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- Edition: 1470
Headlines
Contents Alitalia first quarter loss widens
Alitalia reported a wider net loss for the first quarter as it kept burning through cash, highlighting the challenges faced by the industry and the Italian airline's new chief executive, reported Dow Jones Newswires.
Virgin gets Tiger by the
tail with Aussie nod
Canberra's Foreign Investment Review Board (FIRB) has approved Virgin Australia's purchase of a 60 percent stake in low-cost rival Tiger Airways Australia, bringing Virgin another step nearer to closing the deal.
Horizon adds Jacksonville to San Juan service
Horizon Lines will add a Jacksonville call to its southbound service between Houston and San Juan, which will continue to operate on a 14-day round-trip timetable.
Mainfreight profit up but Europe a challenge
New Zealand transport company Mainfreight Ltd reported a 3.4 percent rise in full-year profit before abnormal items, but said that it expected its European businesses would continue to struggle, reported Reuters.
BIFA names new national chairman
The British International Freight Association (BIFA) has a new national chairman.
Brazil airport capacity limits curb competition
Without major investments in Brazil's air-travel capacity over the next two years, competition between airlines at the country's eight largest airports will be near impossible, a member of Brazil's antitrust regulator, Cade, said, reported Dow Jones
SIA parks second plane
due to overcapacity
The cargo arm of Singapore Airlines will store a second Boeing 747-400 freighter aircraft as a result of continued overcapacity in the air cargo market.
Brazil trade pick-up raises Maersk hopes
Brazil's sea-borne container trade grew one percent in the first quarter of 2013 compared with a year earlier, showing a tentative recovery in Latin America's largest economy, Danish shipping company Maersk Line said.
Shipping lines abandon Iranian routes
International shipping companies are abandoning their Iranian voyage routes before new US sanctions are implemented in July, denting further the Islamic Republic's ability to acquire food items and consumer goods, reported The Wall Street Journal.
| | Auckland wins back Maersk service
The Port of Tauranga's share price fell after Ports of Auckland announced that shipping line Maersk would resume its Southern Star service to Auckland, starting from July, reported The New Zealand Herald.
Gulftainer planning $500m investments
Gulftainer, a closely-held port operator based in the UAE, plans to invest US$500 million over two years as it expands in Russia and Saudi Arabia, the world's two biggest oil producers, reported Mist News.
DHL to invest $181m to boost Southeast Asia supply chain
DHL Supply Chain, a provider of contract logistics solutions, plans investment to the tune of US$181.21 million by 2015 in Southeast Asia, reported PR Newswire.
25% of Russian Railways to be sold by end 2016
Russia is planning to sell the first five percent of state-owned Russian Railways by the end of 2014 and an additional 20 percent by the end of 2016, according to an Economy Ministry document, reported Dow Jones Newswires.
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