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- Edition: 1379
Headlines
Contents EU may suspend emissions fees
European officials signalled that they may recommend the suspension of the continent's carbon emission fees for airlines to avert a trade war with major economic powers such as China and the United States, allowing time to forge a global agreement on
1,110 face sack as AA to close Alliance base
American Airlines will close its Alliance Airport maintenance base in Fort Worth by mid-December and eliminate 1,110 jobs, the airline told the Transport Workers Union, reported The Dallas Morning News.
Lion Air orders more Boeing planes
Lion Air has ordered 10 more Boeing 787-8 Dreamliner passenger jets to boost its long-haul flight capability, crucial to its ambition to emerge as an aggressive player in the Asian-Pacific air-travel market in what amounts to a challenge to the region's
China Eastern to raise $571m from share issue
China Eastern Airlines, one of China's top three carriers, plans to raise an aggregate US$571.42 million through the issue of new shares in Shanghai and Hong Kong to boost its finances and competitiveness, reported Reuters.
India port to convert berth into container terminal
Chidambaranar Port at Tuticorin, anticipating an increase in box traffic, plans to convert its eighth berth into a container terminal on a BOT basis for a period of 30 years, reported The Hindu. The port expects to handle 500,500 TEUs this year.
OOCL warns of port congestion surcharge
Hong Kong-based box carrier Orient Overseas Container Line (OOCL), will apply a port congestion surcharge for shipments from/to the US on October 1, in case of slowdown or work stoppage at any port in the country, reported SeeNews.
PSA faces damages for
not signing port deal
Jawaharlal Nehru (JN) Port may seek damages from Singapore-based port operator PSA International for failing to sign a concession agreement to build a container-loading facility within a deadline that ended on Monday.
Panalpina starts three direct LCL services
Panalpina has launched three new direct Less than Container Load (LCL) services from Asia to Europe.
Air Nigeria runs out of runway
International carrier, Air Nigeria, is terminating its operations and sacking over 500 staff in a move that has prompted union protests over alleged unfair dismissal and unpaid salaries, reported All Africa.
| | CMA-CGM makes $178m profit in Q2
French privately owned container shipping company CMA CGM reported a net profit of US$178 million in the fiscal second quarter ending June 30 after the company's revenue rose 12 percent to US$4.15 billion in the period due to higher freight fees.
US box imports tipped to rise on retail demand
Import cargo volume at major US retail container ports is expected to increase 8.5 percent in September from the same month last year, according to the Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.
FedEx, UPS get toehold
in China express market
China has given FedEx Corp and United Parcel Service approval to provide express-package services within the country, potentially spurring competition just as the Chinese market leader prepares for an initial public offering.
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