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Air China and Royal Jordanian Sign Up With WFS in Copenhagen

Chennai: Port Wings News Network: The growth of Worldwide Flight Services’ (WFS) cargo handling business at Copenhagen Airport in 2018 is continuing following the signing of new contracts with Air China and Royal Jordanian Airlines. This follows the start of WFS’ new cargo handling contract at the airport with Cathay …

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Mohammed bin Rashid Attends Launch of DP World Cargospeed

Chennai: Port Wings News Network: Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum attended the launch of DP World Cargospeed, a new global company created through a partnership between global trade enabler DP World and Virgin Hyperloop One, to provide …

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Airport Profits Continue To Grow in Australia

Chennai: Port Wings News Network: Brisbane, Melbourne, Perth and Sydney airports all significantly increased their profits from aeronautical activities in 2016-17, with profits per passenger also rising, according to the ACCC’s annual Airport Monitoring Report. The four airports earned a combined $757.6 million in operating profits (EBITA) from aeronautical activities …

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Sabari Logistics Launches Third Warehouse Facility in Chennai

Chennai: Port Wings News Network: The Chennai-based Sabari logistics has inaugurated its third warehousing facility built on 52,000 sqft at Ariyalur village near Ponneri on 21 April. Mr Balakumar, Assistant General Manager in Canara Bank, inaugurated the facility in the presence of Mr S Padmakumar, Chairman of Sabari Group, Mr …

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CMA CGM Acquires 25% Stake in CEVA Logistics

Chennai: Port Wings News Network: CMA CGM, a worldwide leading shipping company, announces it has reached an agreement to acquire an equity stake of nearly 25% of CEVA Logistics AG (“CEVA”), a global leading player in the logistics sector. CMA CGM has committed to subscribe for mandatory convertible securities of CEVA …

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Global Logistics Player Panalpina Improves Profitability

Chennai: Port Wings News Network: In the first three months of 2018, international freight forwarding and logistics company Panalpina improved profitability compared to the same period of last year. Panalpina reported an EBIT of CHF 24.4 million (YTD 2017: CHF 16.4 million) and a consolidated profit of CHF 16.6 million …

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