China Eastern to take over small carrier
The Shanghai-based Chinese airline giant China Eastern Airlines plans to purchase 20 percent stake of China United Airlines from its parent company, reported Xinhua. The purchase will involve capital of US$13.2 million.
Qantas order cut hurts Boeing profit plan
Qantas Airways's cancellation of orders for 35 Boeing Co 787 Dreamliners further clouds the aerospace giant's efforts to make its flagship jet programme profitable, reported The Wall Street Journal.
Air Berlin denies Etihad pushing for new CEO
Air Berlin denied a report that its major shareholder Etihad Airways was pushing for the German airline to find a new permanent chief executive quickly, reported Reuters.
PAL to order several dozen Airbus planes
Philippine Airlines is set to place an order for "several dozen" Airbus jets next week, the single biggest order to be made by the country's largest full-service carrier, people familiar with the deal said, reporte Dow Jones Newswires.
Sri Lanka container volumes slip
Containers handled at Sri Lanka's ports fell 1.8 percent to 1.71 million TEUs in the first five months of the year, though there was recovery in transhipment volumes in May, official data show, reported Lankan Business Online.
Savannah port gets approval for deepening
A US$652 million deepening of the Savannah River shipping channel has been approved by the commander of the US Army Corps of Engineers.
NZ port moves record volumes
A record volume of cargo has passed through New Zealand's South Port for the second consecutive year, reported The Southland Times. The Bluff-based port's performance figures for the 2011-12 financial year showed an after-tax profit of US$4.
Caterpillar to set up distribution centre in Australia
Caterpillar Logistics, a wholly owned subsidiary of Caterpillar Inc, plans to set up a new parts distribution centre in Yatala, between Brisbane and the Gold Coast in Australia, reported PR Newswires.
Brazil plans privatisaton of mid-sized airports
Brazilian President Dilma Rousseff, dissatisfied with the handover of the country's largest airports earlier this year, is now seeking to find private operators for mid-sized airports, Folha de S Paulo newspaper reported.
| | Lufthansa defends savings plan as strike looms
Lufthansa has vowed to press ahead with a sweeping cost-saving plan to improve long-term profitability amid high fuel prices and worsening economic prospects in Europe even as its faces the threat of a strike by cabin crew over pay and conditions,
Qantas post first loss, cancels 35 jets order
Australia's flag carrier Qantas Airways reported its first annual loss in almost two decades and cancelled orders for 35 Boeing fuel-efficient aircraft in a bid to save US$8.5 billion.
East Coast strike threat as talks fail
Contract negotiations between unionised US East Coast and Gulf Coast port workers and their maritime employers broke down in Florida earlier today, raising concerns that shippers could divert cargo to West Coast ports as a September 30 contract
APM-managed CFS to open in December
The container freight station (CFS) managed by APM Terminals India in the vicinity of Vallarpadam terminal will become fully operational by October 2013.
Westports planning $1b IPO
Westports Malaysia, the concessionaire of the Westports terminal in Port Klang, is believed to be planning an initial public offering (IPO) exercise to raise as much as US$1 billion by early next year.
Sharjah terminals throughput in first half up 23%
Gulftainer Co Ltd (GTL), the largest privately owned ports operator in the world, based in Sharjah, has announced that throughput at their Sharjah terminals – Khorfakkan Container Terminal (KCT) and Sharjah Container Terminal (SCT) – has increased by
Pelindo urged to launch new business this year
State-Owned Enterprises Minister Dahlan Iskan said Terminal Peti Kemas Indonesia, a new subsidiary of four state-owned port operators Pelindo I to Pelindo IV, which will focus on container port terminals, should be up and running by the end of this year,
Sinotrans Shipping profit plunges 63.6%
Sinotrans Shipping showed a drop of 63.6 percent in net profit to US$20.1 million in the first half compared with $55.22 million in the same period last year. The group's operating profit was down to $6.93 million from $44.91 million in 2011.
DHL opens its eight gateway in Busan port
DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL, has launched its 8th Global Multinational Gateway in the South Korean port of Busan.
Call to reduce dependence on road transport
At least one train must ferry freight from the Vallarpadam container transhipment terminal per day to inland (dry) ports like Coimbatore and Hyderabad, to prevent the highways from being choked by goods and container carriers, Thiruvanathapuram
QR National annual net profit up 22%
QR National, Australia's largest rail freight company, will buy back up to 10 percent of its shares to bolster the efficiency of its balance sheet and aims to cut another 750 jobs before the end of 2012 to trim costs, reported Dow Jones Newswires.
Stagecoach reshuffles board
Stagecoach Group said Brian Souter will step down as chief executive and replace George Mathewson as chairman of the UK transport group, with incumbent finance director Martin Griffiths replacing Souter as CEO, reported Dow Jones Newswires.
|
No comments:
Post a Comment