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Lufthansa Cargo raises capacity
to US
Lufthansa Cargo is further expanding airfreight capacity at the start of
the winter flight schedules on October 26, 2008. The cargo carrier’s
customers will have a greater choice of destinations and frequencies,
especially on route to North America. Aside from an additional MD-11
freighter connection on Fridays to New York (JFK), a further flight from
Frankfurt will be available to Chicago on Wednesdays. Additional direct
freighter connections weekly will be available on Thursdays to Seoul as
well as on Saturdays to Mumbai and Hong Kong.
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Four Soft appoints new CEO
Four Soft has appointed Rajshekhar Roy as the new CEO. Roy will take over
the role from Palem Srikanth Reddy, the chairman and founder of the
company who was also playing the role of CEO. Biju Nair, the current
senior vice president – finance would be the new CFO. Roy had joined Four
Soft in October 2007 as the head of global delivery and was promoted as
the Chief Operating Officer in April 2008. He is an MBA in Marketing from
the Indian Institute of Management, Kolkata. He brings with him over 20
years of rich business management experience in the areas of software
services, business process outsourcing and management consultation.
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CMA CGM announces new service to call at Chennai Port
CMA CGM has announced a new NEMO (North Europe, Mediterranean and Ocania)
service, connecting Australia directly to Europe and the Mediterranean via
Suez Canal, also covering Chennai Port and Colombo Port in the
sub-continent. The service, to be launched in November with CMA CGM vessel
Galilee, is to be operated in partnership with Hapag Lloyd. In all 12
vessels, each of 2,800 TEU capacity will be deployed on the service, out
of which six each will be by the two lines.
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Mumbai Port, Marseille-Fos sign pact
Mumbai Port
Trust and Port Marseille Authority signed a sister port agreement with the
cardinal objective of fostering experience sharing in the areas of
engineering, management, security and sustainable development. The
agreement, signed in Mumbai recently, in the presence of the press
promises to promote mutual trade and development between the two ports.
The sister port agreement is a clear indication of the Indian market's
interest in Marseille-Fos Port, the only general cargo port in Southern
Europe.
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Emirates Shipping wins SCM Logistics Excellence Award 2008
Emirates Shipping Line received accolades by winning the Asia Pacific
Shipping Liner Excellence Award at the 4th Supply Chain Management (SCM)
Logistics Excellence Award 2008 held in Singapore on October 14, 2008.
The award was given after an extensive nomination, submission and
evaluation process by an eminent panel of judges comprising experts from
the international supply chain and logistics industry, before the winner
was decided and announced. Vikas Mohammed Khan, chairman and CEO, Emirates
Shipping Line received the award on behalf of his company.
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Exporters express concern over freight hike
The Federation
of Indian Export Organisations (FIEO) criticised the hike in freight rates
at Jawaharlal Nehru Port Terminal (JNPT) by 10.3 per cent effective from
October 1, 2008. According to Ganesh Kumar Gupta, president, FIEO, this
would only add to the overhead cost burden of the micro, small and
medium-sized enterprises (MSME) in the export sector. He explained that JN
Port is India’s biggest container port that handles some 60 per cent of
the boxed cargo managed at all ports in the country.
The FIEO president also added that the port is, currently, facing an acute
capacity crunch as all its three-container handling facilities are
operating at beyond their designed capacities. Capacity expansion will not
come before 2010-11.
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