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- Edition: 1381
Headlines
Contents Foreign airlines can buy
49% of Indian carriers
India has decided to allow foreign airlines to buy stakes of up to 49 percent in local carriers, a long-awaited policy move that could provide a lifeline to the country's debt-laden airlines by opening up a fresh source of funding.
EADS, Singapore Technologies venture cleared
The European Commission has cleared the planned joint control by EADS and Singapore Technologies Aerospace of Elbe Flugzeugwerke (EFW).
Myanmar seeks partners for Mandalay Airport upgrade
Myanmar's government is seeking foreign and local private-sector partners to jointly develop the country's Mandalay International Airport into a logistics centre, as part of wide-ranging efforts to bolster its meager infrastructure ahead of an expected
LA volumes down, Long Beach up
Container volumes at the US Port of Los Angeles fell by 2.28 percent year-on-year in August to 706,000 TEUs while container volumes increased 1.4 percent year-on-year at the Port of Long Beach to 543,445 TEUS, reported SeeNews Shipping. Imports were 4.
Vietnam sacks port investor Vinalines
Deputy Prime Minister Hoang Trung Hai has agreed with the Transport Ministry's proposal to halt the construction of Van Phong International Transshipment Port invested by the Vietnam National Shipping Lines (Vinalines) in central Khanh Hoa Province
Krishnapatnam, Kattupalli ports set to open
Two Indian ports, Krishnapatnam Port Container Terminal (KPCT) and Larsen and Tourbo's (L&T) Kattupalli Port are expected to start handling container services soon, reported The Hindu.
K + N pays $28m to settle anti-trust action
Swiss logistics company Kuehne + Nagel International has agreed to pay US$28 million to settle an anti-trust lawsuit in the US, reported Dow Jones Newswires.
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