Korean Air swings back into black
Due to weak economic recovery and high fuel prices, Korean Air posted an operating income of US$2.83 5 billion for the fourth quarter of 2012, and an operating loss of $16.18 million.
Lufthansa halts Libya flights due to security concern
Lufthansa and its subsidiary Austrian Airlines have halted flights to Tripoli due to insecurity in Libya, eported Reuters.
Dreamliner problem still stumps investigators
As the probe of burning batteries aboard Boeing Dreamliner jets stretches into its second month, an international team of air-accident sleuths remains stumped about the underlying cause, according to people familiar with the details.
PSA gets court nod to freeze Tuticoron royalty payment
Singapore's PSA International has secured a stay from the district court in Tuticorin where it has been running a container terminal since 1999 to freeze the annual royalty it pays to the union government-controlled V.O.
Lines seek 16% rate hike on transpacific route
Shipping lines are seeking freight rate hikes of around 16 percent on Asia to North America routes, aiming to set a benchmark for upcoming negotiations on key annual price contracts.
3,000 boxes stuck at Kochi port due to strike
An indefinite strike by trailer crew since Monday demanding higher wages has hit movement of containers at the Kochi Port, reported The Hindu.
G6 Alliance expands cooperation to transpacific trade
A year after the G6 Alliance was formed, creating one of the largest vessel networks in the Asia-to-Europe trade lane, the six member lines have agreed to expand their cooperation to the Asia-to-North America East Coast trade.
ECT orders 11 modern Kalmar cranes
Kalmar, part of Cargotec, has signed an order for 11 automatic stacking cranes with Europe Container Terminals (ECT) in the Netherlands.
MSC invests in Long Beach port
Mediterranean Shipping Co (MSC) has bought a stake in the leasehold for the marine terminal operations at the Port of Long Beach's largest container terminal, Pier T, reported SeeNews Shipping.
| | Santos Brasil posts record high result in 2012
Brazil's largest container operator Santos Brasil ended 2012 with record high EBITDA of US$277.92 million, 20.7 percent more than in 2011, and an EBITDA margin of 42.6 percent, reported Investimentos e Notícias (Real Time).
C H Robinson Q4 profit more than doubles
C H Robinson Worldwide fourth-quarter earnings more than doubled as the transportation and logistics company's benefited from strong demand for its trucking services and revenue also was boosted by recent acquisitions, reported Dow Jones Newswires.
CN Rail plans $1.9b in capital spending
Canadian National Railway, the country's largest rail operator, said it would invest US$1.9 billion in 2013, or slightly more than last year, to upgrade its rail system, improve service and expand business, reported Reuters.
India Railway lures private investors to ports
To attract private players for setting up rail terminals at ports, Railways has drawn up a new policy draft and will seek suggestions from prospective investors before finalising it, reported The Press Trust of India.
CEVA names new operation chief for China
CEVA Logistics has appointed Jaap Bruining as its new head of operations for China, effective February 1, according to PR Newswire.
Rival duo stronger, says Etihad CEO
Etihad Airways chief executive James Hogan claimed the Abu Dhabi-based airline and partner Virgin Australia are a "stronger" network than Qantas and Emirates as annual passenger numbers rose 23 per cent to hit 10.
Turkish Airlines orders five more A330s
Airbus said that Turkish Airlines has signed a firm order for two additional A330 passenger aircraft and three options, taking its total order for the aircraft type to 38, reported Dow Jones Newswires.
Air Lease orders 25 Airbus A350 jets
Air Lease Corp has announced its first order for the new wide-body jet being developed by Airbus, six years after the company's influential founder said the plane had to be redesigned or risk being crushed by the Boeing Dreamliner, reported Dow Jones
JAL suspends new route with Dreamliners grounded
Japan Airlines will postpone the opening of its route linking Narita International Airport and Helsinki due to the ongoing operational suspension of Boeing 787 Dreamliner aircraft, reported Dow Jones Newswires.
Kingfisher loses $142m in Q3 as planes sit idle
Debt-ridden and with no customers, Kingfisher Airlines posted a US$142 million loss in the three months to December 31 as its planes sat idle, creditors circled and regulators rebuffed the Indian airline's revival plans, reported Reuters.
Changi 'in talks to buy stake in GVK's airport business'
Singapore-based Changi Airports International is in talks with GVK Power & Infrastructure (532708.
BA cuts Qantas out of code share
British Airways has moved to further sever ties with Qantas Airways by ending a long-standing code share between the two airlines in protest against the Australian carrier's global alliance with Emirates, reported The Australian Financial Review.
Dubai port sets 100 million box record
DP World recently celebrated a milestone achievement in its history when its Dubai ports handled the 100 millionth container to pass through the UAE region terminals in 10 years, reported Khaleej Times.
ICTSI bags Honduras port deal
Philippines' International Container Terminal Services Inc (ICTSI) has won a 30- year contract to build and operate a port in Honduras, reported BusinessWorld.
MSC and ZIM to launch new Europe-Med joint service
Mediterranean Shipping Co (MSC) and ZIM Integrated Shipping Services will launch a new and improved Med-Europe service in Mid-February.
Strike averted as 15 US
ports sign labour deal
Dock workers and the management of 15 East Coast and Gulf ports have reached a tentative agreement on a new master contract, averting a threatened walkout tomorrow.
HPH Trust profit jumps in Q4
Port operator Hutchison Port Holdings (HPH) Trust's fourth-quarter net profit came in at US$ 128 million in 2012, up 8.3 percent year-on-year, thanks to bigger revenue, reported SeeNews Shipping. Revenue in October-December 2012 soared by 1.
Avies Turner building greener supply chain with Turkey
Forty-five years after identifying the potential of the Turkish market, Davies Turner is set to further expand its multimodal presence in the trade between the UK and Turkey, developing more environmentally-friendly supply chain solutions between the two
Schenker invests $32m in new logistics centre
DB Schenker Logistics has just started the construction of a new logistics centre in Rudná u Prahy, close to the Czech capital. The terminal is designed to meet most advanced technological, safety and environmental requirements.
GLP to invest additional $316m in Japan joint venture
Global Logistic Properties (GLP) and Canada Pension Plan Investment Board will jointly invest an additional US$632 million to expand their Japanese logistics-property joint venture, the Singapore-based warehouse operator said, reported Dow Jones
Australia acts to encourage rail freight
The Western Australia state government has provided US$16.13 million in subsidies to promote the use of rail for the transport of container freight to and from Fremantle Port, reported WA Business News.
Canadian Pacific hires CN exec as COO
Hunter Harrison, brought in to engineer a turnaround at Canadian Pacific Railway, has tapped a former protege as the company's president and chief operating officer, reported Reuters.
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