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SIA named best air cargo carrier in Asia

Singapore Airlines (SIA) has been crowned Best Air Cargo Carrier for Asia at the Asian Freight, Logistics & Supply Chain Awards, the national carrier said yesterday. The award, organised by freight and logistics publication Asia Cargo News, is conferred based on votes cast by more than 10,000 of its readers. It recognises leadership and distinctive service in the regional air cargo business. "Thousands of shippers and industry experts have...


Two firms to deepen cooperation in Belt and Road investments

Supply chain management company YCH Group and e-commerce logistics services firm Forchn Holdings announced last Friday that they have signed a memorandum of understanding to deepen cooperation in investment opportunities along the Belt and Road Initiative (BRI) corridor. Under the partnership, YCH and Shanghai-based Forchn said they would explore the joint launch of a US$150 million (S$198 million) BRI Logistics Real Estate Private Equity Fund...


SATS reports uptick in Q3 profit despite challenging environment

SATS on Tuesday reported a small uptick in its fiscal third-quarter earnings to S$66.6 million, from S$65.1 million the year before. The ground handler and in-flight catering service provider said its revenue dipped 0.2 per cent year-on-year to S$439.8 million in the three months ended Dec 31, 2017, from S$440.9 million a year ago. SATS said revenue from its food solutions businesses fell 2.5 per cent to S$240.4 million. Revenue from gateway...


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