CargonewsXpress - Edition 1447

If this newsletter is not properly displayed, please click here. ABOUT US SUBSCRIPTION ADVERTISING CONTACT US - Edition: 1447 Headlines Ryanair to order 200 Boeing aircraft FAA approves Boeing battery fix plan Cathay Pacific 2012net profit plunges 83% Snow, ice disrupt transport in France More communication between lines and shippers urged Rate rise unlikely to succeed - analysts Big Maersk ships to use Suez instead of Panama Cosco's sale plan gets poor reception Antwerp port seeks Chinese traffic and investment DP World faces fresh snag on container project Freight Links more than doubles Q3 profit IAG chief Walsh winsbattle with unions Airbus sees imminent orders for A320neo jets Wage deal reached At Hamburg Airport ICTSI profit up on higher volumes Contents Ryanair to order 200 Boeing aircraft Ryanair is to place a US$18 billion order with Boeing to buy up to 200 aircraft, the Irish Independent reported. FAA approves Boeing battery fix plan The Federal Aviation Administration has given initial approval to Boeing Co's proposed package of fixes to batteries on the company's 787 jets, setting the stage for the start of flight tests and what the agency called "extensive" additional safety Cathay Pacific 2012 net profit plunges 83% Cathay Pacific Airways' 2012 net profit plummeted to US$117.8 million, down 83 percent from $708.99 million in 2011, due to high fuel costs and weaker demand for passenger travel and freight. Snow, ice disrupt transport in France A late winter storm hit Paris and parts of northern France on Tuesday as strong winds and snow disrupted the region's rail and air traffic systems, blocked roads and left 80,000 households without electricity, reported Dow Jones Newswires. More communication between lines and shippers urged Shippers and shipping lines both need to raise their game if global container supply chains are not to be habitually subject to wildly fluctuating service levels. Rate rise unlikely to succeed - analysts The world's biggest container shipping company Maersk Line and its rivals are expected to fail in an attempt to raise rates on the key Asia to Europe route, as they seek to boost profits following years of a sector slump and over-capacity, reported Big Maersk ships to use Suez instead of Panama Maersk Line, the world's biggest container shipping company, will stop using the Panama Canal to transport goods from Asia to the United States East Coast as bigger ships help it move them profitably through the Suez Canal, reported The Australian Cosco's sale plan gets poor reception Investors in Hong Kong gave a chilly reception to China Cosco Holdings' plan to boost earnings by selling assets, sending the shipping giant's shares down as much as 6.3 percent on Tuesday, reported The Wall Street Journal. Antwerp port seeks Chinese traffic and investment The Belgian port of Antwerp, the second-biggest in Europe, is not only seeking to increase Chinese traffic, but also urging Chinese investors to get involved in a multibillion dollar expansion of the port, reported China Daily. DP World faces fresh snag on container project Jawaharlal Nehru Port has turned down the Dubai-based port operator DP World's request to transfer a new container terminal project at the port – which it won in a public auction – to its Indian holding company Hindustan Ports, reported The Hindu. Freight Links more than doubles Q3 profit Stronger revenue and a gain on fair value of marketable securities more than doubled Freight Links Express Holdings' third-quarter net profit to US$7 million from $3.05 million a year earlier, reported Business Times Singapore. IAG chief Walsh wins battle with unions International Airlines Group, the owner of British Airways and Iberia, looked to have won a major battle with unions and ended the threat of strikes at its Spanish airline with a deal that will still see it save US$325.7 million a year. Airbus sees imminent orders for A320neo jets The sales chief of European planemaker Airbus hinted at imminent orders worth over US$10 billion for A320neo passenger jets, saying cumulative orders for the revamped jet would probably top the 2,000 mark by the end of March, reported Reuters. Wage deal reached At Hamburg Airport German labour union Verdi has reached an agreement that will see around 600 security personnel at Hamburg airport receive a pay increase of 15 percent over the next two years, reported Dow Jones Newswires. ICTSI profit up on higher volumes Philippine port operator International Container Terminal Services Inc (ICTSI) saw profits grow by nearly a tenth last year, propelled by higher volume of shipments handled, reported BusinessWorld.   Produced by Cargonews Asia 10/F, Block C, Seaview Estate, 2-8 Watson Road, North Point, Hong Kong. Tel: 852-3965 7800 Fax: 852-2508 0255 Contact Editorial: cnaedit@cargonewsasia.com.hk Advertising: octang@cargonewsasia.com.hk Other enquiry: customer@cargonewsasia.com.hk You have been sent this email because you requested to receive it, either as a registered user of CargonewsAsia.com, or as a registered reader of Cargonews Asia newspaper. If you would like to unsubscribe from this newsletter click here. If you received this newsletter from a friend and you would like to subscribe to it free of charge please go to the cargonewsasia.com registration page and fill out the registration form. This news service is designed for optimal viewing with MS Outlook. 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