces mounting delays to its 787 aircraft - now 15 months behind schedule because of a shortage of engineering resources, exacerbated by the recent machinists strike.

Boeing said the company had worked to avoid delays, but had to push deliveries back to finish production and complete flight tests.










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