Foes of EU emissions scheme back UN plan
Seventeen countries opposed to an EU law that makes all airlines pay for carbon they emit on flights to and from Europe reaffirmed they want to keep working on an alternative plan at the UN global aviation body, a senior US official said.
Atlas Air second quarter net profit up 29%
Cargo carrier Atlas Air posted a higher quarterly profit, aided by growth in military passenger service and increased commercial charter flying, reported Reuters.
Nine airlines get court nod on price-fixing settlement
British Airways and eight other airlines received final court approval in New York for a settlement agreement on a six-year-old antitrust class action suit that accused the carriers of fixing cargo shipping prices, reported Reuters.
Japan Airlines expects IPO to raise $8.5b
Japan Airlines expects to raise about US$8.5 billion in an initial public offering next month, nearly doubling the investment of a state-backed fund that injected capital into the carrier following its bankruptcy in 2010, reported Reuters.
Iberia drags IAG into the red
IAG, formed by the merger of British Airways and Iberia, cuts its full-year profit guidance after a poor performance from its Spanish unit and rising fuel costs led it to a first-half loss, reported Reuters.
Slow air cargo growth in June – IATA
The International Air Transport Association (IATA) said there was continued slow growth in the demand for air cargo transport in June.
John Menzies buys UK ground handling business
John Menzies' aviation services division Menzies Aviation has bought UK-based ground handling business Flight Support from Airbase Holdings for US$8.2 million, reported Dow Jones Newswires. The company will pay an initial consideration of $7.
Kembla to be second NSW terminal
The NSW government has confirmed Port Kembla, in Wollongong, will serve as the state's second container terminal after Port Botany, as it pushes ahead with plans to privatise the assets next year and raise up to US$3 billion, reported The Australian
OOIL to buy $347m of equipment for Long Beach terminal
Hong Kong container shipper Orient Overseas (International) Ltd (OOIL) has signed contracts to buy US$347 million worth of equipment from Shanghai Zhenhua Heavy Industries, a unit of China Communications Construction, to support the redevelopment of its
| | Adani Ports Q1 net profit $49m
Adani Ports' first quarter net profit ended June 30 was US$49.31 million compared with $45.56 billion a year ago, reported India Infoline News Service. The EBIDTA increased by 104 percent to $141.13 million compared to $69.
Boskalis wins JNPT dredging contract
Royal Boskalis Westminster has signed a contract with port operator Jawaharlal Nehru Port Trust for deepening and widening the port and access channel of JNPT in Mumbai, India, reported Dow Jones Newswires.
Kintetsu World Express opens fourth Russian office
Kintetsu World Express has opened an office in Togliatti, Russia, aiming to capture automotive-related logistics business in the area, according to Nikkei Report.
Logwin opens Fuzhou office
Logwin, an air and ocean freight and logistics services provider, has opened a new sales office in Fuzhou, Fujian Province, to strengthen its market presence across South China.
Large tax bill shrinks
Deutsche Post profit
German logistics company Deutsche PostDHL saw its profit fall 28 percent in the second quarter as a large tax bill took a chunk out of increased sales in emerging markets. Though net profit fell to US$247.19 million from $339.
Emirates says Qantas talks don't include revenue sharing
Emirates airline's planned alliance with Australia's struggling Qantas Airways does not include a revenue-sharing agreement, the chairman of the Dubai-based carrier said, reported Reuters.
Lufthansa operating profit surprise
Lufthansa posted second-quarter operating profit that beat consensus, thanks to one-off effects from the restructuring of its troubled Austrian Airlines carrier, reported Reuters.
SWISS sees operating profit halved in first half
SWISS reported an operating profit of US$62.15 million for the first six months of 2012 – 53 percent down on the same period last year.
APM Terminals signs Lazaro Cardenas contract
After winning a tender on December 15, 2011, APM Terminals has now signed a 32-year concession contract with the Port Authority of the Port of Lazaro Cardenas for the design, financing, construction, operation, and maintenance of a new specialised
Hanjin to resume Portland container service
South Korea-based container carrier Hanjin Shipping will resume service at the Port of Portland on Saturday after staying away for more than a month due to a contentious labour dispute, reported Portland Business Journal Online.
Seaport likely to take over Penang Port by December
Seaport Terminal, the winning bidder in the Penang Port privatisation exercise, hopes to take over the country's oldest port by the end of the year, reported Business Times.
New N American rules on cleaner ship fuel
A long-planned environmental regulation requiring ships to use cleaner, low-sulphur fuel while operating near the North American coast took effect this week despite concerns that suppliers may not be ready.
Orient Overseas profit
down 33% in first half
Orient Overseas (International) Ltd (OOIL) said it maintains a cautious market outlook owing to container-shipping overcapacity as it reported a first-half net profit fall of 33 percent as a result of persistently low freight rates and high fuel prices.
|
No comments:
Post a Comment