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- Edition: 1482
Headlines
Contents Virgin Atlantic, Delta in cargo handling deal
Virgin Atlantic Cargo and Delta Cargo have entered a multi-year cargo handling agreement in which Delta Cargo will provide cargo handling for Virgin Atlantic at New York's John F.
Qantas to launch freighter service to PNG
Qantas Freight said it would introduce a weekly freight service between Australia and Papua New Guinea commencing July 6.
Emirates plans new aircraft lease deal
Dubai's Emirates airline plans to lease new Airbus A380 superjumbo aircraft from a finance company that will issue US$630 million of bond-type certificates to fund the purchase of the planes, reported Reuters.
Air India seeks $500m bridge loan
Air India is seeking a bridge loan of up to US$500 million to buy five Boeing Co 787 Dreamliner planes, a senior Air India executive, reported Dow Jones Newswires.
Aeroflot mulls leaving SkyTeam alliance
Russian state-controlled airline Aeroflot is considering leaving the SkyTeam alliance because of unfavourable agreements with other members, in particular Delta Air Lines, Kommersant reported.
Rates tumble ahead of July 1 GRIs
Freight rates on the Asia-North-Europe trade have plunged up to 20 percent in the past month, with market intelligence provider Xeneta recording a stunning rate of under US$500 per TEU in a Qingdao to Le Havre shipment.
New metal logistics venture formed
Metals warehousing and logistics company North European Marine Services and China's SIPGL Logistics have joined forces to create a metals logistics network aimed at better connecting mainland China with the world's metals markets, reported Dow Jones
Toll to axe jobs at freight unit
Toll Holdings will cut jobs from its international freight division as part of an effort to shed US$46 million in annual costs from the business.
Vanguard adds Hanoi, Haiphong offices to network
Vanguard Logistics Services has completed the establishment of Vanguard offices throughout Vietnam with the addition of Hanoi and Haiphong.
| | CP train derails on bridge over Calgary River
A Canadian Pacific Railway freight train carrying a petroleum-derived product derailed on a failing bridge spanning the Bow River in the flood-ravaged city of Calgary, reported Dow Jones Newswires.
Spain's Bankia sells IAG stake for $879m
Nationalised Spanish bank Bankia has sold its stake in International Consolidated Airlines Group (IAG) for US$879.25 million, a narrow 2.9 percent discount compared with the stock's closing price on Wednesday, reported Dow Jones Newswires.
Greek PM inaugurates Cosco-run port facilities
Greek Prime Minister Antonis Samaras on Wednesday attended the inauguration ceremony of new port facilities run by a subsidiary of Chinese shipping conglomerate Cosco, saying his country welcomes more investment from China, reported Xinhua.
DP World port expansion on target
Dubai-based global marine operator DP World has completed the installation of the blocks that make up the foundation of the extended quay wall of the one million TEUs expansion of Jebel Ali Container Terminal 2, reported TradeArabia News Service.
JNPT told to wind up new posh office
The government has asked Jawaharlal Nehru Port Trust, which manages India's biggest container port, to wind up its new posh city office, reported The Hindu.
Deutsche Post to invest 978m in package business by 2015
Deutsche Post will invest US$978 million in its parcel business by 2015, reported Dow Jones Newswires.
Geodis Wilson launches
rail service in China
Geodis Wilson, a freight management company, has expanded its Asia-Pacific operations to include rail freight services in China.
Kuehne + Nagel to handle C&A retail logistics
C&A, one of the world's leading fashion and apparel manufacturers, has extended its partnership with Kuehne + Nagel which started in 2006.
Hamburg Marketing CEO to retire
At the end of this year, Claudia Roller, chief executive officer of Port of Hamburg Marketing, will be retiring. From April 1, 2008 Roller served first as an executive board member of Port of Hamburg Marketing (HHM) and then as CEO.
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