India's grounded Kingfisher posts $380m loss
India's debt-laden Kingfisher Airlines, which has not flown since last October, reported yet another quarter of loss, and the resumption of operations is still not in sight as it struggles to win regulatory approvals, reported Reuters.
Singapore Airlines orders 30 more Airbus A350-900s
Rolls-Royce Holdings said Singapore Airlines plans to order 30 additional Airbus A350-900 aircraft powered by Rolls-Royce Trent XWB engines, taking the total number of A350 aircraft ordered by Singapore Airlines to 70, reported Dow Jones Newswires.
Westports to raise $500m in October listing
Westports Malaysia, operator of the country's busiest port, is expected to list on the local stock exchange in October this year in a deal that will raise up to US$500 million, two sources close to the deal told Reuters.
Global Ports in talks to buy container terminal operator
London-listed Russian ports operator Global Ports said it was in talks to buy National Container Company (NCC), which owns container terminals and a dry port in and around St Petersburg.
PSA International buys
into Fujian Jiangyin port
Singapore's PSA International has taken a stake in China's gateway port Fujian Jiangyin International Container Terminal (FJCT), becoming the second largest shareholder after Fuzhou Port Group (FPG).
Israel's ZIM banks on rate rise to trim debt
Debt-strappped Israeli shipping company ZIM said it hoped an increase in rates would follow signs of rising demand as it posted a narrower quarterly loss, reported Reuters. Zim, negotiating with banks to ease its US$2.
Tianjin Port eyes Australia infrastructure
The main operator of China's massive Tianjin Port is considering investing in proposed new rail and port facilities in Australia's iron-rich Pilbara region, reported Dow Jones Newswires.
UPS opens Hangzhou healthcare facility
UPS has officially opened its new healthcare facility in Hangzhou, Zhejiang Province, China, a move that represents a significant expansion of its Asia healthcare distribution network, reported Business Wire.
Mangrove makes counter-offer for ASCO
Mangrove Holdings today announced that it has rejected an offer made by joint venture partner ASCO Holdings for the shares it holds in ASCO Freight Management and instead made a counter offer to acquire ASCO Holdings' majority share.
| | Peruvian firm embraces CargoWise technology
CargoWise, a provider of technology solutions for logistics service providers announced the successful adoption of ediEnterprise delivered through WiseCloud by Peruvian freight forwarding and logistics experts of International Freight Shipping, part of
Emirates overtakes Air India in market share
Two airlines stood out most prominently amid the gloom pervading the Indian aviation scene in financial year 2013 — budget carrier IndiGo was the only Indian carrier to remain profitable even as its peers bled, while Dubai-based Emirates overtook Air
Malaysian Airline's Q1 loss widens
Malaysian Airline System (MAS), the country's national carrier, posted a bigger net loss in the first quarter, hurt mainly by foreign exchange loss and finance costs, reported Reuters. MAS reported a US$91.
France to reduce stake in Paris airport operator
The French government plans to sell around 10 million shares, corresponding to an around 10 percent stake in Aeroports de Paris but will retain a majority stake in the airport operator, French Finance Minister Pierre Moscovici said.
China opens its skies to two new airlines
China's aviation regulator has lifted a years-long ban against new independent airlines with its recent approval of two start-up carriers, a sign of liberalisation in one of the nation's most tightly regulated sectors.
Modest growth in air freight in April
The International Air Transport Association (IATA) released figures for air freight markets in April which showed modest growth of 1.4 percent compared to April 2012. This small increase helped to offset the 2.
ZIM improves EBIDTA loss
ZIM ends the first quarter of the year with an improvement in all operational parameters compared with the same quarter last year and an EBITDA loss of US$6 million.
Hong Kong dockers cry foul over dismissals
Three dockers have been laid off unfairly after they took part in a 40-day strike at the Kwai Tsing Container Terminals, the Union of Hong Kong Dockers claims.
ART Logistics launches multimodal service
ART Logistics has launched a multimodal freight service connecting Singapore, Malaysia, Indonesia, Vietnam and Thailand with Central Asia. Cargo is moved by sea from the regional ports of Jakarta, Port Kelang, Bangkok, Haiphong, Keelung and Singapore.
TNT Express introduces mobile depot in Brussels
TNT Express is introducing a mobile depot in Brussels to improve the efficiency of its parcel delivery operations and service to customers in the busy city centre, while contributing to a better environment.
Indian firm buys 55 acres for phase II of Logicity project
Shri Kailash Logistics Ltd (SKLL), which commissioned the first phase of its Logicity at Oragadam near Chennai last year, has completed the second phase of land acquisition, reported The Hindu.
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