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- Edition: 1414
Headlines
Contents Vinci makes top offer for Portugal airport operator
French construction company and highway operator Vinci has made the highest bid for Portugal's airport operator ANA-Aeroportos de Portugal, while Colombia's Odinsa has dropped out of the auction, Bloomberg News reported, citing two unnamed sources.
Icelandair orders 12 Boeing 737 MAX
Air carrier Icelandair Group has signed a commitment to buy 12 Boeing 737 MAX8 and 737 MAX9 aircraft, with purchase rights for an additional 12 aircraft, reported Dow Jones Newswires.
Further port strife looms in US
Freight shippers are starting to make contingency plans in case labour strife idles seaports along the US East Coast, just as they begin recovering from an eight-day work stoppage that delayed goods moving through the big West Coast ports of Los Angeles
Baltic Ace shipwreck to cost insurers up to $60m
The Baltic Ace cargo vessel that sank in the North Sea on Wednesday night is insured for between US$50 million and $60 million, two sources with direct knowledge of the matter said, reported Reuters.
Hamburg Sud adds two new Central America slings
From January 2013, Hamburg Süd will be offering two new services from the Mexican port of Manzanillo to Central America West Coast. Sling 1 will connect Manzanillo with Acajutla (El Salvador), Corinto (Nicaragua) and Puerto Caldera (Costa Rica).
UPS may not be able to buy TNT
Europe's anti-trust watchdog said yesterday that UPS faced a difficult task to overcome competition issues related to its plan to buy Dutch rival TNT Express, reported The Irish Times.
UTi Q3 profit down 63% on revenue drop
UTi Worldwide's fiscal third-quarter profit sank 63 percent as the freight-forwarding company recorded a double-digit decline in revenue, logged higher legal and severance costs, and also took a hit from Hurricane Sandy and strikes in South Africa.
Raise individual tax, cut corporate rates - FedEx boss
FedEx Corp chairman and CEO Frederick Smith said lawmakers should increase individual tax rates and lower levies on corporations as part of a deal to advert the fiscal cliff, reported the Wall Street Journal.
Container owners get new chairman
Michael Callus, vice-president of container management at United Arab Shipping Co, Dubai, has been elected as the next chairman of the Container Owners Association (COA).
| | China Southern seals $1.9b Airbus deal
China Southern Airlines, the country's largest carrier by fleet size, has agreed to buy 10 Airbus A330-300 aircraft for about US$1.9 billion, to be delivered in stages from 2014 to 2016, reported Reuters.
Korean Air, Qatar Airways eye Czech Airlines
The Czech government will decide on the privatisation of Czech Airlines (CSA) as early as April next year after weighing possible bids from Korean Air and Qatar Airways, reported Reuters.
Court allows Maldives to cancel airport deal
A Singapore court has ruled in Maldives' favour, overturning an earlier order won by India's GMR Infrastructure that had suspended the South Asian state government's decision to cancel its US$511 million airport development contract with the company,
Cathay fined in price-fixing case
Cathay Pacific Airways will pay a US$12.28 million fine to settle an air cargo price-fixing case with the Australian Competition and Consumer Commission, the blue-chip carrier said, reported Dow Jones Newswires.
Asiana offloads stake in CJ Korea Express
Asiana Airlines has unloaded its stake in CJ Korea Express, the nation's biggest logistics company, to improve its financial health, reported joins.com.
$3.2m windfall for easyJet boss
Carolyn McCall, easyJet's chief executive, banked almost US$3.22 million in pay and bonuses for 2012 after profits at the low-cost carrier soared by almost a third, reported The Daily Telegraph.
Little hope for missing North Sea sailors
Dutch rescuers said last night it was unlikely six seamen missing a collision in the North Sea between a car carrier and a container ship that killed five crew would be found alive.
Wan Hai to raise reefer rates
Wan Hai has annouced general rate increases (GRIs) on refrigerated cargo from January 1 due to high operational costs.
duisport builds giant Audi export hub
German port operator duisport is building the largest Audi export hub in the world in the Port of Duisburg to handle exports to China and India.
AA Cargo names sales manager
American Airlines Cargo has appointed Andy Cornwell as regional cargo sales manager for Northern Europe.
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