Logistics

Singapore - UPS has appointed Ingrid Sidiadinoto to the role of managing director in Singapore, where she will assume responsibilities for all express delivery and logistics operations.

Singapore - Kerry Logistics is constructing a regional logistics hub in Singapore, where the building slated for completion by Q4 2012 aims to meet the growing demand from clients in Southeast Asia and Australia.

Singapore - NOL Group has announced the appointment of Ng Yat Chung as CEO, taking over Ron Widdows who will be retiring on 31 December.

Singapore – A devastating fire at a Shell refinery located on one of Singapore’s offshore islands Pulau Bukom has prompted the company to shut down processing operations for the time being.

Global – A fall in profits is expected to hit the global aviation sector due to an unstable economical climate, according to the International Air Transport Association (IATA).

Japan - Six freight forwarding firms in Japan have been found guilty for conspiring to fix fees charged for transporting air cargo from Japan to the US, and will be paying almost US$47 million in fines.

Asia Pacific - There has been an increase in international air passenger markets despite a dismal freight demand for the month of August according to traffic figures issued by the Association of Asia Pacific Airlines (AAPA).

Philippines - Philippine Airlines (PAL) is planning to start outsourcing some parts of its business on 1 October, prompting a strike yesterday causing all early flights to be suspended.

Vietnam - Vietnam's state-owned carrier may be considering entering Asia's booming and increasingly competitive budget aviation sector.

Thailand - Maersk Line has appointed Henrik Jensen as its country manager for Thailand, who will be tasked with developing and executing business strategies and overseeing sales, operations, and customer service.