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- Edition: 1454
Headlines
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Contents Korean Air signs cooperation deal with Myanmar Airways
Korean Air has signed a partnership and codeshare memorandum of understanding with Myanmar Airways International (MAI).
Ryanair seeks VAT refund on Aer Lingus bid
Ryanair wants to be refunded US$1 million in VAT for professional services related to its unsuccessful 2006 bid to take over Aer Lingus, the High Court heard yesterday.
Qatar Airways slams Bechtel for Doha airport delay
The head of Qatar Airways said he hoped to start operating from Doha's new airport by the end of the year and blamed its delayed opening on Bechtel Corp, the principal contractor, reported Reuters.
HK strike talks break down as pay offer too low
Talks over a salary dispute at the Kwai Tsing Container Terminals broke down yesterday as two contractors who employed the striking dockers agreed to a raise of only about seven percent – a far cry from the 17 to 24 per cent the workers have been
Singapore lowers port
fees, offers more perks
Reduced fees and other incentives aimed at boosting port competitiveness and making better use of anchorage space were announced by Singapore last night.
Botany, Kembla port leases sold to funds
Australia's New South Wales state government has sold the long-term leases on two major ports to a consortium led by Industry Funds Management (IFM) for US$5.35 billion, reported Reuters.
Singapore-Shanghai team wins $1m future port challenge
The ports of Singapore and Shanghai have been competing with each other for years for the title of the world's busiest port.
2012 was very challenging, says Maersk
A P Moller-Maersk stuck to its forecast for a lower net profit in 2013 as weak economies in developed markets continue to hold back container shipping rates, reported Dow Jones Newswires.
Ship leasing firm tries to double portfolio
ICBC Financial Leasing is targeting foreign shipowners with leasing deals as it seeks to double the value of its ship asset portfolio this year, a senior executive has confirmed.
| | HSH Nordbank sees no shipping recovery before 2015
Troubled transport lender HSH Nordbank expects weak conditions in the shipping industry to drag on for at least another 18 months and continue to weigh on its earnings, reported Reuters.
New moves to make shipping faster, easier
From going paperless in a bigger way to streamlining its online TradeNet system, the Singapore Customs is looking to make it faster and easier for traders to ship their goods.
Kuehne + Nagel opens office in Myanmar
With the opening of an office in Myanmar, Kuehne + Nagel will further strengthens its presence in the Asia-Pacific region.
India's Kingfisher submits plan to restart airline
Grounded Kingfisher Airlines has submitted a plan to India's aviation regulator to restart operations, saying its parent group would provide initial funding and asking for its flying licence to be renewed, reported Reuters.
IAG won't merge Vueling with Iberia
International Airline Group will not merge Spanish low-cost airline Vueling with its Iberia unit if its takeover bid is successful, IAG's chief executive Willie Walsh said, reported Reuters.
Korean Air finalises investment in Czech Airlines
Korean Air has taken a 44 percent stake in Czech Airlines, providing a lifeline for the loss-making state-owned carrier and giving the Korean group a bigger presence in Europe, reported Reuters.
CMA CGM to launch new Asia-Red Sea service
CMA CGM will launch a new fixed day weekly service on the Asia-Red Sea route called REX 3 on May 2.
Cargo piles up as HK port strike drags on
Striking dockworkers at a port operator backed by Hong Kong's richest man Li Ka-shing failed to reach a deal for higher pay on Wednesday, prolonging a dispute that could cost the city its position as the world's third-largest container port.
Manila port operator asks for rate increases
The operator of Manila's North Harbour has asked the government for the authority to increase cargo handling rates, citing higher operating expenses, reported BusinessWorld.
Obama budget earmarks only $1.28m for Savannah port
President Barack Obama's budget proposal included just US$1.28 million to deepen the Savannah River, a drop in the bucket for the $652 million port project deemed critical to Atlanta's economic development, reported The Atlanta Journal.
Jebel Ali completes major dredging work
DP World has successfully completed the largest dredging programme at its flagship Jebel Ali Port in 10 years, allowing the port to handle more big vessels at the same time by deepening the draught, reported MIST News.
Fuel cost 'key challenge for shipping and aviation'
The soaring cost of fuel is the biggest challenge for the shipping and airline industries with no relief in sight for the next few years, said an industry leader.
Work begins on new Toll UK HQ
Toll Global Forwarding will move to a brand new UK headquarters building at London Heathrow Airport in October. The new facility – on a secure 2.
DHL opens new China fashion centre
DHL Global Forwarding, the air and ocean freight specialist within DHL, is pioneering a new style of high-fashion logistics with the spring launch of its Fashion Center of Excellence in Jiuting, on the outskirts of Shanghai, China's high-fashion
TNT shareholders appoint CEO
Dutch delivery company TNT Express said that Tex Gunning was appointed by the Annual General Meeting of Shareholders (AGM) as CEO and as an additional member of the executive board.
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