Wednesday, September 5, 2012

CargonewsXpress - Edition 1376





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- Edition: 1376


Headlines

Cathay to stop importof shark fin to Hong Kong

Berlin airport opening delayed further

Kenya Airways cuts jobs after court lifts ban

Japan Airlines $8.4b IPO fully covered

Singapore Airlines to fly daily to Myanmar

Judge allows AMR to end pact with pilots

Lufthansa crew plans nationwide strike

Broadcast firm's boss likely to head Thai Airways

Dockworkers strike at Colombia port

US firm seeks to build port, logistics centre in Vietnam

HK shippers see no big benefits from wider canal

Muted growth in East-West box volumes likely

FedEx issues profit warning

Lufthansa union calls for strikes at three airports

Typhoons slam Korean airline sales

Boeing expects India to order 1,450 planes in 20 years

G6 alliance suspends Asia-Europe Loop 3


PSA given ultimatum on India terminal project

CMA CGM sells cruise company

ICTSI Croatia employees unite to increase productivity

Deutsche Post DHL to reduce stake in Blue Dart Express




Contents

Cathay to stop import
of shark fin to Hong Kong

Cathay Pacific has bowed to pressure from environmental groups and banned shark fin from its cargo flights as well as on its subsidiary carrier Dragonair.



Berlin airport opening delayed further
The opening of Berlin's new airport has been further delayed by at least half a year until October 2013 as a new technology chief endeavours to iron out problems including fire safety, a person familiar with the matter said, reported Dow Jones Newswires.



Kenya Airways cuts jobs after court lifts ban
Kenya Airways said 126 out of about 600 targeted employees have voluntarily left under a plan to reduce costs, after a court lifted a temporary ban on job cuts at the carrier, reported Reuters. The airline, 26.





Japan Airlines $8.4b IPO fully covered
Japan Airlines' US$8.4 billion initial public offering in Tokyo has been fully covered after the company started taking orders on Friday, a person familiar with the situation said, reported Dow Jones Newswires.



Singapore Airlines to fly daily to Myanmar
Singapore Airlines will offer daily services to Yangon from October 28 by taking over some flights from its wholly owned regional unit SilkAir, reported Dow Jones Newswires.



Judge allows AMR to end pact with pilots
A judge has permitted AMR Corp, parent of American airlines, to reject labour agreements with its pilots union, 20 days after he forced the American Airlines' parent to make changes to the proposal, reported Dow Jones Newswires.



Lufthansa crew plans nationwide strike
Air passengers face the prospect of chaos at German airports later this week, after labour union UFO called on Deutsche Lufthansa cabin crew to strike across the country on Friday as part of a dispute over wages and conditions, reported Dow Jones



Broadcast firm's boss likely to head Thai Airways

State-owned broadcaster MCOT's chairman, Sorajak Kasemsuvan, will be called for an interview with Thai Airways International selection committee next week for the post of president, the carrier's vice-chairman Areepong Bhoocha-oom said, reported Dow



Dockworkers strike at Colombia port
Container handling at Colombia's main Pacific port, Buenaventura, has been paralysed by a dockworkers strike, reported EFE News Service. Some 500 workers are taking part in the job action, which began on Wednesday, the CUT labour federation said.



US firm seeks to build port, logistics centre in Vietnam
Officials from SBL CMH Development of the US have met authorities of Vietnam's southern province of Ba Ria-Vung Tau to show their interests in building a logistic centre and a container port, reported Vietnam News Brief Service.



HK shippers see no big benefits from wider canal
The widened Panama Canal will definitely benefit the global shipping industry but industry insiders differ as to the benefits for Hong Kong and mainland Chinese shippers, reported the South China Morning Post.



Muted growth in East-West box volumes likely
Container shipping may have to get used to a "lost decade" of dampened growth and lower revenues as manufacturing outsourcing to Asia grinds to a halt and production heads back to Europe and the Americas, according to Macquarie research paper, reported



FedEx issues profit warning
FedEx Corp has issued a profit warning in the face of a sharp slowdown in global manufacturing activity that has already seen the world's largest air package carrier park planes and defer new aircraft deals, reported Dow Jones Newswires.



Lufthansa union calls for strikes at three airports
German carrier Deutsche Lufthansa will need to cancel around one-third of its long-haul flights at Frankfurt airport after German labour union UFO called on the airline's cabin crew to strike in Frankfurt, Berlin and Munich, reported Dow Jones Newswires.



Typhoons slam Korean airline sales
South Korean air carriers are reporting huge sales losses worth several billion won (more than $884,000) in the aftermath of Typhoon Bolaven and Tenbin, reported Maeil Business Newspaper.



Boeing expects India to order 1,450 planes in 20 years
Boeing Co raised its sales forecast for passenger planes in India, even as local carriers are curtailing flights due to high operational costs, a depreciating rupee and mounting debt, reported Dow Jones Newswires.



G6 alliance suspends Asia-Europe Loop 3
In preparation for the vessel maintenance schedule in the winter and consideration of the forecasted lack of improvements in the market environment in the Asia-Europe trade, the members of the G6 Alliance have decided to temporarily suspend their Loop 3



PSA given ultimatum on India terminal project
Singapore's PSA International, the world's second biggest container port operator, has been directed by Jawaharlal Nehru port to sign an agreement to build a US$1.2 billion new terminal at India's busiest container port by September 10.



CMA CGM sells cruise company

CMA CGM Group, through its parent company Merit, has completed the sale of La Compagnie du Ponant to Bridgepoint, as part of the group's commitment to refocusing on its strategic businesses.



ICTSI Croatia employees unite to increase productivity
After only 15 months since International Container Terminal Services Inc's (ICTSI) successful bid for the Rijeka container terminal in Croatia, positive developments at the terminal have become visible.



Deutsche Post DHL to reduce stake in Blue Dart Express
German postal and logistics company Deutsche PostDHL plans to reduce its ownership of Blue Dart Express by selling a stake in order to comply with India's minimum public-shareholding requirement, reported Dow Jones Newswires.



 

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