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South Korea’s second-largest airline, Asiana Airlines agreed to sell its cargo business and pave the way to a merger with its larger compatriot, Korean Airlines on 2rd November 2023. The carrier has a cargo fleet of 11 B747Fs, three of which are leased, and a 767 freighter. Asiana found itself heavily in debt after Covid-19 battered air travel, prompting its largest creditor, state-owned Korea Development Bank, to inject KRW3.6trn ($2.7bn) of public funds to keep the airline afloat. The government then began pushing for Korean Airlines to take over Asiana. Korea Development Bank said this would give South Korea a single, competitive national...

Hong Kong Air Cargo has expanded into Europe for the first time with a new flight operating to Italy targeting e-commerce volumes. The new three-times-per-week service will operate between Hong Kong International Airport and Milan Malpensa on Tuesday, Thursday and Sunday with a departure time of just after midnight and arrival in Italy at 09:15am. The flights will be operated by one the carrier’s Airbus A330-200 freighters. The first flight took place on October 29. This service is a dedicated solution for e-commerce logistics, ensuring same-day delivery of goods, the carrier said. The airline added that it hoped to add more flights to Europe...

Shipping line ONE announced the addition of a new route called SIG to its service network connecting Southeast Asia with India and the Middle East. The new SIG route will provide more comprehensive and frequent connections to and from India's West Coast and the Middle East. SIG route rotation is as follows: Singapore - Nhava Sheva - Mundra - Dammam - Jebel Ali - Cochin - Colombo – Singapore The SIG route will launch in Singapore on 16 November 2023. Also in October 2023, ONE announced the launch of the new Egypt-Lebanon-Turkey (ELT) route. This new route will give customers enhanced coverage within the European...

Recently two leading shipping lines have informed in detail the expected surcharges which shippers will face next when the shipping industry adjusts to suit the European Union's Emissions Trading System (EU ETS). Maersk warns that these costs will be huge. Starting from 1st January 2024, shipping lines will be authorized to monitor and report their emissions during voyages within the European Economic Area and 50% of voyages that begin or end Termination at European ports. Maersk believes that compliance costs are expected to be significant and will continue to increase with phased implementation. This cost will be passed on to customers as a...

Israel’s Civil Aviation Authority (CAA) has said international flights continue to operate to and from Israel following attacks on the country by Hamas over the weekend. The CAA said that currently “the Israeli airlines are operating as usual”. The organisation added that currently “there are still international flights to and from Israel by many airlines”. However, a number of airlines worldwide have cancelled or delayed flights in response to the situation, and cargo carriers have warned of potential disruption to shipments. FedEx said on its website on October 9: “In light of the events unfolding in Israel, our inbound and outbound flights...

Except of ASEAN countries, Vietnam is are continuing actively cooperated with a number of countries to connect the Single Window. According to the General Department of Customs, currently, Vietnam maintains official connection to the ASEAN Single Window to exchange information on electronic form D Certificates of Origin with all 9 member countries. At the same time, Vietnam also coordinate with ASEAN countries to officially exchange ASEAN Customs Declarations. Vietnam also prepares related requirements to connect the exchange of PHYTOSANITARY CERTIFICATE in 2023. At the same time, Vietnam will build solutions and process to connect and exchange electronic documents between ASEAN and partners...