Newsletter – October 18, 2018
AIR FREIGHT UPDATESTurkish Cargo preparing for its new homeaircargonews.netTurkish Cargo is preparing for the opening of Istanbul New Airport which takes place with a grand ceremony on October 29.The carrier has confirmed that it will continue all of its cargo operations from Istanbul Atatürk Airport until December 31, 2018, at which point all bellyhold cargo will be flown from Istanbul New Airport. Read more here.
Airfreight capacity outstrips demand for sixth month in a rowaircargonews.netAirline freight capacity growth continues to outstrip demand, according to the final Q2 2018 financial data released by IATA.“Available freight tonne kilometres (AFTKs) grew by 4.5% year-on-year in August, up from 3.9% in July and faster than the corresponding annual demand growth rate for the sixth month in a row.” Read more here.
Building of Singapore’s new Changi East air terminal to start in 2020seanews.com.trCONSTRUCTION of Terminal 5, Singapore’s new passenger terminal, will commence in 2020. The terminal that is part of the sprawling 1,080-hectare Changi East complex will be located alongside the existing airport.Changi East covers an area equivalent to 667 football fields put together, with onsite drainage as long as 435 mass railway transit trains. The new complex will be manned by 20,000 workers compared to 3,000 currently at the existing Changi airport. Read more here.
OCEAN FREIGHT UPDATESTruck strike at Chittagong disrupts 5,000 TEUseanews.com.trTHREE days of strike action by owners of trucks and covered vans to protest a new traffic liability law in the Dhaka division was halted following a meeting with government officialsThe strike had disrupted transportation of 5,000 export containers to the off-docks located near Bangladesh’s Chittagong port. Read more here.