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- Edition: 1466
Headlines
Contents Virgin Atlantic posts $349m revenue in challenging market
Virgin Atlantic Cargo reported revenues for the 2012/13 financial year of US$349.65 million and thanked customers around the world for their support, which ensured the airline performed well in a global market that showed decline.
Tiger narrows fourth quarter loss
Tiger Airways reduced its fourth-quarter loss to US$12.28 million from $13.
Pilot union rejects Lufthansa wage offer
The union representing pilots working for Deutsche Lufthansa has rejected the airline's latest offer in an ongoing dispute over pay and conditions, Cockpit union said, reported Dow Jones Newswires. Lufthansa offered a 1.
Maersk Line decides to
double rates from July 1
A P Moller-Maersk, owner of the world's biggest container shipping company, is "100 percent certain" it can more than double freight rates in July despite market weakness that has seen prices fall by a third since March.
ICTSI short-listed in Melbourne Port bid
Philippines-based port operator International Container Terminal Services Inc (ICTSI) has been included in the short list of bidders to build and operate Melbourne's third international container terminal, reported Dow Jones Newswires.
Florida ports in line for record funding
Florida's seaports, including Port Everglades in Fort Lauderdale, are set to embark on a massive round of waterfront and transit upgrades, as the cargo and cruise facilities are in line for a record-setting year of funding from the Legislature, reported
China to invest more in Greek shipping
China is to increase its investment in Greece's port industry, and deepen its economic ties with the southern European country as it struggles to clear its massive debts, vice-minister of commerce Jiang Yaoping said, reported China Daily.
Toll Group opens facility in Singapore
Australian logistics giant Toll Group has opened a US$239.2 million facility in Singapore after five years of redeveloping a Loyang site, reported the Straits Times.
Kerry launches hybrid electric vehicles in Hong Kong
Kerry Logistics, a global logistics service provider, has deployed three hybrid electric vehicles (HEVs), as part of its green initiatives across the globe.
| | Logwin upgrades Vietnam facilities
Logwin, a provider of air and ocean freight and logistics services, has moved its warehousing and logistics operations into a modern, state-of-the-art purpose built facility close to Hanoi. The warehousing complex will serve the north of the country.
Kent bicycles roll into Savannah
Kent Bicycles has moved into Savannah in a big way, with plans to move more than a million units a year through the deep-water port.
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